Archive for 'mortgage'

Maryland Home Mortgage Loans

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Get a Maryland Home Mortgage with Us!

Purchasing real estate, whether it’s a house, condominium, or an apartment, is probably one of the most important financial transactions a person will conduct in his lifetime. This single purchase will affect the syle of life that you will live with for years to come.

Due to the long-term effect a single real estate transaction may have on the buyer and the seller, it is important that all the details pertaining to this transaction be formalized. It is not enough that the dimensions of the land, the purchase price and equipment included in the sale are listed down; the individual obligations of both the seller and the buyer should be itemized as well. All these details should be found in just one document, the Real Estate Sales Agreement. [..more..]  

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Taking Title of a New Maryland Home?

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How you take title in your new Maryland home is key decision. Unfortunately, in the euphoria of the moment, many new homeowners don’t put much thought into it.

When purchasing a new home, you become the title owner of record. Essentially, this means you are listed in public records as the legal owner. This may sound like a simple concept, but how you’re classified as an owner can impact legal and tax issues. Here are some issues to consider when taking title. [...more...]

For more information on how we can help you with your home mortgage, please visit our website at Maryland Home Mortgage Loans  

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90 Day HUD Seasoning Issue Revoked!

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HUD will no longer require a Seller to hold a property for a minimum of 90 days before re-selling using FHA financing.

Maryland Home Mortgage Loans: Effective February 1, 2010, HUD will no longer require a Seller to hold a property for a minimum of 90 days before re-selling using FHA financing.

Previously, this anti-flip rule was put in place to help stabilize large swings in property values. Investors were buying homes for cash, doing minimal repairs and re-selling for huge profits. HUD feels they can help fuel the economic recovery by not restricting the re-sale of fixer-uppers or financially distressed type properties.  

This is a preview of 90 Day HUD Seasoning Issue Revoked!. [..Read More..]

Maryland Home Mortgage Pre-Approval

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Are You Pre-Approved?

Maryland Home Mortgages: It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

Please visit our website for more information on how we can qualify you for a new home loan!

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