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Blog Image: 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 markets in the U.S. The index showed that interest in home buying in Baltimore led the U.S with rates that exceeded 20 percent over 2015 figures.If you are hesitating to buy and want to talk to a professional first, contact us today! We are here to help. All the time. 

July 27th, 2016 | 247, application, home loan, lenders, loan programs, mortgage, new, Baltimore Market on the Rise

Blog Image: 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.Additionally, January 2016’s average time to close a loan is 10 days longer than just one year ago in January 2015, when the average time to close a loan was 40 days.This is just another advantage of going with a smaller mortgage company like us. Pre-qualifications are done right on the phone with you in 15 minutes or less. Closing a loan takes us ...

July 25th, 2016 | 247, application, home loan, lenders, loan programs, mortgage, new, Small Mortgage Companies Save Time Closing your Loan

Blog Image: 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 biggest mistakes that people make when refinancing their home:1. Not shopping aroundThere are many sources of mortgage loans. It’s a mistake to just go with your same lender without shopping around and talking to other people for referrals. Do your research! 2. Maxing out your creditPart of your credit score is calculated by compa...

July 21st, 2016 | 247, application, home loan, lenders, loan programs, refinance, new, mortgage, mistakes, The Four Biggest Mistakes People Make When Refinancing Their Homes

Blog Image: 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 of communication and the run-arounds from folks in the business and consumers. Even as licensing and regulations got stricter, this has not gone away. Simply put, not all lenders are alike.Some lenders will get you exactly what you’d like, and bring that to you. You might not know exactly what you’re talking about, but they will get...

July 16th, 2016 | 247, application, home loan, lenders, loan programs, mortgage, new, refinance, We're Not all Alike: The Difference Between Us and Other Lenders

Blog Image: 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. As simple as it sounds, in this process you’re typically tied to the bank’s hours and banker’s availability. However, in recent years, the trend in mortgage lending is shifting away from these federally ran institutions, towards smaller, private mortgage lenders, whom offer personalized services, flexible hours, and a more ...

July 3rd, 2016 | application, 247, home loan, lenders, loan programs, mortgage, new, refinance, Smaller Mortgage Lenders are on the Rise

Blog Image: Will Your Current Lender Offer The Best Refinance Rate?

Will Your Current Lender Offer The Best Refinance Rate?

Getting a new mortgage rate in 2016 could be a very good idea. While mortgage rates were predicted to rise to the mid-fours, this year, instead, they dropped to the mid 3’s!  What does this mean for you? Well, homeowners who bought between late 2013 and the latter part of 2015 might benefit from a refinance. Rates hovered at or above 4% for much of this time period.So, your first thought: “I will give my current mortgage holder a call”.  Not so fast…Homeowners should be wary of taking the first rate that they are offered! This is especially tru...

June 28th, 2016 | 247, home loan, lenders, loan programs, mortgage, new, refinance, Will Your Current Lender Offer The Best Refinance Rate?