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Amazon HQ2 comes to Crystal City DC area…now what?
Crystal City, VA is home to Amazon’s 2nd headquarters (HQ2). If you’re considering a job opportunity to work here, acquiring a mortgage to finance a home nearby may be simpler than you think. Learn more about mortgage options and ways to commute! Closing on a home prior to starting your job: If you have…
Read MoreMortgage insurance is less now
This week, all six mortgage insurance companies that exist in the US either released or announced reductions to their mortgage insurance premiums. (Need to learn more about MI? Click here). I am reflecting back to when I started in this business in 2007. Between 2007 and 2015, mortgage insurance costs hardly moved. When the conforming…
Read MoreRetirement
It is generally possible to utilize funds from a retirement account towards the down payment or closing costs for your home purchase. The rules for tapping into retirement accounts will vary, depending on the type of account(s) you have. I will list the typical rules for each account type, in order of how favorable the…
Read MoreCredit scores
Most home purchasers know that there are three credit bureaus: Experian, Equifax, and Transunion. These bureaus are repositories of information from all participating creditors. Before credit scores existed, credit bureaus collected and provided information about creditworthiness to lenders. The first credit score was created in 1989 by the Fair Isaac Corporation who created the FICO®…
Read MoreDown Payment Assistance
There are down payment assistance and low down payment programs available both nationally and locally. I have written below the descriptions of each program to aid in understanding what is available. During your initial conversation, we will review your financial situation to see what is the best fit for you. For most first time buyers,…
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