Community Mortgage Group | Mortgage Equity Partners
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In the current interest rate environment, many lenders in the DC, Maryland, and Virginia areas are looking for ways to help make homeownership more affordable. A 2-1 buydown may just be the thing! It is a mortgage lending approach that provides for a lower mortgage payment during the first two years of the loan. In the …
Continue Reading about What you need to know about 2-1 buydown loans
It is a seller’s market, and first-time homebuyers are looking for tips and strategies to compete in the real estate market. Finding a home and presenting the winning offer is a full-time job. Home prices have hit record highs in Maryland, Virginia, and the DC area, just like many other parts of the country. In some …
Continue Reading about Learn the secrets of successful first-time homebuyers
First-time homebuyers have become increasingly frustrated as they try to enter the housing market. However, if first-time homebuyers compare home prices and rates to what previous generations paid, they may be shocked by what they learn. For example, decades ago, the average home price was a fraction of what it is …
Having a killer credit score will make getting a mortgage easier and help you get the best mortgage interest rate available. Your credit score is considered one of the most significant indicators used to determine your creditworthiness when applying for a mortgage. Therefore, it can only benefit you to raise your …
Since a home is the most significant financial investment, most people will make in their lives, knowing how much home you can afford upfront contributes greatly to your future success! If you know how much you can afford and have a budget for expenses both planned and unplanned, you will be well ahead of the …
Community Mortgage Group
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