NEW Financing Programs for Home Buyers in Maryland

American Dream Downpayment Initiative (ADDI) FUNDS AREA NOW AVAILABLE EVEN IN THIS SLOW MARKET! GET STARTED NOW!
The American Dream Downpayment Initiative is a first time home buyer assistance program that encourages home ownership for lower income and minority households in Maryland. If you are a first time home buyer in Baltimore, Harford County or anywhere in Maryland and you are struggling to come up with a downpayment, enough money for closing costs or money to make improvements to your house, the ADDI program maybe a solution.

What are the benefits?
$10,000 downpayment and closing assistance structured as a 5-year loan , forgivable 20 percent per year.

What are the restrictions?
Buyer must contribute at least $1,000 towards purchase of your home in Maryland and must use the property as their primary residence. The buyer must secure an HQS (Housing Quality Standard) Home Inspection on the property. The home must be free of any flaking, peeling, or chipping paint surfaces. Closing on the property must occur within 90 days of the contract date. Loan is forgivable over 5 years.

America Dream Downpayment Initiative 2008 Income Limits:
1 persons $43,0502
2 persons $49,2003
3 persons $55,3504
4 persons $61,5005
5 persons $66,4006
6 persons $71,3507
7 persons $76,2508
8 persons $81,200

CDA Loan Program (Community Development Administration)The CDA loan program has a large variety of loan products that offer first time home buyers below market mortgage interest rates and flexible home loans. The CDA current has six low-interest rate mortgage programs:
Interest Rate Points APR
6.375% 3-point Mortgage 6.771%
6.500% 2-point Mortgage 6.797%
6.625% 1-point Mortgage 6.824%
6.750% 0-point Mortgage 6.851%
7.250% 2% Closing Grant (0 points) 7.155%
7.500% 3% Closing Grant (0 point) 7.305%

The rates are frequently reviewed and subject to change. CLICK HERE and start your loan application now or simply call Robert B. McArtor today! 410-879-0622
equal housing opportunity.

NEW RURAL MORTGAGE LOAN PROGRAM for HARFORD, BALTIMORE COUNTY

The United States Department of Agriculture has introduced a new Mortgage Loan Program for Baltimore County, Harford County and Cecil County Homes called the Guaranteed Rural Housing or GRH program. It offers 100% Financing with NO Mortgage Insurance and allows a 6% Seller Contribution! Income and Property location limits apply. CLICK HERE and provide your contact information and property address you are interested in purchasing. We will help you determine if the property is eligible for this financing option. SPECIAL...SPECIAL.....if you buy your home through our preferred mortgage lender, you will receive a $500 Broker Credit! AND a HOME WARRANTY from our TEAM as a thank you for your business. Robert B. McArtor, REALTOR with Long and Foster Real Estate, Inc. serves the Baltimore, Harford County, Cecil County and Surrounding Areas! Call Now at 410-879-0622 or simply visit Maryland HOMES Team website.

BUY YOUR FIRST HOME IN MARYLAND and SAVE $7,500 on YOUR INCOME TAXES

The Government is Helping Americans Buy Their First Home.

What an incredible opportunity for first-time homebuyers in Maryland, Harford, Baltimore Cecil County and surrounding areas!

In addition to a huge selection of homes in Maryland to choose from, and near-record low interest rates on solid, 30 year fixed rate mortgages, and far more affordable prices, first-time homebuyers in Baltimore now have the added incentive of a $7,500 federal income tax credit to help them buy their first home!*

Stop Paying Rent! Become a Homeowner instead...>>>

One simple phone call to Robert B. McArtor with Maryland HOMES Team and we will get you on the road to homeownership. Meet with our friendly, knowledgeable Long and Foster real estate staff member. While you're at it, meet with a Prosperity Mortgage loan officer and get pre-qualified for a mortgage.

Search for HOMES ANYWHERE IN MARYLAND ON-LINE Now...>>>

*Legislation has just been passed by Congress and signed by the President, granting first-time homebuyers a tax credit of up to $7,500 on their federal income tax return if they purchase a home between April 9, 2008 and July 1, 2009

AVOIDING FORECLOSURE in MARYLAND, 10 Steps to Take

If you are unable to make your mortgage payment in Maryland:

1. Don't ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem. Lenders do not want your house. They have options to help borrowers through difficult financial times.

