Homeownership is the American dream. Unfortunately, many families are unable to afford the down payment, closing costs, and related fees without help. The Good Neighbor Next Door program and the Teacher Next Door program are two types of housing programs available for eligible candidates. A first time home buyer program can help people acquire low-interest […]
The Pros and Cons of Buying Before Selling
Many homeowners face a common dilemma when it comes time to find a new home. They want to move but are not sure whether they should sell their existing home first or buy a new home before selling. While there is no right or wrong answer, it is important to be aware of the pros […]
Energy Efficient Mortgages: What Are The Benefits?
An energy efficient mortgage (EEM) is a type of loan that encourages borrowers to reduce their energy expenses by financing the cost of energy-efficient upgrades. Borrowers can apply for an EEM when making a new housing purchase or when refinancing an existing house. Energy efficient mortgages are federally recognized, easy to use, and can be […]
What Types of Collateral Can Be Used For Home Loans?
One of the first things a lender is going to ask you when you apply for a home loan is whether or not you own any collateral. Collateral is property or other assets that you own that you can use to offer the borrower as security for repayment of the loan. Having more collateral can […]
What Is the Good Neighbor Next Door Program?
Purchasing your first home is one of the most exciting times in your life. It can also be one of the most financially-exhausting. Fortunately, inexperienced buyers in Fairfax, VA have access to the First Time Home Buyers Program. This program contains a number of grants and incentives designed to help first time home buyers sail […]
