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If you missed it, read more about the true: 100% financing available in Montgomery County, Maryland.
--it's not USDA. it's not VA.
--you need to make under $82,500
--you don't have to be a FIRST time buyer
--must contribute $500 into transaction
--there is NO mortgage insurance
--you MUST have GOOD credit
Bottom line, the monthly payment is less than FHA, AND your down payment is $0. With FHA it's 3.5%.
If you ARE a first time home buyer, you may also be eligible for $7,500.
If you qualify for the above 100% program, we can most likely work it so you need $0 at closing. However, this above program WILL allow you to combine this $7,500 Grant with it. SO, if you now use the $7,500 towards your closing costs... that is $7,500 you won't need to ask the Seller for. THUS, allowing you to lower your Offer price by that same amount.
This $7,500 is available on a 5 to 1 ratio. You will need to put $1,500 into the transaction now, to get an additional $7,500 granted to you. Actually, I believe your minimum investment now went up to $1,875 into the transaction. This is truly a grant, and is forgiven after 5 years. It can be used for down payment, closing costs and/or the prepaid items.
This Grant takes about 60 days to get approved BUT we can get the process started now, as we look for homes. I'm excited to share this opportunity with you. Let's make an appointment to discuss your situation, and get you into your new home!
 BJ Matson
Call or Text 301-257-1270
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Rockville | Silver Spring | Olney
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Listing Agent, Ben White, Realtor at Remax Town Center
240-848-3322
MC7521799
30 Millcrest Court
Derwood, MD 20855
Detached house sits in a culDEsac. Has updated Kitchen and Bathrooms, fresh paint and new carpet and new flooring. See more details of this Derwood home at Ben's site. Convenient to last stop on the Redline, Shady Grove METRO. Fully fenced backyard.
Contact Ben about above listing or Realtor BJ Matson to help you purchase Ben's home or others in the Derwood and Montgomery County areas.
BJ Matson, Remax
301-257-1270
Search more homes in 20855 -- Derwood Realtor
Listing Agent, Sharleen Kutrumbis, Realtor at Remax Town Center
240-793-4118
FR7403671
13619 Jacobs Road
Mount Airy, MD 21771
This was the Builder's own home, and sits on almost 3 acres has been reduced to $370,000. See more details of this Mount Airy home at Sharleen's site. Dramatic master suite with a luxurious bath, large bedrooms and a chef's kitchen with granite countertops, formal living room & dining room.
 There is one other home currently for sale in Jacobs Run. Search more homes in Mount Airy, Maryland or Jacobs Run.
Contact Sharleen about above listing or Realtor BJ Matson to help you purchase Sharleen's home or others in the Mount Airy or Frederick County area.
Via Choice Finance® (Choice Finance Corporation):
So you want to buy a house, what is the first thing you do (after trolling for hours on MLS listings sites )? You contact a realtor. The realtor is very happy to take your call and advises you to get pre-approved. Conveniently they just happen to have someone that comes "highly recommended and specializes in (fill in the blank, whatever you need is there specialty)" . You will call this person (which you should do) and they will pre-approve you for your loan, and send you off to buy a home! We all love one stop shopping and you have hit the mother load. You found a great realtor and mortgage broker that is highly recommended. The fact that they are basically in bed together should make the process go even smoother, right? WRONG!
The realtor is recommending a broker because they have a reciprocal business relationship. Not because they are any better or worse than anyone else. You must protect your best interest and shop for your loan. Here is what you need to do when vetting your mortgage broker:
- Only work with a broker that is no more than one state away from you. There are plenty of times where local knowledge comes in handy. I have heard horror stories about national internet companies.
- Work with a broker that is upfront about rates and fees. On a purchase you are committing to a lender prior to having the ability to lock in an interest rate. As a result, they have no reason to give you the lowest rate when it is time to lock in. They have no competition at this point, why would they?
- Most importantly, work with someone that you trust. Trust your instincts. They are almost always right. Interview your lender; make sure that they have your best interest in mind and not just their own commission.
Now you have a realtor, a mortgage broker and a pre-approval. Now it is time write a contract. When you are writing the contract, your realtor will say "I work with ABC settlements, they are great" You will likely nod and move on. It's just a title company, right? WRONG! The difference in title companies could be several hundred dollars. Do not let your realtor tell you who you are doing business with. Start comparing title companies online and use the settlement service that you want to use!
Bottom line: This is your biggest transaction of your life. Do not let someone else make the decisions for you; especially not a realtor who knows very little about the mortgage process. While you're at it, do not ask me how much you should list your home for. I have no clue and I have no problem admitting it. I can refer to a realtor that specializes in your area though. :)
Contact Josh Burley today to get preapproved for your home purchase.
