Archive for the ‘Mortgages’ Category

Some Ideas on NoVA Credit Repair – How to position yourself to buy a home in 2011

August 5, 2010, Posted by The Earl at 12:44 am

Some Ideas on Credit Repair Savings Are you in the market for your first home or condo in Northern Virginia? Is your credit a little shaky, and in need of repair? In these economic times, this is a big issue. Repairing bad credit is possible, so don’t panic too much.  We’re here to help give [...]

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Northern Virginia Purchase Closing Costs – What are they made up of?

August 3, 2010, Posted by The Earl at 8:32 pm

Northern Virginia Purchase Closing Costs – What are they made up of? Real property in most jurisdictions is conveyed from the seller to the buyer through a real estate contract. The Northern Virginia Real Estate Market is no exception to this. The point in time at which the contract is actually executed and the title [...]

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Buying a Home in Chantilly VA – The Importance of Your Credit Report

July 24, 2010, Posted by The Earl at 6:58 pm

Are you in the market to buy a home in Chantilly VA? Maybe you’re looking for condos for sale in Chantilly VA. For whatever reason you are looking to purchase a big ticket item such as a place to live, your credit score is a huge factor in the decision making process. Knowing your credit [...]

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What Type of Mortgage is Best for You when buying in the Reston, Virginia area?

July 21, 2010, Posted by The Earl at 12:34 pm

Are you in the market to purchase a home in Reston, VA or the surrounding areas? There are many important decisions to be made when making this move. One of those is what type of mortgage is best for you. There are many different mortgage options, so this is something that should be well thought [...]

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A Special Thank you to Our Loan Partners – Embrace Home Loans & McLean Mortgage

March 23, 2010, Posted by The Earl at 9:36 pm

Our Reston Virginia Keller Williams Office is blessed to have two very strong Mortgage companies and loan officers affiliated with our office.  They have been with the office for going on 6 months and the energy and expertise that they bring to our office and The Earl of Real Estate Team and our clients is [...]

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More on the New GFE – Thanks to Hal Johnson – Embrace Mortgage

January 13, 2010, Posted by The Earl at 9:42 pm

Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers. The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios. In essence, HUD is [...]

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A GFE that matches the HUD – no longer a fantasy

December 29, 2009, Posted by The Earl at 9:57 am

On Jan. 1 new federal rules adopted by the Department of Housing and Urban Development are scheduled to take effect, covering home real estate and mortgage transactions nationwide. The rules have a blunt message for lenders and others who lowball estimates or lard on junk fees at settlement: Play games like that, and you — [...]

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Forecast for Mortgage Rates heading into 2010

December 27, 2009, Posted by The Earl at 12:56 pm

  Fed debt purchases are helping keep mortgage rates close to record lows, while President Barack Obama’s Nov. 7 extension and expansion of the tax credit through April may provide short-term impetus to sales and construction.   The central bank last week signaled it would keep lending rates low for “an extended period” to foster [...]

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Sale up in November – Highest Level in 3 Years

December 24, 2009, Posted by The Earl at 9:50 am

Sales of existing U.S. homes in November rose to the highest level in almost three years as first-time buyers rushed to take advantage of a government tax credit and lower prices.     Purchases increased 7.4 percent to a 6.54 million annual rate, exceeding the highest estimate of economists surveyed by Bloomberg News, figures from [...]

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