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What If My Mortgage Pre-Approval Expires?

What If My Mortgage Pre-Approval Expires?

by Mark Maldonado | Dec 19, 2024 | Home Mortgage Tips

A mortgage pre-approval is one of the most valuable tools in your homebuying journey. It’s not just a letter stating how much you’re qualified to borrow; it’s a written commitment from your lender that assures sellers you have the financial backing...
Exploring Down Payment Options for Homebuyers

Exploring Down Payment Options for Homebuyers

by Mark Maldonado | Dec 18, 2024 | Home Mortgages

Saving for a down payment is a common hurdle for many homebuyers, but there are several ways to make it happen. Whether you’re tapping into savings, receiving a gift, or utilizing assistance programs, understanding your options can make the journey to...
Condo Financing vs. Single-Family Home Mortgages

Condo Financing vs. Single-Family Home Mortgages

by Mark Maldonado | Dec 17, 2024 | Home Mortgage Tips

Purchasing a condo can be an exciting step, offering a more affordable option or an appealing lifestyle in certain areas. However, financing a condo differs significantly from securing a mortgage for a single-family home. These differences arise from the shared nature...
What’s Ahead For Mortgage Rates This Week – December 16th, 2024

What’s Ahead For Mortgage Rates This Week – December 16th, 2024

by Mark Maldonado | Dec 16, 2024 | Financial Reports

Last week featured a light release schedule, with the key highlights being the CPI and PPI reports. The CPI has proven to be exactly within expectations, signaling the Federal Reserve should be on track for another planned rate cut. However, this was offset by...
Why Getting Preapproved Before Your House Hunt Is Crucial

Why Getting Preapproved Before Your House Hunt Is Crucial

by Mark Maldonado | Dec 13, 2024 | Mortgage

Buying a home is one of the biggest financial decisions you’ll ever make, and you want to make sure you’re as prepared as possible. Whether you’re just starting to browse homes or are ready to put in an offer, one of the most important steps you can...
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Federal Hill Mortgage Company, LLC is a broker and lender licensed in MD, DE, PA, VA, DC, NC & TX.

Company NMLS #176351. Equal housing lender.

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