Homeready is designed to facilate the home buying process. It allows homebuyers to put as low as 3% down to obtain a mortgage compared to 3.5% for FHA. Unlike FHA, Homeready requires a credit score of 620 to be eligible. However, with a score of 680 or above, one might be able to benefit from… Continue Reading
Sold: 2700 Colebrook Dr Temple hills MD
My client to one of my seminar earlier in the year, when se decided to start looking, we had 1 month to find a property as she was to move out and move into her new home within 2 months. I designed an aggressive strategy to help meet the challenge. Within 45 days, she was… Continue Reading
Improving your credit
A credit score plays a big and important role in purchasing a house. in Fact, the credit score will dictate the amount that one qualifies for as well as the interest rate and payments. A Good score will provide for a lower rate which could translate in lower payment and possibly higher approval amount. It… Continue Reading
Home equity loan’s interest deduction
One of the appeals in purchasing a real estate property is the ability to use the equity. In fact, families have been using the equity for expenses such as school tuition, purchasing a second home, home improvement and other expenses. Prior to the change in the tax code, homeowners had the ability to deduct interests… Continue Reading
Home Owners’ Deductions and Tax credit available in DC
The Assessment Cap currently provides that a property may not be taxed on more than a 10 percent increase in the property’s assessed value each year. This credit does not reduce the assessed value of your property on the tax roll or the assessment notice, but it will appear as an automatic credit against your… Continue Reading
Virginia housing programs
Having access to resources to purchase a property can be challenging for most people. Whether it is credit issues or income issues. Each state has programs that allow its residents to partake in homeownership.Today I will provide some info about some of the programs available in VA. Virginia Housing Development Authority Loans This programs offers… Continue Reading
