Are you a first-time homebuyer looking to purchase a home in Prince George’s County, Maryland? Then you’re in luck! The Redevelopment Authority (RDA) offers a grant to homebuyers up to $10,000 through the PGC Pathway to Purchase program which can [...]
What is a home equity loan? A home equity loan allows you to use the equity in your home as collateral. If you've owned your home for some time, you may have additional equity, enabling you to borrow against it [...]
Private Mortgage Insurance (PMI) When it comes to conventional loans with low down payments, Private Mortgage Insurance (PMI) often comes into play. This insurance serves as a safeguard for lenders, allowing them to provide financing for buyers with down payments below [...]
What is the Maryland mortgage program (MMP)? The Maryland Mortgage Program (MMP), administered by the Maryland Department of Housing and Community Development, offers eligible homebuyers in Maryland a chance to secure 30-year fixed-rate home loans. The MMP has a broad [...]
Is it cheaper or more expensive to build or buy a house? As of June 2023, the median sales price for new houses sold was $415,400, with an average sales price of $494,700. When building a house, the cost depends [...]
Your Guide To Buying A Beach House Have you always dreamed of buying a beach house? A beach house can be a great investment. In this article, we will guide you through the steps to buy a vacation home. Benefits [...]
What is the Baltimore down payment assistance homeownership incentive program? Good News for First-Time Homebuyers! The Office of Homeownership is now offering a First-Time Homebuyers Incentive program to homebuyers purchasing in Baltimore City. This incentive program provides funding that you [...]
As with any mortgage loan option, there are advantages and potential disadvantages to VA loans. However, VA loans are an optimal home financing option for eligible veterans, active-duty members, or a qualifying spouse. Here we will examine some VA loan [...]
What is an ITIN loan? ITIN home loans are a specialized form of financial assistance designed specifically for individuals who possess an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN). Unlike traditional loans that require an [...]
What are discount points? Discount points also referred to as mortgage points, are upfront payments made to the lender during the mortgage process. Specifically, discount points allow borrowers to reduce their interest rate, resulting in decreased monthly mortgage payments throughout the [...]
