Norfolk VA – If you’re like many other home buyers wanting to take advantage of low-interest rates and are considering purchasing a home in Norfolk VA, be sure to take the necessary steps to increase your credit score before speaking with a lender.
Shannon Allen, Realtor with Judy Boone Realty in East Ocean View states, “It’s important for buyers to illustrate the highest possible credit score to ensure they qualify for the best mortgage rates and products available today”. Continue reading
Norfolk, VA – When buying a home in Norfolk VA, you will be asked if you’d like to purchase tittle insurance. Title insurance protects you, the new owner, of any problems affecting the property’s title that may arise at a later date.
Shannon Allen, Realtor with Judy Boone, in Norfolk VA explains, “There are two types of title insurance. The first is an owner’s policy which protects the buyer, and the second is a lender’s policy, which covers the lender. Your lender will purchase a title insurance police to protect their interest of the loan, but it is up to you, as the buyer, to obtain an owner’s title insurance policy to protect your interest.” Continue reading
Norfolk 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.
Shannon Allen, Realtor
Judy Boone Realty | 809 E Ocean View Ave | Norfolk VA
(Cell) 757-647-3126 |(Office) 757-587-2800
Shannon Allen Realtor 