mortgage: Guidance For Getting To The Closing Table
- 08/11/13 06:56 AM
It is Sunday Afternoon and it’s hard to believe but I actually have a bit of a slowdown today. As a result, I thought I would write something that would be helpful to all present and future buyers of Real Estate.
I am reminded of when three or four buyers (over the past few years) made a serious error in judgement while in a Contract to purchase a house. Because of the error, they sabotaged their Real Estate deal that was nearing completion. You read the previous sentence just right, but let me be even clearer: They lost the house they were … (74 comments)
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mortgage: Get Your Free Credit Score Here
- 05/04/13 07:59 AM
One of the issues I often discuss on this blog is in reference to getting your
Pre-Approval for your next Mortgage.
I've noted recently, in talking with clients who already have their Pre-Approval, that
one reason some of them dragged their feet in this process, is they
feared rejection when asking for a loan. I understand this because I am much
the same way. Who wants to experience rejection? This is why I am always
checking my Credit Score. I want to know where I stand with my Credit.
While there is other criteria involved in securing your next Mortgage, we all … (5 comments)
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mortgage: Some Answers To Your Mortgage Questions
- 04/27/13 06:22 AM
As a Realtor®, I’m often asked Mortgage Questions. For example: “How do I know if I can pay my Mortgage off early?” “What is simple interest?” “How much of my payment is actually going toward paying down what I owe?” The list can certainly go on and on.
Let me clear the air… My first response when asked Mortgage Questions is always: “You need to talk with your Bank or perhaps your Loan Officer.” Why? I am not a Mortgage Professional – I am a Realtor®!
Since you now know that I’m not a Mortgage Professional, let me direct you to a great … (1 comments)
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mortgage: Your Launching Pad To A Successful Home Purchase
- 12/18/12 08:05 AM
The Space Program was in it's infancy during my growing up years. In fact, I remember one of my teachers in Grade School stating, "We will go to the moon someday", and I thought she was a little crazy, perhaps running on a few fries short of a Happy Meal. Well, she turned out to be absolutely right. We did go, walked on the moon and returned. The fact is, our country has enjoyed huge success in traveling through space.As I've pondered our triumphant Space Travel, I've had to ask myself this question: What was the single most important reason for … (8 comments)
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mortgage: A Must Read For Anyone Securing A Mortgage
- 10/31/12 04:04 AM
A Must Read For Anyone Securing A Mortgage.First of all and most important - I am NOT a Mortgage Professional. I am a Realtor®...Having stated the above, I listen intently to Mortgage Professionals and my clients describing what it is like to secure a Mortgage these days. One thing that comes up again and again is in the area of Personal Bank Accounts and deposits. In fact, many clients have expressed their frustration to me and I simply remind them that rules are rules and that their Loan Officer is, in all probability, just doing his/her job.One of our local Mortgage … (4 comments)
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mortgage: First Things First When Purchasing A House
- 09/22/12 09:16 AM
First things First When Purchasing A House:Here is a true and current picture of Real Estate in Northern Virginia.This last few days have been very interesting when it comes to scheduling Home Tours within the Northern Virginia area. While I have several clients I'm working with, two in particular each sent me several listings of homes they would like to tour. When the homes were totaled for both clients, there were 13 that would be toured and they were all showing Active when I received the list. However, by the time we reached the actual day of the tour, 3 days after … (5 comments)
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mortgage: Be Wise When Getting Ready To Pursue Your Next Mortgage
- 03/18/11 07:10 AM
A question I often hear as a Buyer's Agent is, how do I secure a loan (mortgage) in this market? In other words, is it still possible to even get a loan? The answer to the last question is, "Yes". Lenders are still lending, but you need to be prepared!Because I am not in mortgage; I am not a lender; my advice could lead you astray and perhaps even confuse you more. As a result, I’ve chosen this link for you to follow so that you can pick up some excellent counsel on securing your next mortgage. If you follow the … (0 comments)
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mortgage: How Much You Can Borrow For Your Next Mortgage?
- 03/06/11 02:36 AM
I firmly believe, there isn't anything that can take the place of a Mortgage Loan Officer or Consultant when preparing for your next Home Purchase. In fact, I share this truth every day with somebody: "You need your pre-approval, you need to make contact with someone in Mortgage". Furthermore, as a Real Estate Professional, I do not go house shopping with someone who hasn't gotten their pre-approval!If for some reason you are not quite ready to consult with someone about your finances and/or pursue a Mortgage, you might consider going here: How Much Money Can I Borrow For A Mortgage
… (1 comments)
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mortgage: Some Thoughts On Avoiding Credit Card Fees
- 12/20/10 04:34 AM
As a Real Estate Agent, I often hear of people being declined for a Mortgage over debt! There are simply to many bills that prospective buyers haven't managed very well.I just received this link to, 6 Strategies To Help Avoid Credit Card Fees. I hope you will take a moment to read and digest the truths in this writing. It can be one more step taken in preparation for your next home.Finally, always remember that knowledge is power when endeavoring to buy or sell Real Estate. If I can help you in this process, please Write or Phone me.
David L. … (2 comments)
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mortgage: Shopping For A Mortgage
- 12/15/10 12:11 AM
I always urge my clients to consider truly shopping for a Mortgage. Rates, fees can vary and most often do. Interesting enough, many don't do this and as a result they sometimes pay through the nose without even realizing it.
Here is a link, a brand new article to read about a recent survey on this subject. I'm not surprised to see the results: Consumers Comparison Shop For Everything Except Their MortgageFinally, always remember that knowledge is power when endeavoring to buy or sell Real Estate. If I can help you in this process, please Write or Phone me.David L. Burrows, … (3 comments)
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mortgage: Interest Rates Have Been Moving Higher
- 12/10/10 03:55 AM
It is important to note that interest rates have been moving higher. In fact, one of my Mortgage Loan Officers I use, just reminded me of this very important fact: Every time interest rates rise, the amount of home a purchaser can afford goes down. Think about that fact just for a moment as you journey to the two links provided below.
