Buying a home in Baltimore

State of Maryland Housing 2024 from National Association of REALTORS

February 28th, 2024

The State of Maryland Housing 2024 report is from a survey run by the National Association of REALTORS(R) and the local Maryland REALTORS(R) branch. The interviews were run from January 9-16, 2024. Key findings from the State of Maryland Housing 2024 report: 82% of those surveyed feel that the cost to buy a house or [...]

Eight Things Your Home Inspector Can’t Tell You

June 9th, 2023

Eight things your home inspector can't tell you comes from a post from HouseLogic, a site from the National Association of REALTORS. Thank you, HouseLogic, for your post! Here is their list, changed with my adjustments, thoughts and personalized details. They won't tell you if they would buy the house. They really aren't allowed to, [...]

What Credit Score Do I Need to Buy a House?

September 3rd, 2020

What credit score do I need to buy a house? Nerdwallet posted a very in-depth article last year that I found very useful and wanted to share. Please note that the guidelines for each credit score are from 2019. It is possible there could be new loan programs that came out after this post, so [...]

How Does the Interest Rate Affect My Homebuying Power?

March 27th, 2018

How does the interest rate on a mortgage affect my homebuying power? First, you should understand that the higher your mortgage amount, the more the rate could affect your homebuying ability. In an article by smartasset (TM), it notes that a 0.5% rise in interest rates can raise your monthly payment by $28 per $100,000 [...]

Mortgage Applications Up As Interest Rates Rise

January 26th, 2018

Mortgage applications are up both from last week and last year at this same time. There were 4.5% more mortgage applications submitted last week than the week before, and 6.1% higher than the same time last year. This is the highest level of new purchase mortgage applications since April 2010. CNBC has a great article [...]

Cost of Renting vs Owning a Home in Maryland 2017

August 28th, 2017

The cost of renting vs owning a home in Maryland in 2017 may come as a surprise to many. The analysis was done by MSN Money for every state across the US. They found that the cost of renting in Maryland, on average, was about $1,753 per month. The average cost of a monthly mortgage? [...]

Is It Cheaper to Rent or Buy in Baltimore?

March 19th, 2014

Is it cheaper to rent or buy in Baltimore? The company and website, Trulia, came up with an interactive map that tells you, across the country, whether it is cheaper, in general, to rent or buy in this current market. The map & calculator can take into account the current approximate interest rate, your income [...]

Home Buying Mistakes to Avoid

November 5th, 2013

Home Buying Mistakes to Avoid. Forbes shared the top seven home-buying mistakes you should avoid, and they are good items to know and not to do. This is an informative article! 1) Don't buy a house if you are planning to move soon. If you may be moving in a few years, and you aren't [...]

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