Fredericksburg real estate and homes for sale in Virginia - The Belcher Team, REALTORS® The Belcher Team REALTORS(r) for Fredericksburg, Virginia real estate - NUMBER1EXPERTS™ The Belcher Team NUMBER1EXPERTS(tm) for Fredericksburg, Virginia real estate

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The Belcher Team, REALTORŪ, real estate agents and broker for Fredericksburg Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why we are top Fredericksburg Virginia real estate experts. Call us: 540-373-2800 Ext.135.





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Economy: Fredericksburg Virginia home buying, real estate listings, and homes for sale in Fredericksburg                 County, VA
Welcome > Local Info > Economy ...

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!!
 

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Real Estate Tips
Financing Your Home >Balloon Mortgages

In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.

Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.

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Real Estate Trivia
Q 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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The Belcher Team, REALTORŪ, real estate agents and broker for Fredericksburg Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Belcher Team
RE/MAX Allegiance

1671 Jefferson Davis Hwy., Suite 204
Fredericksburg, VA. 22401
Phone: 800-729-3013 x135
Phone: 540-373-2800 x135
eFax: 866-399-4753
Email: thebelcherteam@NUMBER1EXPERT.com
Email: thebelcherteam@gmail.com

"The Belcher Team" is consistently the Top Team recipients in the Fredericksburg Virginia area. Let our expertise make your real estate transaction easy. Please do not hesitate to calll us for more information.

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