3 Ways to Help You Buy a House With No Money Down

07/18/16 • -1 min

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

There are three different programs that exist to help you buy a house with no money down.

The first is a USDA loan. This is mainly for rural areas, and if you happen to live in one, you can have the Agriculture Department give you a loan for your down payment so you don’t have to come up with any money. What we also typically do is ask the seller during negotiations to pay all your closing costs, so aside from a few i...

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

There are three different programs that exist to help you buy a house with no money down.

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Knock 8 Years Off Your Northern Virginia Mortgage With This Trick

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

One question that I get asked all the time is whether it's worth doing a 15- or 20-year mortgage. Obviously that's not available all the time with the increased price, and with housing prices as high as they are in Northern Virginia. One recommendation I have is to add a little extra to your principal every month.

How you do this is to add an additional 1/12 of your monthly payment to your principal each month. Over time, this will keep compounding and knocking down your principal, and eventually, you'll actually save eight years off of your mortgage. That's right - your 30-year mortgage turns into a 22-year mortgage!

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6 Ways to Improve the Value of Your Northern Virginia Home

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

There are six main ways that you can add value to your current home:

Update the kitchen. This is one thing home buyers are always looking for. You don’t have to go crazy, but touching up the little things like new appliances and countertops can go a long way because the kitchen is the first room that...