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Question: I read that a 1% increase in mortgage rate is equivalent to a 20% increase...
The American Visionary Art Museum (AVAM) is an art museum located in the Federal...
The Walters Art Museum, located in Baltimore, Maryland’s Mount Vernon neighborhood,...
A great feature of this website is the automatic home search. You can set this up...
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This is a search of the newest land properties for sale in Maryland. If you are...
This is a search of the newest 50 homes to the market in Baltimore’s Canton....
William Fell, a Quaker, settled and built his first storehouse some time before...
In the 1890s Edward H. Bouton and the Roland Park Company developed a residential...
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Most people can’t pay cash for a home, even if it is a discounted foreclosure property. That means you need a loan. But, banks don’t want to lend on a home that is not livable. So does that mean you can’t buy distressed properties? Are the deals off limits? The Federal Housing Administration (FHA) has a loan program just for this... [Read more of this]
It is a simple question with a difficult answer. How low will the bank accept for a short sale offer? As with most things, it depends. First of all, the seller of the property is the owner, not the bank. The seller must accept the offer before the bank will even see it? But, since the seller walks away from the closing without any money going to him,... [Read more of this]
When property values were rising, local governments were loving the new higher property tax assessments that went along with that. Existing homeowners were protected from quickly rising tax bills by the Maryland Homestead Tax Credit. But, new homeowners aren’t immediately protected by the Homestead Tax Credit. Still, at least they know in advance... [Read more of this]
Rent vs Buy : You are building equity. A 30 year mortgage means at the end of 30 years you have paid off the loan. The house is all yours. If you had a fixed rate mortgage, then that was 30 years without a rent increase. If you were renting, then you paid off your landlords mortgage, and your rents went up year after year. Value Appreciation : In... [Read more of this]
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