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The VA loan is often the best possible loan because it offers lower costs than conventional financing.  And  regardless of down payment, there is no monthly mortgage insurance.  There are no lender fees on VA loans and realtors are disallowed from charging fees as well. Unless you are exempt, the VA does charge an upfront…

Points, origination points, and discount points are synonymous. Points are an upfront closing cost and are a charge based on your loan amount.  One point refers to a charge of one percent of the loan amount.  On a $400,000 loan amount one point is $4,000. Rates and points are connected to each other. The greater…

It can be difficult to time the sale and the purchase of your next home perfectly.   While it’s ideal to sell and buy on the same day, sometimes you won’t be able to sell your property before closing on your new home.  If you have significant equity in your home and need that equity…

Maryland Mortgage Program has numerous loan programs, and 1st Time Advantage is the most common Maryland Mortgage Program product we offer, because it comes with a down payment assistance loan of up to 5% of the loan amount.  This program is for first time buyers in Maryland and is available throughout the state.  1st Time…

  Many buyers and agents ask if it’s possible to purchase without an appraisal.  Or, if they can waive an appraisal contingency in their contract without increasing their risk. The appraisal waiver / value acceptance can help with that – and here’s how it works. Fannie Mae and Freddie Mac (government entities) require we upload…