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by ARLnow.com April 23, 2018 at 6:35 pm 0

The Arlington County Board on Saturday unanimously passed a $1.276 billion balanced budget that includes a number of fee increases but no real estate tax rate hike.

The FY 2019 budget notably restores $70,000 in funding for Arlington Independent Media — County Manager Mark Schwartz proposed cutting about $90,000 in county funds for the community TV and radio broadcaster — after AIM collected more than 1,300 online petition signatures against the cut. The Board also boosted first responder pay, particularly starting pay which police and firefighter associations say is low and hurting recruitment, by $1.6 million above the manager’s recommendation, which already included a pay boost.

Funding the increased spending is the reallocation of $2.5 million from proposed renovations to the county government headquarters in Courthouse and the freezing of 16 vacant public safety positions.

Per the manager’s recommendations, the budget also increases parking meter rates and extends metered hours until 8 p.m., while increasing utility taxes, household waste fees and various departmental fees.

“The Board largely accepted the $8.4 million in spending reductions, $6.6 million in fee and tax increases and $5.5 million in funding realignments recommended by the County Manager in his proposed budget,” notes a county press release, below. County Board Chair Katie Cristol called the adopted budget “sustainably progressive.”

County funding for Arlington Public Schools will top the $500 million mark, as the school system continues to face pressures from enrollment growth and the opening of new schools. Metro, meanwhile, will receive a 3 percent increase in funding, receiving $73.1 million from the county’s coffers and state transit aid earmarked for Arlington.

In addition to AIM and first responders, the Board nixed the following cuts proposed by Schwartz, according to the markup record:

  • $620,000 for the Affordable Housing Investment Fund
  • $365,000 for Lee Highway planning and $25,000 for the Lee Highway Alliance
  • $40,000 for the Legal Aid Justice Center, which serves immigrants
  • $200,000 for a body scanner at the county jail
  • $50,000 for the Arlington County Fair
  • $20,000 for community shredding events
  • $40,000 for the Arlington Neighborhood College program
  • $184,000 for a youth mental health therapist

Among the proposed cuts not restored: the elimination of the printed Citizen newsletter, the elimination of two ART bus routes, the elimination of Arlington’s poet laureate and a $555,000 cut to the Arlington Initiative to Rethink Energy residential rebate program.

The latter drew some pushback from Board members.

“The cuts that we’re doing this year to AIRE — nobody’s going to die, there’s nothing fundamentally that any of us are going to lose sleep over or should be ashamed of,” said Erik Gutshall. “But while people don’t die, our planet is dying, its ability to sustain our life at least.”

“In future budgets, while we’re going to continue to make tough choices, we’re not going to let our commitment to the environment fall behind,” he added.

Despite the disagreements, the Board was unanimous in its vote on the budget, which Board members praised for prioritizing key areas while avoiding a tax rate increase. (The tax burden on the average homeowner will still increase by $296.)

“Despite the reductions, there are investments our community can be proud of in this budget,” Cristol said in a statement. “We prioritized funding our public schools, especially teachers, and investing in our workforce, especially public safety personnel. We preserved our social safety net and sustained funding for affordable housing and core services.”

“I see this budget really as a transition from the way we’ve been doing things to the way we’ll need to do things going forward,” said Libby Garvey. “This community has pretty much gotten used to having as much money as we need to do what we want to do. This year it’s starting to change. It’s likely to be even harder in the future with the stresses we have moving forward. I think it’s a good transition to what we’ll be doing moving forward.”

“What I think we’ve done is really weatherize our fiscal house for the inclement weather ahead,” echoed John Vihstadt. “It’s only going to get tougher as we move forward, but we took some important steps here that, while not greeted uniformly favorably, were necessary to be done.”

Arlington Independent Media and public safety associations, meanwhile, expressed gratitude for the additional funding.

Arlington County’s press release about the budget, after the jump.

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by ARLnow.com Sponsor April 23, 2018 at 4:45 pm 0

DC Bike Ride is the region’s only car-free, closed-road, recreational bike ride. Register now before the price increases on May 1.

Save even more when you use the promo code ARLBIKE18 for $10 off standard registration. Kids ages 3 to 7 are always free and youth ages 8 to 17 are always half-price

Join us on Saturday, May 19 for a fun, recreational, family-friendly bicycle adventure. DC Bike Ride celebrates bicycling as a form of healthy living, fitness, transportation and fun.

