Sandy Creates Closing Delays & Slightly Lower Interest Rates

November 1, 2012 by Monica McNamara · Leave a Comment 

Important information post Hurricane Sandy for buyers and sellers of Coastal Properties. November 1, 2012. www.Bankrate.com The good news:  Mortgage rates snoozed this week as superstorm Sandy forced financial markets to shutter for two days and delayed loan closings nationwide. The bad news:  Sandy also put many refinancers and homebuyers across the country in a [...]

10 Things To Consider When Buying A Condo

September 5, 2010 by Monica McNamara · Leave a Comment 

1)   What exactly do the condo dues include? 2)   Is there adequate coverage on the master insurance policy? 3)   Does the condo association limit the size of, or prevent you from having pets? 4)   Are there any pending special assessments? 5)   Will you be able to obtain conventional financing? 6)   Are there any special policies [...]

Ocean City, Md Condo Financing Questions Discussed

January 6, 2010 by Monica McNamara · Leave a Comment 

I can not stress the importance enough of working with a lender that has a proven track record of processing and approving a condominium product loan. If they don’t, many loans have not been placed, because lenders take a loan that they can not compete. Paul Soule with Coldwell Banker Home Mortgage takes the time [...]

Sold and Active Listings for Ocean City (Worcester County) October 2009

October 23, 2009 by Monica McNamara · Leave a Comment 

New Rules Give Buyers More Protection At Closing

July 24, 2009 by Monica McNamara · Leave a Comment 

There are new Federal consumer protection rules that take effect July 30, 2009 affecting those applying for a loan to purchase a primary or secondary home, or if you are refinancing. It’s not been given a lot of publicity, so if you are considering making a purchase and getting a new loan, or possibly refinancing [...]