Real Estate News
Conversion of principal residence to second home or investment property
Introduction With this Announcement, Fannie Mae is introducing several new and updated policies that pertain to the following topics: Conversion of principal residence to second home or investment property: new requirements for borrowers who are purchasing a new principal residence, and intend to convert their existing principal residence to a second … [Read More...]
Choosing a Real Estate Agent
The sales agent is not always the one with the most sales under his or her belt, or the most years on the job. The agent is one who listens to you, is easy to get along with, and has the tools and skills to address your unique situation. Every home buyer is different. Some have credit issues. Some are buying from out of state. Some need help selling … [Read More...]
Good Faith Estimate contains some ‘quirks’
As of Jan. 1, 2010, the Department of Housing and Urban Development (HUD) required lenders to provide mortgage borrowers with a new three-page Good Faith Estimate (GFE) to protect consumers who are applying for a mortgage. The intent of the GFE is to educate consumers about the key terms and costs of a mortgage, both at origination and ongoing. A … [Read More...]
Fairfax County
When you live in Fairfax County you can see the beginnings of our nation's history in the estates of our founding fathers, attend schools rated among the best in the nation and visit the US Capitol to see our government at work. Add to this list, neighborhoods that provide residents with numerous options to live, work and play and you will quickly figure … [Read More...]
