Posts by Alexander Jaffe

This program is eligible for loans closing up until 6/20/25 and thereafter it will be closed.   Our Community grant is paired with a conventional 30-year fixed mortgage, and is a $3,000-$5,000 grant depending on eligibility and income.  It’s available in MD, DC and VA. This grant may be used towards a down payment or…

Our new investor+ loan product expands access to financing for investors.  The key criteria and benefits are:   Available for both individuals and LLCs! Up to $1.5 Million loan amounts 20%+ down for 1-unit properties, or 25%+ down for 2-4 unit properties Starting at 660+ credit scores   This program is a conventional 30-year fixed…

Prepaying will cut down on life of loan interest and pay off your loan more quickly. That’s because interest is charged each month based on your outstanding balance.  And so by paying your balance down early, you’re making subsequent monthly payments allocate more to principal and less to interest.  Prepaying does not lower your monthly…

Expect an escrow analysis once per year, mailed to you. Please be sure to read it to understand how your mortgage payment is changing. The escrow analysis looks back at property tax and insurance costs incurred over the last year.  It’ll recalculate what should be your monthly payment to your escrow based on that.  Escrow…