If you’re thinking about declaring bankruptcy, but you have enough money for a down payment now or can lay your hands on it now, then be cautious. However, if you’re thinking about declaring bankruptcy because you’re flat broke, and you’re looking for a ray of hope, then the news is better. First, the warning. If [...]
Coming up with a down payment on any house has traditionally been one of the biggest obstacles to buying a new home, and your new house in Maryland is no exception, especially if your income is fixed or not especially high end. However, savvy buyers can take advantage of programs designed to cure the down [...]
If you are buying a home you have plenty of research to do. But most mortgage information reads and sounds like military code: ARM, APR, PMI. It’s hard to tell if you’re buying a house or intercepting submarine messages. Below are some common mortgage words and their meaning: Adjustable-rate mortgage (ARM) — A home loan [...]
There are many different types of loans available. Bridge Loan. Most people need the equity in their current home to purchase a new one. But what if you sell first and don’t have anywhere to go? A bridge loan is a temporary loan that you obtain from your lender until the permanent one can be put [...]
What to do before buying a new home is a common topic and very important, but what many people don’t think of is what not to do before buying a home. Make no major purchases. Avoid buying a car, or major appliances or purchases of any kind that will add debt. This can also include [...]
