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maryland mortgage rates: Value your broker and they will value you - 12/10/09 04:14 PM
When shopping for a loan, you need to ask yourself what it is that you are shopping for.
Are you shopping for the lowest rate and lowest cost?
Are you looking for a professional that may not be the least expensive, but earns every bit of his/her fee?
Is there value in working with a local mortgage broker, as opposed to a huge internet company?
If you want the lowest rate and cost, all you have to do is get a good faith estimate from a broker and send it to another broker. The 2nd broker will send you an estimate … (0 comments)
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maryland mortgage rates: Mortgage rates from 4.5%, No Cost refinances available! - 11/02/09 01:51 PM
TODAY'S MORTGAGE RATES : MD, VA & DCUpdated 11:15 am 11/02/09
IMPORTANT FHA GUIDELINE CHANGES TAKE EFFECT ON 11/18
All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 millionAdjustable Rate Mortgage (ARM) Rates from 3.5% please call or email for a … (0 comments)
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maryland mortgage rates: Mortgage rates FHA, VA , JUMBO, Conforming fixed rates from 4.5%! - 09/18/09 11:41 AM
Friday, September 18, 2009
**SPECIAL** FHA JUMBO STREAMLINES from 4.5% with $3,000 closing cost credit
4.5% mortgage rates , low closing cost
Mortgage rates: Virginia, Maryland, DCUpdated 12:20 am 9/18/09All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 millionAdjustable Rate Mortgage … (0 comments)
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maryland mortgage rates: What have we learned this summer about interest rates? LOCK IN NOW! - 08/17/09 11:01 AM
From early March until May 27th we were enjoying record low interest rates. When I say low, I mean REALLY low. I was writing loans as low as 4.375% 30 yr fixed with ZERO points. Despite all of this, I had clients that refused to lock as they waited for 4% or even lower. Those clients got burned and will likely not make the same mistake again. Take a look at the chart below and you can see just how drastically the market can move in a day
WHERE WE ARE TODAY:
The market has stabilized, while still volitale we … (2 comments)
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maryland mortgage rates: How to get the JUNK out of your closing cost! - 08/11/09 10:26 AM
It is imperative to compare apples to apples when shopping for your mortgage.
Just because one broker offers you the lowest rate, it does not necessarily mean that they are offering you the best deal. To find out what the best option is for you, you must compare Good Faith Estimates side by side. Here are some important things to look for:
Most "junk fees" will be found in the 800 lines of the GFE. Below you will see what excessive fees will look like
The 800 section is what you need to pay the most attention to. Everything else … (0 comments)
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maryland mortgage rates: Dear refinance fence sitter : a letter from your mortgage. - 06/29/09 10:06 AM
Josh BurleySr. Loan OfficerChoice Finance Corp. www.joshburley.netwww.choicefinance.net301.881.8900 x125
Check me out on Facebook
… (0 comments)
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maryland mortgage rates: Rates are falling and my rate is locked! What do I do? - 06/26/09 01:50 PM
"I locked my interest rate at 5.5% and now rates are going down, what do I do?"
With rates returning to the 5% level and possibly going lower, many consumers who "locked in" their interest rate over the past 3 weeks are now left asking this very question.
First I must say, that you were not a fool for locking in a great rate in a volatile market when rate were rising. The probability that rates would continue to rise was just as great, if not greater than the chances they would fall. I say to clients all day long :"IF … (0 comments)
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maryland mortgage rates: What is a float down? - 06/26/09 11:23 AM
A float down is when rates improve after you have "locked in" your interest rate and the lender agrees to float your interest rate down to the market rate for that given day.
Q: Do all lenders offer this?
A: No. Every lender has a different policy. Some do not offer a float down option at all
Q: How do I know if the lender I am locked with will offer a float down?
A: Ask your mortgage broker. Ideally, you would want to ask this question prior to locking.
Q: What do I do if I am already locked and … (0 comments)
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maryland mortgage rates: ARM is not a dirty word - 05/18/09 11:29 AM
In case you have been in a cave for the past 2 years, the adjustable rate mortgage (ARM) has been unjustly blamed for the housing crisis. Here is the public perception of the ARM:
Borrowers were sold these new exotic Adjustable rates without the terms being disclosed, then they adjusted and the borrower could not longer make the payment and lost their home.
Is this true? partially. BUT , The ARM was not a new program, the ARM is not exotic or unusual, in fact the ARM is a great option for the right borrower. If you have over 20% … (0 comments)
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maryland mortgage rates: Attention UPSIDE DOWN Villages of Urbana Homeowners - 05/05/09 01:47 PM
Help may be here for you!
I am one of many VOU homeowners that is upside down on my mortgage I purchased in the Villages of Urbana in September of 2005, otherwise known as "the height of the market". As a result, I owe$440,000 on a townhouse that is worth about $350,000 (I'm being aggressive with that estimate)
Due to the rapid decline in home prices in our community, many homeowners have been unable to take advantage of today's low interest rate. That has changed if your current mortgage is owned by either Fannie Mae or Freddie Mac. Under the HARP program, you … (0 comments)
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maryland mortgage rates: Be a good American: Buy a home and get free money while supplies last! - 05/01/09 11:58 AM
"I'm a first time home buyer, I'm trying to buy a home soon to take advantage of the first time home buyer $8,000 tax credit" That statement ranks in the top 3 things I hear everyday.
#1 is "I'm upside down on my mortgage, HELP!"
#2 is "I'm not your maid, put your clothes in the hamper" (I did not say that my top 3 are all business related)
So I digress back to the point of this post. Now is a great time for a first time home owner to buy a home. Prices are low, rates are lower, sellers are paying … (0 comments)
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maryland mortgage rates: Why the No Cost mortgage is a HIGHER cost mortgage - 04/29/09 03:15 PM
No closing cost mortgages have long been an attractive option for homeowners. When done correctly, they can indeed be a very good deal. I receive regular inquiries about these loans and my advice in this market is always the same: If you are planning on owning your property longer than 3 years, than it is probably MORE beneficial for you to obtain a mortgage with reasonable cost, than a mortgage with no closing cost. In all likely hood, it would probably be beneficial to pay points and get the LOWEST rate possible. The only time I recommend no cost refinances is for a … (2 comments)
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Choice Finance®
Rockville,
MD
More about me…
Choice Finance Corporation
Address: Rockville, MD
Office Phone: (301) 881-8900
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