If you're considering buying a home or refinancing, there's never been a better time to look at your financing options. For a free, no-obligation consultation call me, Alan the President of Maryland Mortgage Center. Our team of friendly, skilled industry professionals will find the right product for you. Whether you are purchasing a home, consolidating debt, or need cash for home improvements, I will personally assist you.
We are a local company that for over 20 years, has helped thousands of Maryland homeowners save money with some of the lowest rates available in the market today. I can have your loan closed in as little as 3 weeks of initial application, so call me now at 410-653-2600 before these historic low rates are gone! The company asked international investors to swap $747 million of dollar debt for new bonds, blaming a shutdown of its usual financing channels for the cash crunch.
We are a local company that for over 20 years, has helped thousands of Maryland homeowners save money with some of the lowest rates available in the market today. I can have your loan closed in as little as 3 weeks of initial application, so call me now at 410-653-2600 before these historic low rates are gone! The company asked international investors to swap $747 million of dollar debt for new bonds, blaming a shutdown of its usual financing channels for the cash crunch.
Services
At Maryland Mortgage Center, Inc., we treat each customer as an individual, not a number.
We don't place you into a loan profile formula created by the banking industry.
We use "common sense" and will help you obtain the best loan possible.
We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
We work with more than 100 investors.
This allows us to get you the best rates on all types of loan programs including: 30yr mortgage, 20yr mortgage, 15yr mortgage, 10yr mortgage, 1yr ARMS, 3yr ARMS, 5yr ARMS, Conventional, Jumbo, Home Equity Lines, VA and Commercial.
We don't place you into a loan profile formula created by the banking industry.
We use "common sense" and will help you obtain the best loan possible.
We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
We work with more than 100 investors.
This allows us to get you the best rates on all types of loan programs including: 30yr mortgage, 20yr mortgage, 15yr mortgage, 10yr mortgage, 1yr ARMS, 3yr ARMS, 5yr ARMS, Conventional, Jumbo, Home Equity Lines, VA and Commercial.
If you're like most people, purchasing a home is probably one of the biggest investments you'll ever make in your lifetime.
If you're considering buying a home, you're likely aware of the complexity of the endeavor.
Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can.
At Maryland Mortgage Center, Inc., we are dedicated to finding the loan that fits your individual needs.
If you're considering buying a home, you're likely aware of the complexity of the endeavor.
Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can.
At Maryland Mortgage Center, Inc., we are dedicated to finding the loan that fits your individual needs.
To apply for a loan, you will have to provide the lender with detailed documentation of your financial history.
The lender will request a credit report from a credit agency and will verify the information provided in your loan application.
Evidence of any other assets such as bonds, stocks, or money saved in retirement programs i.e.
401k or 403b program.
W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment.
Homeowner's association information with contact information if property is a condo or part of a homeowner's association.
The lender will request a credit report from a credit agency and will verify the information provided in your loan application.
Evidence of any other assets such as bonds, stocks, or money saved in retirement programs i.e.
401k or 403b program.
W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment.
Homeowner's association information with contact information if property is a condo or part of a homeowner's association.
Refinancing is often used to lower your interest rate.
If rates have dropped since you last financed your home, you may want to consider refinancing.
Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out).
A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.
Another way to convert equity in your home to cash is a "home equity" loan.
If rates have dropped since you last financed your home, you may want to consider refinancing.
Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out).
A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.
Another way to convert equity in your home to cash is a "home equity" loan.
Cashing out refers to the refinancing of a loan where the borrowers will borrow money on their own home.
If a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into an 80% cash-out refinance transaction for a loan of $80,000 (80% of $100,000).
The new mortgage of $80,000 will pay off the $60,000 loan and leave $20,000 cash-out to the borrowers.
What are the benefits?
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses.
If a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into an 80% cash-out refinance transaction for a loan of $80,000 (80% of $100,000).
The new mortgage of $80,000 will pay off the $60,000 loan and leave $20,000 cash-out to the borrowers.
What are the benefits?
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses.
Reviews
Be the first to review Maryland Mortgage Center.
Write a Review
