RECENT BLOG POSTS
The State of Maryland grant program (CDA) increase its rates as of 5PM Friday. The 3% grant went up to 7.50% for the 30 year program. The others went up accordingly as well. The rate increases also came across in the FHA/VA and Conventional rates as well. Customers were shocked to hear of the...
10/12/2008
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1st TIME BUYER SEMINAR - Pre-registration is starting NOW for a free seminar to be held at 1st Preference Mortgage Corporation, 9423 Belair Road, Perry Hall, MD 21236 on Thursday, OCTOBER 16, 2008 at 6:30PM. Attendees MUST get prequalified to reserve a seat. Seating is limited so please email o...
10/08/2008
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We welcome you to tune into the "Underwriter's Corner". Our company has a weekly radio show on 680WCBM AM Talk Radio every Tuesday evening at 6:10PM till 7:00PM. There's a link on our website, www.1stpref.com for your convenience. The host talks about different loan programs, upcoming changes ...
10/07/2008
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As of October 1, 2008 FHA has increased their mortgage insurance premiums! For purchases AND full-credit qualifying refinances the new upfront financed insurance premium is 1.75%, and the new monthly premium is: Loan Greater than 15 years Loan Less than o...
10/06/2008
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Many buyers wait for spring and tax return dollars to purchase a home. If you plan on using the FHA program you'd better get ready to have the downpayment to increase from 2.25% to 3.5%. This change goes into effect as of January 1, 2009. This could be a significant figure and might delay your...
10/05/2008