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Real Estate Resources:
Special Offers - Special offers for Fairfax County, Arlington County, Loudoun County and Alexandria homeowners from Matthew Chae & the Helping You Home Team.
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Monthly Payments & Schedule - Monthly loan payments java mortgage calculator.
How Much Can You Afford? - Calculate how much home you can afford with this financial calculator.
Determine Tax Savings - Calculate how much your monthly Fairfax County, Arlington County, Loudoun County and Alexandria, Virginia mortgage payments save you on your taxes because of loan interest.
Should You Rent or Buy? - Is it better to rent a home in Virginia or buy your own Fairfax County, Arlington County, Loudoun County and Alexandria house, ranch, luxury property, condominium, acreage, or other real estate?
Adjustable Rate Mortgages - Adjustable rate Fairfax County, Arlington County, Loudoun County and Alexandria mortgages information and interest rate java calculator.
What Is Your APR? - Determine the Annual Percentage Rate (APR) for your mortgage.
Fixed or Adjustable Rate Mortgage? - Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Are Balloon Mortgages For You? - Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers.
15 vs. 30 Yr Mortgages - With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms.
How Much Should Your Income Be? - What income is required to qualify for a mortgage? Use this calculator to find out.
What's Your Maximum Mortgage? - This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount.
Will Buying Points Save You Money? - This calculator helps you determine if you should pay for points, or use the money to increase your down payment.
TripleCalc - FREE Software Download: TripleCalc lets you compare three loans at one time for your property or other Virginia real estate.
Top National Real Estate Web Sites - Real Estate Web Sites that include some unique sources of realty information, listings, and more.
Ask Anything - Ask Matthew Chae & the Helping You Home Team anything real estate.
NUMBER1EXPERTS™ - List of all the NUMBER1EXPERT™ real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale.
Real Estate Tips - Matthew Chae & the Helping You Home Team's realty library of real estate tips and advice on everything from preparing your home for sale to negotiating with home buyers to escrow, closing costs, property inspections, and mortgage brokers.
Real Estate Trivia - Matthew Chae & the Helping You Home Team's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more.
Real Estate Dictionary - Complete real estate dictionary and glossary of realty words you'll use when you list and sell your Fairfax County, Arlington County, Loudoun County and Alexandria property in Virginia, including legal terms definitions, and more.
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Real Estate Contracts >Legal Documents
The stacks of papers that you have to sign in order to buy a house can leave you confused. The person conducting the closing will ask you to sign your name to countless documents that are filled with legal jargon. Some buyers just barely glance at each form and sign them without a lot of questions, while others find it very frustrating to try to read every form at the closing table.
You should read and understand the papers you sign. If you are getting a loan to buy the property, most of the paperwork will come from the mortgage company. In most cases, there is little time to read everything in advance because the forms arrive at the closing office shortly before closing is scheduled to begin. Most of the documents use standardized language, however, and you should be able to get copies of the documents ahead of time from the lender so that you can have your questions answered and be comfortable with the settlement process.
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Matthew Chae & the Helping You Home Team Keller Williams Realty 12700 Fair Lakes Circle, Suite 120 Fairfax, VA 22033 703-266-4544 Fax: 703-547-8747 matthewchae@NUMBER1EXPERT.com
With over 30 years in northern Virginia and more than 13 years of sales and consulting experience, Matthew uses his wealth of real estate market knowledge and experience to provide his clients with the best experience during a real estate transaction. He understands that home buying or selling is a very big step and works diligently to make sure his clients are taken care of and supported throughout the entire process. His goal is NOT to “sell” his clients but rather to consult and help them on their real estate needs.
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