Category Archives: Mortgages

WE ARE NOT LENDERS!!! – The information and communications provided to you on our websites, our emails & newsletters are for informational purposes only and should not be the only source that you rely upon. The Earl of Real Estate Team – Keller Williams is not a mortgage lender and so you should contact your loan officer or our lending partner Joe Lucas at McLean Mortgage directly to learn more about their mortgage products and your eligibility for such products.

Northern Virginia Mortgages – News – Deals – Advice for Sellers & Buyers –

In accordance with the new FTC Ruling we want you to know

Just in case you were ever confused. WE ARE NOT LENDERS!!! Yes, I know this may come as a shock to some of you. We are Real Estate Agents. You are required to get a loan (in most cases) to … Continue reading

Posted in Blog, Mortgages, News and Notes |

New Online Mortgage Application added to our site

One of the steps to a success home buying experience is getting a mortgage pre-approval from a mortgage company. The Earl of Real Estate Team is making this process easier by integrating the online Mortgage Application from Joe Lucas of … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, Great Falls, Herndon, Keller Williams, Leesburg, McLean, Mortgages, Oak Hill, Oakton, Potomac Falls, Reston, South Riding, Springfield, Sterling, Vienna | Tagged , |

Staying in touch with the market on your behalf

Special thank to our Loan officer partner Brian Beveridge at Bank of America for presenting Debra Jones to give us an update and overview of how to assist our customers in the real estate market today. Despite all of the … Continue reading

Posted in Blog, How is the market, Mortgages | Tagged |

The Tax Increase that no one is talking about – Mortgage Interest Deduction

With all of the talk about the Debt Ceiling deal and the newly formed SUPER CONGRESS (also known in some curcles as the newest members of the Marvel Comics family, “The Injustice League”), there is one proposal that has been … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Blog, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, Great Falls, Herndon, House Values, How is the market, Leesburg, McLean, Mortgages, News and Notes, Oak Hill, Oakton, Potomac Falls, Reston, South Riding, Springfield, Sterling, Vienna, What do you Think |

Zillow introduces a new Affordability Calculator

The Earl of Real Estate Team on Zillow How Much House Can I Afford? Mortgage calculator provided by Zillow

Posted in Affordable, Mortgages | Tagged |

Reston Virginia Credit Repair Services – Fix Your Credit

There are alot of people in the Northern Virginia area that would like to have the opportunity to buy a home, but need to complete some sort of credit repair before they can be in a position to purchase a … Continue reading

Posted in Affordable, Blog, Loan Modification, Mortgages, Reston | Tagged , , |

We invite you to become a Northern Virginia Market Insider

This is your opportunity to become a Northern Virginia Real Estate Market Insider. Introducing Market Insider, the FREE report from The Earl of Real Estate Team that gives you valuable, customized, and up-to-date information on real estate trends in your … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Clifton, Condos for Sale, Fairfax, Fairfax Station, Falls Church, First Time Buyer, Foreclosure, Great Falls, Herndon, Homes for Sale, House Values, How is the market, Keller Williams, Leesburg, Luxury Homes, McLean, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Real Estate Listings, Reston, Selling a Home, South Riding, Springfield, Sterling, Townhouses for Sale, Vienna | Tagged |

Northern Virginia Real Estate News and Commentary from The Earl of Real Estate

To celebrate our 100th video posting on YouTube, we wanted to do something special and cover some of the recent real estate stories that we found of interest and add our take to them. Let us know what you think. … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Clifton, Condos, Condos for Sale, Fairfax, Fairfax Station, Falls Church, First Time Buyer, Great Falls, Herndon, Homes for Sale, House Values, How is the market, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Real Estate Listings, Reston, Selling a Home, South Riding, Springfield, Sterling, Vienna |

Revolution

A Revolution is coming to the real estate world on 7-11-11 thanks to The Earl of Real Estate Team!!! – At 6:30pm on Monday 7/11- we will be live on our Internet Radio Show to Introduce the Program. You can … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Clifton, Condos, Fairfax, Fairfax Station, Falls Church, First Time Buyer, Foreclosure, Great Falls, Herndon, House Values, How is the market, Keller Williams, Leesburg, Luxury Homes, McLean, Military Relocation, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Real Estate, Reston, Selling a Home, South Riding, Springfield, Sterling, Townhouses, Vienna, Virginia Condos | Tagged , , |

2011 Northern VA Market Prediction: Get a Mortgage Loan Before the Window Closes

If you have been sitting on the fence trying to decide whether to buy a new house or refinance a mortgage, you should act soon. New loans are starting to get costlier. The mortgage market is facing pressures from new … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, Great Falls, Herndon, House Values, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Reston, South Riding, Springfield, Sterling, Vienna |

