Maryland, Virginia, Washington D.C. real estate agent

You would not consult a stripper if you had the flu, do not consult a realtor about your mortgage

Montgomery County MD real estate agent, Rockville Realtor — Thu, 03 Dec 2009 10:13:11 -0600

Via Joshua Burley (Choice Finance Corp. ):

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? I post rates online daily at www.joshburley.net , you know you will always be quoted the best rate from me. I have to. If I do not you can check my website and call me out.

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

Apply online now! @ www.choicefinance.net/apply

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Mortgage rates headed into unchartered waters; this is very good!

Montgomery County MD real estate agent, Rockville Realtor — Mon, 30 Nov 2009 15:55:19 -0600

Via Joshua Burley (Choice Finance Corp. ):

Mortgage rates expected to hit all time lows today!

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.

Please check www.joshburley.net around 11:30 am daily for updates mortgage rates

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

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Kenwood Forest townhomes for sale | Chevy Chase MD 20815

Montgomery County MD real estate agent, Rockville Realtor — Mon, 16 Nov 2009 17:10:18 -0600

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

4.875%, 4.750%, lower available on FHA, Jumbo, Conforming fixed rates TODAY

Montgomery County MD real estate agent, Rockville Realtor — Tue, 10 Nov 2009 10:10:08 -0600

9 lender Rate Chart Maryland, Virginia

Fixed mortgage rates below 5.000%, including fha and jumbo money.

Maryland loan officer job

No Closing Cost Refinance Rates Maryland, Virginia, D.C

Montgomery County MD real estate agent, Rockville Realtor — Mon, 09 Nov 2009 16:35:51 -0600

Via Joshua Burley (Choice Finance Corp. ):

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

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

How long does it take to close a mortgage refinance?

Montgomery County MD real estate agent, Rockville Realtor — Thu, 05 Nov 2009 16:57:11 -0600

Via Joshua Burley (Choice Finance Corp. ):

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 unlicensed doctor in Tijuana for heart surgery, do not go to 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 2^nd 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.joshburley.netand 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

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

What you need to know to streamline your FHA loan

Montgomery County MD real estate agent, Rockville Realtor — Thu, 05 Nov 2009 16:56:31 -0600

Via Joshua Burley (Choice Finance Corp. ):

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. I post my rates daily @ www.joshburley.net and I never have hidden fees.

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

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Discharges of debt, override of rule good through 2012

Montgomery County MD real estate agent, Rockville Realtor — Thu, 05 Nov 2009 11:16:50 -0600

Still good: Relief from tax hit on discharges of debt.
A temporary provision aimed at making sure that people who lose their homes do not also take a tax hit in the process has a while to go.

When a lender discharges debt, such as when a home is sold and the proceeds are not enough to cover the loan balance, that amount had been treated as taxable income.

Flex your mortgage payment

Montgomery County MD real estate agent, Rockville Realtor — Mon, 02 Nov 2009 15:48:32 -0600

Perennial opportunity: Flex your mortgage payment

Your mortgage payment for January 2010 actually reflects interest accrued for December 2009. So if you make the payment in December, the interest will be deductible for this year.

Interest is deducted in the year that the mortgage servicer records the check, so send your January 2010 payment early enough to see that it is recorded before the end of the year if you want to receive the deduction for 2009. This is a tool you can use every year to choose where to move a sizeable deduction. © 2009, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc.

Maryland mortgage rates today

FHA streamlines: time is running out! MUST READ

Montgomery County MD real estate agent, Rockville Realtor — Tue, 27 Oct 2009 10:54:15 -0500

Via Joshua Burley (Choice Finance Corp. ):

As I mentioned in a prior post, the guidelines for FHA streamline refinances without an appraisal are going to drastically change on 11/18/09. If you currently have and FHA mortgage in Maryland, Virginia or Washington D.C., please call me today for a free streamline mortgage estimate.

Why the rush?

1. On November 18th, the maximum loan amount for FHA streamlines will change. As of today, you can obtain a loan amount equal to your old loan amount. This typically allows you to roll most or all closing cost into your new loan. The result is a NO COST streamline.

If your FHA case number is assigned on or after 11/18, your maximum loan amount will be your current balance MINUS your applicable upfront MI refund. The result of this change will be that you will likely have to come out of pocket with several thousand dollars to streamline your FHA loan without an appraisal.

2. Another significant change will be that you must have made 6 payments on your existing mortgage to be eligible for an FHA streamline. Did you purchase in July with a rate of 5.5%? Want a rate at or below 5%? You better act NOW! You will not be eligible for a streamline until February of 2010! Who know what FHA interest rates will look like in 2010? That is right around the time when most pundits predict that we will see significant rate increases!

