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Complicated Terms. Simple Definitions- Escrow and Mortgage Payments

Posted on March 6, 2015July 18, 2016 by shikma.rubin@gmail.com

“Portlandia” on the IFC channel is one of my favorite TV shows. The sketch comedy program pokes fun at the lives of millennials in Portland, Oregon. Last week, “Portlandia” was all about buying, selling and renovating houses. One of the best moments from the episode depicted how first-time homebuyers don’t understand the concept of escrow. Click the video below to watch! I often Read more about Complicated Terms. Simple Definitions- Escrow and Mortgage Payments[…]

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VA Loans for First-Time Homebuyers in Virginia

Posted on February 27, 2015March 29, 2015 by shikma.rubin@gmail.com

On Wednesday, February 25, I tuned in for a webinar hosted by Navy Federal Credit Union called “Military, Millennials and Money.” The forum took place at the National Press Club in Washington, DC. As a lender who specializes in home loans for millennials and first-time homebuyers, it’s important I follow national trends and deliver the Read more about VA Loans for First-Time Homebuyers in Virginia[…]

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How to Cancel Mortgage Insurance

Posted on February 20, 2015March 30, 2015 by shikma.rubin@gmail.com

This week, USA TODAY reported many millennials don’t enter the housing market because they’re intimidated by all the confusing terminology. From the article: “After putting away enough savings, the biggest hurdle for Millennial buyers may be the learning curve that comes with understanding the process…” That’s why every week I provide you with mortgage definitions Read more about How to Cancel Mortgage Insurance[…]

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How Much Can a Seller Contribute to Closing Costs

Posted on February 13, 2015March 30, 2015 by shikma.rubin@gmail.com

First-time homebuyers in Virginia Beach, Norfolk, and Chesapeake, often ask me: What’s the maximum amount a seller can contribute to the closing costs? The answer depends on the loan program. The chart below shows the seller contributions for conventional loans based on the down payment. Note: The chart only applies for primary and second homes. More seller Read more about How Much Can a Seller Contribute to Closing Costs[…]

closing costs virginia beach norfolk chesapeake

How Much are Closing Costs

Posted on February 9, 2015March 30, 2015 by shikma.rubin@gmail.com

When you negotiate a contract and decide on a lender, you should always take into account closing costs and pre-paids. Here’s the difference between the two. Below I have pasted a chart for a closing cost estimator. I hope you find the chart useful when you negotiate for your first-time home buyers in Virginia Beach, Norfolk, and Chesapeake. Download the chart Read more about How Much are Closing Costs[…]