maryland mortgage company: Value your broker and they will value you
- 12/10/09 08:14 AM
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)
maryland mortgage company: Today's mortgage rates 11/30/09 from 4.375% fixed!
- 11/30/09 02:08 AM
TODAY'S MORTGAGE RATES : MD, VA & DCUpdated 10:40 am 11/30/09All 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 (ARM) Rates from 3.25% call for details30 yr fixed rate mortgage below $417,0004.375% 1 point4.5% .5 points4.75% NO POINTS 4.875% … (0 comments)
maryland mortgage company: Mortgage rates headed into unchartered waters; this is very good!
- 11/30/09 12:03 AM
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 … (2 comments)
maryland mortgage company: Today's mortgage rates : Maryland, Virginia and Washington D.C.
- 11/19/09 02:41 AM
Great day to lock a rate! Call about NO COST refinances from 4.875% 30 yr fixed! TODAY'S MORTGAGE RATES : MD, VA & DCUpdated 10:30 am 11/19/09All 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 (ARM) Rates from 3.75% … (0 comments)
maryland mortgage company: How long does it take to close a mortgage refinance?
- 11/05/09 06:08 AM
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 … (1 comments)
maryland mortgage company: Today's mortgage rates Maryland, Virginia, Washington DC
- 10/29/09 03:29 AM
TODAY'S MORTGAGE RATES : Maryland, Virginia & Washington D.C.Updated 11:15 am 10/29/09All 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 (ARM) Rates from 3.5% CALL OR EMAIL FOR A QUOTE30 yr fixed rate mortgage below $417,0004.375% 2.625 points4.5% 2 … (0 comments)
maryland mortgage company: FHA streamlines: time is running out! MUST READ
- 10/27/09 03:20 AM
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 … (0 comments)
maryland mortgage company: NO COST FIXED 5%, Rates from 4.375% fixed or 3.5% 5/1 ARM. Maryland, Virginia, DC
- 10/05/09 02:59 AM
TODAY'S MORTGAGE RATES : MD, VA & DCUpdated 10:35 am 10/5/09All 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 (ARM) Rates5 yr FHA ARM from 3.5%5 yr Conforming ARM from 3.5%5 yr Jumbo ARM from 3.625%30 yr fixed rate … (0 comments)
maryland mortgage company: No Closing Cost Refinance Maryland, Virginia & DC
- 09/30/09 04:32 AM
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 … (0 comments)
maryland mortgage company: Updated Mortgage Rates : FHA mortgages, VA loans, Jumbo mortgage rate quotes
- 09/22/09 03:43 AM
Updated mortgage rates for Maryland, Virginia and Washington D.C. FHA JUMBO STREAMLINE SPECIAL 5/1 ARM 4.25% No Points or 4.5% NO COST! Contact Josh Burley today 301.881.8900 x125All 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) Rates5 … (0 comments)
maryland mortgage company: NOW is the time to streamline your FHA mortgage!
- 09/16/09 07:24 AM
We just experienced a huge mortgage rate rally! We have returned to levels unseen since May. Remember the ship that you missed? it just came back into port! Do not miss it again. This is a great time to take advantage of an FHA streamline refinance. What do you need to qualify? A CURRENT FHA mortgage with no 30 day late payments in the past 24 months A 620 credit score (go to www.choicefinance.net/apply to receive a FREE credit report) THAT IS IT! NO income required , NO appraisal require , NO Assets required. If you have an FHA loan, call me … (0 comments)
maryland mortgage company: Mortgage rates Maryland, Virginia, Washington DC 9/16
- 09/16/09 07:19 AM
Rates from 3.625%! Rates hedge a bit higher this morning as the stock market rallied. We are still at the lowest levels we have seen since May! Call Josh Burley 301.881.8900 x125 for more details. 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 … (0 comments)
maryland mortgage company: What have we learned this summer about interest rates? LOCK IN NOW!
- 08/17/09 04:01 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)
maryland mortgage company: How to get the JUNK out of your closing cost!
- 08/11/09 03:26 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)
Josh BurleySr. Loan OfficerChoice Finance Corp. www.joshburley.netwww.choicefinance.net301.881.8900 x125 Check me out on Facebook
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maryland mortgage company: Rates are falling and my rate is locked! What do I do?
- 06/26/09 06:50 AM
"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)
When shopping for a loan, you need to ask yourself what it is that you are shopping for. 
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