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Portfolio Realty is a premier real estate firm serving Virginia, Maryland and Washington DC. The DC metro area real estate market demands high levels of skill, proficiency and knowledge. Whether you are eager to buy your first home, sell your nest egg, invest or relocate to the area, it is important to protect your investment by working with a local market expert.
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Shop Around Before Choosing a Mortgage

The chances that you find the home of your dreams after the first one you visit is highly unlikely.  Well this also applies when shopping for a lender or mortgage.  You wouldn’t commit after talking to one person or looking at just one loan right? Of course not!  Make sure you take the time to shop around and browse before you commit to a lender and loan.

Here are six reasons why you should shop around so you can make the best possible decision:

  1. To find the best interest possible – You have to look at the big picture and over the life of a loan on a $300,000, 30 year fixed rate loan, 1/10 of a point difference could save or cost you thousands of dollars.
  2. To pay lower loan fees – After you have filled out the loan application for the lender, you will receive a GFE(Goof Faith Estimate) that will show the itemized costs associated with your loan.  This is the time you can compare different lenders GFEs and asked why they’re different.
  3. Avoid prepayment penalty – Nowadays individuals and families are not staying in their homes for 30 years.  Therefore they are not paying down their mortgage over decades.  You will want to find out if there is a penalty to pay off your mortgage early for relocation purposes or to refinance.
  4. Find a lender you’re comfortable with – You want to feel comfortable enough to call your lender whenever you need to ask questions or get an explanation.  It’s also important that they’re responsive and will give you all the details.
  5. Find a lender that specializes in your situation – Depending on how the market has affected your credit, certain lenders have programs that will accommodate you while others will shut the door in your face.
  6. Get a rate lock you want – After searching for the right lender and loan for your situation, you will want to “lock” your rate.  This is a commitment in writing from the lender that your loan is a specified rate.  The locks can vary from 30-90 days, but some lenders will charge if it’s beyond 30 days.  Negotiate the lock period that is suitable for you.  You may realize that it will take a little longer to close the loan and you don’t want to risk losing that rate.

Here are some tools to give you idea of costs associated with buying a home:

Mortgage Calculator

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Affordability Calculator

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Closing Cost Estimator

Loan Information
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View/Edit Closing Cost Details

Homes for sale in Loudoun County:

  1. 5 beds, 5 baths
    Home size: 4,680 sq ft
    Lot size: 9,147 sqft
    Year built: 2004
    Days on market: 2
  2. 4 beds, 4 baths
    Home size: 3,939 sq ft
    Lot size: 9,147 sqft
    Year built: 2003
    Days on market: 2
  3. 5 beds, 5 baths
    Home size: 3,657 sq ft
    Lot size: 8,276 sqft
    Year built: 2007
    Days on market: 2
  4. 4 beds, 5 baths
    Home size: 6,321 sq ft
    Lot size: 10,019 sqft
    Year built: 2006
    Days on market: 3
  5. 5 beds, 5 baths
    Home size: 5,754 sq ft
    Lot size: 19,602 sqft
    Year built: 2000
    Days on market: 3
  6. 5 beds, 5 baths
    Home size: 4,915 sq ft
    Lot size: 27,006 sqft
    Year built: 2007
    Days on market: 3
  7. 6 beds, 5 baths
    Home size: 4,537 sq ft
    Lot size: 9,582 sqft
    Year built: 1997
    Days on market: 3
  8. 4 beds, 4 baths
    Home size: 5,378 sq ft
    Lot size: 1.35 ac
    Year built: 1995
    Days on market: 3
  9. 4 beds, 4 baths
    Home size: 4,262 sq ft
    Lot size: 8,276 sqft
    Year built: 2006
    Days on market: 3
  10. 6 beds, 5 baths
    Home size: 4,989 sq ft
    Lot size: 8,712 sqft
    Year built: 2001
    Days on market: 3
  11. 5 beds, 5 baths
    Lot size: 13,068 sqft
    Year built: 1999
    Days on market: 3
  12. 6 beds, 5 baths
    Home size: 4,063 sq ft
    Lot size: 6,534 sqft
    Year built: 2009
    Days on market: 3
  13. 5 beds, 5 baths
    Home size: 4,534 sq ft
    Lot size: 6,534 sqft
    Year built: 2007
    Days on market: 3
  14. 4 beds, 4 baths
    Home size: 2,986 sq ft
    Lot size: 8,712 sqft
    Year built: 1996
    Days on market: 3
  15. 5 beds, 4 baths
    Home size: 3,107 sq ft
    Lot size: 9,147 sqft
    Year built: 1997
    Days on market: 3
  16. 3 beds, 4 baths
    Lot size: 4,356 sqft
    Year built: 2000
    Days on market: 3
  17. 4 beds, 4 baths
    Home size: 5,376 sq ft
    Lot size: 32,234 sqft
    Year built: 2007
    Days on market: 4
  18. 4 beds, 4 baths
    Home size: 5,576 sq ft
    Lot size: 3.00 ac
    Year built: 1996
    Days on market: 4
  19. 4 beds, 5 baths
    Home size: 5,006 sq ft
    Lot size: 10,019 sqft
    Year built: 2004
    Days on market: 4
  20. 5 beds, 5 baths
    Home size: 4,314 sq ft
    Lot size: 13,068 sqft
    Year built: 1997
    Days on market: 4
  21. 5 beds, 4 baths
    Home size: 4,707 sq ft
    Lot size: 22,215 sqft
    Year built: 2004
    Days on market: 4
  22. 4 beds, 4 baths
    Home size: 3,800 sq ft
    Lot size: 9,147 sqft
    Year built: 2005
    Days on market: 4
  23. 4 beds, 4 baths
    Lot size: 11,760 sqft
    Year built: 2000
    Days on market: 4
  24. 5 beds, 4 baths
    Lot size: 6,098 sqft
    Year built: 2008
    Days on market: 4
  25. 5 beds, 4 baths
    Lot size: 6,969 sqft
    Year built: 2002
    Days on market: 4

See all *Loudoun Homes.
(all data current as of 6/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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