Shannon Allen Realtor

Real Estate in Norfolk & Virginia Beach VA

What Factors Affect Your Interest Rate in Norfolk VA

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Shanon Allen Norfolk VA RealtorNorfolk VA – Interest rates remain low and are forecasted to remain steady for the next several months. Many people are entering the housing market to take advantage of the low mortgage rates; however, it is important to note that the interest rate for your mortgage is affected by several factors, including your credit history, and the type of property you wish to purchase. If you are considering buying a home in Norfolk VA this spring, be sure to keep these factors in mind, as they are the influencers that will affect your mortgage interest rate.

  • Credit Score It’s true that your credit score is one of the most important factors in determining the rate of your mortgage.
  • Property TypeThere may be pricing adjustments for condominiums and multi-family properties as opposed to a single-family purchase.
  • Loan to Value – This is your down payment for a purchase. The lower your loan to value (LTV), the better your interest rate may be.

Shannon Allen, Realtor

Judy Boone Realty | 809 E Ocean View Ave | Norfolk VA

(Cell) 757-647-3126  |(Office) 757-587-2800

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shannon allen norfolk va realtor

Author: Shannon Allen Norfolk VA Realtor

If you’re considering buying or selling real estate along the beautiful Chesapeake Bay in Norfolk VA or Virginia Beach VA, you’ve come to the right place! Shannon Allen has been selling real estate in Norfolk VA since 2004 and is a great resource for both buyers and sellers. Whether you’re moving across town or across the globe, Shannon Allen understands the emotional and financial elements involved with any move, and she makes your purchase or sale both pleasant and worry-free with her professional experience and personal touch. When you buy or sell a home, condominium, townhouse, or investment property in Ocean View, East Ocean View, East Beach, or along the Chesapeake Bay in Norfolk and Virginia Beach VA with Shannon Allen, you get over 9 years of experience and the desire to assist you throughout the entire process. Shannon lives in Harbor Walk on Pretty Lake in East Ocean View, where she enjoys the wonderful amenities and lifestyle found only in Norfolk’s East Ocean View community.

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