Look for a Virginia Mortgage Broker that is Worthy of Your Trust

With the risk that comes with mortgage applications, homeowners need to ensure that they are working with a reliable Virginia mortgage broker—one who is completely trustworthy and who will put a homeowner’s welfare first before its own. So how do you ensure this? You can begin by asking friends and family members for recommendations, then check those recommendations for yourself. You can also use the searchable database provided by the Nationwide Mortgage Licensing System.

It’s also important for you to ask a lender about their experience and expertise on the type of mortgage service you require. They should also be knowledgeable about the current real estate market and the changes that have been implemented since the housing bubble burst.

For all of these, you’ll find that a mortgage broker in Virginia like Churchill Mortgage is one of established mortgage companies you can count on.

http://virginia.churchillmortgage.com/industry-news/look-for-a-virginia-mortgage-broker-that-is-worthy-of-your-trust/

Not Eligible for a USDA Loan? Virginia Home Loans Providers are the Answer

It only makes sense for areas that have exceeded the population cutoff to no longer be classified as rural. Suburbs can develop, and farmland can be paved for growth. Alas, this means that the USDA loan is no longer available to the residents of these place. Fortunately, Virginia home loans providers like Churchill Mortgage are there to fill the gap.

Such companies provide a wide variety of mortgage services for property buyers in the State of Virginia. They can help anyone looking to purchase a home and secure the loan they need to do so. Services offered often include mortgage loans, refinancing, appraisal management, property and casualty insurance, and title insurance.

http://virginia.churchillmortgage.com/industry-news/not-eligible-for-a-usda-loan-virginia-home-loans-providers-are-the-answer/

Debunking the Common Myths about Virginia Mortgage Lending for Home Loan

Owning a Home is More Expensive than Renting

If you play your cards right, a home of your own in fact offers a stronger investment, especially if you know how to keep your home value up. Hence, should you choose to sell your home in the future, you just might be able to get back what you paid your lender, an opportunity for ownership that renting simply does not offer.

There are many lenders like Churchill Mortgage Corporation, that can offer you affordable Virginia mortgages suited especially to your needs. Remember that not everything you hear from other people about how the mortgage industry works is valid. It’s important to ask questions from your prospective lender before signing on the dotted line.

http://virginia.churchillmortgage.com/info-article/debunking-the-common-myths-about-virginia-mortgage-lending-for-home-loan/

Questions that Mortgage Companies in Virginia will Undoubtedly Ask You

Down Payment

The amount that you allot as your down payment will determine the interest rate that you will be getting. The higher you put out, the better in the eyes of the lender as being able to pay a sensible portion of your debt makes you a responsible payer. Moreover, you might also be asked about the source of the money that you will be paying; whether it’s from your own income, a gratuitous donation or a grant from a non-profit organization.

While lenders have the right to deny your proposal if they deem your financial status unfit, remember that you choose your lenders. Make sure to seek loans only from the most reputable Virginia mortgage companies that can give you an affordable rate.

http://virginia.churchillmortgage.com/info-article/questions-that-mortgage-companies-in-virginia-will-undoubtedly-ask-you/

Positive Outlook for Mortgage with a Reliable Virginia Mortgage Broker

These low rates are due to the spending surge that the Federal Reserve took advantage of, surprising investors with $85 billion worth of bonds a month. This move encourages families to stimulate the industry by giving them a good situation that will urge them to buy a house and contact a skilled Virginia mortgage broker. The truth behind these low numbers is driven by the fact that the industry is still recovering from blows that it endured five to six years ago. The industry is slowly coming back to life, but it still needs a good push, as credit unions may also make it easier for buyers to qualify for mortgage through looser requirements and criteria. The rates will hopefully spur several families to action and contribute to the continued resurgence of the housing industry.

http://virginia.churchillmortgage.com/industry-news/positive-outlook-for-mortgage-with-a-reliable-virginia-mortgage-broker/

A Look at the Link Between First-Time Buyers and Virginia Home Loans

After hearing about the trend from its member NAR added a survey question about multigenerational families and found that 14 percent of households did include adult children, parents and/or grandparents.  Yun said this was another manifestation of the difficulty of obtaining a mortgage and of slow growth in good paying jobs. The statistics presented by the article, which also featured relevant information about the current mindset of a homebuyer, show the uncertainty of Americans to invest, for example, in a Virginia home loan program to obtain their dream homes. As the housing industry is still trying to get back on its feet, it is also understandable that a lot of first-time buyers would be hesitant to invest in a mortgage. The recent federal government shutdown has also put uncertainty into the minds of buyers. Furthermore, first-time buyers are susceptible to mistakes such as overlooking hidden costs and neglecting to look far into the future.

http://virginia.churchillmortgage.com/industry-news/a-look-at-the-link-between-first-time-buyers-and-virginia-home-loans/

Friendly Virginia Mortgage Rates Help Decrease State Mortgage Problems

With its beautiful mountains and beaches, it's no surprise that Virginia residents think their state is one of the best places to live in the country. It's difficult to deny that, considering many Virginian towns and cities can be found in the “Top Places to Live” lists of several notable publications. Taking this into account, residents that have grown up within the state have done all they can to continue living in Virginia. In support of that, many Virginia mortgage companies, such as Churchill Mortgage, have offered friendly mortgage loans to people looking to purchase a home in Virginia. In addition to the low rates these companies currently offer their clients, some mortgage lenders offer clients with existing mortgages the option of refinancing their mortgage in Virginia. For people that took out mortgage loans a few years back, this option is a great way to take advantage of the current mortgage rates, instead of the higher rates attached to a loan from two to five years ago

http://virginia.churchillmortgage.com/industry-news/friendly-virginia-mortgage-rates-help-decrease-state-mortgage-problems/