3. Open and respond to all mail from your lender. The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights. Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.

5. Understand foreclosure prevention options. Valuable information about foreclosure prevention options can be found on the internet portal.hud.gov/portal/page?_pageid=33,717348&_dad=portal&_schema=PORTAL

6. Contact a HUD-approved housing counselor. The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.

7. Prioritize your spending. After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets. Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.

9. Avoid foreclosure prevention companies. You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender. While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD approved housing counselor will provide free if you contact them.

10. Don't lose your house to foreclosure recovery scams! If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD approved housing counselor. If you are thinking of selling your home as-is, call Robert McArtor to obtain FREE Comparables in your area so you know the prices. Some will try to put your house under contract just to try and sell it themselves and keep all the equity! If the property does not sell, you become further behind, losing time and they just walk away.

I have been asked over the past years, "Robert, we are a few months away from being foreclosed on, do you know what we should do?" Without knowing their situation, it is hard to answer without crossing the line of giving legal advice. For your further research into the subject, I would recommend the following links as a guidance through this difficult process.

Don't lose your home! Here are some guidance on default and foreclosure prevention. If your adjustable rate or interest only mortgage is about to reset, these programs may help you refinance into an affordable fixed rate mortgage. If you are looking for a trusted REALTOR or Auctioneer for a FREE consultation. Please do not hesitate to contact me. I may be able to point you in the right direction for your specific problem. Robert B. McArtor, is a REALTOR and Licensed Real Estate Auctioneer with Long and Foster Real Estate, Inc. and Advantage Real Estate Auction Sales, LLC. for more information, call 443-392-4833

>>>FHA Secure

>>>Maryland's HOPE Initiative

Housing Counseling Agencies - Counseling on buying, renting, defaults, foreclosures, credit issues and reverse mortgages.

Legal Assistance in Maryland - Find free legal services in your community.

STOP PAYING RENT and OWN YOUR OWN HOME FOR PENNIES DOWN

If you're like most Renters in Maryland you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.
Well don't feel trapped any more! A new FREE Special Report entitled "How To Stop Paying Rent and Own Your Own Home" has already helped dozens of local renters in Maryland, Harford County, Baltimore County and City get out from under their landlords finger, and move into a wonderful home in Maryland they can truly call their own. You can make this move too by discovering the important steps detailed in this Free Special Report.
It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent. Simply click on the link above for more information.

Robert B. McArtor, Noted Local REALTOR and Licensed Auctioneer in Maryland with Long and Foster Real Estate, Inc. and Managing Member of Advantage Real Estate Auction Sales, LLC. serving the local real estate market in Maryland.

6 MISTAKES to AVOID WHEN MOVING OR RELOCATING TO A LARGER HOME IN MARYLAND

A new reports has just been released which identifies the 6 most common and costly mistakes that homebuyers make when moving or relocating to a larger home. Whether you are looking to relocate to Baltimore County, relocate to Harford County or relocating to the surrounding areas. This information will be helpful to you.

Unlike the experience of buying a first home, when you're looking to move-up, and already own a home in Maryland, there are certain factors that can complicate the situation. It's very important for you to understand these issues before you list your home for sale.

Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden on owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

In answer to this issue, industry insiders have prepared a free special report entitled "6 Inside strategies to Avoid Trade-Up Mistakes."

These six strategies will help you put your home on the market in anticipation of moving to a larger home. Click on the link above for this special report or you can simply contact Robert B. McArtor at 410-879-0622 for additional information. Robert McArtor is a Noted Local REALTOR and Licensed Real Estate Auctioneer with Long and Foster Real Estate, Inc. and the Managing Member of Advantage Real Estate Auction Sales, LLC.

