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/

Reliable Mortgage Companies in Virginia Can Aid Home Buyers Like You

While it does appear that everything is improving in some way, this doesn’t mean that buyers like you should be complacent when shopping for loans. Choosing a mortgage plan poorly can work against you, forcing you into a foreclosure of your own. You are thus encouraged to look carefully among various mortgage companies in Virginia in order to select the loan that works for you. Before you even begin to look around for mortgages, you must first consider your current financial situation; can you afford to own a home with your current income? It would also be wise for you to take note of current interest rates, which will affect the amount of monthly expenditures. The length of time you intend to stay in the home should also determine your priorities, that is, whether you should focus on reducing closing costs or getting lower interest rates.

http://virginia.churchillmortgage.com/industry-news/reliable-mortgage-companies-in-virginia-can-aid-home-buyers-like-you/

Homebuyer Secrets from Virginia Home Loans to Everything Else

"What is the trend in sales prices? This requires a bit of speculation; but it’s a good idea to forecast what home prices in your target area will look like in the next 6 months to one year. This is because depending on whether they are increasing or decreasing, you will need to keep up with that trend and adjust your offers accordingly. This also has an effect in getting good Virginia home equity loans. Please note that seasonal fluctuations happen – spring and summer see higher priced homes, whereas fall and winter see lower priced homes. Knowing this ahead of time will allow you to easily go with the market flow and stay ahead of other buyers."

http://virginia.churchillmortgage.com/blog/homebuyer-secrets-from-virginia-home-loans-to-everything-else/

Financing a New Home through Virginia Mortgage: Tips for a Great Open House

Financing a New Home through Virginia Mortgage: Tips for a Great Open House If you're planning to sell your home, and refinance a new one through a Virginia mortgage company, part of the Virginia home selling process is getting your house in good shape for a stunning open house. When it’s time for an open house, I’m sure you’ve given all of your walls a fresh coat of paint, cleaned up your carpet and floors, had someone come in to professionally clean and manicure your lawn. All of those are great things. Is that where it ends? Definitely not! Read on for more tips.

http://virginia.churchillmortgage.com/blog/financing-a-new-home-through-virginia-mortgage-tips-for-a-great-open-house/

Leading Virginia Mortgage Broker Offers Insights on Pre-Approval

"Herndon, Virginia (September 16, 2013) - Churchill Mortgage is offering insights on the pre-approval process. The trusted Virginia mortgage broker explains how pre-approval is done and why it is important. Buyers often go through the pre-approval process to show a seller that they are qualified to buy the property. However, some people think pre-approval is a step they must take rather than one that has actual merit. A fast pre-approval with very little checking can cause the buyer to be way off on what they can really afford, while the seller might use the pre-approval result as a basis for what the former can truly pay."

http://virginia.churchillmortgage.com/press-releases/leading-virginia-mortgage-broker-offers-insights-on-pre-approval/

Virginia Mortgage Companies Can Help You Find–and Afford–Your Dream Home

"This urgent need for houses–and the funds to pay for their rent or ownership–can be felt throughout the country, including the state of Virginia. The housing needs in the state vary depending on the person or the location, as well as on their housing tenure–whether the house is to be rented or owned. While there simply may be a need for houses to be of better quality, or to be placed in a better area, the main problem of most residents is their finances. Owning or even renting a house can be costly, especially for those who come from a lower income bracket or are suffering from unemployment. The sad reality is: housing prices are continually growing. This is where mortgage companies in Virginia enter the picture. The aim of these companies is to help address this growing and prevailing housing problem in the state by providing financial aid to the families that need them."

http://virginia.churchillmortgage.com/industry-news/virginia-mortgage-companies-can-help-you-find-and-afford-your-dream-home/

More Than Just the Money: Why Many Americans Seal Home Deals with a Virginia Mortgage Broker

Regardless of the bubble that burst years ago, the American dream of home ownership still stands firm as people set out to make it a reality. Lydia Saad for market research firm Gallup reports that six out of ten Americans today own a home, most of them believing in the promise of a worthwhile investment in the long run. With the resurgence of home ownership in full swing, a reliable Virginia mortgage broker may also experience a surge in mortgage applicants. More than 2,000 respondents, consisting of 1,406 homeowners and 496 renters, participated in Gallup's annual Economy and Finance Survey. Based on the results, 16 percent said they bought residential properties because of the promise of value appreciation after several years. Meanwhile, 12 percent cited equity and credit building as reasons for purchase; while another 12 percent perceived owning as more financially sensible than renting.

http://virginia.churchillmortgage.com/industry-news/more-americans-want-to-own-a-home-get-virginia-home-loans-survey-says/

More Americans Want to Own a Home, Get Virginia Home Loans, Survey Says

People would rather shell out their hard-earned money to banks and other financial agencies to cover mortgages than pay landlords, reports Origination News' Evan Nemeroff. This was the result of a recent study by the National Association of Realtors (NAR), which pegged the percentage of Americans wanting to buy a home in the near future at 36 percent, up from 25 percent two years ago. Only a quarter of the 2,000 respondents in the study expressed preference to rent, down from 31 percent also two years ago. The survey was conducted nationwide, and covered individuals thinking of home purchases, some through secure Virginia home loans. According to the survey, eight out of ten Americans still cling to the American dream of having a place they could call home. These prospective homeowners believe a property purchase to be a sound financial decision. Nearly seven out of ten of those who said yes to home ownership believe there's no better time to invest in real estate than right now.

http://virginia.churchillmortgage.com/industry-news/more-than-just-the-money-why-many-americans-seal-home-deals-with-a-virginia-mortgage-broker/

