Why Talk to Ray?
With Ray's successful career of over sixteen
years in real estate, he has personally experienced all the ups and downs
of the market. Since 1984, he has coordinated hundreds of new home sales as
well as easing the transition for families as they move on to new horizons.
Ray's expertise lies in his complete understanding of all facets of real
estate, from buying and selling, to an all-encompassing grasp of the individual
financial aspects for each client.
Ray's background and success has earned him
top honors in every club available including Lifetime Re/Max Hall of Fame
member, Re/Max Platinum Club, and the $10 Million Plus Sales Producer in 1999
with the Northern Virginia Association of Realtors.
Ray's promise he makes to every one of his
clients is to provide quality service, as a full-time agent, to achieve the
client's goals.
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Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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Where is the world's largest mud building?
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The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season. |
 See More Real Estate Trivia > |
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Ray Gernhart and Associates
RE/MAX Allegiance
5100 Leesburg Pike
Alexandria, VA. 22302
Direct: 703-824-4731
Toll Free: 800-278-8504
Cell: 703-855-6384
Fax: 866-253-8757
talktoray@NUMBER1EXPERT.com
With Ray's successful career of over twenty years in real estate, he has personally experienced all the ups and downs of the market. Since 1984, he has coordinated hundreds of new home sales as well as easing the transition for families as they move on to new horizons. Ray's expertise lies in his complete understanding of all facets of real estate, from buying and selling, to an all-encompassing grasp of the individual financial aspects for each client. Call or email America's NUMBER1EXPERT™ in real estate for the Alexandria area today!    
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