Category Archives: Financing News

Foreclosure, Short Sale and Bankruptcy Timeline

This useful chart is courtesy of Paul McCausland, a very good loan officer from 1st Mariner Mortgage. If you are in one of these circumstances and have questions about qualifying for a mortgage, give him a call. His contact information … Continue reading

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PG Budget Proposal Would Increase Costs of Buying or Selling a Home

Prince George’s County homeowners and aspiring homeowners – take  note. County Executive Rushern Baker recently released his budget proposal for fiscal year 2013.  In it is a proposal to increase the County property transfer recordation fee by 20%, from .5% … Continue reading

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First Time Home Buyer Program*

*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

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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Refinancing when you have a 2nd Trust

If you’re one of those buyers who bought with a first and second trust (and avoided Private Mortgage Insurance – or PMI – payments), you probably thought you were doing the smart thing. And just about all of us thought it … Continue reading

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