Your registration includes access to the closed-road DC Bike Ride course that starts in West Potomac Park — this is the only time Washington, DC closes roads for bicycles!

The 20-mile ride will feature on-course entertainment, music and rest stops, as well as a short-cut to the finish that offers a 6-mile course (in case you get tired, are riding with little ones or get hungry for some snacks).

The ride ends with a Finish Festival party with beats, eats and activities for all-ages at the National Mall in front of the U.S. Capitol. DC’s legendary go-go band Trouble Funk and DJ Little Bacon Bear will be performing at the festival. Participants also get a limited edition DC Bike Ride water bottle.

The ride raises support for the Washington Area Bicyclist Association’s work to make streets safer for all roadway users. The event has committed more than $100,000 in support over three years to WABA for street safety neighborhood programs.

No bike? No problem! We partner with Bike and Roll DC to bring you easy bike rentals.

Find us on social media: @dcbikeride on Facebook, Twitter and Instagram. For more information visit www.dcbikeride.com.

Make DC Bike Ride your favorite spring tradition and join the ride today. Don’t forget to use the promo code ARLBIKE18 for $10 off standard registration now through April 30.

by Bridget Reed Morawski April 23, 2018 at 3:45 pm 0

The Arlington County Board has approved a site plan that would bring 97 affordable housing units and two rows of townhouses to Buckingham.

The “100 percent affordable” multi-family building and townhouses will replace the former local Red Cross headquarters.

The approved development comes despite complaints from nearby residents about the proposal. The new development’s density, potentially increased traffic, and “the desecration of the tree canopy” were all cited as dealbreakers for some locals, though supporters asserted that the building was vacant, the affordable housing is “badly needed” and complaints were overblown.

A partial rezoning of the site was approved alongside the site plan at Saturday’s County Board meeting (April 21). There are currently two single family homes on the site, in addition to the former headquarters and an existing playground.

The townhouses will be built in the first phase of the project, with construction on the multi-family building, which is required to “achieve Earthcraft Gold or LEED v4 Homes and Multifamily Midrise Gold certification,” following in a second phase.

The developer, Wesley Housing Development Corporation, agreed to preserve the on-site apartments, known historically as the Windsor Apartments but now called the Whitefield Commons, which the county says were built in 1943. Unit incomes will average 80 percent of the average median income, and the building will average 60 percent of that figure.

Whitefield Commons’ interior will be reconfigured to add five units, bringing the total units inside that complex to 68. The multi-family building will have 97 units, and the townhouses will have 19.

There will be 187 parking spaces between the developments — 45 at Whitefield Commons, 88 at the multi-family building, and 42 for the townhouses. The townhouses have the highest parking ratio per unit, at 2.26 spots per unit plus four visitor spots.

Wesley Housing Development Corporation will be required to “encourage transportation alternatives.”

That will be done via a transportation management plan, which includes a provision to give “each new tenant in the multi-family building… a choice of a SmartTrip card preloaded with a $65 balance or a bikeshare or car share membership,” according to a county project website.

A Google Maps estimate shows that the site is approximately a 22 minute walk to the Ballston Metro station. The 3.95 acre parcel is bordered by N. Thomas and N. Trenton streets, 2nd Road N., and Arlington Boulevard.

Plans estimate that 60 trees will be removed, three of which are dead or dying and another 17 of which are located on top of or near an existing storm pipe.

An estimated 132 tree credits will be granted, according to the site plan. One credit is given for each planted shade tree or large evergreen tree, or for every three deciduous, ornamental, or small evergreen trees.

Map via Google Maps

by Bridget Reed Morawski April 23, 2018 at 2:45 pm 0

(Updated at 3 p.m.) Arlington Agenda is a listing of interesting events for the week ahead in Arlington County. If you’d like to see your event featured, fill out the event submission form.

Also, be sure to check out our event calendar.

Monday, April 23

Free Home Buying Workshop in Rosslyn*
Keri Shull Team (1600 Wilson Boulevard)
Time: 6-7:30 p.m.

Attend a free workshop for first-time home buyers that will delve into a comprehensive explanation of the home purchasing process and will include a $1,500 credit for future home purchases.

Tuesday, April 24

Samuel Beckett: Play/The Old Tune
The Woman’s Club of Arlington (700 S. Buchanan Street)
Time: 8-9 p.m.

Arcturus Theater Company presents two Samuel Beckett shorts together as an hour of evening entertainment: the love triangle affair, Play, and a reading of the radio play, The Old Tune.

