Review of the Wethman Group
April 30, 2012 by Katie Wethman · Leave a Comment
We here at the Wethman Group are so lucky to work with wonderful clients. In fact, over 60% of our business since 2010 has been referrals from past clients and friends. We strive to make every transaction smooth and constantly troubleshoot potential issues. We’re grateful for our clients and the referrals they send us. Here [...]
Top Posts for Relocation Resources When Moving to Washington, DC, or Northern Virginia
April 9, 2012 by Katie Wethman · Leave a Comment
Continuing our “Best of” Series, we have posted below links to some of our most useful relocation resources for clients. Even the most seasoned mover usually has the same same concerns and surprises when arriving in the DC metro area: Commuting – DC is forever making “Worst Traffic” lists. You can NOT assume that 1 [...]
FAQ: Can my Parents Give Me a Gift to Help with my Down Payment?
April 2, 2012 by Katie Wethman · Leave a Comment
I work with a lot of first time buyers in the DC area, which is a very expensive market and thus many clients have their parents help out either with down payment assistance or co-signing the loan. The most important thing is to get a trusted lender involved very early in the process. Lenders sometimes [...]
Top Buyer Resources
March 26, 2012 by Katie Wethman · Leave a Comment
Over the years we have accumulated quite a mass of blog posts. There is so much information out there that sometimes it can be difficult to find information when you aren’t sure where to begin! Though we do have a search box on the right hand bar, sometimes it’s easier to have the links laid [...]
Changes Coming to FHA Fees
March 12, 2012 by Katie Wethman · Leave a Comment
Bad news for FHA home buyers: On April 1 your costs are going up, and that’s no joke. As required by the Temporary Payroll Tax Cut Continuation Act of 2011, FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. [...]
Tips for Choosing a Realtor
February 20, 2012 by Katie Wethman · 1 Comment
The Washington Post had a great article in this weekend’s Real Estate section called “Buying a Home? Here are a few tips.” In addition to addressing financial items like checking your credit score and getting a pre-qualification letter from a reputable lender (not just any lender—a reputable lender), the author had a section on selecting [...]
Buyer’s Closing Costs
January 31, 2012 by wethmangroupadmin · Leave a Comment
Many buyers are aware that there are fees related to the purchase of a new home—a rough guide is 2.5% to 3% of the transaction value—but what are these fees, and are there ways to minimize them? First, a few clarifications. Both buyers and sellers have closing costs in a transaction. The sellers’ costs are [...]
Buying a Home in 2012?
January 16, 2012 by Katie Wethman · Leave a Comment
Is buying a home one of your 2012 goals? It can be a long process, but it doesn’t have to be complicated if you do a little prep work. Get started by attending a free, no obligation first time home buyer class at Arlington Central Library on February 29 at 7:00 pm. Our first time [...]
Tips for Couples Buying Their First Home Together
December 12, 2011 by Katie Wethman · Leave a Comment
Buying a home means starting a new phase of your life. It’s big, it can be scary, and it’s tough to make decisions. Add a second person into that mix and it can be overwhelming! Here are a few tips to get started if you and a significant other are buying your first home together: [...]
Washington, DC, Delinquencies and Shadow Inventory
December 5, 2011 by Katie Wethman · Leave a Comment
The Mortgage Banker’s Association reported that the seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 7.99% in the third quarter of 2011, the lowest level recorded since the fourth quarter of 2008. While any decrease is good news, don’t get too excited just yet– it’s a decrease of just 45 [...]
