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Author Archives: Avery Frangelli

  • down payment assistance

    What Is Down Payment Assistance and How Can It Help Me Buy a Home?

    Down payment assistance may be a viable option to help you purchase your home. These programs can provide you with funds in the form of a grant or gift in order to fulfill a down payment on a home — bringing you one step closer to homeownership. Why is down payment assistance important? No matter [...] More  →
  • Loan Types

    Decoding Loan Types: Pros and Cons of Each

    If you're a first-time home buyer, understanding different loan types can be confusing. Each one has various requirements, rules, and costs. The right one for your situation will depend on numerous factors. To help you make an informed decision, here's a quick guide to four of the most popular loan types: FHA, conventional, VA, and [...] More  →
  • First-Time Home Buyer Mistakes

    7 First-Time Homebuyer Mistakes and How to Avoid Them

    The home buying process can be confusing, even for people who have done it before. Here are some of the most common first-time homebuyer mistakes and tips on how to avoid them so you can make a smooth transition to homeownership. First-time homebuyer mistakes (and how to avoid them) 1. Skipping pre-approval Getting pre-approved for [...] More  →
  • Mortgage Process

    All the Companies Involved in the Mortgage Process

    It may surprise you to learn how many other companies are involved in the mortgage loan process, especially if you're a first-time home buyer who has never been through it before. It isn't just OVM and a real estate agent - there are also different inspectors, title companies, and potentially government agencies that will be [...] More  →
  • What Are Closing Costs and What Do They Cover?

    When it comes to home buying and finances, there are two main upfront costs to think about— the down payment and closing costs. In this blog, we’ll be talking all things closing costs; particularly what they are and how you can prepare for them ahead of time. So, what are closing costs? The term “closing …

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  • A Deep Look into the 2020 Real Estate Market

    The housing market has been notoriously fickle when it comes to predicting what will happen next. However, industry experts have more tools and analytical data to work with than ever before, allowing them to predict recent trends with surprising accuracy. We’ve seen 2019 pass as a year of low interest rates, rising home values, and …

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  • refinancing

    Refinancing 101: A Simple Guide To The Mortgage Refinance Process

    As homeowners know, a house isn’t simply the place where you live – it’s an investment. Over the years, you will face important decisions regarding maintenance, insurance, repairs, and more. At some point during your journey of homeownership, one of those decisions may be whether or not to refinance. What Does it Mean to Refinance …

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  • Changes To Government-Backed Loan Programs In 2020

    The new year is finally upon us, and while everyone’s busy clearing out clutter and checking off resolutions, we should also take a look at what changes are taking effect in mortgage and real estate market and how they will affect us in 2020. For many, the new year means renewal and focus on self-improvement, [...] More  →
  • 4 Questions to Ask Before Closing

    You’ve found it. Your new home. Maybe it’s “the one”—your dream home. Perhaps it’s an investment property. No matter what purpose your new home serves, the process has been an investment in and of itself. You have one step left: closing. It’s common for first-time homeowners to go blindly into closing. A Virginia resident and [...] More  →
  • Why Choose a Local Mortgage Lender

    Are you looking to buy a home or refinance an existing loan? When starting to go through the process of purchasing a home and finding mortgage lenders to use, we often ask ourselves, “Should I use a local mortgage lender or a bank?” Here are six advantages of using a local lender. 1) Speed Most [...] More  →