Wednesday, April 25

How To Bullet Journal
Connection: Crystal City Library (2117 Crystal Plaza Arcade)
Time: 6:30-8 p.m.

Understand how to bullet journal and plan your day in an efficient, creative, and customized way. Bring your own notebook. Attendance is first come, first served.

Thursday, April 26

Stand Up For Pits with Rebecca Corry
Arlington Cinema Drafthouse (2903 Columbia Pike)
Time: 7:30-10 p.m.

The Stand Up For Pits Foundation and Rebecca Corry return with the Stand Up For Pits comedy tour. The Animal Welfare League of Arlington will host a silent auction and bring adoptable dogs.

Friday, April 27

Exclusive Invisalign Event*
VCO Orthodontics (1600 Wilson Boulevard)
Time: 8 a.m.-3 p.m.

For one day — only on April 27 — VCO Orthodontics is offering Invisalign treatment for $4980. That’s a savings of over $2000, and the first 20 people to call get a free tooth whitening.

Crystal City 5K Fridays Series*
Crystal City Courtyard Green (2121 Crystal Drive)
Time: 6:30-7:30 p.m.

Join Crystal City’s after work Friday evening 5K series. Registration fees start at $25 for one race, and runners receive post-race happy hour drink tickets for select Crystal City venues.

Saturday, April 28

Birding Arlington by Bike
Kenmore Middle School (200 S. Carlin Springs Road)
Time: 8:30 a.m.-12:30 p.m.

A 17-mile jaunt around Arlington’s birding hotspots to enjoy the spring migration and see how many species can be observed. Novice birders are welcome.

Operation Deploy Your Dress D.C. Pop-Up Event*
AUSA Headquarters (2425 Wilson Boulevard)
Time: 10 a.m.- 5 p.m.

ODYD collects and distributes formal attire to military families to offset the cost of attending military balls and other formal events. Open to all military personnel regardless of rank or service branch.

9th Annual MOVE ME Festival*
Kenmore Middle School (200 S. Carlin Springs Road)
Time: 1-4 p.m.

Bowen McCauley Dance Company is celebrating 22 years of creating community through dance with a free festival with over 20 performers, workshops, face painting, and food.

Sunday, April 29

Leaders Light the Way: Brunch with Paige Kimble, Executive Director Scripps National Spelling Bee
Top of the Town (1400 14th Street N.)
Time: 11 a.m.-1 p.m.

A series of events celebrating prominent women who epitomize a spirit of resilience, leadership, and hope. Kimble has spent her career inspiring young people to excel.

Wine Dinner*
Osteria da Nino Cucina Italiana & Bar (2900 S. Quincy Street)
Time: 6-10:30 p.m.

For $70 per person, enjoy a multi course Italian dinner with wine pairings from the Puglia region of the country. Dishes includes roasted lamb with cherry tomatoes, garlic rosemary, and fingerling potatoes.

*Denotes featured (sponsored) event

by Bridget Reed Morawski April 23, 2018 at 1:30 pm 0

Changes are coming soon to Dawson Terrace Park near Rosslyn now that the Arlington County Board has approved a $1.5 million construction contract.

Currently, there are two small courts at the park. These will be replaced by one larger, multi-use court the size of a high school basketball court.

Project illustrations show eight to 10 foot decorative fences installed on either side of the court, behind the basketball nets. Also included: new lighting and landscaping.

Design for the project began in the second quarter of 2016. Project construction is anticipated to begin in the second quarter of 2018 and wrap up by the end of the year.

A small field along 21st Road N. is not scheduled for any renovations in this plan, but stormwater management and ADA improvements are in the works.

The County Board voted unanimously to grant the park contract to D.C.’s Bennett Group at Saturday’s County Board meeting (April 21), according to a county press release. County staff had recommended that the contract be approved.

“Arlington continues to upgrade and improve its parks, to make them both more accessible and more engaging,” County Board Chair Katie Cristol said in a statement. “These renovations will help ensure that Dawson Terrace will be a great park for everyone to use, for years to come.”

The three and a half acre park in the North Highland neighborhood is home to the Dawson-Bailey House, the second oldest home in the county, and site renderings include a decorative screen and plants that would form a buffer on the building’s eastern facade. In 2016, an archaeological dig at Dawson Terrace Park uncovered approximately 2,000 glass, ceramic, and glass objects from the 18th and 19th centuries.

