maryland mortgage mama: 2016 GOAL SETTING SERIES-MEASURING SUCCESS - 12/17/15 02:17 PM
2016 GOAL SETTING SERIES-MEASURING SUCCESS
 
When I became a loan officer I determined that my goal was to provide value beyond rates, and mortgage information.  I am happy to provide all of that you need, but this 2016 GOAL Setting Series will be focused on helping you to make more money,  and even to step a little bit out of your comfort zone. 
I am not going to get into how many calls lead to a yes ,that lead to an appointment, that lead to an opportunity, that lead to a sale.  I am here to motivate, encourage and get you excited … (2 comments)

maryland mortgage mama: Should I use an FHA Loan When I Buy A Home? - 10/04/15 01:53 PM
Should I use an FHA Loan When I Buy A Home?
 
It may make sense to use an FHA loan when you buy a home, it really depends on your situation and your goals.
What is FHA?
Federal Housing Administration (FHA) Administered by the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration was formed in 1934 to help consumers with homeownership.
The FHA is not a mortgage lender. It's a mortgage insurer. And, like other insurers, the FHA collects regular payments known as mortgage insurance premiums which fund the claims it pays to lenders.
(NEW Guidelines 4000.1 Effective 9/14/2015)  There were 66 changes … (2 comments)

maryland mortgage mama: Ending Gun Violence In 2016 - 10/04/15 01:17 PM
Ending Gun Violence In 2016
 
The gun violence continues in the United States.  
 
When tragedy strikes in a big way, with multiple deaths by one or a few shooters, all the politicians come out.  The pundits are up in arms, it's all over the news and the talk of the day around the water cooler.
So sad, those poor people.
See, we need better gun control.
It's not guns that kill, it's people that kill people. The guns are not the problem.
THOSE people, THEY are the problem.
How was it that nobody knew?
 
Everyone has something to say, but there is not enough ACTION.
 
Something has to be … (6 comments)

maryland mortgage mama: BUYING INCENTIVES FOR BALTIMORE CITY 2015 GRAND SLAM - 09/09/15 05:08 AM
WOW!!! CHECK OUT THIS BALTIMORE CITY (Not Just for) FIRST TIME BUYER GRANTS! GRAND SLAM BALTIMORE!
 
The newest incentive for Baltimore City Home Buyers-Not Just For FIRST TIME BUYERs!  ACT FAST, LIMITED FUNDS, SHOULD HAVE HOMEBUYER EDUCATION IN PLACE TO QUALIFY.
From the MMP directive:

We are pleased to announce that, effective today, September 2, 2015, we are offering four special incentives (hence, the name Grand Slam) for borrowers who are purchasing a home in Baltimore City.
The Maryland Grand Slam Program in Baltimore City will be open for reservations until the allocated funds for the grants are expended. The remaining balance of these … (0 comments)

maryland mortgage mama: Timeshare Default -Shows as a Foreclosure! - 08/11/15 09:39 AM
Timeshare Default -Shows as a Foreclosure!
 
A borrower recently contacted me about purchasing a home in Maryland.   After discussing her needs, I reviewed her credit.
 
She has a timeshare owned jointly with her ex that he has not made payments on it since about 4 months after they purchased it (almost 2 years ago).  She was very surprised to find that her credit report is showing the default as a "Foreclosure; Real Estate Mortgage".
 
 If it is coded on the credit report as a foreclosure, both Fannie Mae and Freddie Mac (conventional financing) view it as they would any other foreclosure.  A foreclosure … (2 comments)

maryland mortgage mama: Where Do I Apply For A Passport In Maryland? - 08/03/15 12:34 PM
Where Do I Apply For A Passport In Maryland?
 
My husband and I have been talking about getting passports for years.  Since he was in the military, he never needed one, mine expired many years ago and since we haven't gone outside of the U.S., we kept putting it off.
 
