6 Steps to Purchasing a New Home – Step 6: Closing

Recently, we discussed the fifth step in the home buying process: Processing and Underwriting. Once the clear-to-close (CTC) is issued, your loan moves into the sixth step: Closing. This is the final step in the process before you move into your new home. What Happens at Closing At closing, all the necessary paperwork is presented […]

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Mortgage Application

6 Steps to Purchasing a New Home – Step 4: Apply for the Loan

Recently, we talked about the third step in the home purchase process: finding your home. Once you have found a home you want to buy, the next step is to apply for your home loan. This is the time to assemble and submit all of your financial information and documentation to your lender for evaluation. […]

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NFM Lending participates in another successful Red Shoe Shuffle

NFM Lending sponsored and participated in the 5th annual Red Shoe Shuffle on Sunday, April 10, 2016. The Red Shoe Shuffle is an annual 5k walk or run around downtown Baltimore, benefitting the Ronald McDonald House Charities of Baltimore. This is NFM Lending’s 5th year sponsoring this event. In addition to sponsoring the Shuffle, a […]

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Young family couple trying to get loan

6 Steps to Purchasing a New Home – Step 2: Choose Your Loan Type

Recently, we discussed the first step in the home purchase process: getting pre-qualified. Getting pre-qualified allows you to enter the home buying process prepared, with a budget in mind. Once you’ve been pre-qualified, the second step in the home buying process is to choose your mortgage loan type. Fixed-Rate vs. Adjustable-Rate Mortgage loans are split […]

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Silver house key lying on a contract for house sale

6 Steps to Purchasing a New Home – Step 1: Get Pre-qualified

Buying a home is one of the most significant financial decisions you will make in your life. Each step in the process is important to ensure a smooth transaction. Over the next several weeks, we will explore each step of the home buying process in detail. Experienced NFM Lending Mortgage Loan Originators will share advice […]

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Miniature House and Money.

Choosing a Down Payment Option

If you are in the market for a new home, one of the first things you should consider financially is how much of a down payment you can make. Most home buyers know that the most common mortgage loan (a Conventional loan) requires 20% down payment. This means that if you purchase a home worth […]

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House and increasing arrow

The Benefits of Refinancing

If you are a homeowner, you may have considered refinancing your current mortgage. Refinancing can offer many advantages to help you meet your financial goals. If you are just starting to look into refinancing, or have been thinking about it for a while, here are three benefits that you should consider. Lower Interest Rate It […]

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