It is going to get more expensive to use FHA – call us now to save

If you haven’t heard, FHA announced on February 14th that it is raising the annual mortgage insurance premiums, also known as the FHA monthly mortgage insurance. These changes are mentioned in Mortgagee Letter 11-10 and become effective on or after April 18th, 2011. … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, First Time Buyer, Great Falls, Herndon, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Reston, South Riding, Springfield, Sterling, Vienna | Tagged |

Mortgage Rates Drop For Second Consecutive Week

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.76 percent, down from 4.84 percent at this same time last week. The 30-year fixed mortgage rate peaked at … Continue reading

Posted in Mortgages, News and Notes | Tagged |

Timing the Market can and will cost you thousands – new Zillow report

It’s no secret the U.S. has been in a real estate tailspin since June 2006. More than one-fourth (27 percent) of single-family homeowners are now in negative equity, which means their homes are worth less than what they owe on … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, First Time Buyer, Great Falls, Herndon, House Values, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oak Hill, Oakton, Potomac Falls, Reston, South Riding, Springfield, Sterling, Vienna, What do you Think | Tagged |

Mortgage rates down for the week- time to buy in Northern Virginia

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.68 percent, down from 4.69 percent at this same time last week. The 30-year fixed mortgage rate peaked at … Continue reading

Posted in Affordable, Mortgages, News and Notes, Northern Virginia, Real Estate | Tagged |

Mortgage Rates up this week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.69 percent, up from 4.62 percent at this same time last week. The 30-year fixed mortgage rate increased over … Continue reading

Posted in How is the market, Mortgages | Tagged |

What do you think of this solution to the housing foreclosure problem?

Russ Eppen – A Real Estate Broker sent a letter to the editor at inman news – What do you think of his solution? The Problem: 1. Homes are being sold after foreclosure or short sale far below actual market … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Fairfax, Falls Church, Foreclosure, Great Falls, Herndon, Homes for Sale, Leesburg, Loan Modification, McLean, Mortgages, Northern Virginia, Oakton, Reston, Springfield, Sterling, Vienna, What do you Think |

The new potential deal breaker in real estate – Appraisals

Reprint from the Pioneer Press – Twin Cities – Jeff Johnson thought he had landed the house he fell for on Linwood Avenue in St. Paul when the seller accepted his $415,000 offer. Then came the appraisal on the three-bedroom, … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Fairfax, Falls Church, Great Falls, Herndon, House Values, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Selling a Home, Springfield, Sterling, Vienna | Tagged |

Buying a home is cheaper than renting – The Facts are in

Thanks to the foreclosure crisis, buying a two-bedroom home is cheaper than renting in most big cities. In its quarterly Rent vs. Buy Index, real estate data firm Trulia found that buying a property — including the mortgage principal, interest, … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Fairfax, Falls Church, First Time Buyer, Foreclosure, Great Falls, Herndon, Homes for Sale, House Values, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Springfield, Sterling, Vienna | Tagged , , |

What Should You Expect in 2011, Part 1

Forecasts for the Economy and Employment � Their Impact on the Housing Market 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 … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Condos, Fairfax, Falls Church, First Time Buyer, Great Falls, Herndon, Homes for Sale, House Values, How is the market, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Selling a Home, Springfield, Sterling, Vienna | Tagged , , , , , , |

30-year fixed mortgage rate down to 4.77% average in latest week

Rates on fixed mortgages dipped this week after rising steadily the past two months. Freddie Mac says the average rate on 30-year mortgages dropped to 4.77% from 4.86% the previous week. It hit a 40-year low of 4.17% in November. … Continue reading

Posted in Affordable, How is the market, Mortgages, News and Notes, Real Estate |

Conflicting Views on the Housing Market Outlook for 2011 – Worth a 2nd look

I came across these two very differing view of what the real estate market will be like going forward in 2011.  As you have seen from my past posting, I am more excited about the real estate market now than … Continue reading

Posted in Affordable, Bank Owned, First Time Buyer, Foreclosure, Homes for Sale, House Values, How is the market, Mortgages, Northern Virginia, Real Estate, Selling a Home, Short Sales | Tagged , , |

Mortgage Rate Drops From Seven-Month High

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.6 percent, down from 4.73 percent at this same time last week. The 30-year fixed mortgage fell from a … Continue reading

Posted in How is the market, Mortgages, News and Notes, What do you Think | Tagged |

Short Sales still remain an alternative to Foreclosure

Once you receive a foreclosure notice, there is always this overwhelming desire to look for ways in order to avoid foreclosure permanently. While there are plenty of foreclosure solutions to choose from, you have to make sure that the one … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Fairfax, Falls Church, Foreclosure, Great Falls, Herndon, Leesburg, McLean, Mortgages, Northern Virginia, Oakton, Real Estate, Reston, Short Sales, Springfield, Sterling, Vienna |

