Chantilly, Virginia Spotlight

Despite being smaller than other Northern Virginia towns, Chantilly is ranked one of the most secure and best places to live in America. This small town in Virginia has a population of nearly 25,000 people and is praised by many for its beautiful homes, growing job market, convenient amenities, and top-rated schools.

Parts of a Loan: The Closing Disclosure

A closing disclosure is a document that lays out the terms of your loan in a way that easily allows you to double check and confirm that everything is correct.
The document is five pages long and will cover loan terms, projected payments, closing costs, a transaction summary and further information about your loan. Closing disclosures are made on standardized forms, so everyone gets the same information.

How to Lock in Your Loan: Everything You Need to Know About Mortgage Rate Locks

Since the coronavirus pandemic hit, mortgage rates have been fluctuating by the day– sometimes by the hour. During the processing and underwriting stages of your mortgage process, the rates can rise enough to cost you hundreds, if not thousands of dollars in interest over the course of the loan.

As a homeowner, you want the lowest possible interest rate on your mortgage. There are many things that drive mortgage rate movements, such as inflation and economic growth, so the most important thing for you to do is lock in your mortgage rate.

Differences Between Buying A House Yourself and Acquiring One with Your Partner

In most cases, the next thing after walking down the aisle for most couples is acquiring a house. Many choose to buy a home before settling in marriage, which is an excellent idea. Here is some insight to help you understand the difference between buying a home before getting married and buying a home with your spouse.

How to Purchase a Home with Variable Income

Although it’s easier to get a mortgage with a regular paycheck, it is absolutely possible for self employed people and gig workers to get a mortgage. Here are some things you need to do:

Closing Day is Finally Here. What Should you Expect?

While closing is very definitely a beginning, it can feel like a bit of an end. It usually takes 30 to 45 days to close on a home from submitting your initial mortgage application. During that time, your bank will review your application and approve it, and go through the underwriting process. You put in your offer, and it is accepted. So, what happens on closing day itself?