Also at its Saturday meeting, the County Board approved the planting of over 1,000 trees in parks along Four Mile Run. The plantings are partially funded by a federal grant.

More from a county press release, after the jump.

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by ARLnow.com Sponsor April 23, 2018 at 12:25 pm 0

This is a sponsored column by attorneys John Berry and Kimberly Berry of Berry & Berry, PLLC, an employment and labor law firm located in Northern Virginia that specializes in federal employee, security clearance, retirement and private sector employee matters.

We defend federal employees in proposed disciplinary actions. When a federal employee is facing proposed discipline it is important for them to speak with an attorney knowledgeable in federal employment law for legal advice and representation. This article outlines some brief thoughts for federal employees as they respond to proposed disciplinary actions.

Types of Proposed Discipline

Most proposed disciplinary or adverse actions for federal employees fall into 3 general categories for federal employees: (1) proposed suspension or demotion actions based on misconduct; (2) proposed removal actions based on misconduct; and (3) proposed removal actions based on performance deficiencies (i.e. a PIP).

Proposed Disciplinary Action

When a federal employee receives a proposed disciplinary action (suspension of 14 days or less) or an adverse action (suspension of over 14 days to removal), they should read over the notice very carefully. Each federal agency sets their own deadlines for submitting responses and requesting information relied upon and these deadlines are usually strict.

Along with a copy of the proposed discipline, when it is issued, the federal agency may provide an employee a copy of the materials in the evidence file (documents, reports, emails, recordings, video, photographs, etc) that they are relying upon in proposing the action (often referred to as the “information relied upon.”).

It is critical for a federal employee to request and obtain these materials prior to responding in writing or orally.

Response to the Proposed Disciplinary Action

It is important for a federal employee to not only submit a comprehensive written response, along with documentation (affidavits, character letters, statements or other evidence) refuting the charges and specifications or in providing arguments for mitigation, but also to request an oral response. (more…)

by Anna Merod April 23, 2018 at 11:35 am 0

Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

When Sharmi Albrechtsen’s daughter was struggling in math, she tried using robotic toys that taught coding to help.

It was a complete failure.

“I was out $300 and she wasn’t interested in it, said Albrechtsen. “It was difficult to build, difficult to code, and I thought ‘there should be an easier way to get to the coding part of things without building and also something that would engage her.”

Albrechtsen noticed all the female dolls laying around her daughter’s room, and the idea came to her: why not combine a robot and doll together?

In 2016, she created SmartGurlz, later moving the company from Bethesda, Md., to Crystal City in 2017.

SmartGurlz has earned more than $1 million in sales since its inception.

Currently, there are five different female dolls with their own stories. Each character rides a scooter controlled by the user, who codes through the Sugarcoded app. Another SmartGurlz development, the app can be downloaded from various app stores.

The company intends to release a new male doll later this year, around the holiday season, Albrechtsen added.

Though Albrechtsen’s daughter is a little too old to appreciate the doll, she does work for SmartGurlz, goes to coding workshops, and holds in-store demonstrations on the weekends.

“She’s really thrilled about the product and working with us when she can, when she’s not studying,” Albrechtsen said.

Last November, SmartGurlz landed a $200,000 investment with FUBU founder Daymond John, on ABC’s Shark Tank, in exchange for 25 percent ownership of the business. It was a tough eight months, she said, while competing against 40,000 other companies trying to get on the show.

“There were times we didn’t think we were going to be on, then we finally got chosen [it] was amazing,” she said.

After the show, SmartGurlz made between $100,000-200,000 in sales within 24 hours. Customers can buy SmartGurlz on its website, Amazon.com or Walmart.com. Albrechtsen added that she’s working on a special project with Walmart for 2019.

But while strong sales and a Shark Tank spot have been great for business, it’s been tough for SmartGurlz to support its own growth.

“The whole financing game is difficult,” Albrechtsen said. “We have major growth and you have to order products and I would say you get into this difficult area where you’re not able to support your own growth and then you lose opportunities and that’s painful.”

In the future, Albrechtsen wants to brand SmartGurlz as an educational tool, using it in after school programs. SmartGurlz is working with Girl Scouts of America and Black Girls Code with their programs, but the company wants to do more. The company is piloting programs in New Jersey and California and, hopefully, she said, eventually to the rest of the country.

“You’ll see more of an educational side from SmartGurlz in the future, where we’ll be more dedicated to curriculums,” said Albrechtsen. “That’s really the way to make change instead of having something that maybe you play with maybe you don’t.”

