Let’s face it; of everything on your to-do list, spring cleaning probably isn’t the most exciting. But with warmer temperatures and a new year ahead of you, spring is a great opportunity to clean up, organize, and refresh your home. Use these spring cleaning tips to get your home looking its best.

Surface Cleaning

Exterior Cleaning


Spring cleaning might seem overwhelming, but it doesn’t have to be. Take on one project at a time and recruit friends or family members to help you out. We promise it will be worth it once all is said and done!

If you’re thinking about including home renovations in your spring cleaning project, contact one of our licensed Mortgage Loan Originators. If your spring cleaning involves starting fresh in a new home, click here to get started!

This blog was originally published in April 2015 and has been updated to reflect current trends.

When starting the homebuying process as an individual buyer, there are some unique aspects you’ll face that don’t require as much attention from co-borrowers. While it might seem intimidating, all you need to do is spend a little extra time preparing. These 5 tips for single home buyers will lead to a smooth homebuying experience.

1. Affordability: When buying a home with a co-borrower, there’s usually two sources of income to cover a down payment, mortgage, and other bills. As a single buyer, you must be able to cover costs on your own. Take into consideration every possible expense—maintenance fees, HOAs, utilities, an emergency fund—when deciding on a budget. It’s important to make sure you’ll be comfortable in affording the home you choose. Consider saving more money than if you were to buy a home with a co-borrower. Doing so will provide peace of mind in knowing you can afford your home. For ideas on how to save money for a down payment, click here.

2. Maintenance: While you need to factor fees into your budget, maintenance might require more attention than expected. As the sole homeowner, you’ll be the one to take care of your home. Be confident in knowing you can maintain the home you choose.

3. Safety: Picking a neighborhood is just as important as picking a home. Your home should leave you feeling completely safe and secure, so be sure you choose a neighborhood or community that lets you be completely at ease. For more information about choosing a neighborhood, click here.

4. Choosing a Home: You don’t have to go through the home purchasing process on your own. Single buyers, especially first-time buyers, might feel overwhelmed or have skewed judgement from excitement. Take a family member or trusted friend along when house hunting for a second opinion or to be a voice of reason. They only want what is best for you, so they’ll make sure the home you buy is perfect for you.

5. Thinking ahead: Buying a home is best as a long-term investment, but keep an eye on what your future may hold. Down the road you could find a partner, or your job might need you to relocate. The resale value of the property might be something you should seriously consider. Just because it’s only you right now doesn’t mean the addition of a partner or child is out of the question. It could be worth it to think about going bigger now, even if it is just a spare room. The extra space could come in handy—but only if the addition fits comfortably within your set budget.

The bottom line is simply to do your homework. Thoroughly research what you can afford that leaves you some wiggle room. Talk to your family and friends about their experiences with homeownership, especially if they did so on their own. Realtors are also there to provide information, give their advice, and to answer questions you may have.

For more information on the home purchasing process, click here, or you can contact one of our licensed Mortgage Loan Originators with any questions.

If you are looking to buy a home, the process may seem overwhelming. Planning well in advance can save you time, money, and stress. Whether you’re ready to start preparing or just wondering about the home buying process, we’ve created a list of important steps to lead to a smooth home purchase:

18 months before your home purchase

12 months before your home purchase

6 months before your home purchase

3 months before your home purchase

The home buying process can be long and daunting, but adequate preparation truly is the key to your new home. If you have any questions about the home buying process, contact one of our licensed Mortgage Loan Originators. If you are ready to begin the home buying process, click here to get started!

* NFM Lending is not affiliated with any real estate companies. You are entitled to shop around for the best lender/real estate company for you.

** NFM Lending is not a Financial Advisor or Tax Consultant. Please make sure to consult your own Financial Advisor or Tax Consultant regarding the use of your personal tax refund.

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 may be possible to obtain a lower interest rate by refinancing your current mortgage loan.* A lower interest rate means that your monthly mortgage payments would be lower. This could save you money monthly or you could make payments directly to the principal of your loan, allowing you to build your home equity quicker and reducing your interest. A lower interest rate is the most popular reason that homeowners choose to refinance.

