Harrisonblog

People, Places, Events, and Issues in Harrisonburg
(with an emphasis on real estate)

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What You Need To Know About Traditional Mortgages

October 2nd, 2009 by Lisa Oates · 4 Comments

Traditional mortgages are fixed-rate mortgages, adjustable-rate mortgages (ARMs), refinance loans, second mortgages, and home equity lines of credit. When looking to buy a home, it is important that you meet with a mortgage broker or bank to determine the best option for your particular needs and desires in a home loan, but here are a [...]

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Tags: Issues

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Is Now the Time to Buy a Home?

January 27th, 2009 by Chris Rooker · 1 Comment

Maybe.
It is certainly a buyer’s market, which means that home buyers have the advantage in negotiations, as well as a broad range of choices. However, since it is a difficult market for sellers, our team’s counsel to inquiring would-be buyers is that they need to be reasonably confident that they will live in the [...]

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Tags: Buyers · Market Trends

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With Such Low Interest Rates, Should You Refinance Your Home Mortgage?

December 4th, 2008 by Lisa Oates · 3 Comments

Interest rates are low right now… really low. So, is now a good time to refinance your home mortgage? Here are some things you’ll need in order to qualify. Note: To know for certain, talk to your mortgage broker. He or she can give you the facts about your specific situation.

Impeccable credit is always a [...]

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Tags: Issues · Tools

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Biggest One-Day Mortgage Rate Drop in 7 Years!

November 26th, 2008 by Lisa Oates · No Comments

Check out a blog post written by Kline May Realty’s Karl Waizecker titled “Biggest One-Day Mortgage Rate Drop in 7 Years!”
It seems the Federal Reserve has hit upon a plan that will actually work.  Yesterday, based on the news that the Fed will buy $600 Billion of bad loans from banks (as opposed to bank [...]

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Tags: Issues

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The Housing Market is Not the Stock Market

November 19th, 2008 by Lisa Oates · No Comments

For the past couple years, the housing market has gone through some tough times. Remember in 2005 when houses literally sat on the market for a day before going under contract? Well, after that boom, the market turned around, and the real estate market has now begun the road to recovery.
Here are some statistics to [...]

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Tags: News

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