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?[…]
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[…]
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[…]
From sun up to sundown, Millennials are connected, in touch and plugged in. They can respond via text throughout the day and appreciate updates on the loan process, no matter how minor they may be. I see it all the time with first-time homebuyers in Virginia Beach, Norfolk and Chesapeake. Here’s the deal: If Millennials don’t Read more about Millennials Need Constant Communication Throughout the Homebuying Process[…]
I know it’s easy to think Millennials only care about text messages and emails. And while it’s true they prefer to communicate back-and-forth electronically, a hand-written note goes a LONG way. With my own first-time homebuyer clients in Virginia Beach, Norfolk and Chesapeake, I see the power of a hand-written thank you note. After a 20-something Read more about First-Time Homebuyers Appreciate Hand-Written Notes[…]