Wes Wolfe - Intercoastal Mortgage Company

Intercoastal Mortgage Company offers a complete menu of options from conventional to VA and FHA loans; jumbo and super jumbo loans; construction and renovation loans and bridge loans. We also originate Second money trusts and HELOC.

I believe that purchasing a new home is the biggest and most important financial investment a person can make. I want to make sure each loan I work on is completely customized to my clients. I enjoy helping my clients find what they need in a home loan and solve each problem with confidence and ease of mind. I can help you streamline the process and get you closed very efficiently. I am Licensed in Virginia, Maryland, DC, North Carolina and Florida. Contact me at anytime.

Refinance with a VA loan -
An even better option is to refinance with a VA loan. Millions of veterans, as well as anyone on active duty and those in the National Guard and reserve units, are eligible.

With the Department of Veterans Affairs standing behind these loans, they're also less risky for lenders.That means you can have a lower credit score and less home equity than you'd need for a conventional loan and, in some cases, a higher debt-to-income ratio.

Indeed, you can have no equity and qualify for a new mortgage, and there's never any mortgage insurance required with a VA loan.

#Refinancing #HomeLoan #Refinance #Mortgage

Refinance with a conventional loan:
Property values have increased in most parts of the country, boosting the amount of equity homeowners hold.

The more equity you have — the difference between the balance on your current mortgage and your home's current market value — the easier it is to refinance.

Borrowers with good credit and 20% equity can qualify for a conventional loan, which is the most common, and usually the cheapest, way to go for most borrowers.

#Refinancing #HomeLoan #Refinance #Mortgage

Last week, The Federal Reserve decided to lower rates which is generally good news for homeowners because it indicates that interest rates will likely stay in the very low ranges they’re at right now or they could continue to go lower.

This is great news for people looking to buy or refinance a home because rates are at some of the lowest points we’ve seen in years!

Do you qualify for a refinance? Let's get in touch!

#Refinancing #HomeLoan #Refinance #Mortgage


Mortgage rates sink to their lowest levels in 21 months after six weeks of declines

Mortgage rates are below 4%. The 30-year fixed rate fell for the sixth week in a row and hasn't been this low since September 2017!

With mortgage rates so low, now is the time to refinance! If you're interested in a FREE mortgage analysis, let's talk!

Email: [email protected]
Office: 703-342-4633

#MortgageRates #Refinance #LoanOfficer

washingtonpost.com The 30-year fixed-rate average hasn't been this low since September 2017.

The Wolfe Pack would like to wish you a safe and fantastic Memorial Day weekend! #MemorialDay2019


Why You Should Sell Your Home in 2019

Few people are predicting that 2019 will be a record-breaking year for home prices.

But relatively speaking, 2019 might be the best time for you to put your house on the market. Especially if you’re on the fence about selling this year or next, Nick Ron, CEO of House Buyers of America, recommends going with the devil you know rather than the devil you don’t.

#SpringMarket #MarketUpdate #RealEstate #Mortgage

realestate.usnews.com Housing markets may not be as hot as previous years, but selling now could be your best bet.


Real estate: 3 challenges facing first-time homebuyers this spring

As a first time homebuyer - what can you expect going into the busy season?

Check out: Real estate: 3 challenges facing first-time homebuyers this spring

#SpringMarket #MarketUpdate #RealEstate #Mortgage

usatoday.com Challenges for first-time homebuyers this spring include prices, and availability of homes and mortgages.


Tips to sell your home fast in a crowded spring market | WTOP

In some industries, the start of summer signals long weekends and relaxed deadlines. But in the real estate world, business doesn’t slow down when the warm weather hits — that’s when things start to heat up.

With April, May and June being the hot months to buy and sell...here is what you need to know!

#SpringMarket #MarketUpdate #RealEstate #Mortgage

wtop.com If you have plans to list a property this season, or are thinking of doing so in the future, two real estate experts share some tips to make the selling process go a little smoother.


Housing market continues cooldown

Market Update: After accelerating at a steady clip for several years, home-price growth has slowed this spring as the housing market continues to cool down.

#SpringMarket #MarketUpdate #RealEstate #Mortgage

housingwire.com After accelerating at a steady clip for several years, home-price growth has slowed this spring as the housing market continues to cool down. Home prices increased just 3.7% year over year in March, according to the latest data from CoreLogic, increasing by just 1% from the month before. And, data s...


VA Certificate of Eligibility - Information | Zillow

Let's talk the Certificate of Eligibility!

Current or past members of the U.S. military can finance up to 100 percent of their home purchase with a VA loan that has no mortgage insurance or prepayment penalties.

This is done with a document called the Certificate of Eligibility (COE). The VA requires that all lenders making VA-backed loans include this in their loan approval process. The fastest way to get your COE is through a lender.

#Veteran #VALoan #Mortgage #COE #Loan

zillow.com VA Certificate of Eligibility (COE) are backed by the U.S. Department of Veteran's Affairs and made by local mortgage lenders throughout the country.

