first time home buyer in md: Spring Has SPRUNG in Maryland Real Estate!
- 03/10/16 03:46 AM
SPRING HAS SPRUNG IN MARYLAND REAL ESTATE! We are seeing multiple offers on properties within days,sometimes even HOURS of when a property is listed for sale. If you are considering a purchase in Maryland it is TIME to get your ducks in a row!
Talk to a lender to get qualified for a mortgage BEFORE you start looking at homes! In the time that it takes a lender to review all of your documentation (which should be done PRIOR to an offer), your dream home may already be off the market! Get prepared and get prequalifed. It is more important than ever … (2 comments)
What is the Mortgage Credit Certificate (MCC), also called the Maryland Home Credit? It is a FEDERAL housing program geared to first time home buyers that allows for a federal tax credit on 25% of the mortgage interest paid EACH year for the LIFE of the LOAN!!
This is a DOLLAR for DOLLAR reduction against the borrower's annual federal tax liability. What does that mean? It means that a borrower with an MCC can get up to $2000 back on their Federal taxes every year they have the loan.
How do I qualify for … (0 comments)
first time home buyer in md: BUYING A FIRST HOME IN MARYLAND...A FAIRY TALE
- 09/15/11 04:37 PM
BUYING A FIRST HOME IN MARYLAND...A FAIRY TALE Once upon a time there was a lovely young couple looking for a new home around Baltimore, Maryland. They were about to have a new addition to their family and decided it was time to stop renting and find their forever home They knew where they wanted to live. They found a fairy Godmother to help them in their search. This Godmother wasn't like the ones you find in most fairytales. She didn't drive a coach, but a Lexus; didn't carry a wand, but an IPAD; her dresses didn't sparkle, but almost always wears shades of chocolate instead. … (4 comments)
first time home buyer in md: But I Thought It Is A Buyer's Market!
- 06/23/11 11:32 AM
But I Thought It Is A Buyer's Market! "But I thought it is a buyer's market and I could basically pay whatever I wanted for a house and the seller would take it!" That is the lament I heard from one of my client's the other day. She has put offers on several homes that have either been countered with a much higher price than she is willing to pay and even had an offer out-right rejected. I have pre-approved her for a monthly payment that is well within her comfort zone. Since her search began, she has lowered her "comfort … (5 comments)
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