maryland mortgage mama: ActiveRain Memorial Luncheon For Lee Rome-Friends, Food, Fortunate! - 07/17/14 07:00 PM
ActiveRain Memorial Luncheon For Lee Rome-Friends, Food, Fortunate!
Today we held a special ActiveRain Meetup in memory of Lee Rome, and in support of Margaret Rome.
When Lee passed away 2 months ago, there was an outpouring of love for Margaret.  There were folks that wanted to support her but were unable to attend the service.   There were folks that found out much too late to attend.  Several spoke to me about getting together the local ActiveRain friends support.  At the time, though incredibly touched, Margaret was not ready. 
About a week ago, we talked about it … (37 comments)

maryland mortgage mama: WHY REALTORS DON'T LIKE TO WORK WITH FOR SALE BY OWNER - 07/14/14 08:53 PM
I have a friend who has her home on the market.  She is selling it by owner.  She has paid a company to put her property on the [MSL].   (Multiple Listing Service).    She is offering a 3% co-op fee to real estate agents who bring the buyer.
I asked her why she chose to go FSBO.  She said, "If I am on the MSL, why do I need an agent?  What are they going to do for me?  It is important to note that she has not had more than … (8 comments)

maryland mortgage mama: ACTIVERAIN Memorial Luncheon for LEE ROME JULY 17th 11:30-1:30 - 07/10/14 02:50 PM
ACTIVERAIN Memorial Luncheon for LEE ROME  At Kelsey's on JULY 17th 11:30-1:30   You are cordially invited to celebrate the life of Lee Rome, in support of our beloved Margaret Rome
WHEN:   July 17th  11:30--1:30 ish   WHERE: Kelsey's 8480 Baltimore National Pike
Ellicott City, MD 21043
410-418-9076   WHO:  ActiveRain Friends   Plenty of parking, yummy food.   Please let me know you are coming by Tuesday 7/15 so I can confirm the reservations.  
Bridget McGee 410-960-2061 or leave a comment here.   ACTIVERAIN Memorial Luncheon for LEE ROME JULY 17th 11:30-1:30 at Kelsey's Irish … (12 comments)

maryland mortgage mama: Top Four Reasons Loans Are Denied - 07/08/14 11:30 AM
Top Four Reasons Loans Are Denied
The perception in the market is that loans are harder to get these days.  Actually, they are easier to get then they were, but certainly harder than before the mortgage meltdown.  It became too easy for unqualified borrower's to qualify for mortgage loans and the result was folks in home who should have either never purchased or homes they really couldn't afford.
What are the top four reasons loans are denied?
1.  DTI  Debt to Income-Potential buyers have too much debt. The total of all monthly payments on credit cards, student loans, … (5 comments)

maryland mortgage mama: ARE YOU GOING AWAY FOR THE 4th? NOPE! I LIVE IN CATONSVILLE, MD! - 07/01/14 07:08 PM
I was speaking with one of my favorite realtors this afternoon and she asked "Are you going away for the 4th?".
My response, "No way, I live in Catonsville!"
Catonsville is the best big town with a small town feel I know. Located just outside of Baltimore, within an easy commute to DC, Annapolis and beyond, Catonsville, Maryland is a town where everyone you meet knows someone you know.  Often when parents move out or move on, their children buy their homes.  There are … (1 comments)

Child support and alimony can be considered income for mortgage loan purposes, though it is not required to be disclosed/counted as income and documented if not needed for qualifying.  Child Support and Alimony will be considered a debt, though if not required to continue for more than 10 months, it may not affect qualifying.

If you are using this income for qualifying or disclose that you have a child support/separate obligation the lender will require:
a complete copy of the separation agreement (if not included … (3 comments)

maryland mortgage mama: Live Radio Show Sunday 12 Noon With Margaret Rome and Guest Mortgage Mama - 06/15/14 04:43 AM

If you or someone you know is considering a home purchase in the future, be sure to listen in today at noon.  Margaret Rome and I will be discussing mistakes some folks make.  Hopefully we can help you avoid these homebuyer pitfalls for a smooth and joyful journey to your purchase!
Be sure to listen today (Sunday, June 15th, 2014) on WCBM680 in Baltimore.  You can catch the live stream via your computer if you are out of the listening area.  AND if your Father's Day plans make it too hard to listen, you can catch a replay on the podcast! … (2 comments)

