Who We Serve
We serve first time buyers, current homeowners wanting to refinance, in-addition to move up or move down buyers and real estate investors. We assist clients in Virginia with many different loan programs in the surrounding counties of Fairfax, City of Alexandria, Loudoun, Prince William and Fauquier. Plus we are also licensed to do business in Maryland and Washington, DC. Call me to discuss your needs at 703-830-9808 or email me at jeff@lendingsolutions.net
Whichever category you fall into, you will need answers to a unique set of questions before you will have the clarity and confidence necessary to make a smart buying decision.
Is now the right time to buy my first home? The most often asked questions I receive are
“Should I buy a home now?” Or “Is now a good time to buy”? Or some variation of the previously mentioned two questions. My typical answer is each potential homebuyer’s situation is unique and so there is not a one answer- fits all type of explanation.
A first time homebuyer, should understand many things come into play when deciding to buy a home. Things to consider are: how will buying a home impact you financially? Will the down payment and closing costs drain all of your available funds? Will you be “house poor”? Are you buying just to get a tax break? Are you buying far from your friends and or family? What is the commute to work like? personally and financially before you decide to buy: monthly cash flow, tax benefits, home appreciation, home maintenance costs and the future value of potential home improvements.
How can we take advantage of this market and move to a larger home? In addition to understanding how a larger home is going to impact your finances, there is always the question of how to time the move from your old home to your new home. Also, do you sell the old home or turn it into a rental property?
Is now the time to downsize to a smaller home given my health and family situation? Sometimes moving to a smaller place that is better suited to your current needs and investing some of your home’s equity into income producing assets can improve your quality of life and financial peace of mind.
Will this property make a good investment? Whether you are new to investing in real estate or a seasoned professional, relying on accurate numbers and analysis before you buy a property is the key to making a good investment. Having an exit strategy that will minimize taxes will also increase your return.
We will take the time to answer your important questions that will lead to smart borrowing decisions.
As a result, by properly structuring your liabilities, you will be able to grow your assets more efficiently while increasing liquidity, safety, rate of return, and maximizing tax deductions.
