For a short time after the housing crisis a decade ago, some homeowners thought the value of home is a place to live rather than an investment. A home certainly has an appeal as a place to call your own, raise your family, share with your friends and feel safe and secure. It can be […]
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LIST WITH ELIZABETH® Funds the Fairfax City Day Work Program
LIST WITH ELIZABETH® makes donation to The Lamb Center – Fairfax City, Day Work Program funded through end of fiscal year. The entire LIST WITH ELIZABETH® team recently visited and took a tour of The Lamb Center in Fairfax, VA, a Christian non-profit homeless day center located within the City of Fairfax, that helps feed, […]
Is a 15 Year Term Mortgage Better? Depends On If You Can Afford It
Affordability, stability and flexibility are the three reasons homebuyers overwhelmingly choose a 30-year term. The payments are lower, easier to qualify for the mortgage and they can always make additional principal contributions. However, for those who can afford a higher payment and commit to the 15-year term, there are three additional reasons: lower mortgage interest […]
When It’s Important…Find the Facts
Most parents don’t put a lot of credence in the statements “Everyone is doing it” and “No one does that anymore.” They’ll dig a little deeper and get the facts of the situation. Interestingly, when it comes to buying a home, similar common myths continue to prevail surrounding what it takes to buy a home. […]
Is a Home Equity Loan an Option?
Here’s the scenario: you have a project and need to borrow some money, but you want to do it in the most economic manner. You’ve got a low rate on your existing first mortgage and don’t want to do a cash-out refinance and pay a higher rate. Is a home equity loan an option? Prior […]
Taking Home Inventory
Generally speaking, when you need an inventory of your personal belongings, it is too late to make one. Sure, you can reconstruct it but undoubtedly, you’ll forget things and that can cost you money when filing your insurance claim. Most homeowner’s policies have a certain amount of coverage for personal items that can be 40-60% […]
Eliminate FHA Mortgage Insurance
Mortgage insurance premium can add almost $200 to the payment on a $265,000 FHA mortgage. The decision to get an FHA loan may have been the lower down payment requirement or the lower credit score levels, but now that you have the loan, is it possible to eliminate it? Mortgage Insurance Premium protects lenders in […]
Year End Tax Newsletter
One of the first steps in a good outcome is knowing a little bit about what you’re about to undertake. By being aware of some of the areas regarding homes that may not come up every year in a tax return, you’ll be able to point them out to your tax professional or seek more […]
