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Phone: 301-704-6964

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property values

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lenn harley
Lenn Harley,
Maryland and Virginia

Phone: 301-704-6964

Selecting a Mortgage Lender

Selecting a Mortgage Lender to Finance the Purchase of a Home in Maryland or Virginia. does not own an interest in any mortgage company, title company, termite company or inspection company. We do make recommendations for service providers because our agents work with many buyer, sellers, lenders and other service providers year after year. We do make recommendations for lenders, inspectors, etc. when we know that the vendor provides good service, good rates, and our buyers are treated with respect and the lender or inspector does a good job.

If you would like a referral to a local lender, contact me at

Telephone 800-711-7988

We'll be glad to make referral to a trusted local lender. When you are trying to buy a home in the Maryland or Northern Virginia real estate market, your contract will be in competition with many other contracts. Having a pre-qualification letter from a local lender will enhance your ability to compete for the house you wish to buy.

Further, the lenders we recommend will have competitive rates and low lender fees. Many lenders will offer a low starting interest rate but more than make up for the interest rate with very high lender fees, known as "junk fees". Home buyers are often unaware of the high lender fees until they get to the settlement table and see the fees on the
settlement sheet.


Your agent will gladly review the Good Faith Estimate to explain the fees and charges to you. You compare and make your decision.


Why First Time Home Buyers Buy Their First Home
Many home buyers live in apartments for years before buying their first home. They often are saving for the down payment and believe that a high down payment is necessary to obtain a mortgage loan in Maryland or Virginia real estate. Not so. Homes can be financed with less than the traditional
20% down with loans that have 10% down, 5% down, 0 down. Home buyers may even obtain loans that are 103% of the purchase price or 107% of the purchase price. This permits the home buyer to finance their closing costs which are going to be approximately 4% of the purchase price.

Owning A Home Is A Good Investment
Over the years, a home has shown to be the best investment made by Americans. Even if appreciation only accrues at the rate of the increased cost of living, on a $250,000 home, at an inflation rate of 3%, the home would appreciate $7,500 in the first year. Over 5-10 years, real estate out performed the stock market and real estate (1) can be leveraged and (2) it is a home and the mortgage payments also provide shelter.