The Virginia Mortgage Insider
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Real Estate Sales Picking Up
There has been a substantial increase in home sale activity in the past thirty days or so as the spring real estate market is heating up. Every day I’m getting calls from homebuyers who want to get pre-qualified for purchasing and home and a good percentage of them are going under contract. I’ve met [...]
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There has been a substantial increase in home sale activity in the past thirty days or so as the spring real estate market is heating up. Every day I’m getting calls from homebuyers who want to get pre-qualified for purchasing and home and a good percentage of them are going under contract. I’ve met [...]
It was announced this week that FHA will have a new premium structure starting April 1, 2012. FHA will increase the monthly Mortgage Insurance premium (MIP) by 0.1% per year. This is increase the annual premium from the current level of 1.15% per year to 1.25% per year. If a home buyer takes out a [...]
There was an article in the Washington Post today by Ken Harney about an issue that all of us in the real estate industry should be cognizant of. You probably are aware of The Mortgage Forgiveness Debt Relief Act that was passed in 2007. This law allows homeowners who have received principal reductions on [...]
I worked as a Realtor for twenty years and as a Mortgage Loan Officer for the past 10 years and I’ve always told everyone to bring a cashier’s check for the funds necessary for closing on their home. Well, things have changed. Over the past year, many banks have been putting holds on cashier’s checks. [...]
It has been my experience that most people think when they see a mortgage interest rate advertised in the newspaper or the Internet that “the rate” they see is “the rate” they would get if applies for that mortgage loan. There is always the possibility that “the rate” is artificially low to make the lender’s [...]
Welcome to The Virginia Mortgage Insider
You'll find current information about home mortgage financing in the greater Charlottesville, Virgina area.
Larry Saunders Mortgage Loan Originator License #MLO-1652VA, NMLS #219732. Mahone Mortgage, LLC. is licensed by the Bureau of Financial institutions, Virginia State Corporation Commission, # MC-5118, NMLS #205539. Equal Housing Lender.
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