Mortgage News, Tips and Resources

When looking for a place to live, Baltimore’s suburbs defy expectations.

Closings costs are required part of the mortgage loan process.

Yes, it’s important to obtain a home appraisal when considering purchasing a property because this provides an unbiased, professional assessment of its value.

Determining you’re ready to buy a home, connecting with a knowledgeable real estate agent, paying attention to interest rates, and learning about the different loans available are critical steps in shopping for a mortgage.

To find a VA-approved condo, ensure you qualify, determine via the department's website whether the condo is approved, and consider contacting a reputable mortgage lender for guidance.

5 helpful tips to remember when you are moving into a new home.

The first step for low-income home buyers interested in refinancing their mortgage is to consult with a trusted lending company to find out what they need to qualify.

7 Important items that will help you when you move into your first home.

FHA flipping rules regulate the buying and selling of homes for profit, and include transfer and resale timelines and documentation.

Adhering to goals, improving your credit, researching loan options and cutting unnecessary expenses are several ways to save for a down payment, among others.

Refinancing a reverse mortgage may possess several significant benefits for homeowners 62 or older, including lower interest rates or higher loan limits.

TRID, short for TILA-RESPA Integrated Disclosure Rule, is a federal mandate combining and clarifying disclosure forms mortgage lenders provide borrowers.

First-time Long Island home buyers should seek assistance from mortgage pros, learn about different loans, plan ahead, and understand the closing process.

There are multiple factors that determine how much home you can afford, including your income, debt-to-income ratio, property taxes, homeowner’s insurance, and other monthly expenses.

Several of the best first-time home buyer programs in Florida include Housing Finance Agency (HFA) Preferred, Florida Housing Mortgage Credit Certificate Program, Federal Housing Administration (FHA), and U.S. Department of Veterans Affairs (VA) loans.

Several first-time home buyer myths include the misconceptions that you should find a home to buy before applying for a loan, there is only one loan you can apply for, and you need 20 percent down, among others.

USDA and FHA loans are both federal programs assisting low-income families and home-buyers obtain mortgages, with two important distinctions: USDA loans specifically cater to those within rural and suburban areas, while FHA loans are open to all applicants, regardless of finances or geography.

Several popular home loans for low-income families include HomeReady, Home Possible, Conventional 97, piggyback mortgages, FHA, and USDA loans.

VA home loans don’t have a limit, are only available through lenders, must be used for primary residences and eligible to surviving spouses, and require a Certificate of Eligibility.

Applicants must meet several FHA loan requirements. This includes providing documentation of a stable employment, income and credit history, and the ability to afford 3.5 percent down.