mortgage: The Hidden Costs of Owning a Home - 10/01/15 03:37 AM
The Hidden Costs of HomeownershipIf you've never owned your own property before, there are some costs you should prepare yourself for ahead of time. Should you take out a mortgage, you'll have your monthly mortgage payment, but often there are additional costs and fees added that a new homeowner will not expect. Listed below are items you should expect to pay once you become a homeowner.
Property TaxesWhen you rent, you are not responsible for the property taxes on the property. But when you become a homeowner, you're expected to pay yearly property taxes, of which go to public works, wages for … (4 comments)

mortgage: Avoid Financial Pitfalls When Buying A Home In Winchester VA - 01/10/14 01:57 AM
Avoid Financial Pitfalls When you buy a house, you enter into a long-term financial obligation. You fill out papers and sign legal documents based on those papers. It's important that you understand your responsibilities so that you won't be a victim, or a participant, in a fraud.
When you apply for a mortgage loan, every piece of information you submit must be accurate and complete. Anything less is considered loan fraud.
Unfortunately, there are people who may try to convince you to lie about your qualifications so that they can illegally make money at your expense. These people will appear to … (0 comments)

mortgage: How Much Home Can You Afford in Winchester VA? - 01/10/14 12:40 AM
How Much Home Can You Afford? The single most important part of buying a house is figuring out how much you can realistically afford to pay. You'll have to take a good look at your budget, debts, credit reports, and credit score.
Once you have a good picture of your financial status, start saving as much money as you can for a down payment, closing costs and other extra expenses that come along with buying a house. Extra expenses could include paying for a home inspection (around $300 - $500 depending on where you live) or hiring a moving company … (2 comments)

mortgage: Are You Ready to Buy a Home in Winchester VA? - 01/06/14 11:47 PM
Are You Ready to Buy a Home? Knowledge and experience are the keys to successful real estate transactions. The Internet is an enormous library of valuable real estate related information. Doing your research to gather knowledge as well as working with local REALTORS®, whose expertise and experience can interpret and guide you through the information, can be essential to your success in buying a home in #WinchesterVA that is right for you.
Planning is one of the keys to making the home buying process easier and more understandable. With research and planning, you'll be able to anticipate requests from lenders, lawyers … (0 comments)

mortgage: Guide to Buying a New Home in Winchester VA - 12/17/13 01:33 AM

The following tips are good tips on buying a home in #WinchesterVA.
Making the best choices
What do you choose a regular house, a townhouse or a condominium, however in both cases these choices come with advantages and disadvantages attached to them. There will be different levels of security and possible benefits to enjoy, so make your choice wisely and work with your real estate agent to ensure you are making a good choice for your lifestyle and long term goals.  A great article to read when buying a home  by Bill Gassett a Nationally recognized leader in … (0 comments)

mortgage: Planning On Buying A Home? - 12/14/13 12:04 AM

Being prepared to buy a home will put you in a much better position to negotiate and you will be able to take your time when you want to find the right home.  Whether you hope to purchase a home soon or you see it years into the future, it’s a good idea to start planning today. With proper savings and budgeting, you can be well on your way to living in your dream home sooner than later.
6 Reasons  to start planning:
Saving the down payment Repair or preparing your credit Research mortgage options Adjust your budget Get pre-approved … (0 comments)

mortgage: Make Mortgage Preapproval Your First Step - 12/12/13 10:05 PM

A mortgage preapproval should be a homebuyer's first step when purchasing a home. A borrower can choose to meet with a lender or get an initial preapproval via the Internet. The preapproval process is similar to the actual mortgage process and will, in fact, eliminate a lot of time after a home has been chosen.
When obtaining a mortgage preapproval, the borrower will complete a mortgage application and submit the necessary documentation to the lender. The lender will pull a credit report and examine the borrower's credit.
Based on all of this information, the lender will determine the … (0 comments)

mortgage: Factors Affecting Mortgage Interest Rate Changes - 12/04/13 09:39 PM
There's more to the cost of owning that dream home than the price the seller is asking for. The interest rate on your mortgage loan affects the price and how much you'll pay every month to your mortgage company.
Comparing mortgage interest rates is important because they may change daily, and different rates may be associated with different types of loans. With variable-rate or adjustable-rate mortgages, it is understood from the outset that the loan's interest rate will change over time, becoming higher or lower depending on the current economic climate.
Let's look at why mortgage interest rates fluctuate so frequently.

mortgage: How to get prequalified for a mortgage before you buy a house hunt in today's market. - 12/31/08 12:04 AM
One of the keys to making the home buying process easier and more understandable in today's world is planning. This will help anticipate requests from lenders, lawyers and other professionals, and all the foreclosures, buyers will move more easily through the home buying process.
As for closing costs, in today's buyers markets, you can negotiate an offers that requires the owner to pay some or all of the settlement expenses. 
Steps in the Mortgage Loan Process
You walk into the local bank and ask to see a mortgage specialist. Palms sweating, heart leaping – you are about to apply for what may be the largest loan in your … (0 comments)

Beth Paisley Realtor with Long and Foster Webber, Winchester Virginia 540-327-2813 (Long and Foster Webber and Associates,480 W Jubal Early Dr #100, Winchester, VA 22601) Rainmaker large

Beth Paisley Realtor with Long and Foster Webber

Winchester Virginia 540-327-2813

Winchester, VA

More about me…

Long and Foster Webber and Associates,480 W Jubal Early Dr #100, Winchester, VA 22601

Address: Long and Foster Webber, 480 W. Jubal Early Drive, Suite 100, Winchester, VA, 22601

Mobile: (540) 327-2813

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