GATED COMMUNITIES IN LOUDOUN

Loudoun County offers a wide variety of gated communities. Whether you’re looking for a condo priced around $200,000 or a multi- million dollar home on 6 acres, Loudoun County has you covered. The JS Realty Team @ Samson Properties has the knowledge and experience to help our clients buy or sell in all of these gated communities.

JS Realty Gated Comm Belmont entranceBELMONT in Ashburn is a magnificent gated community offering condos from around $200,000 up to million dollar estate homes. Belmont also offers a wide variety of town homes. Featuring wonderful community amenities such as a championship golf club, clubhouse, pools, dining, tennis, fitness and much more! Learn more about the history and amenities by visiting their website.

JS Realty Gated Comm Creighton-Farms-ClubhouseCREIGHTON FARMS in Aldie, Virginia is an extraordinary custom home, gated community with a Jack Nicklaus Signature Golf Course. Crieghton Farms boasts 184 home sites sitting on 900 breathtaking acres. Owners can choose from 1+ acre custom villas or 3-7 acre custom estates. The wealth of amenities and activities make this a world–class neighborhood. An elegant 34,000 square foot American Vernacular-style Clubhouse houses and hosts many of the community members focused facilities and programs.

JS Realty Gated Comm ParksidePARKSIDE AT ASHBURN offers affordable townhomes in a gated community. Most of the luxury townhomes are 3-level homes with 2-car garages. Parkside offers a considerable amount of private greenspace for recreation areas, basketball court, walking areas and courtyards. In addition, the community offers a resort style pool with a clubhouse, fitness areas and children’s play areas. As an added bonus, Parkside is only a mile away from the future terminus of the Metro’s Silver Line!

JS Realty River Creek Main Gate Lower waterfallRIVER CREEK was the area’s first gated community. Situated near the Potomac River in Leesburg, River Creek also has a championship Golf Course owned by ClubCorp Network – which owns hundreds of golf courses across the United States. River Creek has 1,100 homes spread out through 20 neighborhoods covering 600 acres. About half the homes are single family homes with the other half compromising of town homes and patio homes. A Clubhouse, restaurant, tennis courts, and pools are just a few of the many amenities that River Creek offers. All types of families call River Creek their home, from empty-nesters to families with children, and everything in between.

Loudoun County is also home to 2 active adult retirement communities – Lansdowne Woods in Leesburg and Potomac Green in Ashburn.

Photo Credit: Bob Nakamura
Photo Credit: Bob Nakamura

Previously known as “Leisure World”, LANSDOWNE WOODS offers prestigious home ownership in one of 4 high-rise condo buildings or in one of their 3 low-rise buildings. Featuring resort-style living with ballrooms, fitness facilities, saunas, indoor swimming pool, hot tub, massages, rooftop tennis courts and much more!


JS Realty Gated Comm Potomac GreenPOTOMAC GREEN
 offers a range of condos with prices ranging from $216,000-$391,000. Plenty of activities abound with 29,000 square foot clubhouse, indoor & outdoor pools, tennis & bocce courts, walking & jogging trails, billards and game rooms, indoor walking track and over 25 clubs and committees to entertain everyone’s needs.

From a small 1 bedroom condo to a multi-million dollar estate, Loudoun County has a gated community to fit your needs! Feel free to contact us for information on available properties in one of the communities listed here. We can help you find the home of your dreams!

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

THE ULTIMATE SELLING EXPERIENCE

Creating a positive selling experience for our clients

The JS Realty Team has a very specific way of selling a home. We like to create a positive selling experience from start to finish. In order to fully understand how we operate, we’re going to walk you through our most recent transaction.

JS Realty business people interview sell home

Not long ago, we received a referral for a young lady (let’s call her “Anne”), that had decided to sell her home.  We scheduled an appointment to meet with Anne at her home. We arrived prepared to explain our comprehensive marketing plan and to review exactly how the market was performing in Anne’s area. The first thing we did was take a tour of the home. During the tour, Anne told us what she was planning to do to her home to get it ready for the market. paint jsrealty4u js realty team sellingShe had a good grasp on what needed to be done and we were able to give her some additional ideas that we know will help the home show its best.

With over 20 years of experience and over $200 million in home sales, we are able to provide our clients with valuable advice, along with cost-effective ideas to help their home sell for the most money in the shortest amount of time.