Photos courtesy of SmartGurlz and ABC

by Anna Merod April 23, 2018 at 10:45 am 0

Rosslyn’s annual outdoor film festival is returning to Gateway Park this June.

All of the screenings will begin at dusk, but moviegoers can attend events at 5 p.m. each screening evening and buy beer, wine, or sangria at a mobile pub. Local food trucks and popcorn will also be available for purchase.

The events at the park, at 1300 Lee Highway, are both kid and pet friendly. There will be kids activities before the movie begins on June 29, July 13, and August 17.

The festival, sponsored by the Rosslyn Business Improvement District, will be screening the following dozen movies over the summer, every Friday from June 8-August 24.

  • June 8 – Legally Blonde
  • June 15 – Wonder
  • June 22 – The Fifth Element
  • June 29 – Ratatouille
  • July 6 – Bridesmaids
  • July 13 – Coco
  • July 20 – Amelie
  • July 27 – La La Land
  • August 3 – Argo
  • August 10 – Lethal Weapon
  • August 17 – The Lion King
  • August 24 – Four Weddings and a Funeral

Events will be cancelled if there is a chance of rain, with a Rosslyn website update by 3 p.m that day.

Photo courtesy of the Rosslyn BID

by ARLnow.com April 23, 2018 at 9:35 am 0

Crystal City Tops HQ2 Poll — The combined Crystal City-Potomac Yard site is the most likely D.C. area landing spot for Amazon’s second headquarters, according to an online poll conducted by the Washington Business Journal. Meanwhile, D.C., Virginia and Maryland officials are teaming up to promote the region as the HQ2 search continues. Amazon fever has even entered the world of local business conferences: an event dubbed “HQmania” is scheduled to be held in Rosslyn next month. [Washington Business Journal, WAMU, DCA Live]

Rosslyn Lands Nonprofit HQ — “It’s been a good week for Rosslyn. First came the news that Gerber, a Nestle subsidiary, would relocate its headquarters and 150 jobs from New Jersey to 1812 N. Moore St. And Friday, we learn that a D.C.-based global nonprofit has decided to cross the Potomac into Arlington.” [Washington Business Journal]

ART Bus Stop Vandalized — Someone smashed two of the windows on an ART bus stop in the Long Branch Creek neighborhood late last week. [Twitter]

Arlington Man Charged With Statutory Rape — A 47-year-old Arlington man was arrested at his home last month and charged with the statutory rape of a minor in North Carolina. The man arranged meeting the minor in North Carolina via the messaging app Kik, which is popular with teens. [Fox 8]

Local Columbine Survivor Addresses Student Protesters — “Salli Garrigan was in music class when the sound of gunshots reverberated through the halls of her high school… Garrigan, now 35 and an Arlington resident, stood Friday before a crowd of D.C.-area students gathered on the U.S. Capitol lawn and told them when she was their age, she didn’t know how to make her voice heard.” [Washington Post]

Long Bridge Park Field Renovations Starting — Work is set to begin today on new turf for Long Bridge Park’s heavily-used Field No. 3. The field is expected to be closed for 45 days. [Arlington County]

Past and Present School Board Members Gather — On Thursday, the Arlington School Board held its last meeting at the Arlington Education Center building next to Washington-Lee High School. The board room and administrative offices are moving to the Syphax Education Center along Washington Blvd. To mark the last meeting, past and current School Board members members gathered for a photo. [Twitter]

Flickr pool photo by Duluoz Me

by ARLnow.com April 23, 2018 at 9:00 am 0

Arlington County firefighters extinguished a small mulch fire on the roof of an apartment building over the weekend.

The fire broke out around 4:15 p.m. Saturday on the roof of the new Latitude Apartments in Virginia Square, on the 3600 block of Fairfax Drive.

Smoke could be seen coming from the top of the building, prompting a large fire department response. The fire was extinguished and no one was hurt. The cause is under investigation, according to ACFD.

Photo courtesy @surrrewhynot

by ARLnow.com April 22, 2018 at 11:35 am 0

Arlington County Police have arrested a suspect in the attempted rape of a woman near Columbia Pike on Friday.

Police say Jermaine Johnson, a 30-year-old Arlington resident, broke into an apartment on the 800 block of S. Frederick Street, brandished a knife and tried to sexually assault the victim. She suffered minor injuries and was treated at a local hospital.

The perpetrator fled the scene of the crime, evading a police K-9 track and helicopter search, according to a police press release.

