Great News! FHA Limits for the Washington MSA which includes Fred, Spotsylvania and Stafford have been increased to $729,000. So in effect we now have 97% financing available again rather than a Max of 90% under the conventional loans programs which...

In an effort to stabilize the market, the Fed announced additional measures to help hard pressed banks and financial institutions. The Central Bank slashed rates to 3.25 percent from 3.5 percent. It also announced a new lending facility to offer...

After months of rumors of financial troubles Bear Stearns is bought out in a last minute "bargain basement" buy by JPMorgan Chase. The Fed and the US government approved the purchase over the weekend with an eye towards preventing more market chaos...

Here is a tip for all my readers who currently have a VA Loan that is more than 12 months old. You can refinance to lower your rate and payment . The program has much lower Closing Costs, NO NEW APPRAISAL is required, No Credit Report ( your...

In todays real estate market, it can save you money to check your homes value before you list it or apply for a mortgage. Areas that are in a declining market are seeing up to 75% of the mortgage applications declined based on the appraised value of...