BAP site syndication http://www.homestoprice.com Tue, 07 Feb 2012 08:54:39 +0100 FeedCreator 1.7.2 http://www.homestoprice.com/images/M_images/ http://www.homestoprice.com BAP site syndication http://www.homestoprice.com/buyer-info/this-is-a-test.html This is a test If you’d like to speak with an experienced Frederick Maryland real estate (http://www.homestoprice.com) agent who has your best interest in mind, please contact me with any of your real estate or mortgage questions toll Free, 24/7, at 1-800-395-9636 x7 or E-mail me at bill@homes2price.com.FREE OFFER: use the form below to ask your question and you will receive my Free E-mail Series of Real Estate Articles: Blog - Buyer Info Mon, 07 Mar 2011 15:32:54 +0100 http://www.homestoprice.com/buyer-info/this-is-a-test.html http://www.homestoprice.com/buyer-info/making-sure-your-home-inspector-is-doing-his-job-to-the-fullest.html Dig Through the Trash In a typical home inspection, septic systems are not usually included. However, you should note that the system is a major cost component of a home and should therefore be inspected prior to purchase. These inspections are made not just to ensure that you are making a good purchase on your home, but for the protection of the environment. All Them Bugs Getting a termite inspection is essential if you are buying a single or multi-family home, a townhouse, or a lower level garden style apartment. The eastern subterranean termite can do major damage to the structure of a home and can go undetected for years. When you do hire a home inspector to check your home, be sure that you also make him do pest inspections. Many home inspectors offer these as well in addition to the standard home inspection. There is a lot of free information available to you about buying, selling or investing in real estate (http://www.homestoprice.com). For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 301-514-7963 or email me at bill@Homes2Price.com (mailto:bill@Homes2Price.com). For a FREE List of Fredrick Foreclosures, Fill Out the Form Below! Blog - Buyer Info Mon, 07 Mar 2011 14:48:31 +0100 http://www.homestoprice.com/buyer-info/making-sure-your-home-inspector-is-doing-his-job-to-the-fullest.html http://www.homestoprice.com/buyer-info/wells-fargo-community-development-mortgage-program.html The Wells Fargo Community Development Mortgage Program can help you reach the dream of owning a home. Here are the mortgage loan guidelines to this special loan program can open the door to home ownership. Various down payment sources accepted Cash reserve requirements None for Community Development Mortgage Program, CDMP Two months for Neighborhood Community Development Mortgage Program, NCDMP No Private Mortgage Insurance (PMI) required Seller contributions are allowed up to 3% Article submitted by Vickie Weldon, Loan Officer with Wells Fargo Home Mortgage If you’d like to speak with an experienced Frederick Maryland real estate (http://www.homestoprice.com) agent who has your best interest in mind, please contact me with any of your real estate or mortgage questions toll Free, 24/7, at 1-800-395-9636 x7 or E-mail me at bill@homes2price.com. FREE OFFER: use the form below to ask your question and you will receive my Free E-mail Series of Real Estate Articles: *First Name *Last Name *E-mail *Phone Price Range -- Select Price Range -- $0.00 to $40,000 $40,000 to $59,999 $60,000 to $79,999 $80,000 to $99,999 $100,000 to $129,999 $130,000 to $169,999 $170,000 to $199,999 $200,000 to $299,999 $300,000 to $399,999 $400,000 to $599,999 $600,000 to $799,999 $800,000 to $999,999 $1,000,000+ *Time Frame -- Please select -- ASAP In 3 Months In 6 Months In 12 Months In 12+ months Question / Comments Please wait... table.my_form { width:450px; font-size:12px; margin:0px auto; text-align:left; } table.my_form fieldset { } table.my_form fieldset legend { font-weight:bold; font-size:14px; padding-bottom:5px; font-style:italic; } table.my_form td.my_caption { font-weight:bold; width:120px; font-size:12px; text-align:left; } table.my_form h1 { } table.my_form .inputbox { width:200px; } table.my_form select.inputbox { width:auto; } table.my_form textarea.inputbox { width:300px; height:100px; } .my_form_buttons { padding-top:15px; } Blog - Buyer Info Mon, 07 Mar 2011 13:54:55 +0100 http://www.homestoprice.com/buyer-info/wells-fargo-community-development-mortgage-program.html http://www.homestoprice.com/buyer-info/key-questions-to-ask-yourself-and-lenders-when-shopping-for-a-mortgage-for-frederick-maryland-real-estate.html Key Questions to Ask Yourself and Lenders When Shopping for a Mortgage in Frederick Maryland! Are you are wondering which kind of mortgage is best. Ø Traditional Fixed Rate Mortgage? Ø Graduated-Payment Mortgage? Ø Adjustable Rate Mortgage? Ø FHA Mortgage? Ø Two-Step Mortgage? The answer: There is no one correct answer. Deciding which type of mortgage will best fulfill your needs can be difficult. There are so many types of loans and different term lengths in Frederick Maryland. Your choice is extremely important