Mortgage Tips
Chantilly Real Estate Blog
September 27, 2016
If you’re worried about your bad credit, you’ll want to do everything in your power to improve your rating as quickly as possible – especially if you are looking to purchase a home in the near future. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you’re after.
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Topics: Mortgage Tips
August 22, 2016
Last week’s economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.
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Topics: Mortgage Tips
May 30, 2016
If you’re planning to get a mortgage, it’s critical that you know your rights under the law. The Truth in Lending Act (TILA) is a piece of federal legislation that governs how mortgage lenders can and cannot operate their businesses.
So how does the Truth in Lending Act protect you, and what are your rights under this legislation? Here’s what you need to know.
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Topics: Home Buyer Tips, home buying in Chantilly VA, homes in Chantilly VA, Mortgage Tips, The Truth In Lending Act
March 23, 2016
When it comes to finding the best mortgage, your credit score is a major determinant as to the kinds of rates and conditions you can get. Lenders quite understandably want to manage their risk. But for a number of potential homeowners, these practices and policies can be a barrier to home ownership.
The good news? If your credit score isn’t great, you can easily improve it and get better lending terms. Here are five steps you can take right now to give your credit a boost.
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Topics: Credit Score, Home Mortgage Tips, Mortgage Tips
March 9, 2016
So you’ve been pre-approved for a mortgage – great! You’ve taken the first step toward becoming a homeowner. But before you start picking out china patterns, you’ll want to keep in mind that a pre-approval isn’t the same thing as a mortgage agreement. There’s still no guarantee that you’ll actually get a mortgage.
But why would a lender deny a mortgage after pre-approving a borrower? Here’s what you need to know.
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Topics: Home Buyer Tips, Mortgage Approval Issues, Mortgage Tips
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