Maryland Mortgage Loans

Why Today's Foreclosure Numbers Are Nothing Like 2008 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years. As the government’s moratorium came to an end, there was an expec

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. http://dlvr.it/Sn5Y1c

ICYMI: What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transactio

#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers The Power of Pre-Approval: If you’re buying a home this spring, today’s housing market can feel like a challenge. http://dlvr.it/SmzYQT http://dlvr.it/SmzYbj

If you’re buying a home this spring, today’s housing market can feel like a challenge. http://dlvr.it/SmzYQ8

What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is fi

ICYMI: #ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Why You May Want an Energy-Efficient Home [INFOGRAPHIC]: * Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. * Energy prices have increased over the last year, so look for energy-efficient features in your home search. http://dlvr.it/SmrSvM http://dlvr.it/Smv7tT

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California, home of nearly 25 percent of home loans, is doing some interesting things, utility-wise. Last year came AB 205 which instructs the state’s utility commission to base the residential fixed charge on a customer’s household income level, with lower income households paying less than higher income households for grid and other costs. PG&E, along with Southern California Edison and San Diego Gas & Electric, have submitted a joint plan to levy an income-based fixed rate model, with higher-income residents paying higher rates while lower-income households would pay less. I mention this because, at the national level in mortgage banking, borrowers see headlines like, “Biden rule will redistribute high-risk loan costs to homeowners with good credit.” Regardless of one’s political affiliation, a new housing report by the National Association of Realtors® reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68 percent in the last 10 yea

ICYMI: It’s official – most real estate agents believe staging your house will help it sell. Why? Because staging lets a buyer picture the house as theirs. DM me to talk about selling your house today. www.DanFreshley.com http://dlvr.it/Smrr7y

ICYMI: #ForBuyers What’s the Difference Between a Home Inspection and an Appraisal?: If you're planning to buy a home, an inspection is an important step in the process. http://dlvr.it/SmnRqB http://dlvr.it/SmrV9K

#ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Why You May Want an Energy-Efficient Home [INFOGRAPHIC]: * Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. * Energy prices have increased over the last year, so look for energy-efficient features in your home search. http://dlvr.it/SmrSvM http://dlvr.it/SmrTgw

Merry 420, which coincidentally was the yield on the 2-year Treasury note early today. Data and lawsuits about data… What’s in your wallet? Or maybe I should say, “Who’s in your wallet?” A Consumer Financial Protection Bureau (CFPB) employee (sent) confidential consumer data on roughly 256,000 people to their personal email account in what the agency described as a “major incident.” The data, which the CFPB says the former employee had authorized access to, included personally identifiable information, such as names and transaction-specific account numbers, of consumers of seven institutions.” As industry vet Brian B. asks, “Didn’t Richard Cordray assure us that personal information isn’t handled by the CFPB?” Speaking of big data, Big Brother, and privacy, if you’re a Facebook member, there’s a class action lawsuit entitling people to a “piece of the pie.” (If you just want the claim form web page, here ya go.) Today’s podcast can be found here and is sponsored by Candor. Candor’s pat

It’s official – most real estate agents believe staging your house will help it sell. Why? Because staging lets a buyer picture the house as theirs. DM me to talk about selling your house today. www.DanFreshley.com http://dlvr.it/Smnr6V

It’s official – most real estate agents believe staging your house will help it sell. Why? Because staging lets a buyer picture the house as theirs. DM me to talk about selling your house today. www.DanFreshley.com http://dlvr.it/SmnqWg

#ForBuyers What’s the Difference Between a Home Inspection and an Appraisal?: If you're planning to buy a home, an inspection is an important step in the process. http://dlvr.it/SmnRqB http://dlvr.it/SmnSdt

If you're planning to buy a home, an inspection is an important step in the process. http://dlvr.it/SmnRlw

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. http://dlvr.it/SmkM7r

As the housing market continues to change, you may be wondering where it’ll go from here. http://dlvr.it/SmcGlw

