Hello! It has been so long since i have posted here and that’s never good. I became distracted (with life and love and children) and disheartened (with my love of real estate) and contemplated whether to give up. Recently though, I figured out that this blog is needed and how I can be of help as well as how it can help me to teach and reach many not clear, muddy and confused in all of this process with buying, refinancing and general closing. So, I am back to answer questions, offer my insight and place my “two cents” in the cyber stratosphere.
I want to start off this blog giving a little insight as to what, why, and how I do this and where my inspiration comes from. I am a late twenty something mom who bought her first home almost two years ago in 2011. It was a long and daunting process and I closed on my property a month after having my second son. The process started three years before that. It involved discussions of credit scores, dispute letters, multiple programs to fund my down payment and plenty of angst and worry. Did I mention I did all this toward the end alone? My fiance(who would later become my husband) was away and couldn’t be there except through emotional support. It was tough.
First, I wavered as to whether I wanted to buy in MD (nothing against MD since I had lived there for most of my life) or DC. DC won due to the great down payment programs (more on those real soon). Once I decided where, I had to move there and I happened upon a great savings program called an IDA Savings Account. Basically for every dollar I saved, the sponsor would match the amount up to a certain cap. It helped at closing knowing I had saved towards my home. I also used the Home Purchase Assistance Program (HPAP). This is an excellent program and what actually convinced me to move to DC. It was tedious and I had to open my life to not one but two lenders to buy my home, but it was worth it the day of closing.
Around the time of moving to DC I changed careers. I work in a successful title and escrow company and it came in handy for closing. It’s also how I gained knowledge that a lot of people become overwhelmed and don’t understand what is happening, even after all papers are signed. It’s especially true dealing with lower income households. That’s why I am here! I can highlight and go into depth about the excellent programs, credits, and anything extra to help you OWN your slice of the pie. This doesn’t just apply to DC but MD and VA have great programs as well and I will touch on those as well. So I hope you stay for the wonderful ride!