Buyers Financing

Real Estate Financing

Many real estate investors who are purchasing a home for the first time have no idea exactly how to figure out how much house is enough, and how much is too much. There are some key points to take into consideration when purchasing a home. The first time investor will need to examine their budgets, their finances and the potential real estate assets closely in order to be able to make an informed investment decision...MORE

How Financing Affects the Real Estate Market

Financing is a key factor in real estate investments. Mortgage rates, prime interest rates and other factors regarding the mortgage or home loan will all help to decide whether or not the potential real estate investor is capable of obtaining a property, whether for their primary residence or as a rental investment. All of these investment variables are directly related to financing...MORE

Factors that Determine Loan Approval

A FICO score is a credit score developed by Fair Isaac & Company to help lenders determine the risk involved in lending money to any person applying for a loan. It is widely accepted by lenders as one of the most important components helping determine eligibility as well as specific amounts, rates and terms that can be offered. FICO scores range from 300-850. The higher your score, the less risk involved in lending to you...MORE

Financing for First Time Buyers

Many people use real estate investments as a means to generate income and provide a viable tax shelter while still providing financial benefits to the investor. The first time home purchaser is more likely to be buying a new house for a primary residence rather than for a real estate investment and if a first time buyer closes on a home prior to July 1, 2009 they maybe eligible for a substantial tax credit! While the primary residence is still a major investment in real property, the start to finish method is a little different than it is for the investor...MORE

Financing for Energy Efficient ("Green") Homes or Improvements

Energy-efficient mortgages are one of the most beneficial and under-utilized programs the consumer can find and capitalize upon in today's real estate market. An energy-efficient mortgage can add an additional 15% of a home's appraised value to the principal of a new loan or a refinance, often at no additional cost, no compromise in the loan-to-value ratio for the borrower, and sometimes at a better rate. Yes, one pays a bit more in principal and interest, at today's rates, roughly $30-50 dollars per month, over the course of the loan. However, when this extra principal is used to install energy efficiency measures, it is not uncommon for the property owner to realize $75-100 per month in energy cost savings. When working with a lender who offers and understands the energy-efficient mortgage programs available, the steps for the borrower are very straightforward...MORE

Getting Pre-Approved

Getting pre-approval from a bank or other financial institution is imperative before beginning the search for a home or property in the Fredericksburg area.....MORE

Mortgage Calculators

Find out how much your mortgage is going to be a month or every two weeks. Also find out how much you will need to put as a down payment...MORE