Plan Ahead and Get an Ideal Virginia Mortgage

People buying homes for the first time will agree that this specific phase of their lives is filled with emotions; pride, happiness, anxiety, and even stress. If you're also a first-time buyer, here's something that may calm your senses a bit: experts believe 2013 is a good year for people to invest in homes. If you're looking still for an agreeable Virginia mortgage, mortgage expert Andrew Montlake, in his article published on BBC News, offers a few tips. Preparing Your Credit History Montlake advises not to get the so-called ”mortgages-are-not-available” syndrome, as reality is far different. There are more mortgage plans than buyers in the market. The key to getting a good one is to properly prepare your documentation early. To vouch for your financial capacity, prepare your home addresses for the past three years, as well as payslips and bank statements in the last three months.

http://virginia.churchillmortgage.com/industry-news/plan-ahead-and-get-an-ideal-virginia-mortgage/

Mortgage Companies in Virginia Help Sustain Housing Market Growth

Dave Brown, executive director of the National NeighborWorks Association, in his speech for National Housing Conference, says 2013 is “an extraordinary time for the future of housing,” namely low-cost housing in the United States. For him, this period is crucial as it necessitates the expansion of public discussion of housing as a national priority. From a dialogue almost mutually exclusive to lawmakers and economists, it's important for everyone, from seasoned mortgage companies in Virginia to first-time home buyers across the country, to be engaged in the very important subject of housing. The dynamics around which the discussion on American housing revolves have a direct bearing on virtually all aspects of life in America.

http://virginia.churchillmortgage.com/industry-news/mortgage-companies-in-virginia-help-sustain-housing-market-growth/

How a Trusted Virginia Mortgage Broker Can Help You Break Free of Unfair Mortgage Bondage

A total of 22,500 Virginia mortgage borrowers, whose homes have been unfairly foreclosed, will receive monetary settlement for damages, reports Carol Hazard of the Richmond Times Dispatch last June 12, 2013. Each debtor is to receive a check of $1,480 as settlement for damages. The payouts, which amount to $33 million in total, are meant to compensate for what Attorney General Ken Cuccinelli refers to as the lending abuses the affected homeowners have had to put up with. For instance, some homeowners weren't given enough options to circumvent foreclosure, while others found that important documents that could have helped refinance their troubled mortgages were conveniently lost. Nobody deserves to be chased out of their homes, which is why prospective property buyers may want to be extra cautious and deal only with a trustworthy Virginia mortgage broker who understands the ins and outs of the local market and can hook buyers up with established lenders.

http://virginia.churchillmortgage.com/industry-news/how-a-trusted-virginia-mortgage-broker-can-help-you-break-free-of-unfair-mortgage-bondage/

Real Estate Market is Looking Good for Flexible Virginia Home Loans

A Richmond Times Dispatch article posted on July 11, 2013 reports on the improving state of the housing market in central Virginia. In a joint statewide survey conducted by the Federal Reserve Bank of Richmond and the Virginia Association of Realtors, 71 percent of Realtors in the state noted significant improvements in the local housing market, especially in the first quarter of 2013, as against the same period last year. The article states that this is an encouraging jump of 14 percent from a similar survey the previous year. Meanwhile, on the consumer front, traffic is apparently driven by first-time home buyers. With increasing consumer confidence in the housing market, demand for residential real estate has led to a low inventory of available properties. Before you run out of choices, you might want to take out one of those convenient Virginia home loans courtesy of trusted mortgage specialists such as Churchill Mortgage Corporation.

http://virginia.churchillmortgage.com/industry-news/real-estate-market-is-looking-good-for-flexible-virginia-home-loans/

Amid Record-high Rates for a 30-year Virginia Mortgage, Local Housing Industry Still Poised for Recovery

Judging from the latest figures, it appears that the U.S. housing market is poised for a steady recovery. Bloomberg's Prashant Gopal reported last July 11, 2013 that the average rate for 30-year housing loans has risen to 4.51 percent in mid-July, owing to the possibility of reduced bond purchases from the Federal Reserve. While higher rates equate to more expensive loans, several factors also indicate that a lot more people in Virginia can afford long-term mortgages. This news can be seen as a good sign that the economy as a whole is on the road to recovery. For prospective homeowners in Virginia, applying for better mortgage rates or refinancing their current ones now involves a lot less risk than ever before. Virginia mortgage companies like Churchill Mortgage Corporation can offer borrowers 30-year house loans with smaller monthly payments and longer payment periods.

http://virginia.churchillmortgage.com/industry-news/amid-record-high-rates-for-a-30-year-virginia-mortgage-local-housing-industry-still-poised-for-recovery/

Reliable Mortgage Companies in Virginia: Their Role Amidst an Improving Housing Market

Housing market in Virginia is showing encouraging signs of recovery. A VirginiaBusiness.com article dated July 10, 2013 reports that the Virginia Association of Realtors and the Federal Reserve Bank of Richmond jointly surveyed 1,084 realtors, who generally observed a notably smaller inventory of unsold properties compared to last year. Furthermore, distressed properties have a much lower impact on the market at present (about 18 percent, as compared with 41 percent in 2012), means good prospects for the local real estate industry. On the downside, negative equity remains a significant barrier that hinders home sales. At any rate, economic growth will encourage more people to settle in Virginia, which in turn will lead to a renewed demand for residential properties. When that time comes, trusted mortgage companies in Virginia like Churchill Mortgage Corporation can worry less about families defaulting on their loans and losing their homes to foreclosure.

http://virginia.churchillmortgage.com/industry-news/reliable-mortgage-companies-in-virginia-their-role-amidst-an-improving-housing-market/