Category Archives: Financing News

First Time Home Buyer Program*

Posted on February 12, 2011 by susanpruden

*For Prince George’s County Only American Dream Down Payment Initiative (ADDI) ADDI provides down payment and closing cost assistance to low-income families who are first-time homebuyers for the purchase of single-family housing that will serve as the family’s principal residence. … Continue reading →

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Getting the Scoop on Financing

Posted on January 20, 2011 by susanpruden

Reposted from March 16  2006: It’s THAT relevant in this market! One of the biggest hurdles that many buyers have trouble overcoming involves financing and lenders. Often, when I ask a buyer if he or she has met with a … Continue reading →

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Latest Mortgage Woes

Posted on December 12, 2007 by susanpruden

Last week, a credit score of 620 was enough to get buyers the best interest rates. Today you most likely need a credit score of at least 680 and a down payment of at least 30% to be offered the … Continue reading →

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Getting Out of an Awful Mortgage

Posted on April 21, 2007 by susanpruden

If you think you might be getting in trouble with your current loan because the interest rate is climbing faster than you can keep up, take heart and read on. Lenders really don’t want to foreclose on you, so the … Continue reading →

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Refinancing Options

Posted on March 19, 2007 by susanpruden

I wrote a earlier this month about a Maryland CDA “Lifeline Refinance” as a way out of your adjustable rate loan, or your negative amortization loan. There is another option — good ol’ FHA. We haven’t seen much of FHA loans … Continue reading →

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