On Saturday police announced that Johnson was the suspect, “based on crime scene evidence collected and witness interviews.” Later that day, officers conducting surveillance in the Courthouse area saw him and gave chase. From ACPD:

While conducting surveillance in the 1700 block of N. Troy Street, officers observed the suspect flee from a residence. Following a foot pursuit, Jermaine Johnson was apprehended and taken into police custody. He has been charged with attempted rape and burglary and will be held in the Arlington County Detention Facility without bond.

by ARLnow.com Sponsor April 21, 2018 at 12:00 pm 0

This regularly-scheduled sponsored column is written by the Arlington Initiative to Rethink Energy team (AIRE). This county program helps you make smart energy decisions that save you money and leaves a lighter footprint on the environment.   

Would you believe that energy and water use in Arlington has actually decreased in the past decade?!

This is despite 22,000 new residents and 20 million additional square feet of office and residential space in Arlington since 2007. Through smart planning and valuing sustainability, Arlington is demonstrating that growth can come without further impacting the environment.  

The LEED for Communities Platinum certification is validation that Arlington residents, businesses and government are committed to the community’s long-term economic, environmental and social sustainability.

Residents continue to lead on environmental-related actions. You can join the Arlingtonians that have already installed solar, completed a home retrofit project, or certified their green home. Learn more in the links below.

Managing growth is not a destination but a journey — one that Arlington County and Arlingtonians are committed to daily.

Learn more: https://environment.arlingtonva.us/earthday/

by Bridget Reed Morawski April 20, 2018 at 9:00 pm 0

Trying to get into or out of town this weekend?

You might want to make alternate plans for going into D.C. or getting to the airport: Metro reports that there will not be Yellow Line service Saturday or Sunday, though the Blue Line will still be running.

But, think positively: the sun was shining this afternoon, it’ll warm up this weekend, and there are several events this weekend to get you outside. And there’s a colorful yarn bomb currently underway in Clarendon.

Before you do start your weekend, let’s take a look back at ARLnow’s biggest stories over the past week.

  1. Photos: SWAT Team Raids Home in Arlington Heights
  2. Breaking: Gerber Moving Headquarters to Rosslyn
  3. Two Arrested for ATM Skimming Scheme in Shirlington
  4. ACFD Battles Rooftop Fire at Ambar in Clarendon
  5. Photos: Trash Truck Smashes into Cars Near Rosslyn

Feel free to discuss these topics, your weekend plans, how many plastic straws you use, or anything else that’s happening locally in the comments below. Have a great weekend!

by ARLnow.com Sponsor April 20, 2018 at 5:45 pm 0

Just Listed banner
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

Arlington saw the best week yet this year for fresh listings with sellers putting 125 homes on the market.

Buyers ratified 79 contracts, some 35 of those within seven days of hitting the market. And the upper end market continued its rebound with 15 homes sold that were priced over $1 million. The average list price of homes sold this week rose to $713,665 and the days on market settled at 31.

These stats show a robust market with home values rising. But interest rates shot up again this week by five basis points, according to Freddie Mac. The 30-yr fixed rate is now about 4.57% with no points.

It’s helpful for home buyers to understand there are two types of points when applying for a loan. Mortgage rates are always quoted as a combination of interest rate and points. Most lenders automatically quote and charge about a half point (0.5% of loan amount) to originate a loan. Buyers can get a “zero” point loan, but then the interest rate will increase.

The other type of point is called a “discount” point. This is when a buyer can actually pay points (cash) up front to discount or buy down the interest rate. This can be a smart approach if the buyer will hold the property more than a certain amount of time when they hit the breakeven mark. That’s when the savings each month from a lower interest rate equals the amount of up front discount points paid. Ask your lender for further information.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

by ARLnow.com April 20, 2018 at 4:45 pm 0

Again this week, we highlight select deals and events around Arlington, with help from Tim’s Arlington Directory. Some require a coupon or have more instructions, so be sure to click the link for details and any additional requirements.

This Week’s Deal of the Week:

Head to Tupelo Honey in Courthouse for your next workday lunch – newly debuting a $12 half-sandwich, half-salad, one side combo. Choose between options including new spicy avocado + chopped egg or fried green tomato burrata sandwich, Tupelo wedge salad and creamy tomato soup, among a variety of others. Three items, $12! Lunch begins at 11 and goes until 4 p.m.

Saturday, April 21:

​Sunday, April 22:

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