Choice Real Estate®'s Blog: All Categories

Interest rates for 30-year, fixed-rate mortgages have increased from 4.9% to 5.6% in the last two weeks alone.

Yields on 10-year Treasury bonds have doubled in the last year--with no end in sight for further increases.

The Federal Government is overspending its resources this fiscal year alone by $2 trillion, will do virtually the same thing again next fiscal year, and will be running something like $1 trillion annual spending deficits as far as the eye can see.

The Federal Government already has a $13.4 trillion debt and an unfunded future liability whose present cost is already over an additional $100 trillion.

The Nation has a $10 trillion accumulated trade deficit which is growing at the rate of well over half a trillion additional dollars…

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The below listed properties are close to a METRO station in Fairfax County, Virginia along the Orange Line.
These below links show all active listings for sale and rent in the MRIS as of today.  This is a keyword search, and sometimes you will also see homes listed from other areas. 

Whenever you check back you will be updated with the latest listings, as this info is updated daily. 
 

ORANGE LINE INTO FAIRFAX COUNTY, VIRGINIA:

walk to Rosslyn metro

walk to Clarendon metro

walk to Ballston metro

walk to east Falls Church metro

walk to west Falls Church metro

walk to Dunn Loring-Merrifield metro

walk to Vienna/Fairfax metro

 

 

 

 

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Here are some helpful tips for making a successful mortgage application in the 2009 lending world so your loan officer can help expedite a legitimate financing letter for you to give your Real Estate Agent BEFORE you start home shopping.

1. Be prepared when you apply.

Get your documentation together for the first meeting with your mortgage professional. Saying you can’t find a document won’t relieve you of the responsibility for getting it.

2. Be sure to disclose everything

An IRS form 4506 (tax return request) will lead to discovery of any write-offsfor the home business you are running. Your pay stub will show any child support you are paying if it’s court ordered. Disclosing it up front is betterthan having it turned up by your lender.

3. Work…

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The below listed properties are close to a METRO station in Montgomery County, Maryland. 
These below links show all active listings for sale and rent in the MRIS as of today.  This is a keyword search, and sometimes you will also see homes listed from other areas. 

Whenever you check back you will be updated with the latest listings, as this info is updated daily. 
 

RED LINE IN MONTGOMERY COUNTY, MARYLAND:

walk to Shady Grove metro

walk to Rockville metro

walk to Twinbrook metro

walk to White Flint metro

walk to Grosvenor metro

walk to Bethesda metro

RED LINE CONTINUED DOWN THROUGH D.C., AND BACK NORTH INTO EASTERN MONTGOMERY COUNTY:

walk to Silver Spring metro

walk to Forest Glen metro

walk to Wheaton metro

walk to Glenmont metro

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Anne Arundel county govt. phone# 410-222-1144

Recordation Tax              $7.00       per thousand
Transfer Tax                     1.5%       (1% County + .5% State)
Property Tax                     $1.087      per hundred assessed value
                                                              (.955 County + $.132 State)
Property taxes are collected on a semi-annual basis.  Each county has it's own fees for what it charges on a Maryland home purchase for state recordation and county transfer taxes at settlement.  The state transfer tax is always the same.  The buyer is exempt from the state transfer tax if they are a first time homebuyer in the state of Maryland. 

If refinancing, you will be charged the state recordation tax on any new…

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Maryland's new high cost test has gone into effect. 
The max APR spread will be reduced to 1.5%. This means that the APR on the new loan cannot exceed the prime offer rate by more than 1.5%. 

The prime offer rate can be found at the below link as well as the calculator Maryland uses to calculate the spread.
You can plug your APR into the link below to determine whether it will be in compliance with Maryland's new law. If it tells you your spread is > 1.5%, then that APR will be out of compliance.  http://www.ffiec.gov/ratespread/newcalc.aspx Read Full Post

Half mile from the metro, this project is building where Good Counsel used to be and the scope of it extends from Georgia Avenue and west down the slight slope to Amherst Avenue.  Amherst dead ends into Arcola Ave on one side and University Blvd on the other.

Watch 3 part video tour of this new project at Leesborough Circle in Wheaton

You can find all currently active Wheaton listings for sale here

Quick stats:
-2 level condos w/one car garage & 3 story townhomes w/attached garage
-1/2 mile from Wheaton Metro station
-condo fee about $120 a month
-property taxes about $322 a month
-$70 monthly association fee

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11219 Midvale Road
Kensington, Maryland  20895
MC6890915

The Large Backyard Offers Room To Relax And Plenty Of Room For The Kids To Play.
Bright Kitchen Offers Solid Surface Countertops, New Oak Cabinets And Beautiful Flooring!

Call Fernando Herboso of Choice Real Estate
240-426-5754
or complete our contact form

Kensington single family homes currently on the market  |  Low down payment financing

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