MelissaDelGaudio.net

There’s no doubt that choosing a home is an important decision and you want to do it right.
As a buyer, here’s what actually happens: A home has been placed on the market for which the seller has established an asking price, as well as other terms. In effect, this is an offer. At this point, […]

Some 6 million new and existing homes are sold each and every year. There’s no shortage of housing options, but with so many choices the challenge becomes finding the property which best meets your needs.
The housing market is complicated because the stock of homes for sale is always in flux. If it were possible to […]

Few people can buy a home for cash. According to the National Association of REALTORS®, nearly 9 out of 10 buyers now finance their purchases, which means that virtually all buyers — especially first-time purchasers — require a loan.
The real issue with real estate financing is not getting a loan (virtually anyone willing to pay […]

Knowledge and experience are the keys to successful real estate transactions. Harnessing the power of The Internet and the wealth of information it holds and coupling that with the expertise of a REALTOR®, like myself, can be the essential keys to your success.
One of the keys to making the homebuying process easier and more understandable […]

Over the past couple of days, we’ve discussed the warning signs, as well as some common problems associated with “predatory lending”. When you’re shopping for a low-cost loan, it’s extremely important to know the right questions to ask of any lender, so that you can choose the loan that best suits your needs. Working with […]

Nearly all predatory lending occurs in the “subprime market,” where loans are sold to people with less than ideal credit histories. Subprime loans have played an important role in helping millions of consumers achieve homeownership, but, unfortunately, some lenders abuse their role and take unfair advantage of vulnerable borrowers. Here are some common problems with […]

For most families, buying a home is the biggest and smartest purchase they ever make. Unfortunately, not all loans are in their best interests.
When loans hurt instead of help, they can quickly lead to foreclosure and even bankruptcy. It’s important to learn the warning signs and common problems associated with predatory lending, and to ask […]

New ground rent policies are likely to become illegal after the Maryland House and Senate unanimously passed bills Thursday to end the practice.
Ground rent is an antiquated provision in some areas whereby homeowners must pay nominal rents for the land their homes sit on. The practice dates to the 1600s and is seldom invoked, but […]

Chevy Chase Bank Faces Suit Over Adjustable-Rate Mortgages
With college costs looming for their four children, Bryan and Susan Andrews were looking for a way to cut their monthly expenses.
The sales pitch that came in the mail seemed perfect: A mortgage at 1.95 percent, fixed for five years.
“It sounded like a really good program,” Susan Andrews […]

Now is a great time to be a buyer! Not only is there an unprecedented inventory of homes for sale in Anne Arundel County, Annapolis and the Chesapeake Bay Region, interest rates are still at historical lows!
For Monday, February 19, 2007, mortgage rates are ranging from 5.375% to 5.875% (source Yahoo! Finance). These rates assume […]