and can take some time and effort to research. While it is often neglected by home-buyers when looking in Frederick Maryland, a little research before choosing your mortgage can save you thousands of dollars in the long run. There are several elements of a loan that should be analyzed. While one of these elements may suggest one type of loan, another may call for a different type. You must weigh each ingredient separately and collectively. You will find that your answers to the questions below will ultimately determine the type of mortgage in Frederick Maryland that best fit your needs. How long do you plan to stay in your Frederick Maryland home? Five years? Ten years? Thirty years? The length of time you will be in the home will certainly play a part in determining which loan to apply for. If you only plan to be in the home for 5–7 years or less, you should seriously consider an adjustable rate loan. If you intend on staying 20–30 years, a fixed rate mortgage may be right for you. How much risk are you willing to accept? If you are the type of buyer that needs to know exactly what you will be paying each month for the term of the mortgage, a fixed rate mortgage will fulfill this need. The fixed rate loan, however, will also net a higher interest rate. If you are willing to take some risk of fluctuations in the interest rate, you may receive a lower interest rate. What are your income expectations and plans for the future? Do you anticipate a gradual or dramatic increase in your income in the next few years? If you expect a big increase, a graduated payment mortgage may be best for you. How much cash do you have available for up-front costs? If you have the resources, you may want to make a larger down payment to lower your monthly payment. By keeping a higher monthly payment however, you might be able to shorten the term of the loan to a 15-year loan in order to pay it off quicker. Keep in mind that you’ll have closing costs and fees to pay in addition to your down payment. If you don’t have much cash saved for your up-front costs, don’t despair. You may be forced to accept a higher monthly payment or could even lower your monthly obligation by choosing an adjustable rate mortgage. In addition to choosing a type of loan, you must also consider which lender to use. Once again, several factors of a loan will influence your decision. Annual Percentage Rate (APR ) -This most likely is the best way to make an apples-to-apples comparison of lenders. The APR reflects the cost of credit on a yearly rate and includes any points and fees in addition to the interest rate. Interest Rate-Find out the rate the lender will commit and how long the lender will guarantee it. Get any commitments in writing. As with any transaction, if it isn’t in writing it doesn’t exist. Points and fees - These factors will vary greatly. Look out for hidden fees. Make sure the lenders disclose all fees; ask what they charge and what is included and what is not. Loan Approval - Both approval and funding time should be considered. You don’t want to lose a prospective home because your lender takes weeks to fund your loan. A lender should be able to fund the loan within ten days. If you’d like to speak with an experienced Frederick Maryland real estate (http://www.homestoprice.com) agent who has your best interest in mind, please contact me with any of your real estate or mortgage questions toll Free, 24/7, at 1-800-395-9636 x7 or E-mail me at bill@homes2price.com. FREE OFFER: use the form below to ask your question and you will receive my Free E-mail Series of Real Estate Articles: *First Name *Last Name *E-mail *Phone Price Range -- Select Price Range -- $0.00 to $40,000 $40,000 to $59,999 $60,000 to $79,999 $80,000 to $99,999 $100,000 to $129,999 $130,000 to $169,999 $170,000 to $199,999 $200,000 to $299,999 $300,000 to $399,999 $400,000 to $599,999 $600,000 to $799,999 $800,000 to $999,999 $1,000,000+ *Time Frame -- Please select -- ASAP In 3 Months In 6 Months In 12 Months In 12+ months Question / Comments Please wait... table.my_form { width:450px; font-size:12px; margin:0px auto; text-align:left; } table.my_form fieldset { } table.my_form fieldset legend { font-weight:bold; font-size:14px; padding-bottom:5px; font-style:italic; } table.my_form td.my_caption { font-weight:bold; width:120px; font-size:12px; text-align:left; } table.my_form h1 { } table.my_form .inputbox { width:200px; } table.my_form select.inputbox { width:auto; } table.my_form textarea.inputbox { width:300px; height:100px; } .my_form_buttons { padding-top:15px; } Blog - Buyer Info Fri, 04 Mar 2011 21:30:11 +0100 http://www.homestoprice.com/buyer-info/key-questions-to-ask-yourself-and-lenders-when-shopping-for-a-mortgage-for-frederick-maryland-real-estate.html http://www.homestoprice.com/twenty-terms-you-must-know-and-understand-before-you-sign-off-on-your-mortgage-in-the-real-estate-market-.html Buying a home in is a major achievement in most everyone’s life. Pride of ownership, tax breaks and equity are just a few of the many benefits