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Category: Mortgage

    Need Down Payment Assistance in VA?

    By Michael Elias | March 15, 2016

    We just met with our friends at Atlantic Coast Mortgage this morning and have a great first time home buyer program to share. The Virginia Housing Development Authority (VHDA) is once again offering a pool of money to assist with down payments. Available on a first come first served basis, last year’s fund had approximately... Read More

    Mortgage Financing 101

    By Michael Elias | October 20, 2015

    LoCo kids are back in school and our seniors are having to jockey around class schedules for the second semester. When we were discussing elective choices the options were weightlifting, guitar, and underwater basket weaving (not really but you get the idea). Those sounded appealing when I was a senior, but as parents Heather and... Read More

    LoCo Market Update: Whatcha Waiting For?

    By Michael Elias | October 21, 2014

    Don’t be distracted by the gnarly old tree, this is a picture of a fence. They are uncomfortable to sit on and people tend to be on one side or the other. It sure seems like this is where all the buyers are right now and it’s kinda tough to understand. Let’s take a look…... Read More

    How to DIY Your Dream Home

    By Michael Elias | September 8, 2014

    There are a ton of shows on HGTV right now about people buying a fixer upper and turning it into their dream home. Admittedly Heather and I love watching them, partly because we talk about doing it ourselves but mostly because it’s cool to see the transformation. The Realtor in me wondered how these folks are paying for... Read More

    Changes Coming for FHA Loans

    By Michael Elias | March 14, 2013

    Our good friend Scott Fournier, of Integrity Home Mortgage Corporation, sent over some news that I thought you might find helpful for your home shopping this spring: The U.S. Department of Housing and Urban Development put out a report detailing upcoming changes to FHA mortgage interest premiums (click here to see the pdf from HUD).... Read More

    LoCoMusings’ Top Posts for 2011

    By Heather Elias | January 6, 2012

    I thought it would be interesting to look at which LoCoMusings posts had the highest readership last year, to see what news and issues resonated the most with you, my loyal readers. Here’s what I found…. 1. Cole Farm Barn Damaged, Work Stopped By far, the most popular post of the year was the March... Read More

    New HARP Refi Rules Announced Monday

    By Heather Elias | October 25, 2011

    While I view myself as a reliable source of information for all things real estate, I know I need to leave the mortgage and lending end of this business to the experts. Dan Green over at The Mortgage Reports is one of the most highly respected lenders out there.  His post yesterday explains the new... Read More

    Don’t Get Left Out!

    By Heather Elias | September 28, 2011

    I’m getting ready to send out my monthly newsletter. If you aren’t already on the list, I’d love to keep you in the loop. Please enter your email address in the box. Cheers, Heather   Subscribe to the LoCoMusings Monthly Update   Read More

    Getting off the horse before she bucks you…

    By Heather Elias | December 8, 2010

    If you follow along on my Facebook page, you would have seen the link to this article there, but I thought it merited some discussion here on Musings. Dan Green, who authors The Mortgage Reports, wrote about how many homeowners are now choosing to refinance from an Adjustable Rate Mortgage (ARM) to a fixed rate,... Read More

    Nehemiah and Ameridream Down Payment Assistance.. a reprieve?

    By Heather Elias | September 11, 2008

    According to Inman News today, HR 6694, a bill in Congress right now that would craft a compromise to allow down payment assistance programs to continue, seems to be gaining momentum.  It looks like they are considering FICO score guidelines in the compromise; the bill was presented after Congress passed HR 3221 on July 30,... Read More

    Nehemiah Program Explained

    By Heather Elias | May 2, 2008

    Since I’ve seen so much interest with regard to the Nehemiah Down Payment Assistance Program, I asked Scott Fournier, a lender with Integrity Home Mortgage, to explain for us exactly how it works. Scott writes: A seller will agree within a real estate contract to make a donation to the Nehemiah Program – a non-profit 501©3... Read More

    Guest author: Scott Fournier on the Nehemiah Down Payment Assistance Program

    By Heather Elias | April 12, 2008

    Scott Fournier, of Integrity Home Mortgage, writes: As many of you may know, The Nehemiah Program, through court litigation won the ability to remain a viable approved source for downpayment assistance when buyers are using FHA loan programs.  Nehemiah is a program by which a seller makes a contribution to a non-profit organization, then the... Read More

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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.

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