I finally said "Enough! We need to get them done!"  I grabbed the applications the last time I was at the Post Office and completed them.  My husband took our daughter to get their photos done at the Fed Ex store around the corner one Saturday morning and I stopped in on my way … (3 comments)

maryland mortgage mama: First Time Buyers in Maryland and the Mortgage Credit Certificate - 07/21/15 01:14 PM
First Time Buyers in Maryland and the Mortgage Credit Certificate
 
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)

maryland mortgage mama: HARP Extended To December 31, 2016 - 05/18/15 12:54 PM
 
HARP Extended One Year to 2016
 
Per Freddie Mac and Fannie Mae announcements, the implementation of the Home Affordable Refinance Program® (HARP) will be extended through December 31, 2016. The program had been set to expire on December 31, 2015.
 
 
As of December 2014 there were still more than 600,000 borrowers nationwide who would benefit from a HARP loan.  In Maryland there are more than 17,000 loans that would benefit!  Not sure what folks are waiting for!  Are you eligible?
What are the basic eligibility requirements? Current on your mortgage, with no 30-day+ late payments in the last six months and no more than … (5 comments)

maryland mortgage mama: Do I Need To Pay For A Copy Of My Deed? - 04/07/15 09:23 AM
Do I Need To Pay For A Copy Of My Deed?
 
New Home Owner's Beware!
You have just purchased a new home.  There was so much paperwork and so much information, you barely remembered your name by the time it was over. After signing so many pages, your signature sure didn't look like it normally did. Then the big move! The paperwork gets put in a fire resistant safe and you begin enjoying life as a homeowner.
 
A few weeks later you come home to a very official sounding letter offering a copy of your mortgage deed for a mere $39, $69, $89 or more. … (5 comments)

maryland mortgage mama: Could THIS Delay Your Settlement? - 03/18/15 05:00 AM
Could THIS Delay Your Settlement?
 
Spring has sprung in most areas for Real Estate.  My borrower's seem to be involved in competitive offers.  Many of the sales are contingent on other sales to move forward.  A delay in one settlement can be not only frustrating, but the domino effect could be catastrophic.
 
This time of year is always busy.  So many seller's wait to list, and buyers seem to come out in droves! The low rates are still enticing homeowner's to refinance too.
 
With so many loans in process, lenders are BUSY, underwriters and processors are over-worked and loans … (3 comments)

maryland mortgage mama: Who Should I Refer My Maryland Buyers To For Mortgage Financing? - 03/01/15 06:20 AM
Who Should I Refer My Maryland Buyers To For Mortgage Financing?
Just got your Real Estate License and need someone to partner with?
Have a favorite client or family member moving to Maryland and want to help them find the right lender?
Your long time lender is getting out of this crazy business and now you need a new one? 
Frustrated with the lack of communication from the loan officers you have been working with?
Just need some additional referral partners?
Check out this video to learn about why you should consider working with the Maryland Mortgage Mama and her team!!
(4 comments)

maryland mortgage mama: I Inherited A Home, Now I Want To Buy. Am I a First Time Buyer? - 03/01/15 05:35 AM
I Inherited A Home, Now I Want To Buy.  Am I a First Time Buyer?
If you own a property (even if it is inherited) AND it is your primary residence, you are not considered a first time home buyer.  If you own the property but do not live there, you may still be considered a first timer.  
 
If you choose and need down payment assistance, you may be able to purchase in a targeted area (I can show you where to find this information) as long as you are not on title to the inherited property at the time of purchase. If you are … (4 comments)

maryland mortgage mama: JOIN IN A RECORD BREAKING PIE FIGHT March 22nd, 2015 - 03/01/15 03:06 AM
JOIN IN A RECORD BREAKING PIE FIGHT
March 22nd, 2015 Columbia, Maryland
 
 
Ever wanted to get in the record books, but could never figure out how?
Ever wanted to see what it's like to be in a pie fight?
Looking for some family fun to bring in spring right?
Want to get messy for a great cause?
Grab your goggles, grab your friends, grab your family, grab perfect strangers and get over to 6770 Oak Hall Lane in Columbia, MD on Sunday, March 22, 2015!  
Check in starts at 8:30.  The fight will begin at 11AM, don't be late … (2 comments)

maryland mortgage mama: I Am Going To Run Away And Join The Circus! - 03/01/15 01:02 AM
I Am Going To Run Away And Join The Circus!
Well, I am not, but my kid could.  