you’ll enjoy with your new home. Your home purchase may also be one of the largest you will ever make. During the emotional excitement of buying your home, you may encounter terms with which you are unfamiliar. For some, it can be bit embarrassing to ask what they consider too many questions. Others may make a note of their questions but simply forget to revisit those points. To ensure that you have complete confidence during your home loan process, invest a moment to read this report and become familiar with the concepts and terms you’ll encounter when applying for a mortgage in . Knowledge is power, and the more you know, the more successful your decisions will be and the more soundly you will sleep at night having made them. Adjustable Rate Mortgage (ARM) Also referred to as a Variable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Annual Percentage Rate (APR) An interest rate that reflects the cost of a mortgage as a yearly rate. This rate takes into account any points and fees and is based on the loan going to it’s full-term. Assumption An agreement between buyer and seller in which the buyer assumes responsibility for the seller’s existing mortgage. This agreement usually saves the buyer money because closing costs and the current interest rate, possibly higher, do not apply. Buy-down A method of lowering the buyer’s monthly payment for a short period of time. The lender or home-builder subsidizes the mortgage by lowering the interest rate for the first few years of a loan. Caps A limit in the amount the interest rate or monthly payments for an adjustable rate mortgage that may change. Closing Also referred to as settlement. The meeting at the conclusion of a real estate sale in which the property and funds are exchanged between the two parties involved. Debt-to-Income Ratio The ratio, expressed as a percentage, which results from dividing a borrower’s monthly payment obligation on long-term debts by the borrower’s gross monthly income. Discount Points Prepaid interest assessed at closing by the lender. A point is equal to 1 percent of the loan amount. Down Payment Cash paid by the buyer at closing that makes up the difference between purchase price and the mortgage amount. Earnest Money Money given by a buyer to a seller as a deposit to commit the buyer to the future transaction. Earnest money is subtracted from closing costs. Equity The value an owner has in real estate over and above the obligation against the property. Equity is fair market value minus the current indebtedness. Escrow Funds given to a third party which will be held to cover payments such as tax or insurance payments and earnest money deposits. Fixed Rate Mortgage A mortgage in which the interest rate remains constant throughout the life of the loan. Loan-to-Value Ratio The ratio between the amount of the mortgage loan and the appraised value of the property. Market Value The price that a property could possibly bring in the marketplace. Mortgage Insurance Insurance that protects lenders against loss if a borrower defaults. This is required when the loan-to-value ratio is greater than 80 percent. Origination Fee A fee charged by a lender for processing a loan application; usually computed as a percentage of the loan. PITI Refers to Principal, Interest, Taxes, and Insurance. Underwriting The decision-making process of granting a loan to a potential home-buyer. Variable Rate Mortgage Also referred to as Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate. If you’d like to speak with an experienced Frederick Maryland real estate agent (http://www.homestoprice.com) who has your best interest in mind, please contact me with any of your real estate or mortgage questions toll Free, 24/7, at 1-800-395-9636 x7 or E-mail me at bill@homes2price.com. FREE OFFER: use the form below to ask your question and you will receive my Free E-mail Series of Real Estate Articles: *First Name *Last Name *E-mail *Phone Price Range -- Select Price Range -- $0.00 to $40,000 $40,000 to $59,999 $60,000 to $79,999 $80,000 to $99,999 $100,000 to $129,999 $130,000 to $169,999 $170,000 to $199,999 $200,000 to $299,999 $300,000 to $399,999 $400,000 to $599,999 $600,000 to $799,999 $800,000 to $999,999 $1,000,000+ *Time Frame -- Please select -- ASAP In 3 Months In 6 Months In 12 Months In 12+ months Question / Comments Please wait... table.my_form { width:450px; font-size:12px; margin:0px auto; text-align:left; } table.my_form fieldset { } table.my_form fieldset legend { font-weight:bold; font-size:14px; padding-bottom:5px; font-style:italic; } table.my_form td.my_caption { font-weight:bold; width:120px; font-size:12px; text-align:left; } table.my_form h1 { } table.my_form .inputbox { width:200px; } table.my_form select.inputbox { width:auto; } table.my_form textarea.inputbox { width:300px; height:100px; } .my_form_buttons { padding-top:15px; } Blog - Buyer Info Thu, 03 Mar 2011 20:57:47 +0100 http://www.homestoprice.com/twenty-terms-you-must-know-and-understand-before-you-sign-off-on-your-mortgage-in-the-real-estate-market-.html