Mortgage

PMI: Should You Avoid It at All Costs?

If you're applying for a conventional mortgage loan, you'll usually need at least 20% down if you want to avoid private mortgage insurance (typically just referred to as PMI). PMI protects the lender if a borrower defaults, and it makes monthly payments higher the entire time a borrower has to carry it. Doesn't sound [...]

By |2019-10-03T09:23:52-05:00October 3rd, 2019|Categories: Mortgage, Purchase|Tags: |

Maryland Does Its Part to Eliminate Student Debt for Hopeful Homeowners

Student loan debt is making it harder for Americans, especially younger ones, to become homeowners. Among individuals ages 24 to 32, homeownership fell from 45% to 36% between 2005 and 2014, according to the Federal Reserve. Sure, there are several different factors that play into the rate of homeownership — but the Fed noted [...]

By |2019-09-27T09:39:56-05:00September 28th, 2019|Categories: Mortgage, Purchase|Tags: , |

Is Refinancing Your Mortgage Worth the Money?

With mortgage rates at historic lows at the time of publication, many homeowners are wondering: is it time to refinance? Though a refinance has the potential to bring about some serious benefits (a lower payment, less interest paid, a quicker pay-off timeline, for example), the truth is it's not right for everyone. It's important [...]

By |2019-09-26T10:13:55-05:00September 26th, 2019|Categories: Financial, Home, Mortgage, Refinance|Tags: |

7 Ways to Speed Up Your Home Sale

If you’re like most home sellers, you want to minimize the time your property is on the market.  For one, showings and open houses are inconvenient. You have to leave your home at the drop of a hat, keep it clean 24-7, and let complete strangers onto your private property (and even into your [...]

By |2019-09-24T10:41:16-05:00September 23rd, 2019|Categories: Home, Mortgage, Purchase|Tags: , |

Moving from Renter to Homeowner? 3 Ways to Make the Transition Easier

So you’re finally making the leap. You’re getting out of the rent race, buying a house, and moving onward and upward. Congrats! Buying a home is a really big deal. It usually means more space, more freedom with your design and decor decisions, and more pride in your property.  But let’s not kid ourselves: [...]

By |2019-09-10T16:43:26-05:00September 11th, 2019|Categories: Home, Mortgage, Purchase|Tags: , |

Single Female Homebuyers Are on the Rise: How to Help Your Loan App When Flying Solo

For the housing market, it’s all about the single ladies.  According to data from the National Association of REALTORS®, single females accounted for nearly one in five home purchases last year — double the share of their single male counterparts. The reasons vary, from later family formation to more income and education, but the [...]

By |2019-08-26T13:51:54-05:00August 26th, 2019|Categories: Mortgage, Purchase|Tags: , |

New Homebuyers Are Flocking to FHA Loans — Here’s Why

New home sales are on the rise, and many of those purchases? They’re being made with FHA loans. According to a recent analysis from the National Association of Home Builders, almost 18 percent of all new home sales were purchased with FHA mortgages last quarter — or about 32,000 home sales nationwide. That’s a [...]

By |2019-08-20T16:28:15-05:00August 21st, 2019|Categories: Mortgage, Purchase|Tags: , , |