Maryland law requires the seller to provide specific information pertaining to the resale of property within a Homeowner’s Association (HOA) or a property designated under a condominium regime.
Typically, this information is produced by the...
The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans effective January 1, 2014.
Please note, these limits do not reflect a maximum amount that an eligible veteran...
The Federal Housing Finance Agency (FHFA) published today the maximum conforming loan limits, which is the ceiling on loans eligible for backing by Fannie Mae and Freddie Mac.
The limits listed below are for some counties in Maryland and...
A homeowner who wants to refinance his or her first mortgage when there are two mortgages on the property is typically required to obtain a subordination agreement for the existing second mortgage.
This is because without such an agreement,...
Until recently, Maryland treated refinances of principal residences and other properties differently.
A borrower refinancing a principal residence paid recordation taxes on the difference between the outstanding principal balance of the existing...