Cash Out Your Home Equity

You can take advantage of the equity you have built in your home with a cash-out refinance. To take advantage of this, you would refinance your current mortgage for more than the amount you owe, and keep the extra money. For example, if you owe $150,000 on a home worth $250,000, you have $100,000 worth of equity in your home. You could refinance your home for $175,000, and receive a check for the $25,000 difference. You could use this money for home improvements and remodeling, or any other household needs you may have.

Change Your Loan Type or Term

Another refinancing option is to shorten your loan term, so you pay your home off in less time. For example, you might switch from a 30-year loan to a 20-year loan. This would allow you to build equity faster, and pay off your loan in less time, with the same (or marginally higher) monthly payments. If you have an adjustable-rate or interest-only loan, you may be able to refinance to a fixed-rate loan product that may save you money over the life of your loan, and may allow you to build equity.

Whether you want to lower your monthly payment, build equity, or get cash for projects, refinancing can be a step towards meeting your financial goals. To find out if refinancing is right for you, talk to one of our licensed Mortgage Loan Originators today!

*Refinancing an existing loan may result in the total finance charges being higher over the life of the loan.

Preparing to purchase a home is an exciting time. It is also one of the most important financial decisions you will make in your life. So, as you prepare to take this step, it’s important to do as much research as possible. These tips and strategies will help you ensure a smooth, successful home buying experience.

The home buying process can be stressful, but it should also be enjoyable. By being prepared, and having the right professionals at your side, you can find your dream home, and make this an experience to remember. If you are ready to get started on the path to home ownership, talk to one of our licensed mortgage loan originators today.

LINTHICUM, MD, March 16, 2015 — NFM Lending is excited to announce it will be sponsoring a free Lunch and Learn seminar titled “Better Homes for a Better Community.” The seminar will be held on Saturday, April 11, 2015, at Windsor Park Children’s School located at 2601 North Rolling Road, Windsor Mill, MD 21244, from 10:30 a.m. to 1:00 p.m. Refreshments will be provided, and attendance will be on a first-come, first-served basis.

The seminar, co-sponsored with Phi Beta Sigma Fraternity, Inc., is intended to educate Baltimore City and County residents on topics such as:

NFM Lending’s General Counsel, LaTasha Rowe, and Mortgage Loan Originator, Jeremy Poling (NMLS #726269), will be speaking at this event and answering any questions the attendees may have.

For more information about the seminar, please contact:

Derek Mitchell
Director of Bigger and Better Business, Phi Beta Sigma Fraternity, Inc.
Staff Accountant, NFM Lending
Phone: 410-588-6211

About NFM Lending

NFM Lending (formerly NFM, Inc.) is a mortgage lending company currently licensed in 28 states across the U.S. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender.”

About Phi Beta Sigma Fraternity, Inc.

Phi Beta Sigma Fraternity, Inc. was founded at Howard University in Washington, D.C., on January 9, 1914, by three young African-American male students. The Founders, Honorable A. Langston Taylor, Honorable Leonard F. Morse, and Honorable Charles I. Brown, wanted to organize a Greek letter fraternity that would truly exemplify the ideals of brotherhood, scholarship, and service.


For online press release, click here.

Some interesting news broke last Thursday. President Barack Obama announced plans for the FHA (Federal Housing Administration) to take steps to reduce the annual insurance premium for new borrowers. This will potentially drastically change the way upcoming years of home buying looks like. The plan is estimated to be enacted on January 26th, 2015. This is one way in which the White House is attempting to establish a firm footing in the area of housing (in response to the housing crisis).

With the new reduction plan, one can expect the following:


Housing and Urban Development Secretary Julián Castro stated the following in regard to the policy adjustment:

“This action will make homeownership more affordable for over 2 million Americans in the next three years. By bringing our premiums down, we’re helping folks lift themselves up so they can open new doors of opportunity and strengthen their financial futures.”

It shall be interesting to see where this decision takes the housing industry in the upcoming years. Most certainly, it will make a change in the dynamics of the process and hopefully make buying a home easier.

Read the official White House press release regarding this matter here.

If you are looking to purchase a home or are looking for more information on these FHA changes, click here to contact one of our Licensed Mortgage Loan Originators today.