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Everything about living in Howard County
Maryland Mortgage Loans and Solutions – Gordon Haraway
Southern Trust Mortgage, specializing in helping home buyers realize the dream of home ownership. Purchase and Refinance home loans. Gordon Haraway is a Senior Loan Officer with Southern Trust Mortgage in Crofton MD (301) 938-1655
Treasury hopes new rules send short sales to the rescue of underwater mortgages
In a short sale, a homeowner sells the property for its current market value, which is less than what’s owed on the mortgage, and the lender agrees to accept the lower amount. The new rules that offer participating lenders cash incentives to get them to approve more short-sale deals also allow them only 10 days to approve or reject short-sale purchase offers, said Treasury spokeswoman Meg Reilly.
Teachers, Firemen, EMT or Police Officers can Save 50% on new home!
Are you a teacher, fireman, EMT or police officer looking to purchase a new home? If so, you can qualify for HUD’s Good Neighbor Next Door program and save 50% on the purchase of your home!. WHAT IS THE GOOD NEIGHBOR NEXT DOOR PROGRAM? • The Good Neighbor program is specially designed to help full-time … Continue reading Teachers, Firemen, EMT or Police Officers can Save 50% on new home!
Low Mortgage Rates, Catch Them While You Can
Low interest rates have been gracing the real estate market with their presence for the past year but the word on the street is that they won’t be here much longer. While mortgage rates aren’t going to skyrocket out of sight, it is doubtful that they will decrease and certain that they will steadily begin … Continue reading Low Mortgage Rates, Catch Them While You Can
FHA May Be Changing the Rules and trying to close down more fraudulent lenders.
The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency’s finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials. The changes also include raising minimum credit scores for borrowers who receive FHA-backed … Continue reading FHA May Be Changing the Rules and trying to close down more fraudulent lenders.
Be Aware That Freddie Mac Has Introduced New Fees And Has Increased Others
Since home prices have continued to fall, Freddie Mac has determined that they are at a heightened risk of many more mortgage defaults and claims. They report that there may be even more of a housing price decrease in 2009. In light of this news they have increased several fees and added new ones. One of their new fees is a 0.75% fee [...]