Why should you contact me for your FHA streamline mortgage?

I am an FHA mortgage expert. Over the past 3 years I have funded HUNDREDS of FHA loans, both as a direct lender for companies owned by Goldman Sachs and Barclays bank, but also as a Loan Officer for Choice Finance in Rockville, MD. Choice Finance is a LOCAL mortgage broker with in house Fannie Mae underwriting. Do not work with a large internet company that does not care about you. Work with a local broker that relies on your referral! That is how you will get the best rate and service for your mortgage transaction.

Choice Finance offers FHA loans, VA mortgages, Fannie Mae/Freddie Mac home loans, Jumbo mortgages, Home equity, Fannie Mae refi plus, President Obama's making home affordable mortgage program and dozens of other mortgage products. Contact Josh Burley today to discuss your loan.

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Today's FHA streamline mortgage rates ; Maryland, Virginia, DC

Montgomery County MD real estate agent, Rockville Realtor — Thu, 22 Oct 2009 16:28:46 -0500

Via Joshua Burley (Choice Finance Corp. ):

Visit www.joshburley.net for daily mortgage rate updates

Today's FHA streamline rates

30 yr fixed $417,000 and below 5% zero points

30 yr fixed FHA jumdo streamline 5.25% zero points

5/1 FHA ARM 4.25% zero points

IMPORTANT NOTE: FHA streamline refinance guidelines will change on November 18th 2009. FHA streamlines will become much more difficult to close with NO OUT OF POCKET expense. Do not wait another day to streamline your FHA mortgage. Contact Josh Burley NOW!

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Bethesda, Chevy Chase walk to Friendship Heights METRO | condos for sale

Montgomery County MD real estate agent, Rockville Realtor — Tue, 06 Oct 2009 17:54:24 -0500

4 condos for sale within walking distance of Friendship Heights METRO (.33 miles) as of 10/06/09:
(Under $800,000 sales price in Montgomery County, Maryland)

MC7114751 $347,500 4515 WILLARD AVE #1601S

MC7155955 $749,900 4515 WILLARD AVE #1009S

MC7157085 $285,000 4515 WILLARD AVE #2406

MC7173605 $375,000 4515 WILLARD AVE #2121S

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT BETHESDA HOMES FOR SALE:
Bethesda condos | Bethesda townhomes | Bethesda houses

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Bethesda METRO listings

Condos in walking distance to Bethesda METRO | Montgomery County MD

Montgomery County MD real estate agent, Rockville Realtor — Tue, 06 Oct 2009 17:39:45 -0500

8 condos for sale within walking distance of Bethesda METRO (.25 miles) as of 10/06/09:
(Under $600,000 sales price)

MC7108551 $489,900 4808 MOORLAND LN #607

MC7118622 $469,950 4808 MOORLAND LN #804

MC7126676 $459,900 7500 WOODMONT AVE #S702

MC7131470 $399,900 7500 WOODMONT AVE #S1105

MC7154156 $325,000 7500 WOODMONT AVE #808

MC7153088 $379,900 7500 WOODMONT AVE #S1013

MC7159859 $564,900 7500 WOODMONT AVE #S401

MC7159948 $559,900 7500 WOODMONT AVE #S607

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT BETHESDA HOMES FOR SALE:
Bethesda condos | Bethesda townhomes | Bethesda houses

Attention: All FHA homeowners, FHA streamline refinance guidelines are changing.

Montgomery County MD real estate agent, Rockville Realtor — Tue, 06 Oct 2009 09:44:00 -0500

Via Joshua Burley (Choice Finance Corp. ):

If you currently have an FHA loan, please read the following.

On September 18^th 2009, HUD issued new guidelines for FHA streamline refinances. While I agree with the spirit of the new guidelines, the result will be that FHA streamline refinances without appraisals will be more costly. The new guideline will apply to all transaction with an FHA case number issued on or after 11/18/2009.

Why will the new guidelines make an FHA streamline more expensive?

Under the new FHA streamline guidelines, the maximum loan amount will be your outstanding principal balance MINUS your upfront mortgage insurance premium refund. Under the old guidelines, your maximum loan amount was typically equal to your old loan amount. This is a huge change.

Example: You owe $300,000 and you have a $3,000 UFMIP refund- your maximum loan amount will be $297,000. Clearly, this is not even enough to payoff your existing first mortgage. The result will be that you will either have to take a HIGHER interest rate to allow your mortgage broker to pay closing cost, or you will need to come out of pocket with a significant amount of cash.

So what do you do?

Streamline your FHA loan NOW! Rates are currently at all time lows. 4.5% fixed rates are available today with about 1 point upfront. ARM's are as low as 3.5%!

