When considering the out-of-pocket expenses needed to purchase a home, a common misconception is that you will only need to cover the down payment. Many homebuyers find at the end of the home buying process that they did not account…
As you work your way through the home buying process, you’ll begin to realize that mortgage lenders typically have a set of requirements in order to qualify you for a home loan. These might include having a steady income, at…
Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits. The changes will take effect with new applications beginning September 5, 2019. Thanks to the increased limits, more first-time…
Who Qualifies for a VHDA Loan? Purchasing a home is a big life achievement for many people. That’s because it takes plenty of time and saving to be able to afford a down payment. Luckily, there are plenty of government…
Being told that your mortgage was declined can leave you feeling disheartened. While it may be frustrating, it can be an important learning experience for you as a homebuyer. Mortgages can be declined for a number of reasons, but once…
Before beginning the home search, talking with a lender is a crucial move. Not only will you know the exact amount of home you can afford, but you’ll also have all your necessary documents in order, which gives you an…
As a homeowner, the idea of moving from your current home to a new home can seem like a headache. How do you handle a new mortgage, when you still are paying your current mortgage? So what happens when you’ve…
Receiving a check from the IRS is exciting – but making the decision on what to actually do with the extra money in your pocket can be difficult. You worked hard for your tax refund, so now it’s your refund’s…
Despite being able to afford the monthly mortgage payments, occasionally potential buyers avoid a home purchase because they lack the funds for a down payment. Many home buyers struggle scrapping up money for a down payment – which is why…
What is a Home Inspection? Buying a home is typically one of the biggest investments a person will make in their life, which is why a home inspection can be a crucial element of most home purchases. A home inspection…