Homeownership is a great investment across all income levels. In fact, it’s by far the largest source of wealth for most homeowners. If you’re interested in improving your financial stability and building equity by owning a home, reach out to me today. #homeownership #investinyourfuture www.DanFreshley.com http://dlvr.it/SmXBqM

Want To Sell Your House This Spring? Price It Right. Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains: “Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.” In today’s market, how you price your house will not only make a big difference to your bottom line, but to how quickly your house will sell. Your asking price sends a message to potential buyers, especially today. If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home. If it’s priced too hi

#ForSellers #HousingMarketUpdates #SellingMyths Want To Sell Your House This Spring? Price It Right.: Over the last year, the housing market’s gone through significant change. http://dlvr.it/SmQLsX http://dlvr.it/SmQMv2

Over the last year, the housing market’s gone through significant change.  http://dlvr.it/SmQLsk

ICYMI: Home prices don’t always fall during a recession. In fact, more often than not, they rise. If you’re worried about the impact a recession could have on the housing market, reach out to me today for expert insights. #expertanswers #homepriceappreciation www.DanFreshley.com http://dlvr.it/SmB8fL

Thinking about buying a home soon? If so, you need to understand the expenses that go into it, including closing costs. DM me to learn more about what’s involved in the homebuying process. #firsttimehomebuyer #househunting www.DanFreshley.com http://dlvr.it/SmB0FF

ICYMI: #ForBuyers #Infographics #Pricing #FirstTimeHomeBuyers The Key Advantage of Investing in a Home [INFOGRAPHIC]: * Buying a home is a major way to build wealth and gain financial stability. * That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity. http://dlvr.it/Sm7JKv http://dlvr.it/Sm9m17

Home prices don’t always fall during a recession. In fact, more often than not, they rise. If you’re worried about the impact a recession could have on the housing market, reach out to me today for expert insights. #expertanswers #homepriceappreciation www.DanFreshley.com http://dlvr.it/Sm7thp

Rates can be 0 percent, but if there are no homes to buy, lender and real estate agent activity will grind to a halt. I realize that this is an extreme example, but you get the point, and headline bait like, “Home Sales Plummet” should be viewed skeptically. That said, in my travels, I am continuing to hear about a lack of inventory at lower/first-time home buyer price points. And out of the MBA’s Bob Broeksmit came, “One hurdle for many prospective buyers this spring continues to be low supply, especially for new listings at the lower end of the market.” And the various generations continue to compete for homes, with multiple bids being reported by agents in many places: Baby Boomer versus Millennial cage fight. Turning from the primary markets to the secondary markets, investors continue to sit on the sidelines of the $11 trillion mortgage-backed securities market as they await BlackRock helping the Federal Deposit Insurance Corp. liquidate the roughly $100 billion MBS portfolio it a

#ForBuyers #Infographics #Pricing #FirstTimeHomeBuyers The Key Advantage of Investing in a Home [INFOGRAPHIC]: * Buying a home is a major way to build wealth and gain financial stability. * That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity. http://dlvr.it/Sm7JKv http://dlvr.it/Sm7KG1

* Buying a home is a major way to build wealth and gain financial stability. * That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity. http://dlvr.it/Sm7JMF

#ForBuyers #ForSellers #HousingMarketUpdates Why Aren’t Home Prices Crashing?: There have been a lot of shifts in the housing market recently. http://dlvr.it/Sm1tR2 http://dlvr.it/Sm1trb

There have been a lot of shifts in the housing market recently. http://dlvr.it/Sm1tS5

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. http://dlvr.it/SlvyCC

ICYMI: #ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Facts About Closing Costs [INFOGRAPHIC]: * If you’re thinking about buying a home, be sure to plan for closing costs. * Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more. http://dlvr.it/Slmp9C http://dlvr.it/SlqVrr