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Friday, July 10, 2020   /   by Shane Anderson

Prepare for the Ultimate StayCation

Rule #1 of the best week off at home: Plan ahead.
You don’t need to stay in a hotel and play tourist to have a proper holiday. Look no further than your own home for a staycation that dreams are made of.
Make no mistake, an at-home staycation doesn’t just mean a lazy weekend on the couch. Turn your humble abode into a resort made for relaxation with a few days of planning and prep work.
Here’s your guide to creating the ultimate staycation.
Tackle chores in advance
Make a list of chores you want to tackle a few days before your staycation begins. At the very least, cover the basics like washing linens, dusting and vacuuming.
For an added level of sparkle, schedule time to clean your windows. That way when you’re gazing out at your backyard garden or pool (aka your staycation resort spa), your windows will be as spic-and-span as those at a five-star bed and breakfast.
Better yet, for a totally chore-free staycation, consider setting aside extra c ...

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Friday, March 2, 2018   /   by Shane Anderson

Locking in your interest Rate before you buy a home.

With the interest rates going up daily, have you every thought how you can lock the lower rates in while you are looking for a home? Well Now you can. I have a lender that is doing exactly that. Here is how it works. 



Apply for Financing, then the Operations Department will process the application


You have 30 days to view properties, negotiate potential home sales, and to sign the contract


When you present a valid property address within 30 days of the original lock date, they can lock terms to 75 days.  


Call me today to find out more. 

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  home loans, interest rates, qualify for a home loan, pre-approval, home qualification

Friday, February 2, 2018   /   by Shane Anderson

Interest Rates February 2018

With the economy doing better we have notices that the interest rates are slowly on the rise. As of January 31 2018 here are the rates you can expect when you buy a home. These interest rates can change daily.


30 Year Fixed: 4.375-4.5%
FHA/VA 4.0 - 4.25%
15 Year Fixed 3.625 - 3.75%
5 Year Arms 3.0 - 3.5% Depending on the lending


     With that being said now is a good time to buy before the interest rates go any higher. I have a chart to help explain what happens when the interest rates go up.


            If you are interested in learning more or want to know what programs are out there that can help just give me a call or shoot me an email. I have lenders on my team that can help answer any questions you may have. To understand more about what has been going on with mortgages you can go to http://www.mortgagenewsdaily.com/consumer_rates/832564.aspx

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  anne arundel county, home loans, housing market, interest rates, market update, qualify for a home loan, stock market, pre-approval, home qualification

Friday, January 26, 2018   /   by Shane Anderson

203 K Loan

Recently I have had people ask me "What if I find a home, but it needs repairs?". There is a loan program out there that allows you to add money to your loan for repairs or additions. For example, you found a home and you want to update the kitchen, or maybe you want to add an extra bedroom to the home. The house is selling for $200,000. This would be a good opportunity to get a 203K Loan. Your loan would be for $200,000 + the cost of the estimated repairs. Once your home goes under contract the next step would be to get a contractor out to the home ASAP and to give you an estimate of how much it would cost to do what you want to do. Let's say the cost will be $30,000. The next step is to have the appraiser look at the house and appraise the home as if the updates were complete. The total amount of the loan would be $230,000. 
                 If you would like more information please let me know. I have lenders that can still get ...

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  anne arundel county, home loans, housing market, home qulification, qualify for a home loan, 203k

Monday, January 1, 2018   /   by Shane Anderson

Weekly report January 2018

          The stock market posted modest losses during the holiday-shortened trading week while bond yields moved slightly lower. The 10-year treasury yield moved lower to 2.4054% after touching 2.50% in the prior week and ended 2017 nearly unchanged from the 2.45% mark where it ended in 2016.
          There was a smattering of mostly positive economic news released during week. Initial Jobless Claims were unchanged from the previous week at 245,000 and remained near historically low levels. Although the Consumer Confidence Index for December was lower than expected at 122.1, it followed November’s 17-year high reading of 128.6. Meanwhile, the Chicago Purchasing Managers Index for December had its best reading (67.6) since March 2011 while its New Orders Index reached a three-and-a-half year high and the Production Index hit a 34-year high.
Pending Home Sales for November were better than forecast, rising 0.2% to push the
&nb ...

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  anne arundel county, home loans, housing market, housing market update, interest rates, market update, stock market