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Crofton Residents are Preparing for Hurricane Irene

Crofton Sign 3Crofton residents are feeling relatively secure, compared to our neighbors in low-lying areas of Anne Arundel County and the nearby Eastern Shore of Maryland, as we anticipate Hurricane Irene over the weekend.

Hopefully everyone is prepared with plenty of glow sticks from the Dollar Tree as well as bottled water, canned food, peanut butter & jelly, toilet paper, batteries and other essentials.  But there are a few other things to remember:

Watch for a sequel to this post next Wednesday, August 31, when I expect to post some “after” photos.  In the meantime, let’s all hope there’s no serious damages or injuries in Crofton!

Online resources to follow for storm updates:

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Posted by Margaret Woda | Discussion: Comments Off on Crofton Residents are Preparing for Hurricane Irene

Refinancing a VA Loan

Crofton Real Estate Q & A

Q.  My current mortgage is 6.5% VA, with about 20 years remaining.  Should I refinance?

Money HouseA.  You should talk to a mortgage lender to find out if the numbers work for you.  Ask if your payment will go down or, if you get a 15–year loan, how much will you save by cutting five years of payments.

Refinancing a VA loan does not require the full loan application process.  Instead, you can get an Interest Rate Reduction Refinancing Loan (IRRRL).  Alan Gross, of Prime Lending in Gaithersburg, explains…

 

Refinancing A VA Loan. What is an IRRRL?

So what is a IRRRL? It’s the term used to refinance a VA Loan to lower the interest rate or switch from an Adjustable Rate Loan to a Fixed Rate Loan. IRRRL is short for Interest Rate Reduction Refinancing Loan.

VA does not require that an appraisal be or credit information be completed. But in today’s economy with house values having dropped in many parts of the country and many people struggling the lender may require both an appraisal and credit check be completed.

The IRRRL must always be a fixed rate loan. It can be for a 30 or 15 year term. The payment on the new loan must be less than the current payment unless the loan is being refinanced from an ARM to a fixed rate or the new loan term has shorter term than the current loan.

You may choose any lender that handles VA Loans to assist you with your IRRRL. There is no requirement that you go with the lender collecting your payments or the lender that originally did your loan.

Since you already have a VA Loan, no Certificate of Eligibility is required.

The IRRRL loan can include the existing loan balance, allowable fees and charges, up to $6,000 of energy efficiency improvements and the VA Funding Fee (May be waived in some ciricumstances.)

For more information on VA Loans go to: www.DCMilitaryVALoans.com

Alan Gross 
PrimeLending, A PlainsCapital Company
Office Phone: (240) 813-0614

If you’re undecided about refinancing, why not check with Alan or another lender who can help.

Reposted with permission.

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Posted by Margaret Woda | Discussion: Comments Off on Refinancing a VA Loan

CNN Names Crofton MD to Top 100 List

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The CNN Money annual list of the Best Places to Live includes Crofton MD at #82.  Most people in Crofton and the greater Crofton area would agree that our community is a “Best Place to Live,” but CNN Money has some stats to back up their claim. 

Here is the CNN Money comparison of Crofton with the average for all “best place” on their list:

 

Best Places to Live 2011

In my experience, the primary reasons most people choose to live in Crofton and the surrounding area are not reflected in these statistics. 

They include recreational opportunities (parks, golf, bowling, movie theaters), public resources (libraries, museums, and arts venues), commuting convenience (international airports, rail, and Interstate highways), nearby employment opportunities (D.C., Baltimore and Annapolis), well-maintained neighborhoods in various price ranges, local and regional shopping/restaurants, places of worship, and the highly involved residents who fuel our many community organizations. 

These benefits of living in Crofton can’t be easily measured, but they are priceless!

Button Find my Next Home      Button - Sell my home     Button Relocation Info

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Posted by Margaret Woda | Discussion: Comments Off on CNN Names Crofton MD to Top 100 List

Crofton supports our neighbor, Emma Warner

Baby Bears Buddies BenefitEmma Warner grew up in Crofton, and her parents probably expected to throw a college graduation party for her in 2011.  Instead, they’ll be attending a benefit for her at Blue Dolphin on June 16, from 4-7 p.m.

This event is our way of showing support to the Warner family as they face the daily challenges of rebuilding her body and brain, following a massive stroke that occurred when she was in recovery after surgery earlier this year.

If you’re unfamiliar with Emma’s story, you can click on Baby Bears Buddies Benefit and read the second page of the flier.  The first page has all the details for next week’s benefit at the Blue Dolphin.

Please join us!

Posted by Margaret Woda | Discussion: Comments Off on Crofton supports our neighbor, Emma Warner

Crofton Commuting Guide for Relocating Military Personnel

You have PCS orders to an installation in or near D.C., but the area is so massive… how can you decide where to focus your home search? 

Flags over Crofton ParkwayNorthern Virginia, the District of Columbia and several Maryland counties beckon, but one area always stands out:  Crofton.

It’s a military-friendly community that holds an Armed Forces Day parade annually, and American flags fly high above Crofton Parkway year-round. 

Excellent schools, affordable homes, and an easy commute to military facilities throughout the area are three more good reasons to choose a home and neighborhood in Crofton or nearby Gambrills, Davidsonville, Odenton and Bowie for your next home.

Fort Meade, USNA, Andrews AFB 

These distances are measured from the intersections of Rt. 450 and Rt. 3 near the former location of Jaspers.  As you can see, only Fort Belvoir is over 30 miles.  The commuting time to military installations on this list will vary, depending on time of day and traffic – but at least three of them are about a half-hour most days, even during rush hour.

At the very least, before you decide on any other community, take a tour of Crofton during your house-hunting visit to the D.C. area.  I’ll recommend a place to stay when you’re here, take you on a tour of various neighborhoods, and answer your questions from the perspectives of a military wife, local resident, real estate expert, and D.C. native familiar with Northern Virginia and other Maryland counties.

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Posted by Margaret Woda | Discussion: Comments Off on Crofton Commuting Guide for Relocating Military Personnel

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