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$400 Million housing bond issued to support affordable housing for Maryland first-time homebuyers The Maryland Department of Revenue announced that the Maryland Department of Housing and Community Development issued the most significant mortgage revenue bond in the agency’s history. The $400 million bond from the …
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Are you considering buying a home but feeling overwhelmed by the process? There's a lot to take in, from finding the right real estate agent to learning about mortgages. Understanding mortgage interest rates is one of the most critical steps when purchasing your new home. Knowing what influences mortgage interest …
Tips for buying a home with student loan debt Buying a house with student loan debt in Maryland, Virginia and DC can be difficult, but it's not impossible. Understanding the potential impact of student loan debt on your financial health and ability to qualify for a mortgage is essential. Student loan debt can …
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When is a regular mortgage not enough? When the loan amount to purchase a property exceeds the conforming loan limit of $726,200*. Find out the limits by county in this interactive map. To understand a Jumbo loan, you must understand two other terms: conforming and non-conforming loans. Conforming loans adhere to …
Mortgage rates change a lot. They can move up or down throughout the day. They can be subject to many things, from the Federal Reserve (The Fed) announcing a rate increase to events occurring in the US or worldwide. You may have a conversation with your loan officer today only to learn that the rate you discussed has …
Get off the sidelines and look for your new house! Homebuyers are on the fence today about whether to enter the market or stay put. First-time homebuyers who are still renting hope rates and prices will come down. Now that we are entering the spring homebuying season and none of those things have happened, lenders …
Continue Reading about CMG’s Rate Protection Program is a win-win for Maryland borrowers!
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