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March 2008 - Posts

Tuesday, March 25, 2008 11:44 AM

Not all Condominiums are FHA Approved or Approvable!

Many of you might be thinking of purchasing a condominium which fit into the FHA mold (great for 1st time buyers / priced under 440K) and need the FHA program - (down payments < 5% or 10%, marginal credit) It is very important that you find out if
Posted by Ritu Desai | 0 Comments
Monday, March 17, 2008 9:26 PM

Renting Better Than a Vacant Home

If a house doesn’t sell, owners should consider renting – and hiring a real estate professional to manage the property. Property management company will screen your tenants and you do have a final approval about your tenant. Renting out a
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Wednesday, March 12, 2008 1:30 PM

5 Most Dangerous Hazards in a Home

Home owners beware: Several dangers may lurk in a home. If you’re not careful, they could make you sick. Pillar to Post, a home inspection company, reviews how to spot these dangers in the home and encourages you to contact a home inspector if your
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Monday, March 10, 2008 8:13 AM

New Appraisal Rules for Freddie, Fannie

Fannie Mae and Freddie Mac have reached an agreement with New York Attorney General Andrew Cuomo that requires them to have independent appraisals of home values. Under the agreement, home appraisals have to come from assessors who don’t have formal
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Thursday, March 06, 2008 10:06 PM

Northern Virginia New Conforming/FHA Loan Limits

Yes another great news!!! Fannie Mae, Freddie Mac and FHA have all adopted these new maximum loan limitations. If you have limited equity or a jumbo loan, refinance now and save thousands of dollars! If you are purchasing a property over $417,000, this
Posted by Ritu Desai | 0 Comments
Thursday, March 06, 2008 1:16 PM

New FHA Loan Limits!!!!

HUD and FHA announced their new max loan limits this morning (March 6th 2008). In almost all of the Washington Metro area our new loan limit is $729,750 (up from $362,250). This is our max FHA loan limit and is good through the end of 2008 when Congress
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Monday, March 03, 2008 3:03 PM

Grantor's Tax - Update on Refunds

Given the Virginia Supreme Court’s finding that the Northern Virginia Transportation Authority (NVTA) cannot impose taxes, we will all be receiving questions about the additional grantor's taxes that have been paid to the Authority. Northern
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