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In the current interest rate environment, many lenders in the DC, Maryland, and Virginia areas are looking for ways to help make homeownership more affordable. A 2-1 buydown may just be the thing! It is a mortgage lending approach that provides for a lower mortgage payment during the first two years of the loan. In the …
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It is a seller’s market, and first-time homebuyers are looking for tips and strategies to compete in the real estate market. Finding a home and presenting the winning offer is a full-time job. Home prices have hit record highs in Maryland, Virginia, and the DC area, just like many other parts of the country. In some …
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First-time homebuyers have become increasingly frustrated as they try to enter the housing market. However, if first-time homebuyers compare home prices and rates to what previous generations paid, they may be shocked by what they learn. For example, decades ago, the average home price was a fraction of what it is …
It's very easy to go over your budget during the holiday season. The money adds up between buying gifts and overspending on fun holiday events. Often, this can put you in a challenging financial situation. When you are drowning in credit card payments, the only thing you want to do is pay it all off. If you are up to …
Demand for housing in Maryland is at an all-time high, but the number of homes available to purchase is still very low. This creates an incredibly competitive market and can often start bidding wars among homebuyers. According to realtor.com, some homes can get 20 to 30 offers. This can drive up the sales price $50,000 …
Continue Reading about Are you looking to buy a house? Tips on how to win a real estate bidding war
Are you considering purchasing a home in Maryland in the near future? Then it’s time to brush up on your mortgage knowledge. Learn about the best practices you can take after applying for a mortgage and how you can increase your chances of getting approved. Aside from consulting with your loan officer, avoid these …
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