While I am not happy about the loan amount restrictions, it could not have come at a better time. You still have time to streamline your loan with the lowest interest rates that we have ever seen. Do not wait any longer! Rates are low, guidelines are changing, call me NOW!

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

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

Check me out on Facebook

Flower Valley homes for sale | Rockville, Maryland Montgomery County

Montgomery County MD real estate agent, Rockville Realtor — Thu, 01 Oct 2009 16:36:02 -0500

CLICK HERE FOR ALL ACTIVE FLOWER VALLEY HOUSES FOR SALE

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2 active FLOWER VALLEY listings as of 10/01/09:

MC7156128 $574,000 4416 FLOWER VALLEY DR

MC7158342 $625,000 15001 BITTERROOT WAY

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT ROCKVILLE HOMES FOR SALE:
Rockville condos | Rockville townhomes | Rockville houses

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Shady Grove metro

Condos in walking distance to Shady Grove METRO | Montgomery County red line

Montgomery County MD real estate agent, Rockville Realtor — Thu, 01 Oct 2009 16:18:42 -0500

10 condos for sale within walking distance (half mile) of Shady Grove METRO as of 10/01/09:

MC6969269 $524,990 327 KING FARM BLVD #404

MC7159621 $439,000 327 KING FARM BLVD #107

MC7159620 $429,900 804 GRAND CHAMPION DR #10-403

MC7161043 $429,000 305 REDLAND BLVD #102

MC7015852 $379,000 403 KING FARM BLVD #101

MC7098103 $360,000 802 GRAND CHAMPION DR #11-205

MC7053515 $349,000 1002 ELMCROFT BLVD #102

MC7122039 $340,000 303 REDLAND BLVD #303

MC7111237 $339,900 101 WATKINS POND BLVD #404

MC6950611 $329,950 100 WATKINS POND BLVD #2-304

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT ROCKVILLE HOMES FOR SALE:
Rockville condos | Rockville townhomes | Rockville houses

Condos in walking distance to White Flint METRO | Rockville, Maryland

Montgomery County MD real estate agent, Rockville Realtor — Wed, 30 Sep 2009 18:41:41 -0500

15 condos for sale within walking distance (.25 miles) of White Flint METRO as of 9/30/09:

MC6753610 $534,995 11750 OLD GEORGETOWN RD #2515

MC6754438 $404,995 11750 OLD GEORGETOWN RD #2230

MC6989152 $499,000 11700 OLD GEORGETOWN RD #704

MC7004022 $749,328 11710 OLD GEORGETOWN RD #1517

MC7105262 $419,000 11710 OLD GEORGETOWN RD #408 E

MC7122517 $189,394 11710 OLD GEORGETOWN RD #303

MC7126574 $465,000 11710 OLD GEORGETOWN RD #1129W

MC7130040 $475,000 11700 OLD GEORGETOWN RD #905

MC7136615 $434,500 11710 OLD GEORGETOWN RD #923

MC7140684 $399,000 11710 OLD GEORGETOWN RD #412

MC7146068 $310,000 11710 OLD GEORGETOWN RD #310

MC7158653 $399,000 11750 OLD GEORGETOWN RD #2430

MC7161176 $325,000 11710 OLD GEORGETOWN RD #620

MC7164641 $395,000 11710 OLD GEORGETOWN RD #120

MC7167048 $875,000 11710 OLD GEORGETOWN RD #1602

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT ROCKVILLE HOMES FOR SALE:
Rockville condos | Rockville townhomes | Rockville houses

Rockville METRO condos

Condos in walking distance to Rockville METRO station

Montgomery County MD real estate agent, Rockville Realtor — Wed, 30 Sep 2009 18:17:23 -0500

14 condos for sale within walking distance of Rockville METRO (1 mile) as of 9/30/09:

MC7169593 $599,900 38 MARYLAND AVE #509

MC7141769 $574,900 38 MARYLAND AVE #209

MC7165584 $379,900 38 MARYLAND AVE #402

MC7162358 $369,000 38 MARYLAND AVE #302

MC7137543 $329,000 501 HUNGERFORD DR #301

MC7153044 $299,900 118 MONROE ST #705

MC7135865 $275,000 501 HUNGERFORD DR #222

MC7048286 $233,000 118 MONROE ST #1204

MC7156733 $217,900 4 MONROE ST #306

MC7086404 $209,900 4 MONROE ST #1303

MC6998260 $174,900 118 MONROE ST #1001

MC7084357 $173,000 4 MONROE ST #1301

MC7130747 $164,900 118 MONROE ST #601

MC7140744 $159,900 118 MONROE ST #301

ACTIVE LISTINGS -- BELOW LINKS WILL PULL ALL CURRENT ROCKVILLE HOMES FOR SALE:
Rockville condos | Rockville townhomes | Rockville houses

