Debt-to-Income ratio is a tool that lenders use to qualify buyers for a mortgage and is an important factor in determining loan approval. It provides an indication of the amount of debt that a potential borrower is obligated to in relation to how much income they have. Total monthly debts are determined by adding the […]
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Buyer’s Closing Costs
Ideally, each party will pay their own closing costs associated with the purchase and the sale of a home, but they can be negotiable based on lender requirements and market conditions. The fees are usually paid at the settlement and will be itemized on the closing statement. Buyers should be aware of them before contracting […]
Where Did the Assumptions Go?
Mortgage assumptions have not been a practical matter for the last 30 years because mortgage rates have been on a steady decline. Even if the seller had a rate lower than the current rate, the new purchaser must qualify to assume the loan. In the case of conventional loans, the lender has the right to […]
Are you Struggling to Sell Your Home in Fairfax County, VA?
After listing your home for sale, if things go perfectly, it will sell fast. You’ll find a few buyers willing to make offers and even start a bidding war. Next thing you know, you’ll be accepting an offer for more than the asking price with a touch of excitement. If this happens, it’s a great […]
Home Inspections
A home inspector is another key professional involved in a real estate transaction. Many times, the sales contract will have a provision that allows the purchaser to have inspections made to discover issues that are not readily apparent or have not been disclosed by the seller. It is important to have a qualified individual perform […]
First Things First
If you are making a particular meal for the first time, it is essential to have a recipe so that it turns out the way it should. Knowing the ingredients and preparation can guide you through the process. Buying a home is really no different than making a new recipe. There are certain things that […]
More Time at Home
We are all spending more time at home and will probably need to continue to do so for a while longer. Depending on the makeup of your family, your home is now a home office, a gym, a virtual classroom and considerably more meals have been prepared in your kitchens in the past six months […]
2020 SANTA SWEEPSTAKE’S TERMS & CONDITIONS
1. Title, Administration & Sponsorship: This contest shall henceforth be known as the “LIST WITH ELIZABETH Santa Sweepstake’s” (hereinafter, the “Sweepstakes”). The administrator of this Sweepstakes shall be, in all instances and regarding all decisions, UNIVERSAL MARKETING, LLC. The sponsor(s) of this Sweepstakes is LIST WITH ELIZABETH®. 2. Eligibility: Only adults 18 years of age […]
