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The 20 Percent Down Payment Myth

The 20 Percent Down Payment Myth

If you have ever purchased a home, or even talked to someone about doing so, you are familiar with the "20 percent down myth". Fearful first-time buyers, you can officially bust that myth today.Of course, there are many different factors that go

Aug 07, 2016 | 247 application home loan lenders loan programs mortgage new refinance baltimore maryland real estate

Baltimore Market on the Rise

Baltimore Market on the Rise

A new report this week showed that the Baltimore area is on the rise for potential homebuyers.Redfin, a real estate data group, released its Demand Index that focuses on home-buying trends, home tours and residential purchase offers in 15 major metro mark

Jul 27, 2016 | 247 application home loan lenders loan programs mortgage new

Small Mortgage Companies Save Time Closing your Loan

Small Mortgage Companies Save Time Closing your Loan

According to Ellie Mae’s latest Origination Insight Report, the average time to close a loan increased to 50 total days in January, which is up four days from when TILA- RESPA Integrated Disclosure (TRID) went into effect in October 2015.Additionall

Jul 25, 2016 | 247 application home loan lenders loan programs mortgage new

The Four Biggest Mistakes People Make When Refinancing Their Homes

The Four Biggest Mistakes People Make When Refinancing Their Homes

At Mortgage 247, we understand that refinancing your home can be an exciting yet nerve-racking time. We also understand that there are many mortgage companies that you can work with. Even if you don't refinance with us, we will teach your the four big

Jul 21, 2016 | 247 application home loan lenders loan programs refinance new mortgage mistakes

We're Not all Alike: The Difference Between Us and Other Lenders

We're Not all Alike: The Difference Between Us and Other Lenders

We have been in the mortgage business for over 20 years.  Our favorite part of this business is the connections that we get to make with our awesome clients and realtor partners. Like you, we have heard absolute horror stories of inefficiency, lack o

Jul 16, 2016 | 247 application home loan lenders loan programs mortgage new refinance

Smaller Mortgage Lenders are on the Rise

Smaller Mortgage Lenders are on the Rise

You may be familiar with the process of working with companies such as Wells Fargo or Bank of America, where the mortgage process may involve the simple act of filling out an application and waiting for your file to be reviewed. This is standard

Jul 03, 2016 | application 247 home loan lenders loan programs mortgage new refinance