Housing Market Update – The Economic Calendar
February 15, 2011 by Monica McNamara · Leave a Comment
The Housing Market Update – The Economic Calendar Market Summary With Egypt dominating the news, some significant items of interest to the housing market might have escaped notice. Unfortunately, some of them were on the unpleasant side. Mortgage rates took an upward move across the board with the 30-year breaking the 5% barrier for the [...]
Top 10 Credit Don’ts During The Loan Process
September 23, 2010 by Monica McNamara · Leave a Comment
So many buyers are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home or condominium. However, the recent economic issues have created even tougher guidelines and credit requirements and there are some things that consumers must be aware of when applying for a loan. [...]
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 [...]
Do I Qualify For This Mortgage?
December 6, 2009 by Monica McNamara · Leave a Comment
Buyers, make sure you qualify for the mortgage loan you will be obtaining to purchase your home or condominium. The rules to qualify seem to be changing almost daily. When you apply for a mortgage, most (if not all) lenders will sell your loan to the secondary mortgage market (a/k/a Fannie Mae or Freddie Mac). [...]
Mortgage Rates Down 5th Week In Row
October 2, 2009 by Monica McNamara · Leave a Comment
Here are the National Rate survey Results (10/01/2009) 30 year Conventional Loan: 5.25% w/ average points 0.31 15 year Conventional Loan: 4.64% w/ average points 0.31 30 year FHA Loan: 5.24% w/ average points 0.09 5 year Adjustable Rate Mortgage: 4.69% w/ average points 0.31 Will rates rise or remain relatively unchanged? Industry experts give [...]
Homeowners Alert
August 18, 2009 by Monica McNamara · Leave a Comment
This blog was posted on Active Rain. It is a must read for homeowner’s that are facing a foreclosure or short sale situation. There are some very important legalities that your lender must be able to definitively prove. It is such a stressful time in a homeowner’s life to be losing their home. Please make [...]
What Should I Buy?
August 6, 2009 by Monica McNamara · Leave a Comment
When I work with a prospective purchaser of real estate, I always want to find the best possible match for you. Is it in the right price range? I always insist that a buyer be pre-qualified to determine their borrowing power. It helps me pick the right properties, and you to know where you stand [...]
