Northern Virginia Home Buyers Northern Virginia Real Estate

Archive for the 'Alexandria Virginia Home Buyers' Category

FLIP VS. FLOP CAN I GET FINANCED?

One reason to purchase investment property is to re-sell it for a profit. For some, this may mean doing some renovations and upgrades first. For others, it may mean doing nothing and sell it immediately (90 days and under from initial purchase date) for a profit. This is called a ‘Flip’. While still a primary [...]

BUYERS BEWARE

Effective June 1st, the mortgage industry is instituting a new requirement intended to make sure a purchasers debt picture has not changed since the file was initially underwritten. Sounds like a process that makes sense? Yes, in this day and age of risk aversion, it is surprising it took this long to be in place. [...]

Foreclosures and Short Sales…can I buy a home again?

Many homeowners read the constant reports concerning foreclosures, short sales, and the poor economy with indifference. But for those that were either the victim of poor lending practices, made poor decisions in regards to their mortgage program, or suffered such an event, those reports hit home [...]

Northern Virginia Home Buyers Time Keeps On Slipping into the Future. No I am not talking about Steve Miller, but rather the First Time Home Buyer & Extended Home Buyer Tax Credit. As well as some other dates of Interest you MUST be aware of.
Mortgage Backed Securities: As of yesterday The Feds Program To purchase [...]

Dont Get Locked Out Of Your New Northern Virginia Home. LOCK IN on a rate now! You may hear this all the time from Real Estate Agents and Loan Officers alike. The truth of the matter is that this time it is true. The Fed has been participating in a program to purchase Mortgage Backed [...]

FHA Commissioner David Stevens says Changes are coming to the FHA as early as April 15. Hear what he has to say. Keep in mind the FHA is currently serving one third of the mortgage market.
Raising Up Front Premiums for borrowers to 2.25%
Slashing Seller Concessions form 6% to 3%
Increase Down Payments on FICO Scores of [...]

FIXED VS. ARM’S? IS IT WORTH IT?

Make no mistake, Adjustable Rate Mortgage yields are at the lowest point in history. A 5 year fixed rate is as low as 3.75% w/out points, or 3.375% with a 1 point buy down. When one compares this to the 4.875% no point fixed rate, it would seem [...]

Buy A Home with the USDA and Make Money Too

What if you could get a guaranteed loan with no money down? Diana O’lick of CNBC reports on how you can use the USDA or United States Department of Agriculture to actually get a guaranteed loan with no money down. Yes Even in this Real Estate Market.
The loans are real the default rates are low, [...]

Dr. David Crow Of The NAHB Explains The Explains the First Time And Repeat Buyer Tax Credit

Dr. David Crow is the Chief Economist at the NAHB or National Home Builders Association. In this video he explains the First Time and Repeat Buyer Tax Credit.
On Nov. 6, 2009 President Obama signed into law new legislation that extends the first-time home buyer tax credit beyond its Nov. 30 deadline and expands it to [...]

Last Night the Senate approved the Extension and Expansion of the First Time Home Buyer Tax Credit. This should be a done deal by Friday, November 6th, 2009. The new bill will allow for the Extension of the First Time Home Buyer Tax Credit through April, 30th, 2010. Also the First Time Home Buyer Tax [...]

Today both The US Secretary Of The Treasury, Tim Geithner, and Secretary of (HUD) Housing and Urban Development Shaun Donovan both called on Congress, the US Senate and the House of Representatives, to Approve Key Housing measures.
Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to [...]

US Senate looking To Revise, Extend, & Expand Home Buyers Tax Credit

Both Top Democrats and Top Republicans are both in favor of extending the First Time Home Buyers Tax Credit. The current Home Buyers Tax Credit is set to expire on November 30th, 2009. However it is unclear as to when Congress would act.
The Senate [...]

Would You Buy An Insurance Policy That Protected You If The Value Of Your Home Declined?

With Home Prices falling throughout the Northern Virginia area, if someone had offered you an insurance policy that insured you in the event that if the price of your home depreciates in value from the time you purchased your Northern Virginia home until the time in which you decide to sell your Northern Virginia home, [...]

Existing Home Sales & The First Time Home Buyer Tax Credit

The debate over Existing Home Sales for September, and The First Time Home Buyers Tax Credit. Diana Olick, & Steve Liesman of CNBC and Steve Ricchiuito, Chief Economist with Mizuho Securities.
Think of it this way if 21% of all Home Sales were from Zero Dollars to $100,000. And another 48% of all Home Sales were [...]

Debate Over The First Time Home Buyer Tax Credit Continues

Erin Burnett, Diana Olick of CNBC discuss extending and expanding the First Time Home Buyers Tax Credit despite nearly half a billion dollars in fraud within the program. Kenneth Rosen of UC Berkeley, and JD Foster of the Heritage Foundation debate the pros and cons of continuing and expanding the First Time Home Buyer Tax [...]

Today the HUD ( Housing & Urban Development ) Secretary Shaun Donovan stated today in a statement before the Senate Banking Committee spoke on the First Time Home Buyer Tax Credit. As everyone knows by now that the tax credit expires on November 30th, 2009. The Obama Administration has not really taken a stand or [...]

Democratic Congressional Leaders are working with the White House to extend an expiring $8,000 tax credit set to expire on November 30th, 2009. There were even talks of making this available to current homeowners as well who purchase a new residence.
Extending and quite possibly expanding the home – buyers credit cold help in continuing to [...]

Take Advantage of The $8,0000 Tax Credit – How It Works

The $8,000 Tax Credit For Buying A New Home in Northern Virginia Expires November 30th, 2009. There is no indication from congress that they plan to extend this great opportunity. Watch this short video about How The Tax Credit Works and whether you qualify or not! Thinking of Buying A Home in Northern Virginia, take [...]

First Time Homebuyer Tax Credit – Do You Qualify?

Attention First Time Home buyers. You have heard of this tax credit and have been sitting on that white picket fence that surrounds your new home. Your debating whether to jump into the Northern Virginia Real Estate Market or not. You have questions regarding the tax credit. Perhaps you have contacted a real estate agent [...]