Hot Off the Presses!! CDA/More House For Less Rate Reduction! - 01/31/08 02:38 PM
This is great, great news! 
I've written a lot  about about CDA, but in the last couple of months, the program has not been as useful since their rates were higher than the market rate.
Today, CDA has caught up!  100% financing on one loan with 0 points is now 5.875% down from 6.75%!  You can get a 3% grant with a 6.25% interest rate!
This is FABULOUS NEWS!!!  It is not yet on the www.morehouse4less.com website, but expect it to be updated soon.
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How Much Difference Does 1% Make? - 01/21/08 01:19 PM
Rates are lowest they've been in 2 1/2 years and it's a buyer's market, meaning buyer's can get some great deals on properties that sellers NEED to sell.
So how much of a difference does 1% really make to the home buyer?  Let's take a closer look.
About this scenario: We're going to use an FHA 30 year fixed rate loan as an example, with a $200,000 purchase price.  We're also going to use easy, slightly rounded numbers for the sake of readability, and not consider taxes or insurance in the payments.   6 months ago the rate could be 7%, today you might be … (4 comments)

Grant Programs & Credit Optimizing Workshops for Realtors & Home Buyers - 01/10/08 09:36 AM
I am going to be doing a workshop on grant/loan programs for first time buyers, as well as optimizing your credit score throughout 2008.   The first workshop will be Saturday, February 2nd, 2008 at 11am, and should last about an hour and a half.
These workshops are geared for both home buyers and Realtors that want to get more information about federal, state, and local down payment assistance, closing cost grant and loan programs that are available in Maryland.  You can find out about the different types of programs, what you need to do to qualify, and I will also have a … (3 comments)

 

Patti Shawgo

Baltimore, MD

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Carrollton Bank

Cell Phone: (443) 802-6864

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