Tag Archives: mortgage
Don’t Wait for Prices to Fall
The biggest issue that I run into with my clients is the fear of overpaying for a property. They are worried about bidding wars and ending up not getting as good a deal as they thought. The truth is in Northern Virginia, homes are priced way under the market value because of all the foreclosure [...]
Full StoryLoan Modifications Revisited by Treasury
Some good news for those of you that haven’t already decided to abandon your mortgage. On Tuesday, the Treasury Department met and put the pressure on 25 mortgage companies to step it up and work harder to modify more loans for those borrowers that are in trouble.
The meeting came about from the worry that the [...]
Loan Shopping – 5 Tips for Home Buyers
Getting a great rate is sometimes all about luck. It happens when preparation meets opportunity. Some home buyers are wondering if they should have held out to get that lower rate. Don’t beat yourself up over a 1/4 point. Predicting interest rates is like predicting who is going to win the Superbowl in April. Frankly, [...]
Full StoryLenders Don’t Like Modifications
The big foreclosure prevention effort by The Obama administration is not looking on the bright side. The $75 billion that was set aside to help borrowers get back on their feet is not as sweet as it sounds because mortgage lenders do not see any profit from the modified loans. This will ultimately lead to [...]
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