This post includes a pretty good video done by Quicken Loans that gives an overview of the appraisal process. If you are a first time home buyer this is a good video to watch that may answer some questions you could have about appraisals. While the video is done for a national lender, the issues […]
One of the things that we have realized over the years that all buyers have in common, is the desire to find a great deal on a home. That’s common sense. However, there are many different approaches to find that “great deal.” One such approach is to watch the market for a home where the […]
I recently learned that every 20 seconds in the U.S. a foreclosure notice is being delivered! Every 20 seconds! Then the devastation that is felt by the family and the community begins all over again. Homes are lost, families suffer, and in some cases lives are virtually destroyed. At this point, unfortunately for many homeowners, […]
Banks and the Obama administration are both pushing for larger down payments on conventional home mortgages. This is driving more and more potential buyers either out of the running to buy a home or to alternative loan programs like FHA loans, USDA loans, and VHDA loans. The article linked below states that nationally last year […]
Mortgage Rates 30 Year Fixed Rates: 4.875% – APR: 5.045% – Points: 1.125% 15 Year Fixed Rates: 4.125% – APR: 4.529% – Points: 1.875% 5 Year Arm Rates: 3.375% – APR: 3.377% – Points: 1.250% Source: Bank of America Home Loans
Our real estate photo of the week comes from our Foreclosure Follies files, found while recently touring a bank owned property in the Fredericksburg real estate market. Walking through the basement of this property, I noticed that from the hallway to the recreation room, there was a significant drop in the level of the floor. […]
A personal post this morning. This is the September 12, 1985 edition of The Cincinnati Enquirer. On September 12, 1985 I was in the Marine Corps, stationed in Okinawa Japan. My grandparents knew that all of my young life I was a HUGE Pete Rose fan. When I returned home from Okinawa in June 1986, […]
Actual Cash Value – Insurance that reimburses you for the replacement value of the insured items minus depreciation. Amortization – The gradual repayment of a mortgage by installments. The installments are calculated so the obligation will be paid off by the end of the fixed period. Annual Percentage Rate (APR) – The total cost of […]
When we are showing buyer’s homes here in the Fredericksburg real estate market, I can usually tell when we are in a home of serious consideration. They start talking about where their furniture will go, improvements they would make, and they usually ask me a question. That question is “How much is this home worth?” […]
Being a Realtor who often has a camera or video camera in hand as I examine properties, I found this video interesting. The Realtor is making cracks about the pool being dirty and then….
