Southern Maryland interest rates drop!
December 6, 2008 by Admin · Leave a Comment
Wow, if you’re looking to buy a home in southern Maryland, P.G. County, waldorf, etc, rates are sitting as low as 5.375% right now! It’s possible that they may go even lower! This should encourage more people to consider locking in a loan if they’ve been on the fence about the home market. I’m curious [...]
Lenders Choke The People Looking to "Buy And Bail"
September 23, 2008 by Admin · Leave a Comment
FHA and Conventional Loan guidelines were revised this morning, this time to prevent the so-called “buy and bail” folks trying to escape their overpriced mortgages. Haven’t heard of a “buy and bail” scenario? It goes something like this: Until now, people who decided to rent their home instead of sell it were allowed to claim [...]
Fannie May and Freddie Mac Takeover (Socialization)- What does this mean for homeowners?
September 6, 2008 by Admin · 7 Comments
There’s been quite a few stories this evening about the Fannie Mae/Freddie Mac Takeover(Socialization) this evening. The first question on many people’s minds is: What Does This Mean To Me? I’m not going to muse on the repercussions of holding their stock (ask the wall street analysts, but it doesn’t look good), but I do [...]
Feds Press Charges in Metropolitan Money Store Scheme
June 13, 2008 by Admin · 3 Comments
It looks like things are moving forward with the case against Joy Jenise Jackson (formerly known as a stripper named Night Rider), Kurt Fordham, and The Metropolitan Money Store. Remember them? They’re the one’s accused of "saving" people from foreclosure, while stripping their equity out from under them, and leaving the [...]
Trying to save money on your next home? How about a rate reduction?
June 4, 2008 by Admin · Leave a Comment
I just got out of a very productive meeting with a lender friend of mine from Wells Fargo. He’s running an incentive plan right now that helps home buyers get 1% off of their starting rate on any property they buy and use him as a lender. It looks like a [...]
FHA Lending Limits Change
March 7, 2008 by Admin · Leave a Comment
We’ve been expecting to see this, but the new lending limits for FHA loans in Southern Maryland have been published (fair warning: this is kinda dry information, add water as necessary). For Charles County and Calvert County, the new limit for a FHA loan on a single family home is $729,750. [...]
Maryland Foreclosure Prevention Event!
February 22, 2008 by Admin · Leave a Comment
If you’re currently at risk of foreclosure in the state of Maryland, there’s a big event that you should be at! March 5th is the date, and the Showplace Arena in Upper Marlboro, MD is the location! Here’s the skinny: Prince George’s County is sponsoring the event, along with [...]
