Maryland Mortgage Mama's Blog

2016 GOAL SETTING SERIES-MEASURING SUCCESS When I became a loan officer I determined that my goal was to provide value beyond rates, and mortgage information.  I am happy to provide all of that you need, but this 2016 GOAL Setting Series will be focused on helping you to make more money,  and eve...

Should I use an FHA Loan When I Buy A Home? It may make sense to use an FHA loan when you buy a home, it really depends on your situation and your goals.What is FHA?Federal Housing Administration (FHA) Administered by the U.S. Department of Housing and Urban Development (HUD), the Federal Housing...

WOW!!! CHECK OUT THIS BALTIMORE CITY (Not Just for) FIRST TIME BUYER GRANTS! GRAND SLAM BALTIMORE! The newest incentive for Baltimore City Home Buyers-Not Just For FIRST TIME BUYERs!  ACT FAST, LIMITED FUNDS, SHOULD HAVE HOMEBUYER EDUCATION IN PLACE TO QUALIFY.From the MMP directive:We are please...

Timeshare Default -Shows as a Foreclosure! A borrower recently contacted me about purchasing a home in Maryland.   After discussing her needs, I reviewed her credit. She has a timeshare owned jointly with her ex that he has not made payments on it since about 4 months after they purchased it (alm...

Where Do I Apply For A Passport In Maryland? My husband and I have been talking about getting passports for years.  Since he was in the military, he never needed one, mine expired many years ago and since we haven't gone outside of the U.S., we kept putting it off. I finally said "Enough! We need...

I Inherited A Home, Now I Want To Buy.  Am I a First Time Buyer?If you own a property (even if it is inherited) AND it is your primary residence, you are not considered a first time home buyer.  If you own the property but do not live there, you may still be considered a first timer.   If you cho...

First Time Buyers in Maryland and the Mortgage Credit Certificate What is the Mortgage Credit Certificate (MCC), also called the Maryland Home Credit?  It is a FEDERAL housing program geared to first time home buyers that allows for a federal tax credit on 25% of the mortgage interest paid EACH y...

 HARP Extended One Year to 2016 Per Freddie Mac and Fannie Mae announcements, the implementation of the Home Affordable Refinance Program® (HARP) will be extended through December 31, 2016. The program had been set to expire on December 31, 2015.  As of December 2014 there were still more than 60...

This is sure not a CLONE-onial!  Check out this fabulous 4 bedroom Contemporary home with 4 Bedrooms (one bedroom on the main floor), 2 full and 2 half baths!  It's on over an acre of flat land in a lovely area of just North of Baltimore.  It's such a scenic property with a deck that spans the ba...

Do I Need To Pay For A Copy Of My Deed? New Home Owner's Beware!You have just purchased a new home.  There was so much paperwork and so much information, you barely remembered your name by the time it was over. After signing so many pages, your signature sure didn't look like it normally did. The...