Lora Graetzer's (lorasloans) Blog

The State of Maryland grant program (CDA) increase its rates as of 5PM Friday.  The 3% grant went up to 7.50% for the 30 year program.  The others went up accordingly as well.  The rate increases also came across in the FHA/VA and Conventional rates as well.  Customers were shocked to hear of the...

1st TIME BUYER SEMINAR -  Pre-registration is starting NOW for a free seminar to be held at 1st Preference Mortgage Corporation, 9423 Belair Road, Perry Hall, MD  21236 on Thursday, OCTOBER 16, 2008 at 6:30PM. Attendees MUST get prequalified to reserve a seat. Seating is limited so please email o...

We welcome you to tune into the "Underwriter's Corner".  Our company has a weekly radio show on 680WCBM AM Talk Radio every Tuesday evening at 6:10PM till 7:00PM.  There's a link on our website, www.1stpref.com for your convenience.  The host talks about different loan programs, upcoming changes ...

As of October 1, 2008 FHA has increased their mortgage insurance premiums!  For purchases AND full-credit qualifying refinances the new upfront financed insurance premium is 1.75%, and the new monthly premium is:                          Loan Greater than 15 years                 Loan Less than o...

Many buyers wait for spring and tax return dollars to purchase a home.  If you plan on using the FHA program you'd better get ready to have the downpayment to increase from 2.25% to 3.5%.  This change goes into effect as of January 1, 2009.  This could be a significant figure and might delay your...