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low interest rates: So you think you can't buy because the banks aren't lending? - 09/14/10 11:57 AM
Regardless of where I go, I talk to many people, while standing in the line at the local 7-11 to sitting at Starbucks.  If there is a person near me I strike up a conversation.  Generally we talk about real estate,  I am asked the same question over and over again "I can't buy because the banks aren't lending". 
The truth is simple, the banks have to lend, the only real product that the banks have to sell is cash, and they do it by making loans for houses and cars.  As we all know the rules have tightened up, buyers have to … (4 comments)

low interest rates: So you think you can't qualify for a loan? Think again! - 08/18/10 03:33 PM
After the proverbial real estate bubble popped, the fed and the banks restricted loans to such a degree only those with high credit scores could hope to purchase a home.  Things have changed, but it seems that most people are unaware of the changes.  
Currently one of the easiest loans to qualify for are FHA loans require a minimum of a 620 score, less than 5% down ( currently at 3.5% ), steady employment for the last 2 years with equal or increasing pay and the new payment shouldn't exceed 30% of your gross income. 
The FHA has increased two … (0 comments)

 
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Sean Schroeder Virginia Beach Property manager

Virginia Beach, VA

More about me…

Realty Executives

Address: 927 North Battlefield Bld , Chesapeake, VA, 23320

Office Phone: (757) 839-3954

Cell Phone: 75839 395

Email Me

New homes for sale in Virginia Beach, Chesapeake, and Hampton roads as well as local real estate trends. If you have a client how is moving to the Hampton roads area (Virginia Beach, Chesapeake or Norfolk) Please contact me regarding referrals.


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