Beware of Deceptive Mortgage Advertising Another Mortgage Minute with Dan Murtagh! Thank you, Dan! "With all of the regulation in the mortgage industry these days I am fascinated at some of the deceptive advertising that I still hear on the radio and on the internet. If you are shopping for a mortgage and you see a [...]
Considering an ARM? Why you should or shouldn’t consider an ARM (Adjustable Rate Mortgage.) Adjustable rate mortgages (ARMs) are perfect for some borrowers because ARMs provide a low interest rate for an initial payment period, making the initial monthly payments less than those a fixed-rate mortgage usually offers. Adjustable rate mortgages acquired a bad reputation [...]
FHA loans can be a good loan program for many buyers; however it is not the only low down payment option. Conventional 5% down financing is available, and in most cases, the mortgage insurance is much less than FHA -- in some cases it may be 50% less! So while FHA may offer a lower [...]
I am pleased to introduce Dan Murtaugh, of Sandy Spring Bank, who will be writing Mortgage Minutes for us on a regular basis. Dan has been in mortgage banking for over 17 years, and is known for his professionalism and advice. He is a graduate of St. Mary's College of Maryland, with a degree in Economics. [...]
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 [...]
This Month in Real Estate for February 2012 has been released! Home sales in January were on pace to have 4.6 million homes sell in 2012, up from the pace of 4.4 million in December. The median home sale price was at $165,000, up $1,000 over January 2012 This Month in Real Estate. The average [...]