Tag Archives: Home

When Buying a Home, Manage your Credit Wisely

Posted on September 2, 2010 by Jim

But … apparently lenders wont’ have to run a second full credit check before closing on a mortgage : Despite earlier reports to the contrary, it turns out that your mortgage lender will not have to pull a second full credit report on you hours before closing on your home purchase or refinancing. In a clarification of a policy announced earlier this year, mortgage giant Fannie Mae now says that applicants will need to come clean about any debts they have incurred since they submitted their mortgage application — or debts they never disclosed on the application. But a formal pre-closing credit report will not be mandatory to confirm creditworthiness. The chances of everyone in the lending pipeline (underwriters) actually getting this memo: slim to none. Continue reading →

Posted in Stupid Real Estate Questions - AKA: What are the questions you think you should know but have never asked?, Video | Tagged , , , , | 2 Comments

Moving to Charlottesville?

Posted on February 20, 2009 by Jim Duncan

Clubs/Networks (just a sampling) Charlottesville Young Professionals Charlottesville Sports and Social Club The next three came from my curiosity – I started typing in “Charlottesville [blank] club” into Google and quickly figured that there’s likely a club for anything and everything (seriously be creative when you try it!) – Charlottesville Track Club Charlottesville Hiking Club Charlottesville Drinking Club Rentals – For most people relocating blind to the area (having only been here once or twice) I would much rather we take a “rent now, buy later approach” (although this is certainly not “one size fits all” – each person and situation is different). Continue reading →

Posted in Albemarle, Buyers, Charlottesville, Questions for readers | Tagged , , , , , , , | 6 Comments