Debbie’s List, the Best of Our Service Providers

There are many great Loudoun County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,Click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market

Today we want to let you know about a cool gift we have for all of you. It’s a little business directory we have compiled, and we think you are really going to like it. 

I have been a local Realtor in the area for 28 years, and in those years I’ve come across some really terrific contractors. All of the people featured in this directory are tried and true professionals. They are people that we trust to get the job done for us, so of course we trust them to get the job done for you as well. This is better than Angie’s list, it’s Debbie’s List.

We wanted to share this directory with all of you this month so you have access to some of these great contractors. If you don’t find yours in your inbox this month, please reach out to us. We would be happy to make sure we have the right address for you and that you get this helpful link. 

If you have any questions for us, don’t hesitate to reach out. We look forward to speaking with you soon!

How Can a Reverse Mortgage Be Beneficial to You?

There are many great Loudoun County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,Click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market

A recent client of ours needed a reverse mortgage, which caused us to learn a lot of things about them we didn’t know before. We want to share some of what we learned today, and talk about how reverse mortgages can be beneficial in a transaction. 

A reverse mortgage is actually an FHA loan, complete with stock gaps and limits on the loan balance based on the appraisal, so it’s pretty hard to spend too much money on a reverse mortgage so that there is no equity left in the house at the time when the mortgage is ready to be paid off. 

It’s a regular mortgage in the sense that the homeowner actually owns the property and the bank doesn’t. It allows the homeowner the freedom to not make mortgage payments for any amount of time while they have the reverse mortgage in place.

This can be a good tool for some of our seniors, to allow them to stay in their house longer. If the owner of the mortgage passes before the mortgage is paid off, the heirs to that property actually have a full year after the homeowner’s passing to prepare it for the market or keep it in the family through a refinance.

If a reverse mortgage might be a help for you or somebody you know, give us a call or send us an email. We would love to get you in touch with our lender who has been helping us out recently with these reverse mortgages. We look forward to hearing from you!