Refinancing a Virginia home has a special tax exemption…

By Doug Francis

mortgage market Last week I attended a conference at George Mason University where a number of economists discussed many real estate related topics. One panelist, Dr. Frank Nothaft who is the Chief Economist of Freddie Mac, commented how mortgage rates are at almost 50 year lows and are probably going to remain low for the next 6-12 months.

So if that encouraged you to look into refinancing your home, please remember that Virginia residents who refinance with the same lender (read more) qualify for a recordation tax exemption. Compare rates but understand that this may save you some serious cash over those other lenders competing for your business.

I decided to regurgitate this post since rates have been up and down all year long, and some of you may be thinking about refinancing. There are plenty of mortgage people out there, but remember that I know some too that I am happy to refer!

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About Doug Francis

A seasoned Realtor specializing in unique and new homes around Vienna, Virginia, Doug has seen consumer behavior, negotiations and communication styles change. At his original brokerage, he was the first agent to add an email address. Imagine! Outside real estate, he plays tennis, is a Washington Capitals fan, spends time with Skipper (his dog), and enjoys the restaurant scene in the DCA. He's a Boston University graduate who feels morning coffee is non-negotiable.

When we bought our house in Vienna, we were thinking about raising the kids, updating a lot, and building an addition. With our kids now out of college, our plans are looking at our next phase, especially after seeing friends move away and adjust their lifestyles.

So, what’s next after 25 years? It’s a conversation lots of my clients are having with me as they plan to move to the beach, travel, or move closer to grandkids. Helping them see their future, sell their current home, and move ahead to their new plan has been an interesting new chapter.

My background: I am an active licensed agent in Virginia, have negotiated hundreds of sales contracts, work at TTR Sotheby’s International Realty in McLean, and still sell homes in all price ranges. I donate to the Town of Vienna tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Let’s discuss your moving plans: Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I'm licensed in Virginia with a focus on Vienna, VA real estate since 1991.

That deep knowledge is valuable, especially in today's fast-paced market where advice is critical. Although many of my clients are personally referred, I am available to help you too and am accepting new clients right now.

Feel free to contact me at 703-304-6827 or email me at doug@dougfrancis.com anytime!