JS Realty Contract PaperAt this point, Anne was very pleased with our advice and marketing plan, so we moved on to explain the “Exclusive Right to List” listing agreement. This contract between the JS Realty Team and the seller gives us the right to sell their home and represent them. The very next day, Anne signed on with us and became a client of The JS Realty Team @ Samson Properties.

Our next step was to install a FOR SALE sign with a “Coming Soon” rider to start creating a buzz through the neighborhood that a home was about to enter the market. Anne worked on the items to get the home ready for market, while we kept a close eye on the activity in the neighborhood and started our preparations for listing the home for sale.

jsrealty4u JS Realty selling iphone pictures cameraOnce the home was ready, we brought in our professional photographer to take still shots and a moving Virtual Tour of the home and neighborhood amenities. When we received the images from the photographer, we set out to build the listing, web sites, take room measurements, film a YouTube video, and create brochures, then roll out our extensive social media campaign. And that’s just part of the many facets of our marketing program. We suggested that the home “go live” on the market on a Thursday evening, so when Realtors and buyers who were searching for homes in Anne’s neighborhood woke up Friday morning, our new listing would be live and complete for them to view.

In addition, an Open House was scheduled for the first Sunday that the home went on the market. Anne’s home generated a lot of interest right from the start, and we had multiple showings that Friday & Saturday, along with over 20 groups throughout the Open House on Sunday. On Monday we received an offer, and after discussing the offer with Anne, we devised a strategy to get the contract ratified. After negotiating with the buyer’s Agent, we were able to facilitate an agreement that both the buyer and Anne were happy with.

JS Realty Checklist Inspection ReportOnce the contract is ratified, our job turns to getting the contingencies closed. These included home inspection, radon, HOA disclosure packet, appraisal and financing. This is a very important step in the transaction and we take the contract deadlines very seriously to protect our clients.

This transaction has moved very smoothly.  There are always issues and items to be dealt with, but that is why you hire the experience of the JS Realty Team @ Samson Properties. Anne is moving towards settlement day and we are looking forward to another successful transaction!

Anne has been so pleased with our comprehensive program and attentiveness to details, that she has already given us 2 referrals! This is helping us achieve our goal of building lifelong relationships with our clients.JS Realty Couple with Realtor

Let us start a lifelong relationship with YOU! If you’re thinking of buying or selling a home, contact us today. We’d love to sit down and talk to you about all of the possibilities the current market has to offer!

 

TOP BRAMBLETON HOMES FOR SALE

Summer is in full force and Brambleton is all the BUZZ! As of today, there are 117 Condo’s, Townhomes, and Single Family homes listed for sale in the MLS just in Brambleton. Out of those 117 homes, we’ve listed below a few that we think are worthy of a closer look. There is literally something here for everyone! And don’t forget, in Brambleton everything you need is just minutes away. You can even enjoy a vacation without ever leaving town!

Be sure to take note of these great properties for sale, and contact us if you find one you want to see in person!

BLUE ELDER TERRACE – The lowest priced condo available!JS Realty Blue Homes Sale

THIMBLEBERRY SQUARE – A 3 bedroom condo for only $235,900!JS Realty Homes For Sale Brambleton

BENFOLD SQUARE – Large, new construction Townhouses for under $400K!JS Realty Benfold Brambleton Homes
HIGBEE LANE – This gorgeous Single Family home is only $550K!JS Realty Brambleton Homes

RICHLAND GROVE DRIVE – Beautiful Winchester home, with quick delivery!JS Realty Brambleton Homes

LOIS LANE – The largest home available today. Fit for a superhero!  JS Realty Lois Superman Homes Sale      JS Realty Brambleton Lois Superman Homes

Call us today at 703-475-1003 to take a closer look at any of these homes or any other home in the Brambleton Community!

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

WHAT IMPACTS A CREDIT SCORE

How does my credit score affect my mortgage loan application?

Today we will look at credit reports for a potential mortgage borrower, what impacts the score, and how to improve your score.

When a lender runs a credit report on a potential borrower, there are three National Repositories that will report a credit score. They are:
1. EquifaxJS Realty Credit Equifax Experian TransUnion
2. Experian
3. Transunion

Most lenders will use the middle of the three credit scores to determine what type of loan and what interest rate a borrower qualifies for. Generically speaking, the higher the score, the lower the interest rate a consumer will be offered.

JS Realty approved creditThese three reporting entities will provide a credit score that is used to determine the risk associated with a particular borrower regarding repayment of the loan. A number of credit related variables are used to calculate the credit score. The credit score is used as a predictor as to the likelihood that the consumer will have late payments in the next 24 months. The lower the score, the greater likelihood that the borrower will be late on a payment or payments.

