Choice Real Estate®'s Blog: All Categories

The below listed properties are close to a METRO station in Montgomery County, Maryland. 
These below links show all active listings for sale and rent in the MRIS as of today.  This is a keyword search, and sometimes you will also see homes listed from other areas. 

Whenever you check back you will be updated with the latest listings, as this info is updated daily. 
 

RED LINE IN MONTGOMERY COUNTY, MARYLAND:

walk to Shady Grove metro

walk to Rockville metro

walk to Twinbrook metro

walk to White Flint metro

walk to Grosvenor metro

walk to Bethesda metro

RED LINE CONTINUED DOWN THROUGH D.C., AND BACK NORTH INTO EASTERN MONTGOMERY COUNTY:

walk to Silver Spring metro

walk to Forest Glen metro

walk to Wheaton metro

walk to Glenmont metro

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Anne Arundel county govt. phone# 410-222-1144

Recordation Tax              $7.00       per thousand
Transfer Tax                     1.5%       (1% County + .5% State)
Property Tax                     $1.087      per hundred assessed value
                                                              (.955 County + $.132 State)
Property taxes are collected on a semi-annual basis.  Each county has it's own fees for what it charges on a Maryland home purchase for state recordation and county transfer taxes at settlement.  The state transfer tax is always the same.  The buyer is exempt from the state transfer tax if they are a first time homebuyer in the state of Maryland. 

If refinancing, you will be charged the state recordation tax on any new…

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Maryland's new high cost test has gone into effect. 
The max APR spread will be reduced to 1.5%. This means that the APR on the new loan cannot exceed the prime offer rate by more than 1.5%. 

The prime offer rate can be found at the below link as well as the calculator Maryland uses to calculate the spread.
You can plug your APR into the link below to determine whether it will be in compliance with Maryland's new law. If it tells you your spread is > 1.5%, then that APR will be out of compliance.  http://www.ffiec.gov/ratespread/newcalc.aspx Read Full Post

Half mile from the metro, this project is building where Good Counsel used to be and the scope of it extends from Georgia Avenue and west down the slight slope to Amherst Avenue.  Amherst dead ends into Arcola Ave on one side and University Blvd on the other.

Watch 3 part video tour of this new project at Leesborough Circle in Wheaton

You can find all currently active Wheaton listings for sale here

Quick stats:
-2 level condos w/one car garage & 3 story townhomes w/attached garage
-1/2 mile from Wheaton Metro station
-condo fee about $120 a month
-property taxes about $322 a month
-$70 monthly association fee

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11219 Midvale Road
Kensington, Maryland  20895
MC6890915

The Large Backyard Offers Room To Relax And Plenty Of Room For The Kids To Play.
Bright Kitchen Offers Solid Surface Countertops, New Oak Cabinets And Beautiful Flooring!

Call Fernando Herboso of Choice Real Estate
240-426-5754
or complete our contact form

Kensington single family homes currently on the market  |  Low down payment financing

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Things are bad but not that bad. 
Did you know that the Federal Government could buy every mortgage backed security in existence for $2 trillion? 
Did you know the Government could buy every foreclosed mortgage for $200 billion? (1 million homes in foreclosure * $200,000 average sale price=  $200 billion)
Lets keep the above numbers in mind as we gain a perspective on the current situation.

Fact 1
The Government, Fed and the FDIC are trying to cope with the virtual disolution of the financial intermediary markets.  These are the markets that package and sell securities, Treasuries, Certificates of Deposits, home mortgages and commercial paper.   The large banks, investment houses and Freddie Mac and Fannie Mae used to handle this.  They are all…

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100% financing program is available if you are looking to buy or refinance a single family home in a rural area designated by the USDA.  You would be surprised at some of the areas that are designated "rural" for the sake of this program.  See below link for these areas AND to enter your property address to see if eligible.

With the limited resource of available programs right now, especially no money down.. this is huge, and it's a great loan.

Some key features of this program include:
-  No private mortgage insurance (pmi).  This is huge!
Also, VA loans have a funding fee, and this program has a Guaranteed Fee that can also be financed into the loan.
- 6% seller help/credit is allowed
- No minimum contribution from your own funds.  FHA has a 3.5%…

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This is something new I just noticed today.  Is anyone familiar with this?  Do you know how it may affect google results?

I typed in "Real Estate" in my google search.  REW came up on the FIRST page at the bottom. 
I clicked the up arrow which moved the result to the top of the page. 
It reads under the result, "You are the first person to pick this result".  
There's also a comment icon to click which reads "Type your comment here", and "Make a public comment".

This is fascinating that we can share comments about sites publicly.  If you know more about this feature and how we can help eachother, especially within the REW community, please share your comments!

thanks

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