I have been in the mortgage business for over 13 years.  I talk to folks thinking about buying homes in Maryland every day.  I find that sometimes these folks just are not ready to purchase, too often, these mistakes can be avoided.   Today I am here to share three BIG mistakes that folks make when thinking about a home purchase. 
Falling in love with a home before determining how much they can afford.
It’s always fun to browse on line or stop by open houses, but … (22 comments)

maryland mortgage mama: SHOP AMAZON SMILE AND DONATE TO YOUR FAVORITE CHARITY FREE - 06/02/14 06:36 PM
I am not a fan of going shopping. Any shopping, really, I avoid most stores as often as I can. If I absolutely must shop, I like to get in and get out and shop local when do shop. Luckily I have a husband who doesn't mind grocery shopping and trips to Walmart (Actually, he enjoys it!)  
When possible, I tend to do my shopping online. I am an Amazon Prime member.  The fee is worth it to me for quick shipping and easy returns.
Amazon has a great new program where they will make a donation … (3 comments)

maryland mortgage mama: Consider a local bank on your next home purchase. You'll be glad. - 05/30/14 07:12 PM

Mike Cooper brings up several stories of big banks causing great stress to buyers and real estate agents alike because there were last minute turn-downs for things that should have been caught at the beginning of the process.  It is SO important that lenders review all documentation early in the home buying process to ensure smooth sailing through closing.  If you are working with a lender who gave you a prequal without reviewing your documentation thorougly, you may be in for a surprise!  This doesn't happen all the time, there are some great folks that work for big banks, but sadly … (3 comments)

maryland mortgage mama: First Time Home Buyer Grants and Loans in Maryland - 05/29/14 01:37 PM
First Time Home Buyer Grants and Loans in MD
Did you know that there are special loans and grants available based on who you work for?
The program is called:
House Keys For Employees (HK4E). 
The companies are not all huge corporations, city governments and universities as you might expect.  There are small and mid-size companies including hair salons, locksmiths, tire companies, bakeries and more!  Each company/organization will have their own rules that will apply to the availability of funds, so be sure to check with your human resources department to see what they have available.
The really … (2 comments)

maryland mortgage mama: Germantown, Maryland Has Lots To Offer Residents! - 05/29/14 08:10 AM
Germantown, Maryland Has Lots To Offer Residents!
Beautiful home in Germantown, Maryland!  The all brick home has 3 bedrooms upstairs and one downstairs and plenty of bathrooms in the end of group property!  Great for commuters to DC (only 25 miles to the the capitol!), Frederick and beyond.  If you are not familiar with all that Germantown has to on!
Did you know that Germantown is a commuter's dream?  Not only are there 3 on ramps to 270 nearby and the ICC (use the Intercounty Connector-avoid the traffic and get where you are going faster!!), there is a Marc train, and it's a … (1 comments)

maryland mortgage mama: Maryland and Delaware USDA Loans-EXTENDED CONTRACTS NEEDED - 05/22/14 05:58 PM
Maryland and Delaware USDA Loans-NEED MORE THAN 30 Days on those purchase contracts!
USDA Loans are great loans that offer no money down financing to folks purchasing in Rural communities.   You may be surprised to know that this does not mean that you must purchase farm land. Property eligibility is determined by the density of the population.  
As you might imagine, in Maryland, Baltimore City does not offer any USDA financing. Much of Carroll and Frederick Counties qualify for no money down financing with USDA.  Parts of Baltimore, Howard and Prince George’s County also qualify for no money … (4 comments)

maryland mortgage mama: A Beautiful Send-Off For A Special Husband, Father, Friend-Lee Rome - 05/19/14 07:04 PM
A Beautiful Send-Off For A Special Husband, Father, Friend-Lee Rome
I have been blessed to know Margaret Rome both professionally and personally for several years thanks to ActiveRain.  
I had met her husband Lee at some of the ActiveRain meetups and was always in awe of their relationship and the mutual adoration they shared. Each time she finished a radio show on Sunday afternoons, he would say "That was the best one yet" or "I think you could have done better".  He didn't mince words, and Margaret took in his thoughts, some she took, some she left, but she always appreciated … (5 comments)