What are the variables that have the greatest impact on the credit score and their relative weight in the scoring?

JS Realty credit score variablePast Payment History – 35%
 -Late payments are shown for payments that are 30, 60 and 90 days late.
Current Account Balances – 30%
-Any account that has a balance of greater than 30% of the available credit limit will reduce the credit score. Balances of more than 50% will result in even lower scores.
Credit History – 15%
-How long have you had the account? Typically, the longer the better.
New credit cards will lower your score at first.
-Closing out an account will have a negative impact on your score.
Types of Credit – 10%
-The most heavily weighted type of credit is those with finance companies
Credit Inquiries – 10%
-Too many inquiries will result in lower scores

The following table will provide information on the length of time that your credit will be impacted by certain events.

JS Realty creditPayment History………….7 years(Date of last activity)
Collection accounts………7 years(Date of origination)
Judgments………………..7 years (filed)
Chapter 7………………10 years (entry)
Chapter 13……………….7 years (entry)
Inquiries………………….2 years /90 days
Tax Liens…………………7 years / (PAID)

By law, there are some factors that cannot be used in the scoring model.

Race/NationalityJS Realty Credit Ethnic
Gender
Age
Religion
Marital status/Sexual Preference
Employment/Length of Employment/
Position or Title
Income
Address
I
nterest rate charged on a particular credit card

In summary, to receive the highest credit scores, you should have 3-5 credit lines that you pay on time and keep a balance of less than 30% of the credit limit. Spread out the use of multiple cards so that you have a low balance on all of them.

Please feel free to contact me if you are interested in learning more about how to increase your credit score or if you have any questions regarding credit and/or mortgage loans.

JS Realty Keith Harris
Keith Harris
NMLS # 838973

 

Keith Harris
Senior Loan Officer
Intercoastal Mortgage Company
Direct: (703) 259-0788
Cell:    (703) 395-6601

 


JS Realty Free Analysis Contact UsThe JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

DO I SELL OR RENT MY HOUSE?

A few weeks back we gave you some info on how to decide whether it made more sense for you to Rent or Buy a home. Today we’re going to discuss renting out your home versus selling it. There are many factors to consider before making that decision. Here are just some of the questions you must answer to make an informed decision:

JS Realty Rent Question

Monetarily, how would renting affect your bottom line?
How does the rental market compare to the sale market in your neighborhood?
How emotionally attached to your home are you?
How permanent is your reason for moving – are you moving out of the area for good or do you want a new/different home?
What condition is your home in, has it been updated?

ALL ABOUT THE MONEY
If you need the proceeds from the sale of your home to purchase another home then obviously renting is definitely not an option. If you can cover the costs of owning your home by the rental income your home will bring, then you might be a candidate for renting your home. Remember: your costs not only include your mortgage and any HOA/Condo fees, but the upkeep and maintenance. If you can make a positive cash flow plus receive the tax benefits, then renting might be an option.JS Realty Refinance Monney Calculator Bills

Another financial part of the equation is how your homes market will look 5-10 years from now. Although no one has a crystal ball to know exactly how the Real Estate market is going to react, determining what the market is likely to do will help in your decision. If your homes market is on the rise, then you could possibly benefit from having tenants that pay for the cost of keeping the home, and you’ll also be making money on the equity that’s being built!JS Realty Graph Real Estate

WHY ARE YOU MOVING?
The reason for your move also needs to be examined. If you are leaving the area and do not plan on returning, then renting and managing your rental home becomes JS Realty Prop Management Rentmore difficult. If this is the case, but you definitely want to rent, you should consider using the experience of the Property Management Team at the JS Realty Team. Our Property Management Team will make the managing of your home as stress-free as possible. And if you do plan on returning to the area after a couple of years away, then you need to determine if you are going to want to move back into the same home, or find a new one.

ARE YOU ATTACHED TO YOUR HOME?
JS Realty Rent Sell Landscape Home
This is another major factor to consider. How tolerant will you be of strangers living in your home? For example, if having your prized landscaping not kept up to your standards would make you upset, you may want to reconsider if renting is right for you. No matter how well you screen your potential tenants, there is still the potential that they will not treat your home like you do. The JS Realty Team performs our due diligence when screening potential tenants and we have had tenants that have left our clients homes in better condition than when they first moved in. On the flip side, we’ve also had tenants that did not fare as well as we would like. You are always taking a chance when you let strangers live in your home.