Mortgage Rate Hits Seven Month High; Current 30-Year Fixed Rate is 4.73%

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.73 percent, up from 4.68 percent at this same time last week. This is the highest average rate reported … Continue reading

Posted in How is the market, Mortgages, Real Estate | Tagged , , , , |

Steps to Buying a Foreclosure Home in Northern Virginia

Everyone is talking about how great it is to invest in foreclosure properties and the innumerable opportunities present in the market. But the truth is, it takes a little more than optimism to be successful in foreclosure investing. If you … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Fairfax, Falls Church, Foreclosure, Great Falls, Herndon, Homes for Sale, Leesburg, McLean, Mortgages, Northern Virginia, Oakton, Real Estate, Reston, Springfield, Sterling, Vienna |

Mortgage applications fell last week -2010-12-22

The number of people applying for a mortgage fell last week as higher rates discouraged borrowing. The Mortgage Bankers Association said Wednesday its overall mortgage application index decreased 18.6 percent from the previous week. The refinance index dropped 24.6 percent, … Continue reading

Posted in Homes for Sale, Loan Modification, Mortgages, Northern Virginia, What do you Think | Tagged |

Flips gone Wired – Mortgage fraud case in Va. might expand

The federal investigation into a massive mortgage fraud scheme that roped in hundreds of Washington area residents – including dozens of Fairfax County school employees – has escalated with the arrest of a top official at a Woodbridge real estate … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Fairfax, Falls Church, Great Falls, Herndon, Leesburg, McLean, Mortgages, Northern Virginia, Oakton, Reston, Springfield, Sterling, Vienna |

2 Great Articles regarding Foreclosures and Why they happen to owners

Lack of foreclosure data leaves big questions The worst foreclosure crisis in the nation’s history might have been detected earlier if the government had a better tracking system for mortgage data, experts say. High levels of risk became apparent only … Continue reading

Posted in Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Fairfax, Falls Church, Foreclosure, Great Falls, Herndon, Homes for Sale, Leesburg, Loan Modification, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Selling a Home, Springfield, Sterling, Vienna |

News on Springfield Mall – Mortgage Loan – Springfield VA Real Estate

Vornado Realty Trust (NYSE: VNO) has acquired a mortgage loan of USD115m with its outstanding balance of USD171.5m secured by the Springfield Mall located in Fairfax County, Virginia recently, it revealed on Friday. Additionally, the company said that it acquired … Continue reading

Posted in Mortgages, News and Notes, Northern Virginia, Real Estate, Springfield |

Early 2011 may be the best time ever to buy a home

Mortgage rates on way up NEW YORK — Homeowners who delayed locking in super-low mortgage rates — think close to 4 percent for a 30-year fixed — may have waited too long. Read more on The Post and Courier Mortgages: … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Condos, Fairfax, Falls Church, First Time Buyer, Foreclosure, Great Falls, Herndon, Homes for Sale, House Values, How is the market, Keller Williams, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Springfield, Sterling, Vienna | Tagged , , |

Chair of FDIC urges banks to fix foreclosure mess once and for all

According to Sheila Bair, chairperson of the Federal Deposit Insurance Corp., the method how lenders are dealing with foreclosures of homes could damage the nascent recovery of the economy. She was addressing a 700 strong audience at a breakfast hosted … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Bank Owned, Burke, Centreville, Chantilly, Fairfax, Falls Church, Foreclosure, Great Falls, Herndon, Leesburg, Loan Modification, McLean, Mortgages, Northern Virginia, Oakton, Real Estate, Reston, Short Sales, Springfield, Sterling, Vienna | Tagged , , , , , , , |

23,000 condo projects or more could lose FHA eligibility in 2011

According to the National Association of Realtors, 23,000 condo projects are on the verge of losing their eligibility for FHA-guaranteed sales and refinancing after 2,200 projects have already lost eligibility. The FHA set standards last year that require condominium projects … Continue reading

Posted in Affordable, Alexandria, Annandale, Arlington, Ashburn, Burke, Centreville, Chantilly, Condos, Fairfax, Falls Church, First Time Buyer, Herndon, How is the market, Leesburg, McLean, Mortgages, News and Notes, Northern Virginia, Oakton, Real Estate, Reston, Springfield, Sterling, Vienna | Tagged , |

A break in evictions over the holidays

Freddie Announces Holiday Eviction Suspension, Fannie to Follow Freddie Mac is suspending foreclosure evictions over the holidays.    The McLean-based company says it has ordered all evictions involving foreclosures on properties that had Freddie Mac mortgages to be suspended from … Continue reading

Posted in Bank Owned, How is the market, Loan Modification, Mortgages, Real Estate, Short Sales | Tagged , |