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Whether you are refinancing, purchasing, building your very first home, or buying investment properties or vacation homes, our staff of qualified professionals will work with you to secure the financing that best suits your goals.

As your on-going advisor, we will also keep you abreast of interest rates and make refinancing recommendations in addition to providing you with excellent service.

Our proactive approach to mortgages has saved our clients hundreds of dollars each month, and resulted in very high client retention.

In a difficult economic time, many Baltimore mortgage companies and Maryland mortgage brokers have gone out of business. Our partners, however, continues to thrive - which we credit to our core values.

Interesting Mortgage related articles

Know Your Credit Score Before Refinancing Mortgages

In the age of fiscal prudence, many are reconsidering their life habits and shoring up all the loose ends in their financial life. As people begin to ponder their expenditures, many are taking a look at options such as refinancing their mortgages, which will allow them to free up some extra cash. This move can either be a rewarding one, or a costly one, depending on your situation.

If you are someone who is thinking of refinancing your mortgage, be sure that you know the full extent of your financial situation. One important move you can make is to get a hold of a copy of your credit score. This score will prove to play a vital role in your quest to gain more information about refinancing. It may very well be that your credit score will be the determining factor in your success or failure with this endeavor. Let’s take a look at why.

For those of you who don’t know the basics of a credit score - it works like this. Information about your past bill payments and loan payments are gathered into one place. A complex mathematical equation takes this information, plus other facts such as how much of your credit you are actually using, and other factors and generates a numerical value based on all of that. This number in turn tells lenders whether or not you are a risky loan, or someone who will most likely repay what you owe.

If you’re looking to refinance, your credit score will play a valuable role in determining first, whether or not you are eligible to receive a loan at this time, and secondly, how much lower of an interest rate you’ll get. The higher your credit score, the better your chances of getting a lower interest loan.Source

Reverse Mortgage Madness - Red Flags to Watch For

Red Flag #1. Complicated paperwork may have unforeseen consequences. If you don’t understand the document, you won’t understand the consequences. Take the time to get proper guidance, second opinions, and a review of appropriate alternatives.

Red Flag #2. High cost of a reverse mortgage may outweigh the benefits of alternatives. As in any loan, there are going to be associated fees and costs. These should be clearly spelled out up front. Utilize your accountant, lawyer, trusted financial advisor to review any loan application before signing it.

Red Flag #3. Uncertain benefits. The strange thing about reverse mortgages is that you cannot calculate the true cost of this loan because it depends on how long you are going to live. But, if you want to pass anything to your heirs, it’s worth considering the alternatives. There is no way to predict the home appreciation and future interest rates so consider the reverse mortgage carefully. Yes, payments come to you tax free but the debt on that asset is going up. This may be fine as long as you live and as long as you live there. Again, just know your options.

Red Flag #4. Tight-lipped lenders. Lenders who don’t fully disclose fees and terms are a big problem. As we’ve just seen in the sub-prime lending mess, many consumers didn’t understand what they were getting into.
Some sleaze-ball lenders have gone so far as to work themselves into the deal to gain a large percentage of the property’s appreciation. Ask your lender if they are attempting to gain any percentage of the appreciation as part of their profit. Read More

Pros and Cons of Home Equity Loans

Home equity loan is one among the most popular home loans available today. It is a second mortgage loan with characteristic properties of a secured loan. The popularity of the home equity loan has attracted many people to home equity loan. In general, equity loans does not have arise much complaints from the people. However as any other coin, home equity loan also have two sides. Hence, the detailed analysis of the loan is essential to differentiate the features of the home equity loan. The cross analysis of the pros and cons of the home equity loan helps to avoid stepping in to the home loans with false expectations.

The pros of the home equity loans include the advantages that a borrower can enjoy from the home equity loan. The benefits of the home equity loan usually outweigh other secured and unsecured loans since it is a risk free loan for the lender. The home equity loan provides maximum amount, in proportionate to the value of the equity. For good houses situated in the real estate booming locations, home equity loan lenders used to provide high appraisal of even 125%. In most cases at least 80% appraisal is always provided. The attractive interest rate is another advantage of the home equity loans. Usually the interest rate of the home equity loan is selected in fixed rates.

Among the pros of the home equity loan, the most pronounced benefit is the tax deduction. Read more

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