FIRST TIME HOMEBUYER, SEARCHING FOR HOMES IN MARYLAND, HARFORD, BALTIMORE COUNTY AND CITY

Don't Pay Another Cent in Rent to Your Landlord in Maryland Before You Read This FREE Special Report for Renters in Maryland, Harford County, Baltimore County, City and Cecil County.
If you're like most renters in Maryland, you feel trapped within the walls of a house or apartment that doesn't feel like yours. Even if you are considering Relocating to Maryland, you feel as if you would need to rent a place first. You also feel as if you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home in Maryland.
Well don't feel trapped any more! A new FREE Real Estate Special Report entitled "How To Stop Paying Rent and Own Your Own Home" has already helped dozens of local renters in Harford County, Baltimore County, Baltimore City, Cecil County by getting out from under their landlord's finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering the important steps detailed in this FREE Special Real Estate Report.
It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.
Robert B. McArtor and the Maryland HOMES Team will work hard for you. If you are thinking of an auction, we can service your needs as well. With excellent job opportunities that Maryland has to offer, we can help you with your home buying dreams. We are prepared to help you relocate due to BRAC. Whether you are relocating from abroad, or are an established business or resident, We can help you find the Home of Your Dreams.
Your Real Estate Leaders in Maryland, Harford County, Baltimore County, City and Cecil County when you are looking for Real Estate in these areas, Robert B. McArtor with Long and Foster Real Estate, Inc. is your Real Estate Team of choice.
Robert B. McArtor, REALTOR and Auctioneer with Long and Foster Real Estate, Inc. is there to help you find your next home. Call me today 410-879-0622 or visit our Website at Maryland HOMES Team!
If you are looking for an experience REALTOR, Real Estate Agent or Auctioneer serving the Baltimore, Harford County, Baltimore City and Cecil County Area, your search has ended. Whether you are Relocating to Maryland, Buying a Home, Selling a Home or considering the Auction Method of Marketing your property. Robert McArtor, REALTOR with Long and Foster Real Estate, Inc. and noted Licensed Auctioneer is here to serve you. Have your questions answered immediately by calling him direct. As a gift to you, please visit my REALTOR website and recieve FREE Reports on Buying and Selling a Home in Maryland.
FREE Quick Over-The-Net Home Evaluation for Homes in Maryland, Harford County, Baltimore County, City, and Cecil County Knowing what your home is worth is important information to have if you are thinking of selling your home. Using the information you submit to us, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in your area. Even if you are looking for auctions in Maryland. We will be able to determine what your home might sell for if you decided to put it on the market. There is no cost or obligation for this valuable service.
You can become a VIP Buyer and Beat Other Buyers to Hot New Listings in Maryland, Baltimore, Harford County, Cecil County Homes. How To Receive Daily Emails or Printouts of ALL New Listings That Match Your Home Buying Criteria Sent to You FREE of Charge Without Obligation. We will mail/e-mail you new listings (complete with pictures) of ALL MLS properties that match your home buying criteria. Our exclusive Buyer Profile System allows you to pick which homes in Maryland you want to view before other buyers even know about them. As a VIP buyer: You get weekly updates of all new home listings that match your criteria FREE of charge. You get first pick of homes that interest you and the ability to beat other buyers to an offer. Because you're there first, before most other buyers, we are able to negotiate the lowest possible price for you. Most importantly your time isn't wasted viewing homes that don't interest you.
Get a Back Stage Pass and Become a VIP Member! Login and Access the Most Useful Information on Buying or Selling a Home inMaryland, Harford County, Baltimore County, City and Cecil County. Right now, you can take your first-step in educating yourself on Home Buying, Selling and Auctioning. Start exploring the real estate landscape and instantly access our exclusive, rich-media library of special reports and resources. You can also personalize our VIP site according to your needs and wants. Just enter your profile information once you are logged in and instantly access the real estate information that matches your profile.
We are confidant that our VIP site will empower you with the knowledge to make the most educated and profitable home buying and selling decisions using Long and Foster Real Estate, Inc.
HOME MARKET WATCH NEWSLETTER. Each month, we publish a series of articles of interest to homeowners looking to Auction, Buy or Sell their Home Traditionally in the Maryland, Baltimore, Harford, Cecil County areas. -- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Whether you currently are in the market for a new home, or not, we hope that this information is of value to you. Please feel free to pass these articles on to your family and friends.