Financing

Bettina M. Straight, ABR

Don't Let the Last Name Fool You!

You've probably heard that "the market has changed" and a great deal of that has to do with the mortgage industry. Gone are the days of "easy money" loans and borrowers have to make sure they are getting the best loan product for their situation. You want a monthly payment you can be comfortable with for years to come and whenever possible, you want to gain equity with every payment made. Working together, a good lender and I will help you make sense of closing costs, escrow accounts, and mortgage insurance policies.

Are you wondering what type of mortgage best fits your needs?

There are a number of things to consider:

1) Not all mortgage companies offer the same programs, rates, or incentives. Check with your personal bank or credit union, research on line, and ask friends and family. I can also provide you with a list of trusted lenders my clients have worked with in the past.

2) While on line lenders are popular, you may find yourself working with someone unfamiliar with the specifics of MD Real Estate Laws. If you like a particular company that you've found on line, find out if they have a local office you can work with, especially if the person on the phone is in a different time zone!

3) There are many incentives for buyers, you just have to ask. If you are a first time home buyer, fall within certain income guidelines, work for a company who participates in the "Live Near Your Work" program, buy a historical property, or attend home buyer education classes, you may be eligible for closing cost assistance and more! Mortgage Lenders can help you find the best program for you.