md real estate: You may qualify for a mortgage with a little help from family!
- 02/26/11 03:30 AM
THIS IS A RE-BLOG FROM LARRY BETTAG, a midwest lender...REALLY GOOD INFORMATION
If you are looking for the straight scoop in the mid-west, Larry is your guy!
Please note: If you are considering acting as a co-borrower it will be VERY important that you have full confidence that the mortgage payment will be made on time, EVERY time. It is in a co-borrower's best interest to monitor the payments. A great credit score will drop dramatically when a payment is late or not made. Acting as a co-borrower, your credit score will be affected by the positive or negative mortgage payment history of … (0 comments)
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md real estate: Remember when I was afraid of the Dentist?
- 02/16/11 02:27 PM
"Remember when I was afraid of the Dentist?" That is what my daughter said to me as we walked into Smiles 4 Children for her 6 month check up today. At 5 (and a HALF), this is her 3rd visit to the dentist. She walked in with no fear, no trepidation.
Their marquee says it all, Smiles4Children is Dentistry for Children. Located at 1134 N Rolling Road near the corner of Rolling Road and Route 40 in Catonsville, just down the street from the Double TT Diner, the combination dental/orthodontic office is a Dental Haven for kids.
If you, like me, … (21 comments)
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md real estate: Wow, Do I Feel Lucky!
- 02/07/11 03:30 AM
As you have probably read, I attended the Active Rain Gathering in Baltimore. Margaret Rome presented me with an amazing prize at the end of the afternoon. From Margaret Rome's Blog
C Tann won one for being the member at the most Baltimore gatherings.
Mortgage Mama won for bringing the most people...including her husband Billy aka Papa Razzi, her brother and partner, Tony Demchak and her beautiful daughter Sydney
Pat Kennedy for being the only millionaire Rainer in attendance.
Mary Yonkers for causing this happening by agreeing to meet me for lunch!
I am now the proud owner of this beautiful piece of Art work … (10 comments)
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md real estate: Here's what I don't understand about Short Sales....
- 01/31/11 03:38 AM
Here's what I don't understand about short sales....
Based on what I have read, and my own interpretation gleaned from conversations with friends, clients and potential buyers...
The great majority of the homeowner's involved in short sales do not want to leave their homes. Banks are overwhelmed by the paperwork both for the new loan for purchase and the documentation of the hardship for the old home. Foreclosures and other vacant properties blight neighborhoods Short sales and Foreclosures cause a HUGE hit to credit scores and preclude most buyers from purchasing another home for 3-10 years, extending this crisis for the … (2 comments)
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md real estate: So You Want to Buy or List a Condo...Will Financing Be Available?
- 01/28/11 03:54 AM
I got a call yesterday from a realtor (referred to me by Margaret Rome, THANKS MARGARET) who has a client interested in condo living. There are some fabulous condos on the market, the prices are right, the amenities are fabulous. For cash buyers, condo living may be a no brainer, but for many the question will be "Will financing be available?"
To determine if the condo is currently approved for FHA financing, click here.
To determine if the condo is currently approved for VA financing, click here. It can take 8-12 weeks for the VA legal department to approve a condo. Documents including budget … (11 comments)
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md real estate: What will it cost to sell my property?
- 01/26/11 12:00 PM
When asked by a recent client "What will it cost to sell my property?" I helped them to estimate the true costs involved.
To estimate Net Proceeds for your property in Maryland you must take the following into consideration:
1 Transfer and Recordation Charges (varies by county) Estimate 1.1%* of purchase price
2. Other title charges of approximately 250.00*
3. Realtor Fees (5-8% of sales price)-This fee is split between the listing agent and the buyers agent. I am quite certain there are some fantastic discount brokers out there just as there are many that aren't so fantastic (she says kindly)
Please be aware that trying to save a few bucks … (2 comments)
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md real estate: Approved Short Sale...Lovely home, come in and fall in love!
- 01/21/11 12:07 PM
… (3 comments)
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md real estate: Open Letter to my clients and referral partners...
- 12/16/10 03:39 AM
I hope this letter finds you Healthy, Happy and ready to start a New Year.
December for me, like many people, is a time of reflection on the past year and a time to set goals for next. For many 2010 was a really tough year, hopefully we have been able to make it a bit better. I pray that 2011 is a year of great joy and prosperity.
In my review of 2010 I realize how blessed I am. In a time of extreme volatility in the mortgage and real estate industry, thanks to past clients and referral partners, our … (4 comments)
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md real estate: GRRRRR! Bank of America, PLEASE FORECLOSE!!! RANT!! HELP!!!
- 10/15/10 12:47 PM
I have been holding off on this post for quite some time now, hoping to finally have a resolution, but no....GRRRRR! BANK OF AMERICA PLEASE FORECLOSE!!
I have a client who as a result of a divorce put her house on the market in June of 2008 (yep, that is NOT a typo.) After 2 contracts where the buyers pulled out, the latter with a super quick move-in making my client (a soldier) move into base housing to accomodate. The buyer pulled out with less than 10 days to closing, leaving my client (my friend) high and dry.
