The rate of interest associated with these loans is lower than that of credit cards and overdrafts. Unlike the credit cards, the cheap unsecured loan plans do not bear any hidden cost. The payback period can be extended up to ten years. This long payback period offers you to repay the borrowed amount in easy monthly instalments. These loans do not require a property evaluation. Due to this factor the loan processing is fast.
In the past six months, the total number of homes sold in the area was pegged at 9,827. In Fall Church City, 78 were sold; 1,360 in Arlington; 990 in Alexandria and 7,399 in Fairfax County.
So these figures prove that over a period of 22 years the asset has increased by seven times its original value and all you would have to do is buy it at the beginning.
Then the jingle mail delivery started. Ninja’s who never had any skin in the game in the first place (100 per cent financing), started to default as their teaser deals reset to higher interest rates they had no hope of paying back. So they acted like tenants who wanted to get out of a lease – sending the keys (hence the term jingle mail) back to their lender. Game over.
To make sure that this easement is in place, you must have a title search done on the neighboring property. It has been my experience that the easement you will need will not show up on the title search for the property that you are buying.
Regardless of what the expert on the Tv says, or the bloke from the bank (often the same person), or real estate agents for that matter – residential property is heading for a fall.
Currently, the inventory of homes in North Virginia is minimal and the supply can last for only about 3.14 months if the average sales rate is maintained. But with the winter season approaching, there’s a good chance the inventory supply can extend for four to 4.5 months.