ShareThis
Archive for First-Time Home Buyers
Free Home Buyer Seminar With Harbel Housing Partnership!
On Monday April 28,2008, I will be conducting a home buyer seminar for Harbel Housing Partnership at the Perry Hall library starting at 6:00pm. Harbel Housing Partnership is a nonprofit housing counseling agency that specialize in helping first-time home buyers. To register for one of their seminars call 410-444-9152.
Free Home Buyer Seminar At Johnnycake Elementary School!
I will be conducting a free home buyer seminar at Johnnycake Elementary School on Tuesday April 22, 2008, at 7:00pm along with Faraji Mason of Wells Fargo Home Mortgage. We will be bringing everyone up to date on the current real estate market. If you would like to attend please contact me for more information.
10 Ways to Prepare for Homeownership
Most first time home buyers don’t know what to do or how to prepare to buy their first home. Here is a list of 10 ways to get started. 1. Decide what you can afford.- Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop [...]
Carbon Monoxide Alarms Mandatory For New Constructions!
Effective January 1, 2008, all newly constructed dwellings including a one or two family dwelling, multifamily dwelling, hotel, motel, or dormitory must have Carbon Monoxide Alarms. I believe this is a major step in the right direction. Unfortunately, so many people do not take carbon monoxide serious. Below is so good information on carbon monoxide [...]
What Are The MMP+2% and MMP+3% Programs?
The MMP+ 2% program is a premium priced first mortgage program that offers a first mortgage (at a slightly higher interest rate) that provides borrowers with a 2% closing cost assistance grant. The grant is repayable in full upon sale, transfer, or refinance within the first four years from date of closing; it is completely [...]
What Is DSELP?
DSELP stands for the Downpayment Settlement Expense Loan Program. The program helps eligible borrowers who are purchasing a home with a purchase price of $200,000 or less by funding a portion of their downpayment and closing costs. Individuals or families who are approved to purchase a home using a Maryland Mortgage Program first mortgage loan [...]
What Is CDA?
I have received emails from prospective buyers asking me what is CDA? CDA stands for the Community Development Administration. CDA offers three standard downpayment and closing cost assistance products for any borrower who is eligible for a Maryland Mortgage Program loan. Borrowers can choose to receive a closing cost assistance grant from either the MMP+ [...]
Baltimore County’s New Mortgage Assistance Loan Program (MALP) Up to $35,000
The pilot program is an effort to encourage first time homebuyers to consider homeownership in existing residential communities in Baltimore County. The program is administered by nonprofit groups and is available in designated communities. Home Buyer’s Workshops and homeownership counseling are offered to potential homeowners. Mortgage Assistance loans up to $35,000 are available to families [...]
Maryland’s Education System Ranks Among Nation’s Best!
I received the following information from Nancy S. Grasmick the State Superintendent of Schools for the Maryland State Department of Education. Ms. Grasmick stated the following. “Education Week, the nation’s leading education newspaper, recently published its 2008 “Quality Counts” report- the Consumer Reports of education. For the first time in the 12-year history of this [...]
Buyers: Days On Market Not Always a Red Flag
Several years ago, a home listed for sale developed a stigma if it didn’t sell within a month or two. Today, many sellers have homes listed that have been on the market for six months or longer. In fact, it’s so commonplace for it to take a significant time to sell a house that it [...]