Gables of Tuckerman -- The Sterling -- Midtown -- White Flint metro condos

update your listings, avoid MRIS violations

Montgomery County MD real estate agent, Rockville Realtor — Wed, 30 Sep 2009 17:43:21 -0500

VIOLATIONS:
- NOT updating the property status once there is a ratified contract pending 3rd party approval

- NOT updating the property status after the contingency expiration date has expired

- NOT updating the property status once the seller is no longer accepting offers or allowing showings

DON'T:
- Make references in the public remarks section to: agents, brokers, showing instructions, commissions, and settlement companies

- Display other brokers' listings on sites like craigslist,..

WHAT OTHERS CAN YOU ADD THAT YOU FREQUENTLY SEE?

Maryland streamline rates | MD FHA refinance

Montgomery County MD real estate agent, Rockville Realtor — Wed, 30 Sep 2009 13:12:45 -0500

Today's rates for refinance or purchase in Maryland:

30 year fixed
4.875%- 0 points, 1 point for 60 day lock
4.625% available for a little over 1 point, get approval first
FHA fixed
5.000%- no points, 1.25 points will get you 60 day lock and 4.875%
4.750%- 1 point
FHA JUMBO fixed
4.875%- 1 point, 5.000% 0 points
VA fixed
5.000%- no points, 4.875%- 1 point
VA JUMBO fixed
4.875%- 1 point, 5.000%- NO POINTS

Take advantage of this window of opportunity, especially if you are floating your rate right now. LOCK IN TODAY.
For more details on exact fees, and different scenarios for your specific situation.. Contact Choice Finance Corporation. Located in Rockville, Maryland and have been around for over 13 years.

Great article on the NO CLOSING COST refinance option

Choice Finance
301-881-8900
888-475-0700
Rates are updated daily here http://www.choicefinance.net/mortgage-rate.htm

No Closing Cost Refinance Maryland, Virginia & DC

Montgomery County MD real estate agent, Rockville Realtor — Wed, 30 Sep 2009 12:45:17 -0500

Via Joshua Burley (Choice Finance Corp. ):

No Closing Cost refinances are back!

Back in April I wrote a blog about No Closing cost mortgages actually being more costly than a zero point or 1 point mortgage. This was due to the small spread between rates. As the market has become healthier over the past 5 months, spreads have widened. This has made NO CLOSING COST refinances an attractive option once again. Let's take a look based on today's mortgage rates.

I am going to assume good credit, a $300,000 loan and 70% loan to value and $2800 in closing cost:

NO POINTS 4.875% = $1587 monthly principle and interest payment

NO CLOSING COSTS REFINANCE 5.125% = $1633 monthly principle and interest payment

To figure out which option is better for you, you must calculate the time it would take to recover the cost at the lower interest rate. The difference in payments is $46 per month. Take the cost and divide by the savings to calculate how many months it will take to recover your cost

2800/46 = 60

It would take 60 months to incur enough savings at the lower interest rate to offset the cost. In this scenario, I would recommend the NO COST refinance option.

I use the following as a general rule of thumb when deciding when to pay cost and when not to:

If you will recover your cost in :

36 months or less : PAY CLOSING COST

48-59 months : This is a judgment call, If you are going to be in your home for longer than 5 years, you may want to pay the cost. If you anticipate being in your home less than 5 years, accept the no closing cost refinance option

Greater than 60 months: I recommend a NO CLOSING COST refinance

Keep in mind that every loan is different. Every one of my clients has individual needs. I take the time to go over every option to help you make the decision that is right for you.

If you fall into the group that believes that they will sell of refinance within the next 5 years, you should give 5/1 ARM's a good long look. Today it is possible to obtain a 5/1 ARM as low as 3.5%. That is not a typo. You can even obtain a no cost 5/1 ARM around 4.5%.

While shopping for your loan, I cannot stress more to seek out a full time mortgage professional that is interested in helping you and not just selling you. You can check rates daily at www.joshburley.net . Contact me today for a no obligation mortgage analysis. I offer No closing cost refinances in Maryland, Virginia and Washington DC

For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .

Want to make sure you are getting the best interest rate? compare my interest rates to Quicken Loans, Bank of America, Wells Fargo, SunTrust, ditech, Citimortgage, Navy Federal Credit Union . You will see that my rates are 2nd to none. Work with a LOCAL MORTGAGE LENDER that is committed to giving you the best rate & service!

Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125

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