Mary Kamelle

The 8 steps of the homebuying process If you are one of many first-time homebuyers in Maryland taking the leap this spring, you need to know the essentials before beginning the homebuying process. The homebuying process 1. Are you financially prepared to buy a home? The most important thing to know is if you are …

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Understanding the differences The best way to understand the differences is first to understand what each loan is all about. Let's start by defining both options: A fixed-rate mortgage is a home loan with an unchanging interest rate for the entire loan duration. An adjustable-rate mortgage is also called an ARM. This …

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Maryland Mortgage Programs The Maryland Mortgage Program has some extremely generous mortgage programs with down payment assistance (DPA) and flexible qualifying guidelines to make owning a home affordable for more borrowers in Maryland. The programs include conventional and government loan options for first-time …

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Fannie Mae and Freddie Mac offer $2500 credit for lower income families Fannie Mae and Freddie Mac have announced a $2,500 credit for low-income borrowers to make homeownership more accessible. Fannie Mae and Freddie Mac recognize that down payment and closing costs remain a significant barrier to homeownership for …

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Why should you get pre-approved now before the spring market? The spring season is historically one of the busiest times for buying property and getting a pre-approval in Maryland. As the weather gets warmer and the days get longer, the property market heats up, and so does the competition. Homebuyers must be …

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$400 million housing bond issued to support affordable housing for Maryland first-time homebuyers The Maryland Department of Revenue announced that the Maryland Department of Housing and Community Development issued the most significant mortgage revenue bond in the agency’s history. The $400 million bond from the …

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