Financing a Home
713 S. Lee Street Listing
May 14, 2012 by Jeff Thomas · Leave a Comment
Click here to learn more about this property: 713 S Lee Street Old - Town Alexandria Kristie Zimmerman
What’s Labor Got to Do with It?
February 14, 2012 by Jeff Thomas · Leave a Comment
The Impact of the Job Market on the Housing Market Being unemployed, under-employed, or afraid of losing a job is never easy. One of the first things many people do in these situations is batten down the hatches and minimize their spending. Certainly, the last thing on their minds is making a major purchase like [...]
2012 Is Here
January 6, 2012 by Jeff Thomas · Leave a Comment
Forecasting What May Be Ahead for Home Loan Rates Fairfax, VA – The good news–despite what the Mayan calendar may say–is that the world probably won’t be coming to an end in 2012. But like 2011, this coming year may bring some significant challenges here in the US and around the world. Read on to [...]
New FHA Flipping Regulations
December 27, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA – FHA lenders had reason for cheer and mirth at the end of last week. “In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting FHA Commissioner Carol Galante will extend FHA’s temporary waiver of the anti-flipping regulations.” With certain exceptions, FHA regulations prohibit insuring a [...]
The Scoop on Inflation And Its Impact on Home Loan Rates
November 4, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA CPI, PPI, PCE…sounds like a nice bowl of alphabet soup. But did you know that what lies behind these letters impacts not only YOU every single day…it also bears a very heavy influence on the direction of home loan rates? So pull up a chair, grab a spoon, and let’s dig in to [...]
What happens to my loan if the government shuts down?
July 19, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA – When was the last government shutdown? 1995 was the year. What happened? It was very painful to get through, but no one panicked. And we shouldn’t panic this time. I can assure you 1st Commonwealth Bank of Virginia has prepared all of the loans in our pipeline and we preparing for a [...]
When the property is an FHA “flip”
July 19, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA – When the property in question is an FHA flip. Seller has been on title for less than 90 days. If the sales price is 20% or more above seller’s acquisition cost and the increase in value is due to improvements/renovation to the property: 1. The appraiser is required to verify the repairs [...]
I’ve Got 4 Key Questions about Your Home Loan Situation
June 13, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA – The start of summer is nearly here, which means things like baseball, hotdogs, and apple pie are on our minds. But that’s not all the arrival of summer means: 2011 is almost halfway over. That makes now the perfect time of year to make sure your home loan is working for you. [...]
It’s a Small World After All
March 7, 2011 by Jeff Thomas · Leave a Comment
Globalization’s Impact on Home Loan Rates Fairfax, VA – Today we live in a global economy, an interconnected world where goods and capital move freely at lightning speed across countries. The widely accepted view is that globalization not only benefits all countries across the world but lends itself towards the betterment of the economy as [...]
More FHA Changes Are On The Way!
February 16, 2011 by Jeff Thomas · Leave a Comment
FHA Refinance Changes Fairfax, Virginia: With Mortgagee Letter 11-11, FHA announces changes to refinance transactions. This ML provides guidance on the changes as well as clarification on existing refinance guides and it will be worthwhile to read this ML in its entirety as a refresher. Here are the 8 things you need to know about [...]
What Should You Expect in 2011, Part 2
February 5, 2011 by Jeff Thomas · Leave a Comment
Fairfax, VA – Forecasts for Inflation, the Housing Market, and Home Loan Rates What’s ahead for inflation, the housing market, and home loan rates this year? Read on to find out. Inflation One of the major topics that we need to watch in the coming months is inflation. The Fed and the markets keep a [...]
Google Drops Real Estate Listings
January 28, 2011 by Jeff Thomas · Leave a Comment
Google doesn’t give up on much. But it did with this product. http://www.inman.com/news/2011/01/26/google-drops-real-estate-listings
What Should You Expect in 2011, Part 1
January 10, 2011 by Jeff Thomas · Leave a Comment
Forecasts for the Economy and Employment – Their Impact on the Housing Market Fairfax, VA – The economy and housing markets have seen some rough times the last couple of years. But the good news is last year we saw some stabilization in 2010 – and 2011 should continue on the road to recovery. To [...]
Home (of Your Own) for the Holidays?
December 24, 2010 by Jeff Thomas · Leave a Comment
Now May Be the Perfect Time to Buy Fairfax, Virginia: There’s no place like home for creating memories. And no place like home for the holidays. While it may sound a bit crazy to add this to your shopping list…this holiday season could be the very best time in history to give yourself the gift [...]
Will Rates Go Lower?
November 8, 2010 by Jeff Thomas · 1 Comment
What More Quantitative Easing Could Mean Fairfax, VA – Historic, low home loan rates have been about the only thing stable in the economy these days. This low level mark breeds complacency, especially with the buzz in the air that rates may go even lower. But the question hangs in the air like humidity on [...]
