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Q: How is it calculated that a 1% increase in mortgage rate is equivalent to a 20% increase in the price of a home? Q: How is it calculated that a 1% increase in mortgage rate is equivalent to a 20% increase in the price of a home?

Question: I read that a 1% increase in mortgage rate is equivalent to a 20% increase... 

American Visionary Art Museum is part of Free Fall Baltimore Event American Visionary Art Museum is part of Free Fall Baltimore Event

The American Visionary Art Museum (AVAM) is an art museum located in the Federal... 

The Walters Art Museum is part of Free Fall Baltimore Event The Walters Art Museum is part of Free Fall Baltimore Event

The Walters Art Museum, located in Baltimore, Maryland’s Mount Vernon neighborhood,... 

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Featured Posts

URGENT  Please help me save our family, friends, and neighbors some money. URGENT Please help me save our family, friends, and neighbors some money.

In 2007 a new law went into effect that required that we FILE a one time simple APPLICATION in order to get the credit. Up to now, the deadline kept getting extended because so many of us still had not filed. But at last we will reach the final deadline on 12/31/2012, and they aren’t going to give the credit anymore for those of us that don’t file. [tubepress... [Read more of this]

How do you buy a house that needs repairs before a bank will lend money? How do you buy a house that needs repairs before a bank will lend money?

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]

How low will the bank accept for a short sale offer? How low will the bank accept for a short sale offer?

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]

How To Challenge Your Maryland Property Tax Assessment How To Challenge Your Maryland Property Tax Assessment

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]

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