This week, The Atlantic published a story called “What It Would Take for Millennials to Become Homeowners.” Part of the solution is down-payment assistance as young people often don’t have enough money in savings. I see the issue time and again with first-time homebuyers in Virginia Beach, Norfolk and Chesapeake. Young people who want to Read more about VHDA: A Great Loan Program for First-Time Homebuyers[…]
I hear the above phrase all the time with clients in Virginia Beach, Norfolk and Chesapeake. Owning a home is a important financial responsibility, and the decision should not be taken lightly. Before you buy, you must consider: – How long do you plan to stay in the area? – Do you have enough money Read more about Mortgage vs Rental Payments[…]
Lenders want to see the borrower has solid history of paying debt on time and in a consistent way. That’s why they refer to a credit report. It is important to note that when buying a home, some banks accept a minimum score of 620 (depending on the loan program). I work with a Read more about Does My Credit Score Impact My Mortgage?[…]
Do you need a loan or mortgage in Virginia Beach, Norfolk or Chesapeake? A first-time homebuyer who want to learn more about how to get a mortgage? Check out the infographic below!
I often hear first-time homebuyers say they don’t think they can afford to buy a home — especially millennials who may have a lot of debt (ex: student loans). If you live in Hampton Roads (Virginia Beach, Norfolk and Chesapeake), you have options to get a mortgage that are easier than you think. You might have Read more about How Much is a Down Payment for a Mortgage?[…]