7801 Whiterim Terrace, Potomac Md 20854
MC7445431
Offered at $684,900
3 Bedrooms
4 & 1 Half Bathrooms
3 finished Levels
Large End Unit Townhome
Thoughtful Upgrades Throughout
Showing posts with label Virgina. Show all posts
Showing posts with label Virgina. Show all posts
Friday, September 24, 2010
Thursday, August 19, 2010
MSNBC REPORTS: Homeowners Refinancing are Opting for Shorter Mortgage Lengths
Refinancing homeowners are going short
By Bill Briggs
Many customers take 30-year loans down to 15 or 20
After being blindsided by a job loss last spring, sales exec Ren Chirakos didn’t need his new MBA degree to calculate the scary numbers: The math got simple real fast.
Zero income + new COBRA bills + a house payment = something had to give in the Chirakos family budget. The answer: refinancing his 30-year home loan to a shorter mortgage that tapped into the trend of ever-shrinking interest rates.
“I needed to keep my house,” said Chirakos, who since has found work at a different company in Cuyahoga, Ohio. His wife is a stay-home mom who cares for their two daughters. “It forces you to look at 'OK, where is our money going?' You start looking for ways to shave fixed expenses. It really gives you cause to think.”
Chirakos was paying 5.375 percent on a 30-year loan before he became a victim of downsizing at toolmaker Snap-on Inc. As rates sank and slipped over the summer, he watched and waited. Then he pounced, locking in a 20-year, fixed-rate loan at 4.3 percent and slashing $140 off the monthly bill for his $220,000 home. With excellent credit and little debt, the re-fi cost him $900, so will pay for itself in about six months. “Every little bit helps,” he said.
For many refinancing homeowners, going shorter is suddenly more appealing. Fixed mortgages of 15 and 20 years are quickly gaining fans among those who previously held 30-year loans, balloon mortgages and adjustable rates, according to a new report from mortgage giant Freddie Mac. The number of fixed-rate, 15- and 20-year loans are at their highest level since 2004, the government-controlled company said.
CLICK HERE FOR FULL STORY
By Bill Briggs
Many customers take 30-year loans down to 15 or 20
After being blindsided by a job loss last spring, sales exec Ren Chirakos didn’t need his new MBA degree to calculate the scary numbers: The math got simple real fast.
Zero income + new COBRA bills + a house payment = something had to give in the Chirakos family budget. The answer: refinancing his 30-year home loan to a shorter mortgage that tapped into the trend of ever-shrinking interest rates.
“I needed to keep my house,” said Chirakos, who since has found work at a different company in Cuyahoga, Ohio. His wife is a stay-home mom who cares for their two daughters. “It forces you to look at 'OK, where is our money going?' You start looking for ways to shave fixed expenses. It really gives you cause to think.”
Chirakos was paying 5.375 percent on a 30-year loan before he became a victim of downsizing at toolmaker Snap-on Inc. As rates sank and slipped over the summer, he watched and waited. Then he pounced, locking in a 20-year, fixed-rate loan at 4.3 percent and slashing $140 off the monthly bill for his $220,000 home. With excellent credit and little debt, the re-fi cost him $900, so will pay for itself in about six months. “Every little bit helps,” he said.
For many refinancing homeowners, going shorter is suddenly more appealing. Fixed mortgages of 15 and 20 years are quickly gaining fans among those who previously held 30-year loans, balloon mortgages and adjustable rates, according to a new report from mortgage giant Freddie Mac. The number of fixed-rate, 15- and 20-year loans are at their highest level since 2004, the government-controlled company said.
CLICK HERE FOR FULL STORY
Monday, August 2, 2010
Washington Post reports: Loudon County's Impressive Suburban Appeal
Large houses and carefully landscaped medians and common areas distinguish Lansdowne on the Potomac. (Photos By Amy Reinink For The Washington Post)
The first thing house hunters typically notice about Lansdowne on the Potomac is the neighborhood's aesthetic: the manicured lawns, the landscaped common areas, the decorative street signs and the manmade waterfall near the entrance.
Next, they notice the amenities, such as the 30,000-square-foot Potomac Club, which boasts indoor and outdoor pools, exercise and aerobics rooms, a business center and meeting rooms, and a ballroom.
Then they may notice the proximity to the Potomac River, the ease of accessing commuter roads such as Route 7 and the family-friendly environment.
Next, they notice the amenities, such as the 30,000-square-foot Potomac Club, which boasts indoor and outdoor pools, exercise and aerobics rooms, a business center and meeting rooms, and a ballroom.
Then they may notice the proximity to the Potomac River, the ease of accessing commuter roads such as Route 7 and the family-friendly environment.
Monday, June 28, 2010
How Low Can They Go? Mortgage Rates Down even more
Mortgage rates at lowest point since mid-1950s
National average for a 30-year fixed loan dips to 4.69 percent
Mortgages are cheaper today than they've been in a half-century. If only most people had the job security, the credit rating and the cash to qualify for one or refinance.
The average rate for a 30-year fixed loan sank to 4.69 percent this week, beating the low set in December and down from 4.75 percent last week, Freddie Mac said Thursday. Rates for 15-year and five-year mortgages also hit lows. Click here for full articleWednesday, June 23, 2010
Washington Business Journal Reports- Tyson's Corner Plan approved by Fairfax County Board
Fairfax board approves landmark Tysons Corner plan
Washington Business Journal - by Tierney Plumb
The Fairfax County Board of Supervisors late Tuesday night approved the massive overhaul of Tysons Corner, signing off on a long-term vision to transform the office and shopping destination that has been years in the making.
The 8-2 vote on two measures, the land-use plan and the accompanying zoning ordinance, came at about 11 p.m. after the board held a final hearing on the plan beginning Tuesday afternoon. Nearly 70 speakers — including local developers, nonprofits and political leaders — gave their final input during the hearing.
Read more: Fairfax board approves landmark Tysons Corner plan - Washington Business Journal
Click Here to read full article.
Washington Business Journal - by Tierney Plumb
The Fairfax County Board of Supervisors late Tuesday night approved the massive overhaul of Tysons Corner, signing off on a long-term vision to transform the office and shopping destination that has been years in the making.
The 8-2 vote on two measures, the land-use plan and the accompanying zoning ordinance, came at about 11 p.m. after the board held a final hearing on the plan beginning Tuesday afternoon. Nearly 70 speakers — including local developers, nonprofits and political leaders — gave their final input during the hearing.
Read more: Fairfax board approves landmark Tysons Corner plan - Washington Business Journal
Click Here to read full article.
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