When to start working on securing your mortgage financing
Here are the three sequences I see buyers follow most frequently.... As Late As Possible Guess at what you can buy using online mortgage calculators. Start viewing…
Mortgage Interest Rates Stay Reasonable at 4 Percent
OK, so, admittedly, mortgage interest rates were compellingly low last year -- at around 3.5% for much of the year. However, at their current levels of 4%, that is still…
Looking Closer at Investing
Yesterday, I was commenting on the market demand for well maintained rental properties for non-students in the City of Harrisonburg. I had pitched these general…
Attention investors, rentals are scarce, can you help out?
The townhouse shown above recently became available for rent -- and within days there were 30+ inquiries, multiple applications, and the tenants have already moved in…
Lock Your Mortgage Interest Rate NOW
What??? Average mortgage interest rates (on a 30 year fixed rate mortgage) are back below 4% again. I truly did not think we'd see that this year -- or possibly ever. It…
Mortgage Interest Rates Drop (a bit) to Close Out March 2017
Mortgage interest rates ticked back downwards a bit yesterday to finish out the month of March at 4.14%. If we can keep going through 2017 between 4% and 4.25%, I'd be…
If you will be both selling and then buying, how will your mortgage payment change?
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you’ll sell for your closing costs when selling your mortgage payoff…
Predicting Home Values Based On Purchase Date
The chart above is calculated based on comparing the 2016 median sales price to the median sales price in each of the prior 15 years. Several key points to take away from…
Most contracts will have to clear these three hurdles
While every home sale is different -- with unique contingencies based on the needs and situations of the buyer and seller -- there are three main hurdles that most buyers…
Maybe interest rates will stay below 4.25% after all
Well, things weren't looking so good for a while there. Just after the election interest rates shot up from 3.6% (+/-) all the way up to 4.3% (+/-). In that moment, it…
How to buy a foreclosure in Harrisonburg or Rockingham County
With some regularity, I am asked by potential purchasers how they would go about buying a foreclosure. First, here is a list of upcoming foreclosure sales, but more…
Mortgage Interest Rates On The Rise, Still, Further, Higher
Well, it seems the mortgage interest rates might really, finally, be on the rise -- for good. Over the past several years there were several times when I thought they…