Maryland Mortgage Program ( MMP)

As a first time home buyer, it can be a little frightening to engage into the buying process. Especially given the costs being presented ( Downpayment , closing costs…). Once might wonder how to find ressources to afford purchasing. MMP offers programs providing help to first time buyers as well as repeat buyers. However, this… Continue Reading


Homeready by Fannie Mae

Homeready is designed to facilate the home buying process. It allows homebuyers to put as low as 3% down to obtain a mortgage compared to 3.5% for FHA. Unlike FHA, Homeready requires a credit score of 620 to be eligible. However, with a score of 680 or above, one might be able to benefit from… Continue Reading


FHA Loan discussed

Since it inception in 1934, the FHA loan programs has been the most popular government back programs in the US. In fact, with a flexible credit score and down payment required, it allows more people to access homeownership. in effect, with a credit score above 580, a down payment of 3.5% is needed. Whereas a… Continue Reading


EMD en Francais.

Quand on fait une offre pour acheter une maison, l offre consiste des elements suivant: Prix D’achat, EMD, Contingencies ( conditions), DurĂ©e de la transaction, concession du vendeur et autre demandes de l ‘acheteur. Nous allons nous concentrer sur le EMD. LE EMD ( Earnest money deposit) peut etre vue comme la caution de l… Continue Reading