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Real Estate Tips
Financing Your Home >New Loans

If you are considering applying for a mortgage to purchase a new home or to refinance your present home, don't delay. Despite fluctuation in interest rates, lenders are still processing many new loan applications.

You should gather all the necessary paperwork before you apply, and submit your loan application as soon as possible. At a minimum, the information required by a lender will consist of proof of your earnings and a clear picture of your total monthly income and expenses. If you are self-employed, or have long-term obligations such as alimony or child support, the preparation time and the amount of paperwork increases.

Despite the need to move rather quickly for a mortgage in today's market, you should "make haste carefully." Shop carefully for your loan by comparing all costs and terms. With the number of lenders vying for your business, new and better deals are always appearing.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Patti Brown, REALTOR®, real estate agent and broker for Fauquier County, Culpeper County and Prince William County, Virginia home listings, property and land for sale - NUMBER1EXPERT™

Patti Brown
Long & Foster Real Estate, Inc.

492 Blackwell Road
Warrenton, Virginia 20186
Phone: 540-364-0405
Fax: 540-349-3389
Email: pattibrown@NUMBER1EXPERT.com


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