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How to decide whether to refinance

Reproduced with the permission of Mortgage-X.com It's anyone's guess what interest rates might do in the next 3, 6 or 12 months, but rates continue to be historically…

Nailing down a closing date

As I mentioned a few weeks ago, some sellers think, or assume that the date filled into the contract will be the actual closing date. So, if a seller wants or needs to…

When to buy a loan discount point...

One option you have when obtaining a mortgage is to pay a loan discount point to lower the interest rate on your mortgage. In most cases, a loan discount point will cost…

Comparing Good Faith Estimates (GFE's)

I always encourage my buyer clients to talk with at least two lenders. Different lenders offer different loan programs, closing costs, incentives, and more. Often…

Making sense of turbulent economic times

It can be terrifying to watch the business news these days… Bear Stearns hedge fund collapses. Countrywide is acquired by Bank of America just prior to collapse. The U.S…

Days on Market Record-Breakers

In the last three months, 250 properties have sold in Harrisonburg and Rockingham County. On average, it took 177 days from the time they hit the market to the time they…

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