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.

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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.

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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.

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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/