Mortgage rates continue to confuse consumers
Mortgage rates are a popular topic online and in the news. These days, information travels fast and everyone seems to be an expert on the topic of mortgage rates. The trouble with all this information flying around is that much of it is inaccurate, or…
Don’t trust your online credit score
Since the start of 2017, the Consumer Financial Protection Bureau (CFPB) has cracked down on all three credit bureaus for deceiving consumers with the credit scores that they were paid to provide. The credit scores that were provided to consumers were said to be the…
Purchase & Renovate In One Mortgage
If you have ever seen a home that is almost perfect, but it needs a little TLC, there are available loan programs that will allow you to purchase and finance the repair or renovation costs right into one mortgage. These programs are called renovation loans and there…
Maryland Grant Assist Program
The Maryland Grant Assist Program is just one of the programs available to eligible home buyers who use the Maryland Mortgage Program (MMP), also known as Maryland CDA. The Maryland Grant Assist program is a grant of 4% of the first mortgage that can be…
Avoiding Mortgage Sabotage
Home buyers are often not aware of how an innocent transaction such as making a credit card purchase or moving cash from one bank to another can jeopardize the mortgage approval process. Here are a few of the more common areas of concern that all…
Ever Wonder How Appraisers Determine an Appraised Value?
I was able to get some very detailed insight from a local DMV appraiser and this is a synopsis of what they consider. Appraisers generally consider location first. They try to stay in same subdivision and/or natural boundaries. If there are not enough comps available…
How does your preapproval letter stand up to the competition?
Being preapproved for a mortgage before making an offer on a home is a wise decision and it will give you a better chance of winning your offer, but not all preapproval letters are created equal. Who your lender is could make or break your…
Credit 101 – do’s and don’ts
Credit scores can range from 350-850 points, depending on which scoring model is used. Regardless of which scoring model is used, there are some universal steps that anyone can take to maintain or improve their credit scores. Since creditors use credit scores to determine credit…
WHICH MORTGAGE IS RIGHT FOR YOU?
As a home buyer, you may have more options than you realize to finance your investment. Figuring out which loan suits your needs requires research. We will assess your situation and walk you through all of your options. However, it never hurts to have a head…