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What is an Extended Rate Lock? An extended rate lock is a mortgage loan option that allows home purchasers to “lock” in today’s interest rate and guard themselves from the added cost of rising rates before they settle on their new home. A lower interest rate translates into a lower monthly payment, making extended rate […]

Buying a home can be a daunting task but buying in a different state can bring a higher level of stress and more of the unknown. We have compiled a list of tips and tricks to help make your buying and moving processes as seamless as possible. Make Sure You Do Your Research on Real […]

What is an ARM Loan? When securing home financing, some borrowers wonder whether to choose a fixed-rate or an adjustable-rate mortgage (ARM). An ARM is a home loan with an interest rate that adjusts over time to reflect market conditions. With hybrid ARMs, borrowers may access a below-market rate for a fixed term (normally 3-10 […]

Selling your home may be something you’ve been considering for a while or maybe an event has occurred that has prompted you to sell. Either way, listing your home is a big decision and if you’re wondering if now is a good time, take a look at these signs and decide for yourself. It’s a […]

Have you noticed an increase in your homeowner’s insurance premiums lately—maybe significantly? If so, you are not alone. There are a number of factors that impact how high or low insurance premiums are, and there are several currently at play which have contributed to a recent rise for many homeowners. What Drives the Increase in […]

The potential for appreciation is an important factor to consider when choosing a home to purchase. Appreciation is when the value of your home increases over time. There are many factors that contribute to home value appreciation; some of them are out of your control, but there are some that you can control or predict […]

House flipping is when someone buys a home, usually for “cheap,” with the express purpose of remodeling to increase its value and sell it for a profit. As shown by the nearly countless television shows made about flipping, the final result can be very impressive, but is buying and living in a home that has […]

Baltimore, MD — Scotsman Guide has released its annual Top Overall Lenders ranking for 2022. We are pleased to announce that out of 100 top lenders on the list, First Home Mortgage Corporation is ranked 46th nationally by total volume. This is the eighth consecutive year First Home Mortgage has made the Top Overall Lenders […]

Creating a game room right in your own home is a great way to make the most of your space and create a fun atmosphere for making memories with family and friends. With a little forethought and planning, almost any space can become your ideal game room! Follow our tips below to get started.   Decide […]

Whether you’re buying, selling, or refinancing a property for the first time or fifth, you’re going to be balancing lots of information, paperwork, communications, and transactions. It can be easy to get overwhelmed, and unfortunately, there are individuals out there who may try to take advantage of you during real estate transactions. Below are five […]

Celebrating and preserving the Earth starts right in your own home! In honor of Earth Day, First Home Mortgage is sharing some of our favorite habitat-healthy habits.   Install a Rain Barrel  Rain barrels are an easy and inexpensive way to store natural rainwater, which can be used to water your garden, lawn, and even indoor […]

Homeowners’ associations, or HOAs, are organizations consisting of a governing board of resident volunteers who create and enforce rules for a subdivision or planned unit development. If you buy a property within a community with an HOA, you are required to be a member which will happen automatically upon your purchasing the home. There are […]