From my experience, many first time home buyers out there are too unfamiliar with what loan options are available. Looking for a home is the first thing most home buyers tend to do (I’m guilty myself). We do our searches, make a list of the properties we want to see, and then go take a look. Som
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11/10/2007
30-year fixed rate at 5.89%; 10-year Treasury yield at 4.32%Long-term mortgage interest rates were down Friday, and the benchmark 10-year Treasury bond yield dropped to 4.32 percent. The 30-year fixed-rate average dipped to 5.89 percent, and the 15-year fixed rate slipped to 5.51 percent. The 1-y
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11/10/2007
When people call me to apply for a mortgage in Virginia, DC or Maryland, I am amazed how little people know about credit. Since credit determines how much interest will be charged for borrowing the money and how easy it will be to obtain the loan, you would think people would make it their busin
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10/25/2007
Everyone can agree that the weather has been bizarre and unpredictable recently in the DC metropolitan area. With the change in temperature varying so frequently, it is hard to decide whether or not to keep your air conditioning on, windows open, or heat blasting. Winter is right around the corn
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10/23/2007
Last week we talked about getting into your first home and depending on your age and current situation I have outlined several different ways to make this work. 1. Getting a second job: Now this method isn’t for everyone but if you have a strong work ethic and an understanding of the benefits of
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10/16/2007
"Are you kidding me?" These are the words coming from an astonished outraged neighbor. "That's right; I just sifted through the inventory and found the best deal," said the overzealous new homeowner.As everyone knows right now, if you're looking to buy a home, you have as good a chance to find wh
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10/09/2007
If you are a renter wondering when you will ever be able to own a home, I have good news for you, the time is now. Between a large inventory of homes and interest rates still low, you can buy a house you could not afford for the last few years for a reasonable price. If you do your due diligence
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10/09/2007
Foreclosures and Short Sales in Virginia, Maryland and Washington DC have become more prevalent in recent times. As a result of the rise in delinquencies, short sales have become popular as a solution for homeowners who need to get out of homes as trouble-free as possible. A short sale becomes a
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10/02/2007