Mortgages
If you’re like most buyers, a home is the most expensive purchase you’ll ever make, and you’ll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. I would be happy to refer you to some very good mortgage contacts I have in Silver Spring, or to help you in any other way I can to secure the best possible rate for your home purchase.
First Time Buyers
For most individuals or families owning a home is the beginning of wealth accumulation. Most stumbling blocks that are encountered in the journey towards home ownership are the result of what we do not know about the process. In addition, the costs of downpayment and settlement can easily overwhelm first time buyers, as many of them are unable to save enough money for them. In fact, they are considered to be the number impediment to homeownership. There are a number of programs and initiatives at the federal, state and county levels designed to assist first time homebuyers in the pursuit of the american dream. They include credit counseling, homebuyer workshops, downpayment and closing cost assistance programs, loan programs with lowered interest rates and better terms. employers match programs, homeownership vouchers, mortgage insurance assitance programs, tax credits, individual development accounts or IDA, single family mortgage revenue bonds, down payment funds, etc.