Everyday Real Estate

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Real Estate Agent - Long and Foster REALTORS
Information that matters to home buyers, home sellers and home owners. Stay here to stay informed. Have a question? Post it. Have a thought? Weigh in. We always love a discussion.
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Time = Money A look at interest rates & buying power: Loan Amount Int over 10 yrs Int over 10 yrs Savings     w/ 6.375% w/ 7.00% Total Savings Monthly Savings $400,000 $237,492 $262,594 $25,102 $209.18 $500,000 $296,865 $328,243 $31,378 $261.48 $600,000 $365,238 $393,892 $37,654 $313.78 $700,000 ...
03/12/2007
It's true, there are a lot of people, potential home buyers, out waiting for the market to bottom out. Of course, the only way to know a market has hit bottom is to look back from the other side when it is headed back up. And, well, then they have missed it. To avoid this situation, we look at in...
03/12/2007
With 30-year fixed rates dipping below 6% a couple of weeks ago, many are considering refinancing their current mortgage.  For homeowners who fit in the following categories, a refinance may be in your best interest: You have an adjustable-rate mortgage that is scheduled to reset within the next ...
03/12/2007
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So after over a year of rising housing inventory and decreasing contracts we are starting to see a reverse in that trend.  From June to November, 2006 housing inventory in Montgomery County  hovered somewhat consistently around 5,000 available units (detached, townhomes and condos).  That dropped...
03/12/2007
While over the last two weeks we have finally gotten a taste of a  real winter, the generally mild winter we have been experiencing coupled with the warmth of strong inventory and great interest rates has brought the buyers out early. If you are considering a home sale it is time to get your home...
03/12/2007
Your credit score can be the most important number to you if you are buying a house. Yet there are so many misconceptions about the scoring process and what affects the number positively or negatively.  Last week's Washington Post Real Estate section included a comprehensive article about this su...
03/12/2007
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Please view my personal real estate blog, Everyday Real Estate  online at www.TopProps.net/blog.  Be sure to create a RSS link!  
03/11/2007
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Rhonda Dolan

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Information that matters to home buyers, home sellers and home owners. Stay here to stay informed. Have a question? Post it. Have a thought? Weigh in. We always love a discussion.