Work with a LOCAL mortgage lender that you can trust. Choice Finance has been serving the DC Metro area since 1996
USDA, FHA , VA, Conventional and Jumbo mortgage rates
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.choicefinance.net
301.881.8900
 
Those pundits and arm chair quarterbacks out there who were predicting mortgage rates below 4.5% are either really good or really lucky. The truth is, it does not matter. As of 8:40 on Monday 11/30/2009 we appear headed to opening rates at 4.375% or lower with 1 point upfront.
Via Choice Finance® (Choice Finance Corporation):
Those pundits and arm chair quarterbacks out there who were predicting mortgage rates below 4.5% are either really good or really lucky. The truth is, it does not matter. As of 8:40 on Monday 11/30/2009 we appear headed to opening rates at 4.375% or lower with 1 point upfront.
To overuse a phrase that is already grossly overused, this is a perfect storm. Home values have stabilized and in many markets like Montgomery County, MD ; home values have started to rise in some pockets. This makes it an ideal time to refinance or purchase, especially if you have a JUMBO mortgage. Rates on Jumbos will beat 4.875% or LOWER with zero points today!
We have long been concerned about the new FHA guidelines that will limit the loan amount and basically require all closing cost to be paid by the lender, today that is not an issue. I will be able to offer 5% with all closing cost paid on FHA streamlines. This should be the case on both conforming and Jumbo FHA streamlines.
Speaking of no closing cost refinances, they will be hot today as well. How about 4.875% with all closing cost paid by the lender?
What I do not want to here from my clients today is that they want to wait for rates to move even lower. As a mortgage professional, the biggest piece of advice that I can give you is to learn from the past. When rates are this low, do not hesitate. LOCK IN YOUR INTEREST RATE today. Today is the only thing that is a given.
Contact Josh Burley today to LOCK your purchase or refinance
301.881.8900 x125
Work with a LOCAL mortgage lender that you can trust. Choice Finance has been serving the DC Metro area since 1996
Apply online now! @ www.choicefinance.net/apply
USDA, FHA , VA, Conventional and Jumbo mortgage rates
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.choicefinance.net
301.881.8900
The below Kenwood Forest listings sold within the last 12 months;
MC6900936 5044 Bradley Blvd $575,000 18-Nov-2008
MC6901272 5042 Bradley Blvd #2 $545,000 21-Nov-2008
MC7163197 6689 Fairfax Rd $540,500 30-Oct-2009
Search active Kenwood Forest homes for sale
*This is updated daily
All active Chevy Chase townhome listings
or talk to Kenwood Forest expert Lise Howe
BJ Matson, 240-281-6732
Montgomery County Realtor®
Via Choice Finance® (Choice Finance Corporation):
No Closing Cost refinance rates 11/9/2009
Rates listed below are for NO CLOSING COST mortgage refinances in Maryland, Virginia and Washington D.C.
Rates listed below are BASE rates. Rates are based upon a $300,000 minimum loan amount, no cash out and a credit score 720 or greater, closing cost not to exceed $3,000. Please call or email me for a custom rate quote.
No Closing Cost 30 yr fixed rate mortgage:
5% with $2,000 closing cost credit
5.125% Up to $3,000 closing cost credit
5.25% Up to $4500 closing cost credit
No Cost 30 yr fixed JUMBO mortgage rate up to $729,750 :
5.25% up to $4,000 closing cost credit
Lender paid closing cost 30 yr fixed FHA mortgage rate:
5% $1500 closing cost credit
5.25% Up to $3,000 closing cost credit
FHA streamline 30 yr fixed with NO MONEY OUT OF POCKET:
5% 30 yr fixed rate
Contact Josh Burley today to lock your NO CLOSING COST REFINANCE
301.881.8900 x125
Work with a LOCAL mortgage lender that you can trust. Choice Finance has been serving the DC Metro area since 1996
Apply online now! @ www.choicefinance.net/apply
USDA, FHA , VA, Conventional and Jumbo mortgage rates
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.choicefinance.net
301.881.8900
Via Choice Finance® (Choice Finance Corporation):
How long does the mortgage refinance process take? 
It is important to have proper expectations as to how long it will take to settle on your refinance. There are many factors that can affect the time that is will take to close. Please read on for a basic time line for a traditional FHA , Fannie Mae and Jumbo refinances.
Step 1: Identify a broker/lender that you trust to handle your loan transaction. Do not be fooled by "low cost/hidden fee" internet chop shops. It is important that you do not lose sight of the fact that your mortgage is your LARGEST financial obligation. You would not go to an unlicensed doctor in Tijuana for heart surgery, do not go to a part time loan officer/full time waiter for your mortgage.
