If you have student debt, then homebuying is not off the table for you! The Maryland SmartBuy 3.0 Program helps homebuyers with student debt finance a home. So, if you're considering buying a house with student loans, the Maryland SmartBuy [...]
What type of loan is best for first-time buyers? Finding the best home loan may seem overwhelming to many first-time home buyers. Fortunately, there are a variety of options available to first-time home buyers that make homeownership more accessible. Typically, the [...]
What is a mortgage buydown? A mortgage buydown is a strategic financial arrangement in the realm of home financing that involves the manipulation of mortgage interest rates. This process typically occurs through the collaboration of a mortgage lender and the [...]
What is a Fixed-Rate Mortgage? A fixed-rate mortgage simply means the home loan has a set rate for the entire term of the loan. The most common fixed-rate mortgages are 15-year and 30-year loans, and while both of their interest [...]
The real estate market can be a minefield of terminology, but one key phrase that potential homeowners should familiarize themselves with is the “mortgage rate buy down.” This strategy offers an effective way to reduce the cost of your monthly [...]
Start this year off by taking control of your finances and getting on the road to financial wellness! Try this Free 30 Day Financial Wellness Challenge, with tips for budgeting, earning more money, paying down debt, and more. Establish a [...]
How much can I borrow for a mortgage based on my income? Your ability to obtain a loan for a new home purchase is based on several factors. Lenders typically make lending decisions based on three key ratios: Loan-to-value ratio [...]
Whether you have just started the mortgage process or are making plans to buy a home, be cautious of some common mortgage scams. Avoid getting swindled, and minimize your risk during the mortgage process by educating yourself on the topics [...]
USDA home loans, provided by the United States Department of Agriculture, provide financing with a low-interest, no-down-payment mortgage for homes in eligible rural areas. USDA loans are for low to moderate income households in an eligible rural area of less [...]
Starting your journey as a first time home buyer can be intimidating, especially if you’re new to the process or not sure where to start. Working with a mortgage expert will ensure you understand the process and feel confident every [...]
