First-time homebuyers in Virginia Beach, Norfolk and Chesapeake, often ask me: When is our first mortgage payment due? We heard that you get to skip a month of mortgage payments. Is that true? Yes, you do “skip a month” following your closing date. Let me explain how it works. At the closing table, you don’t Read more about When is the First Mortgage Payment Due?[…]
This week, the VHDA announced great news: a down payment assistance grant. There are limited funds available, and they are distributed on a first come, first serve basis. There is even an end date to the program of June 30, 2015. This is a great program if you’re a first-time homebuyer and need a loan/mortgage in Virginia Read more about First-Time Homebuyers: VHDA’s Down Payment Assistance Grant[…]
These credit improvements will have a positive impact on home buyers, as credit scores and reports weigh heavily on the ability to qualify for a mortgage.
“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[…]
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[…]