IS YOUR HOME UPDATED?
JS Realty Rent Sell Renovate Update
Tenants tend to be less fixated on items such as fixtures, appliances, and such because they are renting and only going to be there on a short term basis. Buyers are going to be more selective when choosing a home, and may rule out one that has not been updated. If you need to invest time and money to update your home for the sale market, this also needs to be entered into your decision making process.

There are many factors that go into deciding whether to rent out or sell your home. Trust the experience our JS Realty Team members have to go over your personal situation and discover what the best options are for you. Contact us today to get started!

JS Realty Free Analysis Contact UsThe JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

WHEN TO DISPLAY THE FLAG

America just celebrated her 239th birthday! The Flag, or “Old Glory” as she is often called, is the emblem of our country. She was displayed nation-wide on July 4th and was being waved all day by proud Americans. This isn’t anything new, though. JS Realty Fireworks Nation DCYou see flags all the time; in front of schools, public offices, even homes. But did you know there is an official Flag Code? This code formalizes and unifies the traditional ways in which we give respect to the flag, and also contains specific instructions on how the flag is not to be used. According to the code, “The flag represents a living country and is itself considered a living thing.”

JS Realty USA Flag Seal GreatInitially, there were no reasons left as to why Red, White, and Blue were chosen to represent the USA. However, in 1782, Congress chose the same colors for the Great Seal and offered this designation:

Red – hardiness and valor
White – purity and innocence
Blue – vigilance, perseverance, & justice

Also listed in the code among the various do’s and don’t’s is a detailed list of the days on which the flag should be displayed.

So when should “Old Glory” be displayed? The Flag should be displayed on all days, but especially on:

JS Realty Flag Old Glory FlyingNew Year’s Day—January 1
Inauguration Day—January 20
Martin Luther King, Jr.’s Birthday—3rd Monday in January
Lincoln’s Birthday—February 12
Washington’s Birthday—3rd Monday in February
Easter Sunday (variable)
Mother’s Day—2nd Sunday in May
Armed Forces Day—3rd Saturday in May
Memorial Day—last Monday in May (fly at half-staff until noon)
Flag Day—June 14
Father’s Day—3rd Sunday in June
JS Realty Flag US BuildingIndependence Day—July 4
Labor Day—1st Monday in September
Constitution Day—September 17
Columbus Day—2nd Monday in October
Navy Day—October 27
Veterans Day—November 11
Thanksgiving Day—4th Thursday in November
Christmas Day—December 25
State holidays
States Date of Admission—June 25th for Virginia, April 28th for Maryland
And other days as may be proclaimed by the President of the United States.

JS Realty Flag Half Staff MastIn addition, half-staff the Flag (sunrise to sunset) on these days:

Peace Officers Memorial Day—May 15
Patriot Day—September 11
Fire Prevention Week—Sunday, usually of week in which October 9th falls
National Pearl Harbor Remembrance Day—December 7

Download a printable version of Dates to Display The Flag.

Additional details about Old Glory and the full Code can be found here.

If you have a flag that is weathered, tattered, or beyond repair, please contact the National Capital Area Council Boy Scouts of America so that it may be disposed of during a flag retirement ceremony.


This is a great time to buy and sell a home in Loudoun County! Contact us today for a no-obligation consultation and find out how we can help get you into the home of your dreams!JS Realty Free Analysis Contact Us

The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

5 Reasons You Need a Realtor

Do I Really Need a Realtor?

*Note: this blog was updated in August 2017*

In a previous blog we gave you tips on Choosing Your Realtor. But many people still wonder with the internet and it’s limitless supply of information and videos, available 24/7 – do you really need a Real Estate Agent in this day and age?

JS Realty Stress Realtor Man OnlineThe answer is YES, you absolutely do! In fact, there are actually some reasons you need a Realtor more today than ever before. Buying and selling a home is such an exciting time in your life. Why try to reinvent the wheel and spend countless hours researching market information or looking for a document that may or may not be outdated? Enjoy your time looking at homes and preparing for a successful transaction by hiring a Realtor to help you along the way.

5 Reasons You Need A Realtor

#1 – REALTORS HAVE ALL THE LATEST TOOLS!

