Just Jennifer Real Estate Group

Just Jennifer Real Estate Group Just Jennifer Real Estate Group is here for all of your Virginia real estate needs. With expert experience in Fairfax, Prince William and Loudoun Counties, we are here to make your next real estate adventure one that is priceless.
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09/09/2017

Ready to get your luxury home sold??? Contact me for the best listing strategy in the Northern Virginia area. Average time on market for my homes is 20 days...

09/07/2017

Now that the school year has started and the market has calmed down, let me help you get a great deal on a new home. Contact me for the inside scoop on some upcoming deals!

12/31/2015

Ready to get in on the REO market??? Contact me for the best deals in the Northern Virginia area. Average time on market for my homes is 30 days...

01/20/2014
New mortgage rule could push some borrowers into ‘shadow’ lending industry | Inman News

Watch Out for "Shadow" Mortgages!

The debt-to-income ratio requirement part of a new mortgage rule could spur some low-income borrowers to take out loans with mortgage rates that far exceed those available to wealthier borrowers, David Stevens, CEO of the Mortgage Bankers Association, told The Washington Post.

The “qualified mortgage rule,” which kicks in today, is designed to discourage risky lending by offering some legal protections to banks who originate mortgages that adhere to certain requirements. According to the rule, qualified mortgages may not carry risky features or exorbitant upfront fees, and banks may offer them only to borrowers whose debt burden won’t be more than 43 percent of their income.

“We’re seeing institutions building business models to take advantage of that side of the market, charging 8 percent to 9 percent interest rates,” Stevens told The Washington Post. “We need clear consumer protections … but nobody wants to push middle-class families on the margins into a shadow industry of high-priced mortgages.”

Wells Fargo is one lender that has disclosed that it’s gearing up to offer more mortgages to borrowers who might not be eligible for qualified mortgages.

Source: The Washington Post

- See more at: http://www.inman.com/wire/new-mortgage-rule-could-push-some-borrowers-into-shadow-lending-industry/#sthash.B9trlHOg.dpuf

New mortgage rule could push some borrowers into ‘shadow’ lending industryshare this Jan 10, 2014 The debt-to-income ratio requirement part of a new mortgage rule could spur some low-income borrowers to take out loans with mortgage rates that far exceed those available to wealthier borrowers, David…

01/09/2014

HAPPY NEW YEAR!! The market is just right for buying and selling - especially in Virginia, Maryland and DC. Get in while the getting is good. If you are located in another area and need a referral, let me know.

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09/23/2013

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08/26/2013

What's Your Home Worth? Find out with a free, no-obligation home valuation report. Contact Jennifer at [email protected] or (703) 860-4600.

Address

44330 Premier Plz, Ste 210
Ashburn, VA
20147

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