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Home Buying in 22204 : Real Estate Advice

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  • Local Info4
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 7
Fri Sep 4, 2015
Amelia Robinette answered:
Depends...you'll need to discuss the contract terms with your agent and see if it's possible. Keep in mind, if you have a rate locked, you may not get the same rate with another lender, you'll also have to pay for another appraisal, credit report, application fee if one was charged.

In general, 15 days is a VERY tight timeframe and irritation is a bad reason to switch and may put your contract in jeopardy. You're in a competitive market, so probably best to suck it up and move forward.

Good news is that it's unlikely you'll deal with your loan officer again after closing. Depending on what bank you're working with, they probably won't 'own' your loan more than 30 days past closing. Unless you're already working w/Wells Fargo or Bank of America. It's likely that your loan will be sold to one of the larger servicing companies. Even if your loan officer is with a big bank, the loan servicing arm of each bank is often an entirely different entity.

Best of luck!
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Fri Oct 4, 2013
Chris Ognek answered:
No, relatively easy fix. Ductwork is cheap and I've seen this come up before. The homeowner was operating the systems that way for a decade and never had a problem. My concerns would be lint blowing into the bathroom fan ductwork and if both systems were running at the same time, it may cause lint build up upstream in the dryer duct because of the added pressure from the bathroom fan. Nothing to be concerned about, just separate the ducts. A flex duct from Home Depot will only be a few dollars. ... more
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Sun May 5, 2013
George Raymondo answered:
My Compadre John below has it right, but if you would like further clarification on the subject, please click on the link below. This should surely clear up any questions you may have and maybe give you some tips on what to do or what to avoid.

Best of Luck!

http://www.trulia.com/blog/george_raymondo/2013/05/i_own_a_home_and_want_to_buy_another_home_can_i_qualify
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Sun Mar 17, 2013
Marian Thompson answered:
Jay, 1200 for a 1 bed in Arlington is a good deal. Sustaining a comparable monthly payment would necessitate moving out of Arlington. There are some attractive buildings in Alexandria, or Annandale, Baileys Crossroads, Seven Corners for example - that might meet your benchmark; if you are willing to move out then you should at least explore options. Focus on the monthly payment, not the sales price - because condo fees vary wildly and can be a real deal breaker, even with an inexpensive property. If you have stable employment, getting on the housing ladder sooner rather than later, makes economic sense - incomes tend to go up whereas fixed mortgage payments stay the same. Owning, when you factor in tax advantages, is generally a good idea, however, not everyone wants the responsibility and hassle of home maintenance. You should eventually buy, but timing is everything. ... more
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Tue Jan 29, 2013
Alyssa Hellman answered:
Absolutely. We are seeing well-priced properties move quickly. Even those that need some improvements. With the increased activity in the market, I am seeing more buyers compromise in order to secure a property in the location they would like.

If you would like more information about buying, feel free to contact me ahellman@lnf.com
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Mon Nov 19, 2012
Marcia Burgos-Stone answered:
You want to look for a true investor landlord. Chances are, they may not be working with a Realtor. Why wouldn't you just buy? Maybe credit is an issue? Find a good lender who can tell you what to do to improve your scores so you can buy sooner and take advantage of tax benefits. ... more
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Sat Feb 25, 2012
Martin Signore answered:
Lynn-

It looks like you have an ARM (Adjustable Rate Mortgage). Depending on how much time you have left on your loan and what index your ARM is pegged to, it may or may not make sense. Its best to talk to a Mortgage Lender for this one.

Martin Signore
202 604-0000
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