There's a mortgage for your home in Baltimore for you and we'll help you find it. If you are already pre-qualified or pre-approved for a home mortgage loan, wonderful. We have no financial connection with any lender. However, if you need help in obtaining the right mortgage loan FOR YOU, we'll help. We work with many Maryland lenders and are familiar with the right loan for you.

The lenders we work with are experienced with Conventional, Conventional Jumbo, FHA and VA loans.

You will need to have a Pre-qualification or Pre-approval letter to make an offer on a home in Baltimore. We'll help you get that letter AT NO COST TO YOU.

MORTGAGE FACTS
Buying real estate in and getting a mortgage loan in Maryland and Virginia is hard enough for most folks. Real estate in Maryland and Virginia is expensive compared with many other areas in the United States. Buying a home and getting a mortgage loan, in Maryland or Virginia is even more complicated when home buyers don't understand the home loan process. We'll try to make is as easy as possible. However, borrowing Thousands or Hundreds of Thousands of Dollars is not a minor matter. Borrowing money is a very serious matter and we treat it as such. But, with some education, mortgages can be made easy to understand. We can help. We sell many homes every year and we help our real estate buyers with the mortgage process from pre-qualification through settlement.

HELP US HELP YOU
You MUST stay current with all credit accounts, car payments and any other revolving or other types of credit that you have. A late payment on your credit report will delay your mortgage loan and lower your credit score.

We will describe the mortgage process further down this page, but first, you should understand what a mortgage is and how it works The procedure will vary little from lender to lender, but since the procedure is basically simple, you just need to understand that: Lenders lend large amount of money. Lenders want to lend to folks who will repay the loan. Lenders secure their loan with a lien against your home. If you pay your monthly mortgage payment, every thing is fine. If you default, the lender will foreclose the property.

Sounds simple doesn't it. It can be. But, unless you've obtained a mortgage loan before, sometimes buyers don't understand why lenders need particular information.

WHAT KIND OF DOCUMENTATION WILL I NEED FOR MORTGAGE APPLICATION?
Generally, the documents needed will verify your income and debt. The list below is the minimum for VA, FHA and conventional loans.
Past two years W-2 Forms Current address Employment addresses Recent bank statements Name and address of current creditors Social Security numbers Certificate of Eligibility for VA buyers

If you are self employed, you will need two years tax returns and a profit and loss statement, simplified. Don't forget, your agent will be available for consultation when you have a question. Relax and enjoy your home search.

Your lender will have a copy of the Contract of Sale for the home you are purchasing. Your lender will process the loan and have the mortgage approved prior to the date of settlement date in the Contract. The lender will send the proceeds of your home loan to the settlement company along with instructions to the title company about what charges are and the title company will conduct the settlement meeting. You sign the documents accepting the loan, the sellers signs the deed over to you, you get the keys to your newly purchased home.

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