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Experience Matters

Serving Bealeton, Culpeper, Fredericksburg, Stafford, Gainesville, Manassas, Warrenton, Woodbridge, Quantico, and surrounding Northern Virginia communities with care, expertise, and commitment.

Local, Loyal, and

Leveraged

  • $280K - $985K

    Price Range

  • $695K

    Average Listing Price

Get your guide

Avoid costly mistakes and buy with confidence. Get the essential guide every home buyer should read first.

How to Sell Your Home for the Best Price
Selling Your Home Without Costly Mistakes

Words to Know

Home Mortgage:

A loan offered by a bank, mortgage company or other financial institution for the purchase of a primary or investment residence. In a home mortgage, the owner of the property (the borrower) transfers the title to the lender on the condition that the title will be transferred back to the owner once the loan has been fully paid and all other terms of the mortgage have been met.

Borrower:

The person borrowing the mortgage money, who either has or is creating an ownership interest in the property.

Lender:

Any organization lending the mortgage money, but usually a bank or other financial institution (Lenders may also be investors who own an interest in the mortgage through a mortgage-backed security. In such a situation, the initial lender is known as the mortgage originator, which then packages and sells the loan to investors. The payments from the borrower are thereafter collected by a loan servicer.).

Principal:

The original dollar amount of the loan, which may or may not include certain other costs; as any principal is repaid, the principal amount will decrease.

Interest:

A financial charge for use of the lender's money.

Mortgage Loan Types

The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable-rate mortgage (ARM) (also known as a floating rate or variable rate mortgage).

In a fixed rate mortgage, the interest rate, remains fixed for the life (or term) of the loan. In case of an annuity repayment scheme, the periodic payment remains the same amount throughout the loan. In case of linear payback, the periodic payment will gradually decrease.

In an adjustable rate mortgage, the interest rate is generally fixed for a period of time, after which it will periodically (for example, annually or monthly) adjust up or down in relation to a market index. Adjustable rates transfer part of the interest rate risk from the lender to the borrower, and thus are widely used where fixed rate funding is difficult to obtain or prohibitively expensive. Since the risk is transferred to the borrower, the initial interest rate may be, for example, 0.5% to 2% lower than the average 30-year fixed rate; the size of the price differential will be related to debt market conditions, including the yield curve.

Mortgage Loan Process

Mortgage Pre-Approval Process
House Shopping
Mortgage Loan Application Process
Mortgage Loan Processing
Mortgage Loan Underwriting
Mortgage Closing Process
Funding

More Help

Kayla Scott
Kayla Scott
Our team of local financing experts are ready to guide you through the home buying process. We're committed to fast, professional, courteous and personal service to help you understand and feel at ease throughout the home buying process. Our trained and certified loan originators specialize in financing homes in the local area real estate market. We are prepared to find the right loan program with competitive rates and low upfront costs for you.
kayla@scottpremierrealty.com +1(540) 935-1085

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Mortgage Calculator

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Affordability Calculator

AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
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REVIEWS

"Kayla really listens and learns her client's needs and wants. She goes above and beyond to insure the deal is the right one from start to finish. I have worked with other realtors and I have never had one that goes to the home inspection, appraisal and does the final walk-thru before closing. If you want someone with attention to detail and highly organized, Kayla is the realtor for you!"
Tracie Zaher
"Kayla Scott is one outstanding real estate agent. She goes above and beyond with a work ethic that is second to none. My wife and l are grateful for her and her dedication to fulfilling her clients' goals. We truly appreciate the opportunity we had to work with Kayla as we were looking for our next home and selling our current home. She used her knowledge in real estate to advocate for us which ultimately led to us buying a perfect home for our family. She is always right there whenever you need her. It feels like she has become part of our family!"
Justin Fisher
"Kayla is an exceptional realtor. Her work ethic is unmatched, her client is always her top priority, she is completely honest, and above all, she delivers results that matter. She communicates often and efficiently and thoroughly listens to her clients. From start to finish, she is fully committed, highly organized and will get things done right the first time. My experience with her has been nothing short of phenomenal. When I need a realtor, Kayla will always be my first call!"
Andrew Palmer