Dan Murtaugh mortgages

What Factors Can Affect My Mortgage Interest Rate?

January 30th, 2015

What factors can affect my mortgage interest rate? Did you know if you called to get a mortgage, and your best friend called the same day, you could potentially get two different mortgage rates? How could this happen? Why? The Consumer Financial Protection Bureau's website, http://www.consumerfinance.gov/, which is a government-run website, put together a list of [...]

What is a DTI and Is It Important?

January 22nd, 2015

What is a DTI and is it important? By: Dan Murtaugh, Vice President, Sandy Spring Mortgage If you are interested in purchasing a home, your debt-to-income ratio (DTI) is an important number for you to know. Your DTI measures how much debt you have compared to your overall income, so the lower the number, the [...]

Beware of Deceptive Mortgage Advertising

September 11th, 2014

Beware of Deceptive Mortgage Advertising Another Mortgage Minute with Dan Murtagh! Thank you, Dan! "With all of the regulation in the mortgage industry these days I am fascinated at some of the deceptive advertising that I still hear on the radio and on the internet. If you are shopping for a mortgage and you see a [...]

Considering an ARM Loan?

July 2nd, 2014

Considering an ARM? Why you should or shouldn’t consider an ARM (Adjustable Rate Mortgage.) Adjustable rate mortgages (ARMs) are perfect for some borrowers because ARMs provide a low interest rate for an initial payment period, making the initial monthly payments less than those a fixed-rate mortgage usually offers. Adjustable rate mortgages acquired a bad reputation [...]

Why You Should or Shouldn’t Consider FHA

May 29th, 2014

FHA loans can be a good loan program for many buyers; however it is not the only low down payment option. Conventional 5% down financing is available, and in most cases, the mortgage insurance is much less than FHA -- in some cases it may be 50% less! So while FHA may offer a lower [...]

Introducing Dan Murtaugh’s Mortgage Minutes

May 21st, 2014

I am pleased to introduce Dan Murtaugh, of Sandy Spring Bank, who will be writing Mortgage Minutes for us on a regular basis. Dan has been in mortgage banking for over 17 years, and is known for his professionalism and advice. He is a graduate of St. Mary's College of Maryland, with a degree in Economics. [...]

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