Ready or not, the millennials are coming. Actually, they’re already here. As America’s largest generation at nearly 80 million strong, Gen Y is poised to dominate the housing market over the next decade-plus. How do real estate professionals find success with millennials? I hope the 15-point list in my ebook provides many of the answers you Read more about Download My Ebook on First-Time Homebuyers and Mortgages[…]
No matter the loan program you choose, you need to show the lender these documents or pieces of information. *Please note this list may not cover every document throughout the loan process, but it’s a great starting point.* Name, address and phone number of your current landlord (if you rent). Most recent mortgage statement (if you own). Copies of your W2 for 2013, Read more about Save This Checklist of Documents You Need to Buy a Home[…]
Condos have their own set of regulations because lenders view them as a higher risk. Why? As an owner, you rely on other unit owners to maintain their places and pay condo association fees.If you plan to finance a condo and need a loan in Hampton Roads (like Virginia Beach or Norfolk) you need to know Read more about What You Need to Know About Condos[…]
Every time I receive the value of a property from the appraiser, I hold my breath. The result determines not only the value of the loan but also if the home has any issues/needs repairs before closing. Basically, the appraisal is a big deal. That goes for home in Virginia Beach, Norfolk, Chesapeake and all Read more about First-Time Hombuyers: What You Need to Know About Appraisals[…]
As we enter the holiday season in Hampton Roads, it’s common for people to seek out seasonal employment and second jobs. According to Bloomberg News, “about 821,000 workers will be hired for retail seasonal jobs this year, up 11 percent from a year ago.”But what does seasonal employment mean for people who apply for a mortgage? To Read more about Seasonal Employment, Mortgages and Buying a Home in Virginia[…]