4 05, 2020

First Time Home Buyer? Some helpful tips on your Mortgage and Closing

2020-05-04T11:42:58-04:00May 4th, 2020|First Time Buyer|

A common question we get asked is what can I expect when getting ready to close on a new house? Closing, on average, takes 30 to 45 days from when your loan begins processing. And an hour or so on the day you sign the final paperwork. There are two major nerve-racking situations when buying a home: getting pre-approved for [...]

22 04, 2020

How Your Mortgage could be affected by the CARES Act

2020-04-22T11:28:43-04:00April 22nd, 2020|Market News|

Chances are your home if owned, is most likely one of your largest assets. And if you have a mortgage, it is also likely your largest single monthly expense. To help ease the burden on many Americans during the coronavirus pandemic the government has targeted mortgages as an area to concentrate relief efforts. The CARES Act (Coronavirus Aid, Relief, and [...]

10 04, 2020

Ask These Questions when seeking Mortgage Assistance

2020-05-04T11:53:09-04:00April 10th, 2020|Market News|

Annapolis Homeowners are joining other cities asking for breaks on mortgage payments, as millions of Americans face unemployment or reduced income because of coronanvirus pandemic. But requesting a temporary postponement of payments for your mortgage does require special attention to detail.   Federally-backed mortgage's require loan servicers to offer forbearance The CARES Act stimulus package requires loan servicers to provide [...]

27 03, 2020

Record of 3.28 million people file for unemployment – what does this mean for the Real Estate Market?

2020-03-31T11:31:55-04:00March 27th, 2020|Market News|

When Goldman Sachs recently predicted that 2.25 million people would file for unemployment last week, it made headlines nationwide - which obliterated the previous weekly record that has stood since 1982. But the actual figure is much worse than Goldman Sachs predicted. According to the Department of Labor, nearly 3.3 million people filed for unemployment in the week ending March [...]

10 10, 2018

Whether you are a Buyer or Seller these factors will affect you

2020-03-31T11:32:50-04:00October 10th, 2018|Home Buyers, Home Sellers, Uncategorized|

There are many things buyers and sellers should consider when looking to buy or sell a home. Location, why you want to buy or sell, and help you along your journey are some examples. When it comes to today’s real estate market, the top two factors to consider include Interest Rates and Inventory. Interest Rates in Today's Real Estate Market [...]

30 08, 2018

The recent drop in rates is not Helping the Mortgage Business

2020-03-31T11:32:33-04:00August 30th, 2018|Market News|

According to the Mortgage Bankers Association, total mortgage application volume decreased 1.7 percent last week, leaving volume was 15 percent lower that a year ago. We had hoped that the drop in mortgage rates should have given a little life to the mortgage business, but it did not. The weekending is aggravating potential home-buyers, and it is taking a real chunk [...]