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Are you a Gen Zer unsure about your financial responsibility when it comes to buying a home? Are you worried about if you have enough saved for your down payment? Buying a home doesn’t have to be an overwhelming process or a financial drain. How should you prepare? 1. Down Payments Down payments seem to […]

As we prepare to Spring Forward this Sunday, it’s a great time to clean up your home’s curb appeal and bring in a bright, fresh look. The best part is, that you can do it all yourself without breaking your budget! Follow our 7 DIY tips for fantastic results that will have your home spruced […]

For almost two years, First Home Mortgage has offered BurnAlong, a corporate wellness motivation platform, to its employees as a health and wellness resource. At First Home Mortgage, we are committed to offering our employees the best resources to improve their overall health and help them achieve their fitness and wellness goals. Throughout the year, […]

Creating and utilizing a budget is an integral part of everyone’s financial stability and growth. The term “budget” can sometimes get a bad wrap, but it’s not about harsh restrictions. Building a budget just means knowing how much money you have, where it’s at, and where it’s going. If you don’t currently use a budget, […]

If you’re considering purchasing or refinancing a home, it’s a good idea to look at your credit score first. Your credit score will directly impact your interest rate and the loan programs that you qualify for. When it comes to a home loan, improving your score can save you money and give you a larger […]

Depending on your annual income, you may qualify for a mortgage interest credit. In order to receive this credit, you will need a Mortgage Credit Certificate (MCC). The IRS will require the MCC in order to grant the interest credit so be sure to speak with a Loan Officer to find out if you qualify. […]

2019 has come to an end which means tax season is right around the corner. Soon it will be time to prepare your 2019 tax returns and it pays to be ready! Getting prepared early can not only save you time and stress but potentially money.  It’s especially important if you have experienced major changes […]

Home equity is the portion of your home that you’ve paid off — your stake in the property, as opposed to the lender’s. For many homeowners, this is their most valuable asset. And the best part is that it often increases without you having to do anything more than making your regular monthly mortgage payment. […]

Remodeling your home is a wonderful way to make it your own when you first move in, or to update the space as your needs and styles change over time. Since home renovations can be pricey, balancing your budget and wish list can be tricky. Fortunately, there are lots of projects that can make you […]

Loan limits for Fannie Mae and Freddie Mac increase to $510,400 in 2020, an increase from $484,350 in 2019! There has been an update provided by The Federal Housing Finance Agency. The agency has announced the Fannie Mae and Freddie Mac conforming loan limits for mortgages for 2020. Each year, the baseline conforming loan limit […]

Under the Fair Credit Reporting Act, Consumer Credit Reporting Agencies can share lists that contain the information of people who had recent credit inquiries, such as with mortgage applications. Companies, and sometimes individuals, purchase those lists with the intention of soliciting and selling additional credit and loan services, known as “Firm Offers”, to the unsuspecting […]

First Home Mortgage was once again a proud silver sponsor of the Kennedy Krieger Institute’s annual Festival of Trees, for our sixth consecutive year! Our donated tree (pictured), was decorated and named “A Little Sparkle in the Season”. The Festival of Trees was first held in 1990 and has been an annual Baltimore tradition for […]