WHAT'S GOING ON IN ASHBURN?

See how using your credit cards can impact your credit scores, used by many lenders to rate their risk!

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http://articles.moneycentral.msn.com/Banking/YourCreditRating/the-new-math-of-FICO-credit-scores.aspx

A Realtors Plea to Distressed Homeowners

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                As I drive into my neighborhood, I notice a rather large “PODS” storage unit parked in one of my neighbors’ driveway.   At first, I think, are they getting their home ready to sell?  Maybe one person is moving out?  Then, later on that same day, I see a U-Haul truck in their driveway.  Now, I start to think, they’re not selling their home, they are abandoning it, therefore, it must be close to going into foreclosure.  Does this sound like someone you may know?

New Home buyer grant program for Loudoun County employees

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This grant program can save you an extra $5000-$25000 off of the purchase of your new home.  To see if you qualify, please follow the attached link!  Please feel free to give me a call if you have any questions or if you qualify and want to begin your new home search!  Kyle

 

www.loudoun.gov/Default.aspx

How does someone qualify for a Short Sale on their home?

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By now, we all have a basic understanding of what a Short Sale on your home is.  Basically, it is when your mortgage loan amount is higher than what your homes value is.  In other words, you are upside down on your home, like you might be on your automobile loan. 

Home Loans Available for First-Time Homebuyers in Loudoun

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The Virginia Housing Development Authority (VHDA) has announced Fiscal Year 10 funding allocations under its SPARC program (Sponsoring Partnerships and Revitalizing Communities), a below-market-rate loan program administered by the Loudoun County Department of Family Services. The funds will be available through June 30, 2010 or until fully utilized. Applicants must be first-time homebuyers and meet VHDA’s standard eligibility requirements. Sales price and income limits apply.