Mortgage 101 Archives - Chris Jordan Mortgage Team

Up to $25,000 available to Montgomery County home buyers

July 27, 2020 CJMT No Comments

Montgomery Homeownership Program VI - Open as of July 28, 2021 *******PROGRAM CLOSED. FUNDS EXHAUSTED AS OF OCTOBER 22, 2021******* The Montgomery Homeownership Program is an initiative of the Maryland Mortgage Program in partnership with Montgomery County, which offers eligible home buyers who purchase in…

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Should I refinance?

January 20, 2020 CJMT No Comments

When considering refinancing your mortgage, be sure that your decision is based on more than just the lower rate. Sure, rate plays a part, but you also need to see what the actual savings is vs. the cost of the refinance. Before you move forward…

VA Home Loan Veterans SO CAL VA Homes CA Mortgage hiring a home in veteran hands

Budgeting Expert Advise Home Buyer Strategy Home Buyer Tips Mortgage 101 Mortgage Advice Mortgage Planning VA Mortgage

Big changes to VA home loans in 2020

December 10, 2019 CJMT No Comments

Beginning January 2020, loan limit changes are happening! The maximum loan limit, starting January 2020, will be $1,500,000 across the country (no longer State or County specific). *Borrowers with partial VA Eligibility will want to review with me the amount they can purchase with no…

Expert Advise Home Buyer Strategy Home Buyer Tips Loan Origination MCC Mortgage 101 Mortgage Advice mortgage interest deduction Mortgage Planning Tax Savings

Mortgage Credit Certificate (MCC)

December 10, 2019 CJMT No Comments

Budgeting Expert Advise Home Buyer Strategy Home Buyer Tips Low down payment Market Updates Maryland Maryland Mortgage Program Mortgage 101 Mortgage Advice Mortgage Planning

Conforming Loan Limits to Rise in 2020

December 2, 2019 CJMT No Comments

Some good news for those looking to purchase a home in 2020!!! The Federal Housing Finance Agency has announced that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will rise in 2020. Old conforming loan limit -…

Expert Advise Home Buyer Tips Loan Origination Market Updates Mortgage 101 Mortgage Advice Mortgage Planning Mortgage Rates

Mortgage rates continue to confuse consumers

May 20, 2019 CJMT No Comments

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…

Closing Costs Down Payment Assistance Expert Advise Home Buyer Strategy Home Buyer Tips Market Updates Maryland Maryland Mortgage Program MCC Mortgage 101 Mortgage Advice Mortgage Planning

Maryland Mortgage Program adds new Flex loan options to help more buyers

May 8, 2019 CJMT No Comments

The Maryland Mortgage Program (MMP) has always been geared toward helping first time home buyers in Maryland with down payment and closing cost assistance. MMP defines a first time home buyer as a person who has not owned a home in the most recent three…

Budgeting Expert Advise Home Buyer Strategy Home Buyer Tips Mortgage 101 Mortgage Advice Mortgage Planning Tax Savings

When is mortgage interest tax deductible now?

December 11, 2018 CJMT No Comments

In years past, mortgage interest has been tax deductible for a large majority of home owners, however with the new tax law changes in 2018, not as many home owners will be writing off their mortgage interest. Here is the inside scoop: DO YOU ITEMIZE…

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Don’t trust your online credit score

September 25, 2018 CJMT No Comments

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…

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Active duty military & Veterans take advantage of huge VA home loan benefits

September 15, 2018 CJMT No Comments

For all those who are proudly serving our country, or who have served in the past, the US Department of Veterans Affairs (VA) does offer one of the best mortgage deals around. VA home loans are one of the least expensive mortgages available. Lenders who…

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