107 Connery Terrace SW in Leesburg For Sale
This beautiful, renovated townhome is located at 107 Connery Terrace SW in Leesburg, Virginia. The charming 3 level home is just minutes to downtown Leesburg. It’s also convenient to Routes 7 and 15 and the Dulles Greenway. The home features the original well maintained brick on its exterior. The wonderful Greenway Farms Community boasts a plethora of amenities such as a Pool, Playgrounds, Community Center and more! 
Main Level Features
Recently renovated from top to bottom, the home feels light and bright with lots of large, new windows. Durable laminate hardwood-style floors were installed throughout the main level. The large sun-drenched Living Room has space for the whole family. And the open floor plan style features a spacious dining room area. 
The updated Kitchen showcases Stainless Steel Appliances, New Cabinets and Granite Counters. 
The large Breakfast Room features a sliding glass door that opens onto a deck overlooking the backyard. 
Upper Level
The spacious Master Bedroom features dual walk in closets and plush carpet. 
The attached Master Bathroom is perfectly designed with an oversized vanity, shower/tub combo and modern ceramic tile flooring. 
2 additional sunny bedrooms have ample closet space and plush new carpet. The 2nd Full Bathroom in the upstairs hall has modern renovations with great storage.
Lower Level & Backyard Features
An unfinished basement is the perfect canvas for creating your own personal space. 
The large back yard opens to a relaxing common area. 
Don’t miss out on this fantastic townhome in Leesburg! Contact Realtor Sarah Taylor at 703.475.1003 to request a private tour of this great home.
Growing up in Loudoun County, 
3 additional sizable Bedrooms are complete with plush carpets, contemporary ceiling fans, and each includes a private full bathroom. The bathrooms are finished with custom tile shower/tub combos, oversized vanities & espresso finish wood cabinets.
Entertain guests in a beautifully landscaped yard featuring a custom Stone Patio with outdoor Chef’s Kitchen (conveys!). 
A native of Loudoun County, Virginia, Katie Hofer began her career in the Real Estate industry as a Property Manager. She did this for 5 years before becoming a Realtor. Having grown up in Northern Virginia, she has the unique advantage of having witnessed the area transform in many ways. Utilizing this knowledge of the local community, she is able to build lifelong relationships with her clients. She is also able to watch them, along with the Northern Virginia area, grow and thrive.
Many borrowers will scour the internet for the lowest possible mortgage rates. Low rates will indeed pop up, but most often they won’t apply to most borrowers. The rates may assume a very high credit score, a large down payment, or even the cost of paying discount points to get the advertised rates. Many of the low rates that are advertised are also coming from mortgage brokers. Typically, mortgage brokers are third parties that have relationships with multiple investors. This means they can “shop around” for the lowest rates when it is time to lock in. Because the broker is a third party, they don’t control the processing and underwriting aspects of the loan. If something unusual is found during the loan process, many times the issue is not communicated immediately and causes loans to close late. Once a sale is postponed due to loan issues, the buyer can face the possibility of losing their earnest money deposit and can be sued for damages by the seller. This is why lower rates aren’t always the best way to go for a borrower.
Generally, an adjustable rate mortgage (ARM) will offer lower rates than a 30 year fixed rate mortgage with the shortest term on the ARM offering the lowest rate. For example, a 5/1 ARM may have a rate of 3.375% while a 30 year fixed loan may be at 3.75%. The monthly payment for the ARM will be less than the 30 year fixed rate for the first 5 years. After five years, the rate will adjust based on the then current market. Since rates today are close to the lowest ever, it is likely that in five years the interest rate will soar – causing the monthly payment to skyrocket!
Another thing to factor in is Mortgage insurance. Mortgage insurance comes into play when a purchaser is putting less than 20% down on their desired home. There are a couple of ways in which the mortgage insurance can be paid. One way is to make monthly mortgage insurance payments. If making the minimum payment required each month by the lender, these mortgage insurance payments continue until the loan-to-value reaches 78%. In the case of a beginning loan-to-value of 95%, these payments may take as much as 9 years before reaching the 78% threshold where the payments stop. The second method of dealing with mortgage insurance is to have the lender pay for the mortgage insurance premium. This results in a higher interest rate – but no mortgage insurance payment. The overall monthly payment will be lower on this option even though the rate may be up to .5% higher. Paying even $25 more each month for 9 years will cost the borrower $2,700!
It is always important to let a lender help you determine the best possible loan solution. Some of the most important factors for the loan officer to know are: