Friendship Heights (Washington, DC)
Friendship Heights (Washington, DC) Real Estate News
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Borders is closing. And how does this relate to real estate brokerages?
Patricia Kennedy (Evers & Company Realtors)

I love book stores, and Borders has been about the biggest book store in this area.  And back when Borders and Barnes and Nobles opened, a lot of people wondered if this was the death knell to the smaller, locally owned book sellers, like Politics and Prose, Olssen's and Kramerbooks. 

And while Politics and Prose, Olssen's and Kramerbooks are still around, Borders is closing it's doors.  In fact, the Friendship Heights store locked up a few months ago.

At the same time the big book stores looked ready to take over in their market places, a lot of real estate "experts" were saying that the future of real estate brokerages probably would see the demise of the locally-owned independents, sort of the real estate equivalent of Politics and Prose. 

But is bigger better, either in book stores or real estate brokerages?  For some readers and real estate agents it might well be.  For others not.

Three of the independents that used to work for were gobbled up by much larger fish, and most of the agents left to work for, um, other smaller, locally-owned independents.

So for me, small, locally owned book stores and small, locally owned brokerages work really well. 

And in real estate, agents have an almost endless choice of business models when they look for a company where they can thrive. 

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Robross
An overview of the loan process - The Ross Group & Potomac Mortgage
Rob Ross, Rob Ross NMLS#189110 (Potomac Mortgage Group, INC)

An overview of the loan process

Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do is most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, saving money, or making plans for your home equity line of credit.

There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? The first part you can get a rough idea of by using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score. When we review all this information we give you a Pre-Qualification Letter. Handle it with care -- to a home seller, it's like a suitcase full of cash! Your realty agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.
Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here at our website. When the time is right, we'll order an appraisal of your new home.
Step four: your loan is funded
Your realty agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office. 
You've answered a few questions, given us some detailed information, applied online, and next thing you know, you're moving in! We're in the business of mortgage loans -- so we do most of the work.Doesn't that make sense?		  

 

          

 
Potomac Mortgage Group, LLC
rross@potomacmortgagegroup.com
www.ApplyWithRobRoss.com

571-266-6503 - Work
703-568-3749 - Cell
NMLS License #189110

 

Robross
Construction Loans are Funny? Watch This!
Rob Ross, Rob Ross NMLS#189110 (Potomac Mortgage Group, INC)

Construction Loans are Funny? Watch This! The Ross Group & Potomac Mortgage

Watch Video

Hello All,

I hope your day is goign great!  We do constructions

loans and we do them well.  Check out this weeks

video and call me directly with any questions.

 

The Ross Group

Rob & Jaime

www.DCmortgageSource.com

www.FHA-Experts.com

 

          

 
Potomac Mortgage Group, LLC
rross@potomacmortgagegroup.com
www.ApplyWithRobRoss.com

571-266-6503 - Work
703-568-3749 - Cell
NMLS License #189110

 

Robross
Milli Vanilli & Active Rain.....Realtor Tip!
Rob Ross, Rob Ross NMLS#189110 (Potomac Mortgage Group, INC)

Active Rain & Milli Vanilli.....Realtor Tip! The Ross Group & Potomac Mortgage

Watch Video

Fello Active Rainers,

I hope your having a great day and enjoy the Active

Rain video that I have posted above.  Feel free to

subscribe to my FREE weekly video.  I give great tips

and downloads every week.  You can also BLOG

below my video which is much appreciated.  Re-Blog

this as much as you can for it is a good tool to get

others to join us "in the rain".

Rob from Reston


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The Ross Group
Potomac Mortgage Group, LLC
rross@potomacmortgagegroup.com
www.ApplyWithRobRoss.com
571-266-6503 - Work
703-568-3749 - Cell
License #189110
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Potomac Mortgage Group, LLC
rross@potomacmortgagegroup.com
www.ApplyWithRobRoss.com

571-266-6503 - Work
703-568-3749 - Cell
NMLS License #189110

 

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