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Your source for what's going on in the Loudoun County real estate scene including statistics, data, resources and more.
Recent Posts Tagged With 'mortgage'
Putting Mortgage Rates Into Perspective
I’ve heard some folks saying, “Uh oh…mortgage rates are up!” and “Mortgage rates went up a lot (1/4 point) since last week and I’m going to wait for them to go back down.” Yes, mortgage rates may have gone u...
If My Iraq War Veteran Home Buyers Just Got a 3.875% Interest Rate, Why Can’t You?
My Iraq War Veteran first-time home buyers (that’s them in the photo) and I thought we were hearing things when the lender said, “You qualify for a VA loan at an interest rate of 3.875 percent.” But we heard correctly! Qualified Vet...
Good News For Home Buyers Using FHA Financing!
Good news for home buyers using FHA financing! The Federal Housing Administration (FHA) has no plans to implement the Home Valuation Code of Conduct (HVCC), which has been the cause of a wide array of problems for home buyers, sellers and lenders. ...
3rd Largest FHA Lender, Taylor Bean and Whitaker Shut Down
If the Federal Housing Administration is trying to send a message, it just did - using an elephant gun. The country’s 3rd largest FHA lender, Taylor, Bean and Whitaker Mortgage Corp., ceased lending and closed its doors yesterday after being ba...
Beazer Homes to Pay $50M to Victimized Home Buyers
I’ve warned homebuyers before, “Don’t get taken to to the cleaners by home builders and their lenders”. And here’s why: In order to avoid prosecution on criminal fraud conspiracy charges, Beazer Homes agrees to pay $50 m...
Say “Goodbye” to sub-5 percent Mortgage Rates?
Mortgage rates are ridiculously low right now. Words such as “historically” and “unbelievably” are being put in front of “low rate of…” by lenders, the media and consumers alike. But that may changing. And qu...
Mortgage 101 - Resources and Information
Buying a home and obtaining a mortgage can be stressful, particularly for first time home buyers. You probably have tons of questions especially when it comes to mortgages and lenders. "What type of mortgage loan should I get?" "What does PITI mean?"...
