All Forum Posts by: Peter Chan

I will need to find a small place for myself and rent out additional room if necessary. 

Taking out a mortgage may not be easy since I don't currently have a 9-5 job. Plus, the mortgage rate is still high and I am not kin to pay the high interest either. 

I understand there are benefits to a 1st time homebuyers but it seems like most are related to down payment assistance. Is there other benefits I will miss out as a 1st time homebuyer if paying all cash? Plan to purchase in northern Virginia or Maryland. Thanks. 

If my expectation of the interest rate is that it will be lower than what it is now by 2027-2028? 

Should I take advantage of the lower 5-year ARM rate now and hope to receive an even lower rate 5 years later?

Or take a 30-year and refinance 5 years later? 

I understand for either scenario to work, my assumption of the interest rate has to be correct. 

Well, been a long time lurker but here I am. :)

Even my relatives who are active in buying and selling properties are saying so. Do you see a sign of overheating at the moment? 

Also looking for an agent to help looking and putting offer together. What I need is simple and definitely not feeling like paying tens of thousand of $$ (not technically out of my pocket in VA) in commission. With all that said, what are my options?