In December of 2008 … (9 comments)
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md real estate: What are interest rates?
- 08/23/10 11:24 AM
I recieved a referral from Margaret Rome for a pre-qualification of a buyer. My deal with Margaret, as it is with all of my referral partners, is to just have them call me, no need for you to do my job. One of the favorite parts of my job is that first conversation where I get to ask questions. Although most of the Realtors I work with know many of the questions to ask, your job is to sell Real Estate, my job is to help your clients to secure financing.
This young woman knew a lot about real estate. She … (8 comments)
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md real estate: VA may soon be the ONLY 100% financing available...USDA almost out of $$$
- 03/10/10 11:30 AM
Please see below if you know anyone considering utilizing a USDA loan to purchase a home. Funding is expected to be exhausted by April, 2010.
This is one of only 2 types of loans still offering 100% financing (the other is VA).
Contact me if I can help!
Warm Regards,
Bridget
Bridget McGee MARYLAND MORTGAGE MAMA
THE RIGHT LOAN AT THE RIGHT TIME!
410-282 6456 office
410-960-2061 cell
Check out my blog: www.activerain.com/bmcgee
Apply Now: www.mdloannow.com
P.S. Don't keep me a secret! Take a minute to let your family, friends and co-workers know the value you … (0 comments)
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md real estate: JOIN US IN YOUR JAMMIES! FREE, ON-LINE HOME BUYER WORK SHOP
- 03/04/10 09:14 AM
This is going to be a great seminar with lots of Need to Know Info. Hope you can make it! … (5 comments)
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md real estate: NO Calorie Blizzard Baking...BRILLIANT!
- 02/10/10 04:31 AM
I don't know if you have heard but Maryland (and much of the east coast) is getting bombarded by snow. If you are like me you are probably done with the news coverage of the anchors telling us how bad the roads are, and watching the school and activity closing scroll along the bottom of your screen. Are you and your family getting cabin fever? Bored of the same old movies, tired of board games?
I too have been trying to come up with our next craft/project to entertain my 4 year old. I have been trying not to bake (my typical go-to when … (1 comments)
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md real estate: FIRST TIME HOMEBUYER SEMINAR BALTIMORE COUNTY
- 05/11/09 05:35 PM
FREE HOMEBUYER SEMINAR
"How to Purchase and Finance Your First Home"
A community service sponsored by Allied Home Mortgage Capital Corp and REMAX Classic
Come learn the five most important things you must know before you buy and finance your first home. This free, no obligation seminar will help answer your questions and get you started off right! With interest rates low and hundreds of affordably priced homes on the market, and up to an $8,000 tax credit for anyone who has not owned a home in the last three years, NOW is the time to BUY!!
"How to Purchase and … (0 comments)
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md real estate: Can your lender do this?
- 04/29/09 07:02 PM
Wow! I got a frantic call from one of my buyers at 8:45 AM on Easter Saturday (April 11th). "Bridget, I hate to bother you on a Saturday but I need a new pre-qual letter today. We had the water turned on (in the bank-owned home) and the pipes burst through the walls! I am not buying that money pit, but I still need to move in to a home in the area by May 1st. We are making an offer today on another home."
I was at the beach (down de ocean, hon) with my family. I grabbed my lap top, … (0 comments)
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md real estate: Builder Dis-Incentives!
- 11/21/08 07:08 AM
For anyone who has shopped for a new construction home and was told that by using the builder's "preferred lender", they would receive great incentives, if not, they would pay a higher price, not get special perks, whatever. It always struck me as being a bit on the shady side. I am glad that RESPA finally is helping the consumer the leeway to find their best advocate!
Effective Jan. 16, 2009 a new home builder can no longer use "disincentives" to steer their customers to their preferred mortgage company. In practice, builders have for years offered huge monetary incentives to steer customers to … (2 comments)
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md real estate: My Closest Book MEME, I've been tagged!
- 11/21/08 04:44 AM
I have been tagged by Margaret Rome for my first ever MEME! Margaret asked me to find my closest book and follow the instructions.
Here is the way it works:
1. Grab the nearest book.2. Open the book to page 56.3. Find the fifth sentence.4. Post the text of the next two to five sentences.5. Don't dig for your favorite book, the cool book or the intellectual one. Pick the Closest.6. Tag five people to do the same
*The one book that this can not be is the Bible*
Here's my closest book: CONNECT by Keith Harrell and Hattie Hill Keith … (5 comments)
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md real estate: Is that pre-qual worth the paper it is written on?
- 06/20/08 09:49 PM
I was inspired to write this post after reading Jesse Clinton's post "I'm sorry, what did you just say?"
The mortgage market is changing daily. It used to be pretty easy to qualify a borrower and even when it took a while for them to find a home, we'd be confident in the letter we wrote. Now, we ask the buyer's agent and the borrower to contact us PRIOR to writing an offer to we can double-check/double confirm the buyer's information, to make sure nothing has changed. It only takes a few minutes, but can mean the difference between closing and not closing.
When we work with a buyer, we … (8 comments)
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THIS IS A RE-BLOG FROM LARRY BETTAG, a midwest lender...REALLY GOOD INFORMATION
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