When looking for things to do for kids near Catonsville,MD and Columbia, Maryland, we found Center Ring Circus School.  It is owned and operated by Gregory May, a former Ringling Bros. clown.  Greg is so encouraging to all the kids (and I am sure the adults too).  The classes are open to all ages and ability levels. 
       
Syd started at the summer camp last year and loved every minute!  She came home happy and exhausted every night! … (6 comments)

maryland mortgage mama: African Girls Educated Because of ACTIVERAIN! - 11/17/14 03:01 AM
African Girls Educated Because of ACTIVERAIN!
 
Each November, my family and I are honored to take part of Mothers Fighting For Others (MFFO) GIFT OF EDUCATION Fundraiser in Gaithersburg, Maryland.  There is a small group of feisty, strong, beautiful women who are on the Gift of education committee who are dedicated to not only sponsoring a single child but raising funds to help more children.
I learned of MFFO and the girls of St. Monica's Orphanage, through my connection with Audrey June Forshey who I first met when I joined ActiveRain in 2007.   Audrey was connected through Jeff Turner, also cross-country friends who … (2 comments)

maryland mortgage mama: SHOULD I PAY FOR A RECORDED DEED IN MARYLAND? - 11/17/14 12:54 AM
 
SHOULD I PAY FOR A RECORDED DEED IN MARYLAND?
 
Mortgage Frequently Asked Question:
 
Q. 
I have recieved a letter offering to send me a copy of my recorded deed for $83, should I pay it?
 
 
A.  NO!  You would be throwing your money away!
 

 
 
The  letter is from a deed retrieval company that provides a service you don't need.
Your Deed is recorded in the land records and what is recorded is the official Deed.  The title company typically sends the original of the recorded deed to the buyers once they receive … (4 comments)

maryland mortgage mama: ACTIVERAIN MAKES ME A PROBLEM SOLVER! - 09/24/14 07:46 AM
ACTIVERAIN MAKES ME A PROBLEM SOLVER!
 
I received a call from a realtor I had never met before.  She was referred by another agent who I work with regularly.
 
"I am looking for a loan officer for my client.  Though they speak English, their first language is Vietnamese and would be most comfortable working with a lender who speaks their language.  Agent A said that you might be able to help." Agent B
 
"I don't speak Vietnamese, but let me check around and see what I can find out."  Mortgage Mama
 
My first thought was...Hmmm, how long would … (5 comments)

maryland mortgage mama: Don't Assume You Know the Outcome of a Mortgage Consultation You've Never Had - 09/09/14 01:55 PM
Gene makes some great points about a MORTGAGE CONSULTATION!  It is so important to know where YOU are before you make a final decision about your mortgage.
Rates you find on the internet may have no relevance when it comes to your situation. 
Take my client, let's call him Bob.  Bob called for a 10 year interest rate.  He had already spoken to 3 other lenders and gotten the 10 year rate.   When my team and I reviewed his documentation and his situation, a 10 year loan would have added a tremendous amount of undue financial stress in the short term.  He was … (3 comments)

maryland mortgage mama: The Maryland Mortgage Mama - 09/08/14 11:28 AM
The Maryland Mortgage Mama
The Maryland Mortgage Mama, it's what I do and who I am!   I have been in the mortgage business for about 14 years and over the years MORTGAGE MAMA has grown into not only my tag line, but my persona.

 
IN THE BEGINNING:
One of the realtors I worked with when I first became a loan originator came home from the Maryland Association of Realtors convention many years ago with a crystal pin that said REALTOR GODDESS.   I thought it was cute and thought it was a great conversation piece.   She told me about Crystal Persuasions, … (15 comments)

maryland mortgage mama: ActiveRain MeetUp in Baltimore See You At Bones - 08/13/14 04:04 AM

Hope to see you TOMORROW at Bare Bones in Ellicott City on August 14th at 11:30 AM! 
 
The Maryland meetups are always so much fun and I always learn something!  We have a great mix of Rainers who show up, from our lovely millionaire hostess, Margaret Rome, to newbies just sticking their toe in the puddle!  You don't even have to be a Maryland agent, we have had lots of out of towners stop by for a chat! 
 
Be sure to let Margaret know you are coming (or call Mortgage Mama at 410-960-2061), so we can make sure to set you a place!  … (5 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

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