January 2023: Housing Market Is Heating Up
Freedmont Mortgage CEO Carl Delmont appeared on the Broadcast Retirement Network and shared some home-seller tips with rates improving and the market is starting to heat up!
Freedmont Mortgage CEO Carl Delmont appeared on the Broadcast Retirement Network and shared some home-seller tips with rates improving and the market is starting to heat up!
As the weather starts to warm up, homeowners might begin thinking about home improvement projects. That’s why May is National Home Remodeling month! Owning a home is one of the biggest investments you’ll make, so it’s important to keep up with home maintenance.
Much has been written about the Equifax breach, yet many are still confused and hesitant to take steps due to misunderstanding or misinformation. As evidence, an alarmingly small percentage of consumers have frozen their credit since the breach. On the plus side, Equifax just announced that they will offer credit freezes free for life, a welcome gesture but still not enough.
If you're like most people, buying a home is the biggest investment you'll ever make. Annual mortgage, taxes and insurance costs can range from 25% to 40% of your gross annual income. You're on your way to protecting yourself, and making the home-buying process easier by becoming an informed consumer. Read, talk to family, friends [...]
At Freedmont Mortgage, we understand that dealing with life's challenges may lead to falling behind on payments. That's why we offer special financing programs for customers who may have difficulty qualifying for traditional mortgage loans. Freedmont Mortgage offers: Flexible qualifying guidelines. Choose from a variety of refinance and purchase options, including fixed and adjustable-rate (ARM) [...]
You can borrow too much or prepare too little. You can misjudge terms or overestimate your credit. With so much at stake, it’s no wonder so much can go wrong. By Liz Pulliam Weston Applying for a mortgage can be a daunting experience. It's not enough that you're agreeing to take on the biggest debt [...]
To not become a new victim of this terrible crime, always be aware of your personal info. It could take a few years and thousands of hours to fix what a criminal can do in just a few minutes! Shred any documents you receive that contain any personal information. This includes credit card receipts and [...]
Adjustable Rate Mortgage (ARM): A mortgage loan with an interest rate that changes periodically. The change in rate is based upon the changes in a specified index . The frequency of change is usually every 6 months or every year but differs from loan program to loan program. Adjustment Date: The date that the interest [...]
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DIVISION HEADQUARTERS
800-955-8508
410-628-0500
410-628-6169
50 Scott Adam Road, Second Floor
Hunt Valley, Maryland 21030
YORK, PA OFFICE
717-855-2833
2930 Carol Road, Suite 2
York, Pennsylvania 17402
LAUREL, DE OFFICE
302-536-2645
116 E Front Street, Suite B
Laurel, Delaware 19956
POLICIES & DISCLOSURE
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© Freedmont Mortgage. All Rights Reserved. |
This website is for informational purposes only. The information contained herein can change at any time, and there is no representation to the accuracy contained herein. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Freedmont Mortgage Group is not a Financial Advisor, Tax Consultant or Credit Repair Company. Please make sure to consult your own Financial Advisor, Tax Consultant or Credit Repair Company regarding your specific financial situation. Veterans Affairs loans require a funding fee, which is based on various loan characteristics. VA 580 FICO – Purchases only, must have Automatic Underwriting System (AUS) approval. No cash-out under 600. On a USDA Loan 100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included. On FHA loans, LTV’s of up to 96.5% for FHA loans. FHA 580 FICO – Credit score below 600 requires Automatic Underwriting System (AUS) approval. Fixed rate loans only. W2 transcript option not permitted. APR describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate. The APR allows a borrower to compare costs of credit because it factors in term, interest rate and fees associated with the loan. This should also be on all advertisements that reference the APR. It has been added to the disclaimer cheat sheet. Adjustable rate mortgages (ARMs) are home loans with a rate that varies. Your interest rate and monthly principal and interest (P&I) payments will remain the same for a defined initial period, then adjust annually when that initial period is over. During the adjustable period, there will be an interest rate cap that sets a limit on how high your interest rate can go. This product is primarily for a borrower with good credit (min 680 FICO) but a low Loan-To-Value (95% max). Debt-to-income ratios apply. Investment condominiums not allowed. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Testimonials appearing on this advertisement are individual experiences of those who have used our services. Freedmont Mortgage Group does not provide incentives for testimonials or reviews. Freedmont Mortgage Group is a Division of NFM, Inc. NMLS 2893. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution.
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This website is for informational purposes only. The information contained herein can change at any time, and there is no representation to the accuracy contained herein. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Freedmont Mortgage Group is not a Financial Advisor, Tax Consultant or Credit Repair Company. Please make sure to consult your own Financial Advisor, Tax Consultant or Credit Repair Company regarding your specific financial situation. Veterans Affairs loans require a funding fee, which is based on various loan characteristics. VA 580 FICO – Purchases only, must have Automatic Underwriting System (AUS) approval. No cash-out under 600. On a USDA Loan 100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included. On FHA loans, LTV’s of up to 96.5% for FHA loans. FHA 580 FICO – Credit score below 600 requires Automatic Underwriting System (AUS) approval. Fixed rate loans only. W2 transcript option not permitted. APR describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate. The APR allows a borrower to compare costs of credit because it factors in term, interest rate and fees associated with the loan. This should also be on all advertisements that reference the APR. It has been added to the disclaimer cheat sheet. Adjustable rate mortgages (ARMs) are home loans with a rate that varies. Your interest rate and monthly principal and interest (P&I) payments will remain the same for a defined initial period, then adjust annually when that initial period is over. During the adjustable period, there will be an interest rate cap that sets a limit on how high your interest rate can go. This product is primarily for a borrower with good credit (min 680 FICO) but a low Loan-To-Value (95% max). Debt-to-income ratios apply. Investment condominiums not allowed. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Testimonials appearing on this advertisement are individual experiences of those who have used our services. Freedmont Mortgage Group does not provide incentives for testimonials or reviews. Freedmont Mortgage Group is a Division of NFM, Inc. NMLS 2893. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution.