1. What Does Fair Isaac’s New Credit Score Model Mean to Mortgage Applicants?

    Fair Isaac Corp (FICO) , the company that calculates the country’s most widely used credit score, recently announced that it will recalibrate its scoring system, including giving less weight to medical related debt. It will also stop including records of failures to pay bills if the consumer has settled with a collections agency or paid the debt.


  2. What should you expect from your agent, and what will your agent expect from you?

      Areas to Establish Expectations:   1. Communication What you should expect: Your agent is working for you meaning you can expect quick response times when requesting his/her attention. However, your agent may have a handful of clients he/she is working with simultaneously, so be realistic. What your agent will expect: Your agent will expect […]


  3. Three Great Reasons to Get Pre-Approved Before You Begin Looking for Your Next Home

    It’s important to understand the difference between a pre-qualification and a pre-approval. These terms are often used interchangeably, but getting pre-approved is a much more rigorous process than getting pre-qualified.


  4. What You Need to Know about the Home Inspection Process

    Important facts to know about home inspectors include:
    • The buyer decides whether or not to get a home inspection.
    • Not all inspectors are created equal.
    • Inspectors get business from real estate agents.


  5. Preparing for Divorce….What Will Happen to Your Mortgage?

    If you’re thinking about divorce or in the early stages of a separation, it’s important to figure out what will happen to your home – especially if there’s a mortgage on it.  Usually both spouses are co-owners of their property and both are on the mortgage.  To keep the home, you will need to refinance […]


  6. Help for Underwater Homeowners via HARP

    As home values continue to rise in most markets, an estimated 9.3 million homes remain “deeply underwater”, according to RealtyTrac.  These are situations where property values are at least 25% lower than the outstanding mortgage debt on the property.  If your home falls into this category, and you could benefit from refinancing with current interest […]


  7. FHA Loans vs. Conventional Mortgages

    The Federal Housing Adminstration (FHA) is the largest insurer of low downpayment home loans and, during the dark days of the mortgage industry meltdown,  experienced a meteoric rise in popularity.  Now that the market has settled back down, how do you know if an FHA loan is the best option for you?  Unfortunately, the mortgage insurance […]


  8. Flood insurance rates in Virginia will rise

    For many years, the government has offered subsidized flood insurance on homes and business constructed before rules existed about building close to the water.  However, premiums collected from homeowners have not been sufficient to cover the losses, leaving the taxpayers holding the bag.  On Friday, President Obama signed legislation that will cause premiums to begin to […]


  9. The Pros And Cons Of Using A Realtor VS For Sale By Owner

    When it comes to selling a piece of property, owners are usually not aware of the pros and cons of using a realtor vs for sale by owner. Below are some of the pros and cons of using a Realtor vs selling a home on their own. The Pros One of the best things about […]


  10. Should I Refinance My Mortgage If I Plan On Selling?

    If you have made the decision to sell your home, you know how hard it can be. Saying goodbye to a home full of memories and closing that chapter of your life can emotionally taxing and extremely difficult. Once you have come to the decision to sell, the process is only just beginning. Finding a […]