Understanding the different types of mortgage refinance Refinancing your mortgage can be a powerful financial tool, allowing you to adjust your loan terms, lower your interest rate, or even access cash for other needs. But with various refinancing options available in Maryland, it’s important to understand which type …
Are mortgage rates going down?
Mortgage rates are on the decline Yes, mortgage rates are going down and this has sparked an exciting sudden change in the Maryland housing market. But who knows for how long? Many prospective borrowers with strong credit were locking their mortgages at the end of last week. Mortgage interest rates change all the time …
How can I get a fast home loan or mortgage?
How can I get a fast home loan or mortgage? To increase your likelihood of getting a fast home loan or mortgage approval in Maryland, you should prepare to show yourself as creditworthy and financially stable in advance. Getting a mortgage is a major decision, and in today's market, you may need to be ready to make an …
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6 steps when applying for a mortgage loan
Not sure how much home you qualify for? We can help you determine approximately how much money you will be eligible to borrow before you apply for the loan. Pre-qualifications are a calculation based on the information provided by you. A pre-qualification is not a pre-approval. Once you are pre-qualified and know how …
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Is it worth it to pay discount points?
What determines the interest rate on your mortgage? MANY factors come into play when determining what your interest rate will be on your mortgage. These factors include, but are not limited to, current market conditions that can change DAILY, credit score, how much you are putting down on the purchase price (down …
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