Asifa Zia -The Realtor YOU want

7070 Hoadly Rd, Manassas, VA Get Directions Click Here Property Video Description Photos Maps & Local Schools Walk Score More $ Click for current price 4 BEDROOMS | 3 Baths (2 full, 1 half ) BATHROOMS | 2,795 SqFt Imagine living here, waking up to the sounds of birds, watching wildlife in the backyard. This home features 2 level updated home on 1.7 acres, flat front and back yard with fruit trees, large deck to do grilling, or just do bird watching, firepit in backyard, along with a swing set. Mature trees with colorful foliage in the fall. All landscaping done for you. New Roof and siding in 2018. New Compressor in Heat Pump just put in December 2019. Beautiful hardwood floors on first level, hardwood floors refinished in August 2019. Freshly painted in August 2019 . Windows all around the house to let the light in! Kitchen features, Granite counters, stainless steel appliances, hardwood cabinets, kitchen island, space for breakfast table. laundry

Some Highlights: With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low! According to  Freddie Mac ,  rates are projected to increase to 3.9% by this time next year. The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan. Maybe it’s time to lock in now, while rates are still historically low.

2 Myths Holding Back Home Buyers In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals, “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open  the path to homeownership for many more.”   Myth #1: “I Need a 20% Down Payment” Buyers often overestimate how much they need to qualify for a home loan. According to the same article: “Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified potential buyers not even considering homeownership. Indeed, the Urban Institute report revealed that 16 percent of consumers believed that the minimum down payment required by lenders is 20 percent or more, and another 40 percent didn’t know at all.” While many potential buyer

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial  discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there can actually be financial benefits to putting down a small down payment—as  low as three percent—rather than parting with so much cash up front, even if you have the money available. THE DOWNSIDE The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search. THE UPSIDE The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether