The conventional wisdom is that the interest rate should be lowered by
2% or more to recoup closing costs within two years. However, creative
and less costly new refinance programs mean that you can benefit even if
the rate is only lowered by around 1%.

The best principle to follow is to refinance your home if you can pay
back the closing costs in less time than you will be living in that home.
If your principal is high, even a small reduction in the interest rate will
pay off in long-term savings.

 

1 in 10 Homes are in Foreclosure? Choose a Short Sale!
04/14/2010
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1 in 10 homeowners in the US are currently in foreclosure. In many of these instances, foreclosure could have been avoided by contacting a Realtor and listing the home for sale by way of "Short Sale". Foreclosure should be the very last resort. If… more
Looking to move close to North Point Highschool? Join the club!!!!!!
04/13/2010
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Waldorf's North Point High School serves grades 9-11 in the Charles County Public Schools district. It is among the few public high schools in Maryland to receive a distinguished GreatSchools Rating of 8 out of 10. North Point has 18 science,… more
Live Music In Waldorf Maryland
05/07/2009
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Do you like live Jazz, Rock or Blues? How about some Country Honky Tonk!? Well the Sunset Concert Series at O'Donnell Lake will kick off on Friday, May 15, with a concert by Alpha Jazz, a young trio from Waldorf who have a repertoire of jazz… more
Saint Mary's Crab Festival
05/07/2009
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I just love this time of the year in Maryland! Why you ask? Blue Crabs! I know we have a baseball team called the Blue Crabs, but I'm talking about the crabs that you can eat! The Saint Mary's County Crab Festival is coming up on June… more
Deciding on a family Pet
12/29/2008
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I took my family to see "Marley And Me" this weekend and I have to say that is was probably one of the best movies that I've seen. If you have the opportunity to see it, I'd highly recommend it. As a child growing up in Arlington Va, my brothers… more
Want to buy a short sale? You've better pack your patience!
12/16/2008
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If you are considering purchasing a short sale, it's important to understand that while you may be able to get a great deal, you need to have a lot of patience to get that good deal! Here's just one example of why… In February, 2008, I listed… more
 

Dion Rainey Southern MD/Northern VA Homes

Waldorf, MD

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REMAX 100 White Plains

Office Phone: (301) 843-5100 x 1358

Cell Phone: (301) 910-1250

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