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Severn : Real Estate Advice

  • All20
  • Local Info4
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 20
Tue Oct 18, 2016
Atxaviermartin answered:
Well, you can always apply for a government backed loan like VA Loan (best for military veterans) or FHA loans. That would make home buying easier for you.
0 votes 1 answer Share Flag
Wed Feb 24, 2016
Aggiesinyu.ng asked:
It's the new Jacob Forest, We are planning to live there for 2 years and then rent it out. What is the rental market around there like? is the not-as-good school district around there affect…
0 votes 0 Answers Share Flag
Mon Sep 15, 2014
Sabrina Langley answered:
Most rental properties in this area require a credit report. I have recently worked with several renters that were denied because of poor credit. Is that what you are referring to regarding tax information? ... more
0 votes 2 answers Share Flag
Wed Jul 9, 2014
Jessica Hood & Laura Roskelly answered:
Not that I know of but you can call the AA County Board of Education for more information. Encourage your neighbors to get involved at the schools as well. That is a great way to get them back in shape. We need MORE schools too. It's getting critical! ... more
0 votes 2 answers Share Flag
Thu Aug 22, 2013
Miekeba Jones answered:
Hi Nsai1130!! Do you have a Realtor to help you with negotiations for your new home? I'm asking because I know the perfect lender for you and I specialize in New Home Negotiations. Currently negotiating a New Home in the $600K price range. Contact me and I will help you. ... more
0 votes 14 answers Share Flag
Fri Jul 19, 2013
Joseph Herold answered:
If you can e-Mail me at josephherold@championrealty.com and give me some more details, meaning the address of what you found, I can work up a comp package and tell you whether the $255K is realistic or not. Have you already spoken with a mortgage lender and gotten a pre approval? From where I sit, EVERYTHING is negotiable. Do not be intimidate by what a seller wants for their home, How well they end up doing when the day is done is not your concern. ... more
0 votes 13 answers Share Flag
Mon Apr 22, 2013
brent mendelson answered:
There is no set answer to this question. Greg makes an excellent point though. It's more than just the GFE. Experience, fees, ability to close on your timeline all factor into the equation.

Also I want to make one thing very clear. You almost certainly do not have ANY actual GFE from any lender at this point. A GFE is called a good faith estimate. The government though has mandated that a GFE not actually be an estimate any longer in most sections. Once a GFE goes to a client it's pretty much set in stone. Lender fees can't change. Attorney fees can only change 10% in total and the transfer and recordation taxes cannot change. I think I can speak for all lenders in that you don't get a GFE until you have committed to a lender and the loan is locked. Before that you get something that looks and acts like a GFE but is NOT binding any way shape or form. Now a good lender tries to get it right and include everything that you'll see on a final GFE at settlement. That's the right way to do it. It's called an IFW but many lenders but again you won't get a GFE until you make a full application and commit to a lender. A small but crucial point. But yes you can apply to all the lenders you like and you can cancel on the rest and pick one but you should be up front with all of them about what you are doing. Shopping lenders is something you need to do but if it were me I wouldn't lock you until you made a firm commitment to me. I hope this makes sense and please let me know if I can be of assistance further. I can also show you everything that should be on a cost break down. It's not complicated, just takes a little time.

Thanks,

Brent Mendelson
Senior Loan Officer
1ST Mariner Mortgage
O-240-235-5314
C-301-412-0259
F-240-235-8236
Bmendelson@1stMarinerbank.com
Lending in all 50 states
nmls#111407
... more
0 votes 5 answers Share Flag
Fri Apr 19, 2013
The Deswal Group answered:
Hi Alex,

I am hoping that by now you would have gotten rid of that Realtor and made contact with some of these local agent that answered on this Board. Good Luck.
0 votes 16 answers Share Flag
Wed Mar 27, 2013
Joseph Herold answered:
I would first be cautious with any lender who only provides a pre-approval amount. A typical/standard pre-approval letter would also disclosure to the potential buyer the terms by which they have been pre-approved. I would revisit with those lenders and request any and all information to be disclosed to you that explains the terms for them providing you a pre-approval amount. Also request from them the range of fees they would charge for their services (cost for the appraisal, etc).