Meeting Realtor ContractsAny full time Agent has a multitude of subscriptions to websites that assist or help in the home buying or selling process (you should see our username spreadsheet, it is several pages long!). Some of these sites have fees and some of them don’t, but just knowing which ones are useful or even good is a part time job. Your Agent will save you time and energy by using their resources to simplify the home buying or selling process. Agents also have access to the MLS, which has data that you can not find anywhere else on the web. It is up to the minute, Realtor-to-Realtor information about the property you may be interested in, or the neighborhood you may be selling in. Let your Agent give you current, relevant information instead of the outdated listing you may find while surfing the web.

#2 – REALTORS KNOW THE MARKET

JS Realty Market Cloud Bubble Analysis RealtorThis is what they do all day – they live and breathe real estate. A seasoned Agent knows how deals are being negotiated in certain markets, they know the feel for whether or not a micro-market is hot, whether it is a sellers’ market or not, etc. And this is just the beginning! Having an Agent help you understand how to not just present your offer, but how to make it a winning offer that suits current conditions is vital. This knowledge of the market applies to 6 or 7 different topics within the contract alone that can make or break your offer. Your Agent already knows what others are currently doing in these markets, so why waste time trying to figure it all out yourself?

#3 – REALTORS KNOW HOW TO SELL AND SELL FAST

JS Realty Showing Home RealtorRealtors know how to sell homes – it’s their job! They know the latest tools to use and what the buyers want. Today, prospective buyers expect professional photos and videos to accompany your listing. Let your real estate Agent handle staging and marketing your home across various channels. Plus, let them screen candidates before you spend your valuable extra time cleaning your home for a showing. Your Agent won’t waste your time showing off your home to someone who is not even qualified to buy it.

#4 – REALTORS KNOW HOMES!

JS Realty Magnifying Glass Looking Inspecting RealtorA seasoned Agent has attended and negotiated dozens of home inspections. This brings them to a level of experience and knowledge that can only be learned by navigating a variety of challenges and different homes with different issues. If you are selling, they can prepare you to avoid certain hurdles by making the necessary repairs in advance. If you are buying, they can look for potential issues while you enjoy looking at the size of a room and envisioning where your TV will fit on the wall. An expert eye will be looking for water leaks, a yard that may have potential issues or even just the age of the appliances and major systems. Being able to have multiple sets of eyes and different perspectives can really make or break your buying or selling experience.

#5 – COORDINATION SKILLS AND RESOURCES

JS Realty Files Notebook Realtor DeskYour Realtor will have access to the multitude of current documents that are needed along the way. Just making an offer can be a 28 page document! In addition, there are contingencies to attend to and either negotiate and/or remove. There may be notices that need to be provided or documents to receive. A great Realtor will have systems in place to keep track of each and every aspect of not only the contract, but coordinating all the folks that help you buy the home. Do you really want to worry about whether you ordered your termite inspection and who needs it after it is done? What happens if there are termites, and how do you address it to keep you in compliance? A great Realtor will make it all look simple.  Just know that on the back end there is a lot going on that you don’t have to worry about. You have enough to take care of with the loan process, packing, and moving. Focus on your new home and let the experts take care of the rest!

The JS Realty Team is dedicated to building lifelong relationships, and helping clients fulfill their dreams through ethical, honest, and fair real estate solutions. We have over $500 million in closed transactions, and our Team of professionals is ready to help you buy or sell a home!

Loudoun Brambleton JSRealty4U Realtor
The JS Realty Team @ Samson Properties

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Homeowners Insurance

Homeowners insurance is a very important part of home ownership. The JS Realty Team @ Samson Properties guides our clients through the entire home buying process, but there are 2 items that the Buyer must handle themselves: obtaining their loan and purchasing homeowners insurance.

Homeowners insurance will be required by your Lender if you have a mortgage on your home, and they will require a minimum level of coverage to protect their interest in the property.

Homeowners Insurance is actually comprised of two different types of protection: hazard and liability coverage.

JS Realty House Fire Attic RoofHAZARD INSURANCE
This protects you should any damage and/or destruction happen to your home and contents. It will cover fire, theft, and certain natural disasters. If you live in a flood zone or in an area that could potentially have earthquakes you will need to purchase additional coverage to include these natural disasters.

LIABILITY COVERAGE
If someone gets injured on your property, the liability coverage is in place to protect you from medical costs and possible lawsuits.

There are also several factors to consider when choosing your insurance:

COVERAGE MINIMUM – Depending on how you feel about insurance, the minimum level that your Lender requires might not provide you with enough peace of mind. Although you may want to keep your homeowners insurance cost down, you also want to make certain you have all the coverage you need.