Congrats to my BFFs on there new place. We are so happy for you guys! @cheathhc @jkess1851 #justinlooksliketheloanofficer #wolfepack #mortgages #rates

So what are the benefits to a VA loan?

Let's check them out!

#VALoans #Veteran #VA #Mortgage #Loan #Military


Eligibility - VA Home Loans

Who Is Eligible for VA Loans?

VA loans are designed for military personnel, veterans, and military families. Here is a list of those that are on that list:

- Veterans
- Active-duty personnel
- Reserve members
- National Guard members
- Some surviving spouses

Unsure if you qualify? Check out the VA website!

benefits.va.gov Eligibility page for the VA Loan Guaranty Service

Did you know that there are three types of VA Loans?

- Purchase Loans
- Interest Rate Reduction Refinance Loans (or IRRRL, also referred to as a VA streamline refinance loan)
- Cash-Out Refinance Loans

Let's talk to see which works for you!

#VALoans #Veteran #VA #Mortgage #Loan #Military

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders to veterans, active military personnel, and military spouses who qualify.

#VALoans #Veteran #VA #Mortgage #Loan #Military


FHA Mortgage Insurance: What You Need to Know

Mortgage Insurance...do you need it with an FHA loan? The answer is yes!

Let's dive into it a bit more.

#FHA #FHALoan #Mortgage #Loan #MortgageLoan

nerdwallet.com If an FHA loan is ideal for you, the mortgage insurance premium is something you’re likely going to have to live with for the life of the loan. The FHA requires mortgage insurance for all loans, which comes with an annual premium and upfront premium.

Getting updates on what’s new at the monthly Loan Officer Meeting at Intercoastal Mortgage Company!


FHA Loan Requirements for 2019

FHA loan requirements are published in a handbook more than 1,000 pages long. You would need to drink at least a 20-ounce cup of coffee with a turbo shot just to stay awake through the first 20 pages. Good news: You don’t have to do that, because NerdWallet summarizes the rules for you.

Here’s what you need to know about the requirements to get a Federal Housing Administration loan, without the jargon and footnotes — about topics such as debt-to-income ratios, loan limits and credit scores.Check it out!

#FHA #FHALoan #MortgageLoan #Mortgage #Loan

nerdwallet.com FHA loans include low rates and low down payments, but you'll need to meet FHA loan requirements for credit score, property appraisal and more.

Let's talk FHA! An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5% for lower credit scores. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.

#FHA #FHALoan #Mortgage #Loan #MortgageLoan


Fannie Mae low down payment mortgage requires just 3 percent down

Let's talk conventional loans and down payment options!

#DownPayment #Conventional #Loan #Mortgage

themortgagereports.com A low down payment mortgage option is available to today's home buyers. The 97 percent LTV program can be used to refinance, too. Q&A plus access to live rate quotes.

What about down payments on VA loans?

These are perhaps the biggest advantages to a VA loan. You don’t need a down payment. None whatsoever. Most mortgage programs, such as FHA and conventional loans, require at least 3.5 percent to five percent down.That’s up to $12,500 on a $250,000 home purchase.

With a VA loan, you can buy immediately, rather than years of saving for a down payment.

via: va.gov

#DownPayment #VALoan #Mortgage #Loan


FHA Down Payment Requirements 2019: The Definitive Guide – FHAHandbook.com

Let's talk down payment for FHA loans: Borrowers who use an FHA-insured mortgage loan to buy a house in 2019 must put down at least 3.5% of the purchase price or the appraised value of the home (whichever amount is less). That is the minimum requirement in 2019, according to HUD Handbook 4000.1.

Additionally, borrowers must have a credit score of 580 or higher to qualify for the 3.5% down payment option mentioned above.

#DownPayment #FHA #FHALoan #Mortgage #Loan

fhahandbook.com FHA Down Payment Requirements 2019: The Definitive Guide By Brandon Cornett | © 2019, all rights reserved | Duplication prohibited Find out if you're eligible for an FHA loan. LendingTree.com FHA down payment requirements at a glance: Borrowers who use an FHA-insured mortgage loan to buy a house in...

What is a down payment?

#DownPayment #Payment #Mortgage #Loan


How Much Down Payment Do You Need to Buy a Home?

While everyone loves a 20% down payment, many first-time buyers put down much less. Let's spend this week talking down payments!

#DownPayment #Payment #Mortgage #Loan

nerdwallet.com What is the right down payment amount for you? 20% down payments are recommended but government-backed programs require much less. We help you decide what down payment percentage is right for you and how much you'll need.

If you get a USDA loan, the program is similar to the FHA, but typically cheaper. You’ll pay for the insurance both at closing and as part of your monthly payment.

If you get a VA loan, the VA guarantee replaces mortgage insurance, and functions similarly. With VA loans, which are loans intended to help service-members, veterans, and their families, there is no monthly mortgage insurance premium. However, you will pay an upfront “funding fee.”

