Buying a home in Baltimore

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? [...]

Buying Your First Home – What to Do in the Year Leading Up to Your Purchase

February 1st, 2017

Buying your first home - what to do in the year leading up to your first purchase comes from an article on realtor.com that talks about what to do a year before buying your first home. There are many things you can do to prepare, both the year before, and the months leading up to [...]

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 [...]

Are You a Smart Homebuyer?

July 6th, 2013

Are you a smart homebuyer? Kiplinger created a quiz for homebuyers asking them questions to help determine how smart of a homebuyer they may be. Now, of course, it is not an intelligence test, but a test of what knowledge a homebuyer has going into the homebuying process. There are some very intuitive questions, I [...]

Hampden Named Forbes’ 15th Best American Hipster Neighborhood

September 25th, 2012

Hampden was named Forbes' 15th Best American Hipster Neighborhood in their review of 250 neighborhoods in major cities across the country. Forbes has a number of lists and rankings of cities, and this is the first for the "hipster neighborhood" series. A hispter, as defined by Merriam-Webster, and used by Forbes for their rankings, is [...]

Financing A Baltimore House

July 26th, 2012

Many buyers when deciding to buy a home need to obtain a mortgage or finance their house. Trulia, a real estate website, came up with a five page guide that describes what a homebuyer needs and should know, and educates them on financing a home. Thank you, Trulia for this guide! Do you know what [...]

This Month in Real Estate February 2012

February 6th, 2012

This Month in Real Estate for February 2012 has been released! Home sales in January were on pace to have 4.6 million homes sell in 2012, up from the pace of 4.4 million in December. The median home sale price was at $165,000, up $1,000 over January 2012 This Month in Real Estate. The average [...]