Time elapsed: As long or as short as you would like, or you could call me now
Step 2: Complete a loan application, either in person or online. If you have any doubts about the company that you have chosen, it may be a good idea to visit their office for the application
Time elapsed: Online is about 15 minutes, in person should be within 24 hours (this a real time market, today's rate could be gone tomorrow. I suggest acting quickly)
Step 3: Gather all requested documentation to submit to underwriting. This is where YOU control things. It is imperative that you are as responsive and proactive as possible.
Time elapsed: 48 hours
Step 4: Once your lender/broker has received all necessary documentation, they will submit your complete loan for underwriting. All lenders have different underwriting turn times, some are as little as 8 hours, some are up to 3 weeks. Ask you loan officer who your loan is being underwritten by and how long it will take. This will also be the time when the appraisal is ordered. Under the new regulations, the lender cannot order your appraisal until 4-7 days after you have received your truth in lending agreement.
Time elapsed: Most lenders average 7-10 days
Step 5: Your lender will issue a conditional underwriting approval. Most often, the conditions that they ask for will be easy to satisfy (i.e., updated paystub, updated bank statement, corrections to title work etc....) Gathering and submitting these conditions will take about 48 hours. Once submitted, it can take up to 72 hours for the conditions to be reviewed and approved.
Time elapsed: 6-8 days
Step 6: Schedule loan closing.
Time elapsed: Many lenders require that loans are scheduled no less than 72 hours after the cleared to close is issued
Total time elapsed to apply, submit and close your loan : 28-31 days
This is assuming that you do not have anything go wrong, that you do not have a 2nd mortgage that requires subordination and that your lender is working aggressively on your behalf.
What if you need to close faster?
Choice Finance holds a lenders license and has the ability to underwrite loans right here in our Rockville, Md headquarters. This allows us to close your loan much faster than your average mortgage broker. Visit me online today www.choicefinance.net
Contact Josh Burley today to streamline your FHA mortgage
301.881.8900 x125
Work with a LOCAL mortgage lender that you can trust. Choice Finance has been serving the DC Metro area since 1996
Apply online now! @ www.choicefinance.net/apply
FHA , VA, Conventional and Jumbo mortgage rates
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.choicefinance.net
301.881.8900
Via Choice Finance® (Choice Finance Corporation):
If you have an FHA mortgage and you are considering streamlining, Here is what you need to know
1. You ALWAYS want to close at the end of the month! When you payoff an traditional loan, you will only pay interest for the amount of days that you actually have the loan. Example: Your loan funds on 11/2 , you would pay 2 days of interest to your old lender and 28 days interest to your new lender for a total of 30 days interest. On an FHA loan, you have to pay a full 30 days interest to your old lender. The result would be that you would pay 58 days of interest for 1 month! On a $300,000 loan that would be over $1100 in wasted money. ALWAYS CLOSE AT THE END OF THE MONTH!
2. Don't be fooled by "NO COST Streamlines"! While no cost FHA streamlines do in fact exist, make sure that is what you are getting. Just because you are not required to bring cash to the table, does not mean that your loan is NO COST.
3. Most lenders require a credit score. Prior to March of this year, lenders were not requiring credit scores for FHA streamline refinances. Today, 95% of lenders require a score of 620. I do still have lenders that will allow no credit score streamlines, but they will question the overall credit worthiness.
4. FHA streamline guidelines are changing on 11/18/2009. While most changes are minor; there are two big changes. 1. the maximum loan amount will now be your payoff MINUS your mortgage insurance refund. This will make streamlines with zero cash out of pocket very difficult to attain. I highly reccomend starting the streamline process prior to 11/18. 2. Borrowers will have had to have made at least 6 payments prior to streamlining. If you purchased a home in the past 6 months and have a rate 5.5% or higher, call me today!
5. Work with a lender that you can trust. I am an expert in FHA mortgages.
Contact Josh Burley today to streamline your FHA mortgage
301.881.8900 x125
Work with a LOCAL mortgage lender that you can trust. Choice Finance has been serving the DC Metro area since 1996
Apply online now! @ www.choicefinance.net/apply
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.choicefinance.net
301.881.8900
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BJ Matson Montgomery County MD
Germantown,
MD
More about me…
Maryland First Time home buyer
Address: Rockville, Gaithersburg, Silver Spring, Bethesda, Clarksburg, Boyds, 20852 20853 20878 20879 20876 20871 20841 20855 20832 20906, Germantown, MD , 20874
Office Phone: (301) 540-2232
Cell Phone: (301) 257-1270
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