#MortgageInsurance #Mortgage #Insurance #Loan #VA #USDA

Let's talk about MI in relation to an FHA Loan. If you get a Federal Housing Administration (FHA) loan, your mortgage insurance premiums are paid to the Federal Housing Administration (FHA). FHA mortgage insurance is required for all FHA loans. It costs the same no matter your credit score, with only a slight increase in price for down payments less than five percent. FHA mortgage insurance includes both an upfront cost, paid as part of your closing costs, and a monthly cost, included in your monthly payment.

#MortgageInsurance #Mortgage #Insurance #FHA #Loan

There are several different kinds of loans available to borrowers with low down payments. Depending on what kind of loan you get, you’ll pay for mortgage insurance in different ways:

If you get a conventional loan, your lender may arrange for mortgage insurance with a private company. Private mortgage insurance (PMI) rates vary by down payment amount and credit score but are generally cheaper than FHA rates for borrowers with good credit. Most private mortgage insurance is paid monthly, with little or no initial payment required at closing.

#Mortgage #Insurance #MortgageInsurance #Loan

Typically, borrowers making a down payment of less than 20 percent of the purchase price of the home will need to pay for mortgage insurance. Mortgage insurance also is typically required on FHA and USDA loans. Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get. But, it increases the cost of your loan. If you are required to pay mortgage insurance, it will be included in your total monthly payment that you make to your lender, your costs at closing, or both.

#Mortgage #MortgageInsurance #Insurance #Loan

It is Earth Day and at ICM, we have gone green! What can you do to help make this world a better place?

#EarthDay #Recycle #GoGreen

Happy Earth Day! We’ve ditched the plastic utensils and paper plates and sticking with re-usable kitchenware!

We’re also designating bins for recycling and garbage in the kitchen so we can do our part to make a greener world 🌎

If you want to go green - check out your town’s local recycling guide to see what your town accepts and doesn’t accept in recycling containers! You can check out others ways to go green here: https://theartofsimple.net/tips-to-go-green-at-home/

Just because it's Friday, doesn't mean you can slack off! Get it done today and save yourself from the Sunday Scaries and Monday Blues! You can do it!

#Friday #GetItDone #YouGotThis

As you might expect, payment history is the most influential component in your credit score, followed closely by the amounts you owe. To lesser degrees, the length of time you've utilized credit, the number of new accounts or inquiries you have, and the various types of credit accounts you hold also impact your score. Overall reporting also looks at how these factors relate to each other in the context of your personal usage.

#Credit #UnderstandingCredit #Payment #Loan

We are rounding out this weeks topic with my 4 tips to help you raise your credit score.

Do you have any? We would love to know what you did to help better your score!

#Credit #CreditHistory #Loan #Mortgage #Share


7 Ways To Improve Your Credit Score | Bankrate.com

Credit scores take into account years of past behavior you can find on your credit report, and not just your present actions. So if you are looking to increase your credit score, it will not happen over night.

Let's dive deeper into the 7 points from yesterday about what you can start doing today!
#CreditScore #Credit #ImrpovingCredit #Mortgage #Loan

bankrate.com Paying off your balances in full is just the beginning of a path toward better credit.

If you find that you aren’t getting approved for credit cards or loans, or aren’t getting favorable rates for financing, then you might need to make some improvements to your credit score.

These 7 tips can help you get your credit score where you need it to be. Stay tuned tomorrow as we dive into these with more detail!
#CreditScore #Credit #ImrpovingCredit #Mortgage #Loan

Who else has that Friday feeling? The weekend is almost here! Finish the day off strong and enjoy the weekend!

#Friday #FridayFeeling #Weekend


ARMs and Fixed-Rate Mortgages: What's the Difference?

When you get a mortgage, you need to choose between adjustable-rate mortgages (ARMs) and fixed-rate loans. The choice you make could have a significant effect on your borrowing cost, so it’s critical to weigh the pros and cons.

Check out these points to help you make your choice and give The Wolfe Pack a call today!

#ARM #FixedRate #Mortgage #Rate #Loan

thebalance.com Fixed rate mortgages provide predictability, but you may pay a higher rate (at least in the early years). See how ARMs differ from fixed-rate loans.

Fixed Rate and Adjustable Rate - What is the difference?

The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down.

#FixedRate #ARM #AdjustableRate #Mortgage #Loan

This week we are going to break down the difference between a fixed-rate and adjustable-rate mortgage!

Stay tuned and Happy Monday!

#FixedRate #AdjustableRate

Lfestyle and affordability are two reasons first-time buyers in particular are choosing Purcellville.

Newly constructed single-family homes are available from the $500,000s in Purcellville, along with newly built townhouses priced from the $300,000s. Large single-family homes with plenty of acreage are priced in the millions.

While many people enjoy the rolling hills and scenic views of mountains and trees, Purcellville has experienced growth recently, with more restaurants and shops opening along Main Street in the center of town.

#Loudoun #NeighborhoodSpotlight #Purcellville


Wolfe Pack Questionnaire

Rates are at their lowest point in the last two years which means a refinance of your current mortgage could potentially save you hundreds of dollars a month in housing payments. I've put together a simple questionnaire that will help my team quickly and efficiently determine whether or not a refinance makes sense for you. The form takes less than a minute to complete and we'll get back to you within 24 hours with our findings.



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