Mortgage & Finance
Chantilly Real Estate Blog
February 2, 2016
Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.
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Topics: Down Payments, Home Mortgage Tips, Mortgages
January 15, 2016
Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.
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Topics: Mortgage Tips, VA Loans, Video
January 14, 2016
If you’re at the stage in life where home ownership is nearly within your reach, you’re probably wondering whether you should start looking for a home or whether you should just keep renting. So why is paying a high rent a worse option than buying a house and getting a mortgage? Here’s what you need to know.
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Topics: Home Mortgage Tips, Mortgages
January 6, 2016
If you’re in the market for a new home, you’ll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn’t easy. Here are three factors that can influence the likelihood of approval on the second try.
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Topics: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages
December 29, 2015
How does a mortgage pre-approval work, and how can you make sure you won’t be declined when you apply? Here’s what you need to know.
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Topics: Home Mortgage Tips, Mortgage Preapprovals and Credit, Mortgages
December 15, 2015
Refinancing a mortgage is a great way to take advantage of historically low interest rates or change your payment terms to be more affordable. And with interest rates at historical lows, there’s never been a better time to refinance your mortgage.
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Topics: Home Mortgage Tips, Mortgages, refinancing