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The Role of the Appraisal Contingency in Real Estate Contracts

The Role of the Appraisal Contingency in Real Estate Contracts

by Mark Maldonado | Dec 5, 2024 | Home Buyer Tips

When you’re buying a home, one important component of the real estate contract is the appraisal contingency. This clause protects the buyer in case the property’s appraisal comes in lower than the agreed-upon sale price. While it’s a common part of...
Mortgage Assistance Programs and Government and Nonprofit Options

Mortgage Assistance Programs and Government and Nonprofit Options

by Mark Maldonado | Dec 4, 2024 | Mortagage Tips

Purchasing a home is a significant financial milestone, but for many potential buyers, the upfront costs and down payment can be a barrier. Fortunately, there are a variety of mortgage assistance programs available through government agencies and nonprofit...
Steps to Prepare for Future Home Financing and Year-End Financial Checklist

Steps to Prepare for Future Home Financing and Year-End Financial Checklist

by Mark Maldonado | Dec 3, 2024 | Home Buyer Tips

As the year draws to a close, it’s the perfect time to take a step back and review your financial health, especially if you plan to purchase a home next year. Whether you’re a first-time buyer or looking to upgrade, proper preparation can make all the...
What’s Ahead For Mortgage Rates This Week – December 2nd, 2024

What’s Ahead For Mortgage Rates This Week – December 2nd, 2024

by Mark Maldonado | Dec 2, 2024 | Financial Reports

Leading off with the FOMC Minutes, the Federal Reserve has stated once again they will maintain a “gradual” approach to cutting interest rates, which has aligned with their goals of meeting their target 2% inflation goal. The PCE Index release numbers, the...
What You Can Do Now to Prepare for Mortgage Rate Drops

What You Can Do Now to Prepare for Mortgage Rate Drops

by Mark Maldonado | Nov 29, 2024 | Mortgage Rates

As we move into the last month of 2024, many potential homebuyers are eagerly awaiting a drop in mortgage rates. With inflation numbers looking promising, there’s hope that the Federal Reserve will lower the federal funds rate, which typically drives mortgage...
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Federal Hill Mortgage Company, LLC is a broker and lender licensed in MD, DE, PA, VA, DC, NC & TX.

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