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January 2016

Found 2 blog entries for January 2016.

Cleveland Park $799,000
3197 Porter Street NW

Be the first in the door! Call Marjorie 240-731-8079
Charming 3 bedroom, 1 1/2 bath semi-detached Tudor. Living room with fireplace, separate dining room with built-ins, sunroom, kitchen opening to back yard, brick patio & detached garage. Unfinished attic room & basement. Close to Metro, movies, library, post office, restaurants, shops & Zoo.

Cleveland Park $1,295,000
3520 35th Street NW

Sneak a Peek! Call Marjorie at 240-731-8079
Classic 4-5 bedroom, 3 bath detached home in the heart of the neighborhood. Welcoming front porch and bright entry. Living room with fireplace & bay window, formal dining room, eat in kitchen includes huge pantry with Elfa shelving, opens to back deck & lovely garden. Lower

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from "Keeping Current Matters" January 21, 2016

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

  • 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
  • 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
  • 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required

To help correct these misunderstandings, let’s take a look at the latest Ellie MaeOrigination

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