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Towson Condo Owners have a new issue to grapple with. First there was the change in the laws for condo insurance converage. Now we have the new FHA condo guidelines that may affect many people who want to buy or sell a Towson condo! HUD announced this change in July, and the new guidelines were to take place [...]
Last week, Baltimore County went back to school. A long Labor Day weekend allowed for a feeling of lengthened summer, but today is the official day that we are back in full swing and the long days of summer are over. Since kids are back in school, that usually brings a boost to the Towson [...]
Exciting news for the Towson Homebuyer -- the 43% of the homes in the Baltimore real estate market are in the "affordable" range -- under $250,000, according to the Metropolitan Regional Information Systems, the multiple listing system in our area. Towson's percentage is lower, however a few neighborhoods that were more expensive before are now in that [...]
The Silicon Valley Bank collapse has many people worried, and some wonder if more collapse may happen, like Signature Bank, and Credit Suisse, how this may affect investing, real estate, mortgages, and other financial institutions. Please note: I am not a money professional and cannot give money, legal, tax or financial advice. Below, please find [...]
Baltimore County water and sewer rates have gone up. The higher rates went into effect July 1, 2018. The current county executive stated that the rates were rising 13.9% to invest money in aging infrastructure. He also announced that Baltimore County will provide credits to property owners whose homes are assessed to be $250,000 or [...]
Buying your first home - what to do in the year leading up to your first purchase comes from an article on realtor.com that talks about what to do a year before buying your first home. There are many things you can do to prepare, both the year before, and the months leading up to [...]
Why does my agent want me to get pre-approved before looking at homes? A website called "The Lighter Side of Real Estate" takes this on in a recent post naming six reasons. They are six very good reasons. Read on. In the post on the site, they liken shopping for a house without a mortgage pre-approval [...]
What is a DTI and is it important? By: Dan Murtaugh, Vice President, Sandy Spring Mortgage If you are interested in purchasing a home, your debt-to-income ratio (DTI) is an important number for you to know. Your DTI measures how much debt you have compared to your overall income, so the lower the number, the [...]
Many buyers when deciding to buy a home need to obtain a mortgage or finance their house. Trulia, a real estate website, came up with a five page guide that describes what a homebuyer needs and should know, and educates them on financing a home. Thank you, Trulia for this guide! Do you know what [...]
A question I often hear from buyers is, "Why do I need to talk to a lender?" There are a number of reasons, the first being that you can find out how much of a home you truly can afford -- based on monthly payments, not just the price of house. On paper, you may [...]