The first link talks about how interest rates are rising and the second will give you today's rate: Bankrate: Mortgage Rates Up and Current Mortgage Rates.Finally, always remember that knowledge is power when endeavoring to buy or sell Real … (0 comments)
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mortgage: Debt, debt and more debt...
- 03/03/08 07:42 AM
As a Real Estate Professional I have heard many individuals lament over the fact that they cannot get financed on a house because of too much debt! In fact, many are surprised when they are turned down. Trust me, the disappointment people face as a result of being too deeply in debt is overwhelming.
I just discovered an interesting article on the internet. It is sponsored by dollar stretcher. It is called, "The Seven Deadly Sins That Lead to Debt". This is worth reading so that hopefully you and others won't go there.
David BurrowsERA Champion Realty, Fairfax, VA 22033Burrows Properties
Credit Tip: Make … (0 comments)
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mortgage: House Hunting Guidance
- 03/02/08 06:28 AM
Be assured that house hunting is truly a challenge. You should also be aware that knowledge can be and often is power throughout the entire process. This writing is specifically for the purpose of giving you basic information. Here are five thoughts to consider: 1. How much house can you afford? It makes no sense to start looking and fall in love with a house until you know what you can spend. For example, you wouldn't go grocery shopping without knowing your budget for groceries. How much you can spend for a house is determined by getting approved for a mortgage. … (0 comments)
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mortgage: Mortgage Advice Worth Considering
- 02/21/08 10:30 PM
We have all been listening to and reading the news lately with serious interest in reference to houses selling and buyers being able to secure a mortgage. While there is no doubt some money has gone away from the mortgage market that use to be there, please know funds are STILL available. In fact, we could talk about FHA and some recent positive changes that will have a good effect on our area market as well as the VA that is loaning money to qualified veterans. In fact, banks are still lending at very low rates.
So how do I secure a … (0 comments)
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mortgage: Read This If You Are Endeavoring To Time the Real Estate Market
- 02/20/08 08:15 AM
Many prospective home buyers are trying to decide when is the best time to buy? As a Realtor®, I know this is a good question to consider. On the other hand, don't be guilty of waiting too long. Here is an interesting article just appearing in Time Magazine. Reading this might just save you many dollars and a lot of frustration. The article: IGNORE THE HEADLINES, by Dan Kadlec.
Remember, I am not trying to tell you when to buy, but I do want to urge you to study the subject. Only you can know when the time is right for … (0 comments)
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mortgage: How Interest Rates Could Influence Your Next Home Purchase
- 02/13/08 07:23 AM
While managing a Real Estate office I watched one of our agents work with some clients who wanted to buy a house and had gotten their pre-approval for a loan. The realtor's assumption was this couple, with that approval were actually ready to make the purchase. His clients continued to look for a house but unfortunately were taking longer than what the agent thought they would take. The clients were first time home buyers, purchasing an entry level house, which was really all that they could afford and in fact, barely qualified for the mortgage. Here is the kicker and something … (0 comments)
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mortgage: Tougher Financial Times Require Smarter Financial Decisions
- 02/08/08 10:17 PM
Many homeowners and families around our area and the entire country are experiencing financial issues and concerns. Then we could talk about the Stock Market, Paying Your Mortgage, the possible Recession and more. The question becomes: So what are some smart money moves that I can make during these challenging economic times?
Here are some ways to prepare your finances so that you will maintain your credit, make sure you don't over extend and if you already have, some suggestions to help you come back to financial reality. 15 money moves for tough times is an article I just came across that … (0 comments)
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mortgage: Bi-Weekly Mortgage: Something to CAREFULLY Consider?
- 01/21/08 09:39 AM
My mailbox has been hit lately with all kinds of ads for a Biweekly Mortgage Program. Because I haven't spent that much time as a Realtor studying this particular issue, I decided to investigate and see if this is really a good deal or perhaps a lot of hype about nothing. In my investigation I came across this article that I would urge you to read before you spend the money for a Biweekly Mortgage program. Here is the writing I'm talking about: Biweekly Mortgage Payment Programs.... Again, please take a moment to read this and then you decide what is … (0 comments)
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mortgage: Gaining A Better Understanding Of Your Mortgage
- 01/16/08 11:22 PM
Many people are currently perplexed in the Fairfax Real Estate market about what to do with their Mortgage. We hear so much about Arm's, Interest Rates and how many people are simply having difficulty paying their Mortgage. Here is an article titled: Best Mortgage Moves to Make in 2008 -- What to do about your loan in the year ahead. This writing is fresh off the press and will inform you about Arm's, your Down Payment and many other areas in reference to owning your home. Enjoy the reading.
A Free Gift For You Today:Today, while on my website, download my free gift … (0 comments)
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mortgage: Help For Improving Your Credit
- 01/13/08 03:56 AM
What do you know about your credit and most of all, do you know how to improve it? Here are some thoughts that will definitely propel you forward in a positive way toward improving your credit rating and assisting you when it is time to buy that house or car you've always dreamed about. 1. Order your credit reports and scores You should know what the top three credit bureaus -- Equifax, Trans Union and Experian -- are saying about you. Your really don't have to wait until you hear your Loan Officer say, "I'm sorry, it is your credit, you … (0 comments)
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It is Sunday Afternoon and it’s hard to believe but I actually have a bit of a slowdown today. As a result, I thought I would write something that would be helpful to all present and future buyers of Real Estate.
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