Asifa Zia -The Realtor YOU want

Having student loan debt doesn’t deny your approval for a mortgage loan right off the bat, but it can definitely be one of the factors that can make or break your application. According to  The Wall Street Journal , out of almost 46,000 first-time home buyers seeking a mortgage loan, nearly 75 percent were approved. Of those approved, 27.3 percent had student debt, whereas of those denied, 26 percent had student debt. Just having student loans won’t kick you out of the ballpark though; it has more to do with the size of one’s debt and his or her income. According to  Forbes , if a homebuyer pays only 3 percent of their income toward their student loan debt, then they can most likely have the money to afford a mortgage. If they are paying 43 percent of their income, though, they are at a higher risk of being denied. Although this may seem like good news, don’t forget that in  2012  the median annual earnings for young adults with a bachelor’s degree was ...

                                                 A 15-year mortgage is a tough call for households in hot housing markets. Home buyers who havent seen a rate increase in nearly 10 years, can be tempted by lower-rate 15-year mortgages even though the Federal Reserve has finally raised rates. But do the advantages of a 15-year mortgage outweigh the costs? The answer depends partly on where you live. We’ve crunched the numbers for the largest U.S. metros, and found that: With the median US household income,  a 30-year mortgage allows homebuyers to purchase 46% more house,  but  a 15-year mortgage provides triple the  paid  equity in just 5 years . Homebuyers in areas where prices have a history of  rising  will benefit greatly from faster equity-building with a 15-year mortgage. Buyers in areas with historica...

6001 ARLINGTON BOULEVARD, FALLS CHURCH, VA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure $ Click for current price 2 BEDROOMS | 2 (2 full ) BATHROOMS | 1049 SQUARE FEET Really amazing large condo, in the bigger building of the Woodlake Towers. Large bedrooms with large closets, updated kitchen with granite counters and brand new cabinets, renovated in Feb'16 . freshly painted, carpets washed. Beautiful v...