JS Realty Insurance Policy DocumentWHAT IS INCLUDED – Be very clear about what is covered and more importantly what is NOT covered. You don’t want to lose something and later find out it wasn’t included in the policy.

DEDUCTIBLES – Most policies come with a $500 or $1,000 deductible, but speak with your insurance agent to see what works best for you – and your budget!

PERSONAL PROPERTY – Be sure you know exactly what personal property is covered. You’ll also need to determine whether you want replacement value or depreciated loss value. You should also review the value of your possessions yearly. You don’t want to spend money for coverage you don’t need if the value of certain items has decreased.

JS Realty Home Office WorkingBUSINESS NEEDS – Do you have a home office? There are both property and liability business exposures that most standard homeowner policies don’t address, as well as low levels of coverage. The typical policy appears to be around $2,500 for in-home office equipment. And while that may sound like enough, by the time you add the costs of your computer, software, tablet, printer, scanner, phone, furniture, etc., it could very well exceed that amount. You’ll need to find coverage that can include all of your home office equipment and supplies.

Remember, your home is usually your largest investment. This is not the time to save a few dollars and possibly expose your family to hardships if the unthinkable happens. Perform your due diligence, be comfortable knowing what your homeowners insurance covers, and ensure that you have enough protection in place.Happy Couple Keys Home JS Realty

Contact a JS Realty Team member to answer any questions about any facet of the home buying or selling process or if you need a referral for a reputable insurance agent.

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

MORTGAGE LOAN REFINANCE

Generally speaking, a loan refinance is a new loan to replace an old loan. Let’s look at the various reasons why a refinance would be appropriate.

JS Realty Business Man Text Save How

LOWER MONTHLY PAYMENTS – If your current interest rate high, refinancing at a lower rate can save you significant money each month. For example, if your loan amount was $300,000 and your rate is 5%, your monthly Principal and Interest (P&I) payment would be $1,633 per month. If you refinance the same $300,000 at a rate of 4%, your monthly P&I payment would be $1,432 or a savings of $201 per month. This equates to a savings of $2,412 per year and will save you $12,060 in five short years!

JS Realty Interest RatesLOWER INTEREST RATES – Interest rates can be lowered due to a change in the industry as a whole, such as the example above. Interest rates can also be lowered by shortening the term of the loan. 15 year rates will be lower than 30 years loans. Adjustable Rate Mortgages (ARM’s) are loans that are fixed for a specific time period such as 3, 5 7 or 10 years and will typically be offered at rates lower than a 30 year fixed loan.

SHORTEN LOAN TERM – A loan refinance can be considered as a way to reduce the length of your loan. Changing from a 30 year loan to a 15 year loan can greatly reduce the number of payments needed to pay off your loan. This is often used by borrower’s who have increased incomes since the beginning of their initial loan and can afford the higher monthly payments.JS Realty Loan Terms Paperwork

CHANGE FROM ‘ARM’ TO FIXED – Adjustable Rate Mortgages are fixed for a period of time and then they begin to adjust or change rates on an annual basis. Refinancing to a fixed rate term alleviates potential rate increases that can occur with the ARM’s.

COMBINE TWO LOANS INTO ONE – When purchasing a home, many borrowers obtain two loans to reduce the amount of down payment or to keep from paying mortgage insurance. As the value of the home increases, a single mortgage can replace both loans at a lower rate than the original two loans.JS Realty Refinance Application Form Pen

ELIMINATE MORTGAGE INSURANCE – Initial loans with a down payment of less than 20% will often have monthly mortgage insurance payments as part of the mortgage payment. Also, FHA loans include monthly mortgage insurance payments that you continue to pay for as long as you own the loan. As the loan balances decrease and property values increase, refinancing into a new loan with a loan-to-value of  at least 80% will eliminate the need for mortgage insurance payments.

CASH OUT –With enough equity in a property, refinancing is a great way to get cash that can be used for virtually any reason.
Some examples may be:JS Realty Refinance Monney Calculator Bills

-Home Renovations/Additions
-Auto purchase
-Boat purchase
-Medical bills
-College Education
-Pay off other debts that carry higher interest rates such as credit cards

If any of these scenarios seem to match your situation, please feel free to contact me to discuss how a mortgage loan refinance can benefit you.

JS Realty Keith Harris
Keith Harris
NMLS # 838973

Keith Harris
Senior Loan Officer
Intercoastal Mortgage Company
Direct: (703) 259-0788
Cell:    (703) 395-6601

 

 

 


 

JS Realty Free Analysis Contact Us

The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.