You can submit an offer with any single lender you wish. It is only at the time of contract acceptance would you be required to make a decision on your mortgage lender and formally apply for a mortgage loan.

If you have any additional questions, please feel free to contact me at 443-742-4605 or at josephherold@championrealty.com.
... more
0 votes 4 answers Share Flag
Mon Feb 4, 2013
Amy Sanders answered:
Hi Cyndi,

I'm not clear if you are trying to get a loan to buy the house you currently own or a new one. Most lenders can help you get a loan with a credit score of 640 or higher but some will go as low as 620. However, if you are not in a position to buy now, there are fast ways to improve your credit score. ... more
0 votes 8 answers Share Flag
Mon Feb 4, 2013
Amy Sanders answered:
Hi Raema,

I use spotcrime.com to search neighborhood crime statistics. You can search by any time period including months or the most recent few days. It is a great comparison tool. Realtors are not allowed to comment on crime statistics but we can provide you with good resources to do your own research. ... more
0 votes 4 answers Share Flag
Mon Mar 5, 2012
Cyndi answered:
Severn, Maryland is in Anne Arundel County
0 votes 5 answers Share Flag
Wed Sep 21, 2011
Jackie Grove answered:
Hi,' I just looked in the MLS system. There were no 1 bedrooms available at this time. If you contact me with your email or phone number I can keep searching for you. I will need to know what price range you are looking for. Thank you.
Jackie
443-336-8887(direct)
Realty Masters
410-689-0111(office)
... more
0 votes 2 answers Share Flag
Mon Feb 21, 2011
James Ryan answered:
I have not seen an NVR contract in years, howver, they used to be quite onerous if you chose another lender besides the NVR mortgage group. I worked with many folks after they signed the contract, and the loss of discounts and upgrades, closing costs, etc, made switching very problematic. However, if folks worked with me before signing the purchase contract, we were able to still negotiate many of these items.
I chuckled at the 50 dollars a month differential, many times we were talking 100's a month. Caveat Emptor!
Happy to help with a competing quote. Jim, HSOA, 703 615 4675.
... more
0 votes 5 answers Share Flag
Wed Nov 25, 2009
Kim Mills answered:
Severn is in the Anne Arundel County school district. If you are trying to find which school it depends on the address of the house.

Kim
0 votes 2 answers Share Flag
Tue Nov 10, 2009
JT Buy Sell Keep Homes answered:
Well it is now Nov 2009, 5 months since you were "having a difficult time selling" your house. Did it sell? It sure would be nice to get an update from you., I have a many buyers looking in your area. Just listed a 5 bedroom home in Gambrills and am working with the buyer to finalize the contract of sale after 6 weeks. When you are "serious to sell" please e-mail sres@mris.com ...As a senior specialist, I work with retirees. As a BRAC Specialist, I work with military relocations. The Fort Meade housing area is very active for me right now. Would like to get your house sold fast. www.2hdb.com/sres ...Come to the settlement table. ... more
0 votes 4 answers Share Flag
Tue Sep 15, 2009
Emily Erekuff answered:
Hi Karen,

Thank you for reaching out to us about this. Has Susan forgotten her login information? If so, she can access the link below and select the 'Forgot Password' link to have a new password sent to her email address. She will then have access to update her account information.

I hope this helps you. Please be sure to let us know if you have any other questions.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 1 answer Share Flag
Wed Jun 24, 2009
Bill Wootan's Team One answered:
I do believe that all MLS listings are on Home Data Base.com, but there are some companies and agents who do not put their listings in MLS - some that try to get the full commission by using only a for sale sign, only advertising in their media, etc. - not at all fair to the owner - unless they are aware of it not being in MLS and a notation in the listing agreement that they specifically do not want it to be in the MLS system. I can't imagine any benefit to the owner. Hope this helps - have a great day!

Bill Wootan
Century 21 H T Brown
Waldorf, Md.
... more
0 votes 4 answers Share Flag
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