maryland mortgage mama: This Mother's Day Is Full Of Sh**! - 05/11/14 04:02 PM
This Mother's Day Is Full Of SH**!
This Mother's Day is full of sh**, but not in the way that you may think.   
You see, I have an appointment for a colonoscopy and an endoscopy at 8:45 on Monday morning.  When I was scheduling the procedure, I realized that I would be "prepping" on Mother's Day.   At first, I considered changing the appointment. Since the first part of the prep day is a clear liquid diet, this would mean no breakfast in bed, no brunch, no special dinner or chocolate covered strawberries for me in "honor of my special day". … (3 comments)

maryland mortgage mama: Second Saturday Open Houses North Baltimore - 05/10/14 06:56 AM

I am so excited to be able to spend this beautiful Saturday before Mother's Day with Margaret Rome-Open House Master!! 
There are 7 homes available for viewing today!   Stop by 413 Calvin Avenue to check out this listing....Let me know you found out about it on ActiveRain and you will be entered into a special drawing!
If you know someone who is considering a purchase in this or any other area of Baltimore, please feel free to send them in today.  I will be available to start the APPROVAL process!
Looking forward to seeing you there!!  Be sure to tell the … (2 comments)

maryland mortgage mama: READ the fine print on those internet loan offers! - 05/01/14 08:28 PM
Be SURE to READ the fine print on those internet loan offers!
I do my best to build rapport with my clients, go above and beyone to help them to navigate the loan process and the buying process and make myself available for questions (many times at all hours of the day and night-often when "bankers" hours are done)
In this market, that can mean updating lender letters multiple times, running numbers again and again and providing counseling services.
My rates and fees are competive and often better than the competition. My service, top notch.
By the time some folks finally … (5 comments)

maryland mortgage mama: What Real Estate Agents Won't Tell You - and WHY - 04/01/14 06:02 AM

This is great information from Margaret Woda of Crofton, Maryland.  Margaret shares why Real Estate Agents ARE NOT ALLOWED BY LAW to disclose certain information to you as a buyer. 
It is really important for buyers to do their own research on neighborhood, schools and crime. This is the age of the internet.  It is easier than ever to find out information with a few clicks of the mouse!
Go to the neighbohoods at night and on the weekends, check things out for yourself!  Do your due diligence and understand that the agent is doing his or her job, but you have to … (3 comments)

maryland mortgage mama: Passing On A Great Legacy - 03/31/14 08:44 PM
Passing On A Great Legacy
Today would have been my mother's 85th birthday.  Unfortunately for the world, she did not make it to her 52nd here on earth.  I was 12 when she died.
She was a great lady.  She was the youngest girl of 7 children, studied music at Peabody, sang and acted in many performances, worked at Bethlehem Steel,  was engaged several times before marrying my dad, sang in the church choir, was a military wife and mother of 4.  She "followed the Gypsy" (my Army dad) around the world after they were married. While all of her family stayed in … (2 comments)

maryland mortgage mama: 4 Reasons Why Your CONDO May NOT Qualify for Traditional Financing - 03/31/14 01:12 PM
4 Reasons Your Condo May NOT Qualify for Traditional Financing...and what to do about it.

There are less than 51% of the properties that are owner occupied.  (There are lots of renters)
There is too high of a delinquency rate for HOA dues.  (More than 15% of your neighbor's are 30 days or more past due) 
The Association is involved in a lawsuit.  
1 entity owns 10% or more of the properties. 

I often get calls from excited clients about purchasing condos.  Often there are "great deals" on fabulous homes with tons of community amenities that may not be available in a single family homes. 

The … (3 comments)

Bridget McGee, Maryland Mortgage Mama NMLS#196068 (Corridor Mortgage Group 410-960-2061) Rainmaker large

Bridget McGee

Maryland Mortgage Mama NMLS#196068

Baltimore, MD

More about me…

Corridor Mortgage Group 410-960-2061

Address: 1825 Dundalk Avenue Ste 101, Baltimore, MD, 21222

Office: (410) 282-6456

Mobile: (410) 960-2061

Email Me




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