Mary Kamelle

How to beat the closing cost doldrums Are you in the final stretch of buying your first Maryland home, only to be surprised by unexpected closing costs? If you've been diligently saving for your down payment, additional expenses like closing costs can take a big bite out of your budget. Imagine you've managed to set …

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Is a bridge loan a good way to buy a home? A bridge loan is a financing option that allows you to use the equity of your current Maryland home as a source of funding for a new home. A bridge loan is a short-term loan used as a financial bridge between selling your current home and purchasing a new one. Bridge loans …

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What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It is particularly popular with first-time homebuyers in Maryland because it allows borrowers to finance homes with low down payments, sometimes as low as 3.5% of the sales price. Borrowers with lower credit scores and …

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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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Why purchase in winter? Many people believe spring is the best time to buy a home, but winter is a great time to make a purchase, especially in Maryland. While the weather may not be as inviting, there are several advantages to buying a home during the winter months. Buying a home during winter can be a smart idea, …

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What are the advantages of an escrow holdback? Purchasing a home can be an exciting experience. Still, it also comes with challenges, especially when dealing with a delayed closing due to repairs and improvements discovered during the homebuying process. Sometimes, the loan closing could be contingent upon these …

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