22 09, 2020

What is an adverse market fee when refinancing your mortgage?

2020-09-22T13:14:59-04:00September 22nd, 2020|Real Estate, The Insider|

With rates at record lows, you may be considering about refinancing your mortgage. However, be aware that it could be a more expensive transaction. Effective on December 1st, a 0.5% adverse market fee will be imposed on lenders by mortgage backers Fannie Mae and Freddie Mac. Many experts are suggesting that homeowners are going to absorb at least some of [...]

22 04, 2020

How Your Mortgage could be affected by the CARES Act

2020-04-22T11:28:43-04:00April 22nd, 2020|Real Estate|

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|Real Estate|

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|Real Estate|

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 [...]

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