Northern Virginia Real Estate - Loudoun, Fairfax and Arlington

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Real Estate Agent - Provident Team Real Estate
RECENT BLOG POSTS
Today is Tax Day so here's some IRS-related trivia to share at the water cooler: Did you know... President Lincoln and Congress enacted the first income tax in 1862 to pay Civil War expenses. Did you know... The Civil War income tax was repealed in 1872, revived by Congress in 1894, and ruled unc...
05/24/2008
Getting approved for a conforming home loan just got tougher. Again. As home loan defaults mount, government-sponsored financier Fannie Mae has imposed new guidelines on what it will lend and to whom, highlighting the need for a strong credit profile and a downpayment. Some of the new restrictio...
05/24/2008
Every two years, the Jump$tart Coalition issues a "personal finance" exam to high school seniors. The test highlights the importance of personal financial literacy among America's youth and comes at an especially important juncture. Many experts -- including Fed Chairman Ben Bernanke -- believe ...
05/24/2008
In three weeks, the Federal Open Market Committee will meet again and markets anticipate another cut to the Fed Funds Rate. Based on data compiled by the Federal Reserve Bank of Cleveland at the close of business yesterday, traders put the probabilities of the Fed's next move at: 62 percent chan...
05/24/2008
News sources like to use the term "credit crunch" in describing the U.S. economy, but they rarely define what a credit crunch is and what it means for Americans. A credit crunch is when the amount of available loans suddenly decreases over a very short period of time. Usually, it follows a perio...
05/24/2008
For it's simplicity, comfort, and "green" status, radiant heating is a growing trend in home building. Radiant heating is the process by which a room's temperature is controlled using warm (or cold) water flowing through plastic tubing. The tubes are typically installed under the room's flooring...
05/24/2008
For the third month in a row, the economy shed jobs, suggesting that the U.S. is in a recession. March's monthly loss of 80,000 jobs is the largest since March 2003 and follows January and February's losses of 76,000 each. The weak data is edging mortgage rates lower as we head into the weekend....
05/24/2008
To see which method gives tax filers the "biggest bang for the buck", ABC's Good Morning America recently compared three popular tax preparation services: TurboTax H & R Block Personal accountant In declaring TurboTax the "winner", the 4-minute video glossed over several important tax-related it...
05/24/2008
More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates. The cost of one point is one percent on the loan size and discount points appear on Line 802 of the HUD-1 Settlement Statement. As a general guideline, each point pa...
05/24/2008
FHA stands for Federal Housing Administration, a by-product of the National Housing Act of 1934 and now a sub-group within the U.S. Department of Housing and Urban Development (HUD). The FHA is not a lender nor does it build homes. The FHA exists to insure lenders against loss in the event that ...
05/24/2008
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