Find Out More About the Fredericksburg Area Economy & Job Market
The Fredericksburg area economy is strong and growing. There are major manufacturing, industrial, government, military, defense contracting, professional, service and retail concerns in our area. One of the fastest growing areas is new construction, residential as well as commercial. There are businesses that have been existence for 100 years or more as well as new ones opening every day. Interstate I95 or The Virginia Railway Express (VRE) allows an easy commute to the Northern Va. / Washington DC area for those involved in higher government. The Greater Fredericksburg area is a wonderful place to live and work!!
Financing Your Home >Your Mortgage
Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a small amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save thousands of dollars in interest. The key is to do it properly and to find the right lender for whom prepayment is not a problem.
More progressive lenders allow the option to add money to the monthly payment which goes directly to the principal. How much should you add? It's largely a personal decision, and it depends on your cash flow. But be mindful of the fact that the mortgage interest rate is probably the lowest interest loan you will find, so don't short yourself with prepayment only to run up credit card debt!
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What are considered the ideal conditions for a buyer's market?
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| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
