Blog Category: mortgage loans

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Declining Markets Policy

Have you heard a mortgage lender or Realtor talk about a “declining markets policy” lately? A declining markets policy is a policy by a bank or private mortgage insurance (PMI) company, which says that in a real estate market with declining values, you cannot get maximum loan-to-value (LTV) financing on a Conventional loan. Most banks and PMI companies have defined all of DC, different parts of MD and most of Northern Virginia as declining markets. Read More

chandeliers in kitchen

Pool Tables, Patio Furniture and Chandeliers Have No Value?

When a buyer and seller are negotiating over the sale of a home sometimes the buyer indicates they would like to have certain personal property from the home. The seller is OK with that either due to not wanting those items, or wanting the buyer to have them to help facilitate the sale.

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