May 20
The Real Cost of Borrowing in Virginia 💸
Interest rates are only half the story. 📖
When you are buying a home in Glen Allen, the fees attached to your loan type can completely change your monthly budget.
🔹 VA Loans: No monthly mortgage insurance.
🔹 FHA Loans: Permanent mortgage insurance for the life of the loan.
🔹 Conventional Loans: Insurance drops off once you hit 20% equity.
Don’t get stuck in a bad contract because you skipped the math. Let’s map out a strategy that fits your long-term wealth goals.