Waterfront homes, flood zones, flood plains, lowlands….when do you need flood insurance and when are you required to get flood insurance? Flood insurance is specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers … read more
We have all watched the programs on HGTV to see the transformation of an old space revamped, renovated or remodeled into a new modern space that reflects the current housing trends that yield the highest payoff or return. Awe struck … Read More..
What does Fannie Mae have in store for 2016? Fannie Mae is a billion dollar entity that does not directly offer mortgage loans but instead buy the mortgages from banks, credit unions, and other financial institutions so that they, in … read more
Maryland Appraising Appraising real estate in Maryland involves properties of all facets. Properties in Maryland range from waterfront, working farms, mountainside retreats, vacant lots, condominiums, townhomes and single family homes to name a few. Each county offers its’ own spectrum … read more
Appraising properties in real estate is tricky business for real estate appraisers. The vast value range, emerging markets, government housing and rehabilitation projects are just a few things a Baltimore City appraiser encounters when navigating the proper choice of comparable … Read More..
As the largest generation in U.S. history, Millennials are going to have a profound impact on the residential real estate market. Their preferences and demands will effect housing design and development. They will be the largest source of new demand … read more
The year 2015 has been a year of mystery and mixed reviews. Will prices continue to inch upward, will rates continue to remain at historic lows and what kind of impact will the “millenials” (people reaching young adulthood around the year … read more
In the United States the average size of new single family homes grew from 1,780 square feet in 1978 to 2,479 square feet in 2007, and to 2,662 square feet in 2013, despite a decrease in the size of the … read more
Are you debating whether to finance your new home purchase or refinance your current mortgage with a conventional loan of a FHA loan? Before deciding, there have been some changes with the FHA loan program. On September 15, 2015, the Federal … read more
Does your monthly mortgage payment include a PMI charge? Private mortgage insurance (PMI) protects the lender in the event that you default on your mortgage payments and your house isn’t worth enough to entirely repay the lender through a foreclosure … read more
A prior article noted the characteristics of the FHA 203K but there is also a renovation loan with conventional financing known as Fannie Mae Homestyle Renovation. This is a conventional or non-FHA insured loan for both home buyers and home … Read More..