If you’re 62 or older, and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses, you may consider a reverse mortgage. A reverse mortgage allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. Here […]
It’s important to have a relative understanding of what Private Mortgage Insurance (PMI) is when you are in the final steps of the mortgage approval process. Here is some information to learn what PMI is, how much it costs, and how to avoid or get rid of it. What is Private Mortgage Insurance? Private mortgage […]
If your mortgage approval has been stalled, you may be wondering what went wrong during the application process. There are factors that everyone should avoid to keep the mortgage application process on track. Here are five tips you should follow to avoid your mortgage approval from being stalled. Your Job Status An important factor to […]
If you’re trying to purchase a home after a foreclosure, you aren’t alone. In fact, many who lost their homes during the Great Recession are just starting to re-enter the housing market. If this is the case for you, you may already be qualified to get a mortgage. However, if you’ve lost your home more […]
The day you buy a house is without a doubt one of the most monumental days of your life, but the path leading to that day might not always be easy. We all know the situation: you are caught in a seemingly never-ending circle of trying to save for a mortgage while simultaneously forking out […]
Searching the residential market in Baltimore as a first-time homebuyer can be daunting whilst trying to find the perfect home that fits in your price range. A good tip to help you get started is to be familiar with the current market trends in the area you are wanting to move to. Know what the […]
Budgeting is Important! Before you start the home buying process, there are a few useful tips you should know to help you save up for that big purchase. Here at Equity Mortgage, our team understands how much of a financial commitment it is to purchase a home. We have provided a list of 3 budgeting […]
Who Is a High Asset Home Loan Right For? You are ready to start looking for your dream home, but that doesn’t mean that your income level is. For many first home buyers, things such as home loans can be quite overwhelming, especially for those on a lower income. If you expect to encounter issues […]
If you are choosing a new mortgage, one of the biggest decisions you will need to make is between a fixed-rate mortgage and an adjustable-rate mortgage. While the low upfront cost of adjustable-rate mortgages is tempting, the uncertainty of the future is a major risk. What are the key differences between the two types of […]
4 Steps to Help You Prepare for the Mortgage Refinancing Process Refinancing your Owings Mills mortgage is an excellent way to get cheaper rates and more affordable payments then your current contractual rate. Here at Equity Mortgage our team of experts has listed 4 steps to help prepare you for the mortgage refinancing process. Preparation […]
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Ken Venick
Phone: 443-471-4310
kvenick@equitymortgagelending.com