Cummings & Co. Realtors
Jennifer Mendenhall, Cummings & Co. RealtorsPhone: (443) 756-4037
Email: [email protected]

Tag: Mortgage

Posted on 10/23/2022
VA Loans: Major Benefits to Consider
The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...
Loan Beneftis
Loans
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Posted on 04/24/2022
How Sellers Can Benefit From Land Contracts
A land contract is a type of seller financing that has many benefits both for buyer and seller. In a land contract, the seller provides credit instead of a lender or bank. The buyer makes their regular payments to the seller directly. Once the total price is paid in full, the seller gives the buyer the title to...
Home Seller
Home Seller
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Posted on 11/14/2021
Mortgages for First-Time Homebuyers: The Basics
Image by Tumisu from Pixabay Financing a new home can seem overwhelming. For first-time homebuyers, the entire concept of obtaining a mortgage might seem especially daunting. There are many different lenders and many different types of mortgages available, so it's difficult to know which ones are best. Here we will go over the common mortgage types available to...
First Home
First Time Buyer
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Posted on 10/10/2021
How Sellers Can Reduce the Risk of Financing
Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....
Financing
Financing
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Posted on 08/16/2020
Mortgage Pre-Approvals Are a Valuable Tool for Understanding What You Can Afford
Photo by Clker-Free-Vector-Images via Pixabay A mortgage pre-approval can be a valuable tool for understanding how much you can afford to spend on purchasing a home. It can also make you seem much more attractive to sellers and help to identify any potential problems that may make it difficult to get a loan. In fact, many lenders claim...
Mortgage
Buying A Home
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Posted on 12/29/2019
Mortgage Types for Luxury Home Purchases
Photo by Vincent Rivaud from Pexels When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be...
Luxury Home
Home Buyer
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Posted on 06/02/2019
Assistance When Buying Your First Home
The single most difficulty first-time homebuyers face is being able to save up the down payment. From student loans to medical bills; wanting to start a family or live in a more expensive city; coming up with those funds keeps many potential buyers out of the market. In fact, if you don’t have your down payment saved up...
Saving For A Downpayment
Down Payment
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