FHA

Changes in FHA Financing

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

mortgage insurance

Eliminate your PMI with an APPRAISAL!!!

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

rehab loan

Conventional Renovation/Rehab Loan

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..

Appraised Value

What is involved in appraisal?

What is involved in appraisal? Wondering what an appraiser does when it comes to your home appraisal? What do they look for? How do they determine the value of your home? Bottom line….it all depends on homes that have SETTLED … More About Appraisal..

Spring Into The Selling Season!

SPRING INTO THE SELLING SEASON! When is the best time to put your home on the market? Most agents would tell you that spring is the most advantageous season to list your home. As a parent, we all know it … read more

What is a 203k Loan?

What is a 203k Loan???? The FHA 203k renovation loan program provides funds for both the purchase and renovation of a home packaged into one mortgage loan.  Additional guidelines are set forth specific to 203k loans to provide for renovation … read more

Property Inspection Waiver

Fannie Mae Guidelines for the Appraiser

Fannie Mae Guidelines for the Appraiser The Federal National Mortgage Association (Fannie Mae) is a Government Sponsored Enterprises (GSEs), which means it is backed by the government but they are not part of the government. Fannie Mae does not directly offer mortgage loans … read more

Fannie MAE’s New Collateral Underwriter

By A Prominent Harford County Appraiser.. With more things being added to the Harford and Baltimore County appraiser workload now comes the arrival of Fannie Mae’s newest national risk management tool known as the “Collateral Underwriter”, also referred to as … read more

Appraiser in Maryland

Become an Appraiser in Maryland

How does someone become an Appraiser in Maryland? To become a real property appraiser, you will need to obtain education and experience, then pass a state-administered licensing or certification exam. One of the best ways to gain experience is to … read more

Reverse Mortgages

Reverse Mortgages

Reverse Mortgages A Reverse Mortgage is a special type of loan that enables individuals, aged 62 or older, to convert some of their home’s equity into tax-free cash. Unlike traditional equity loans, no repayment is required until the home is … read more

Baltimore harbor

FHA Appraisals

FHA Appraisals FHA appraisers perform many of the same functions as appraisers for conventional loans, but with a few extras. Since FHA loans are government-insured and designed to provide safe housing, there are specific things that FHA appraisals must examine … Read More..