November 2012

Found 17 blog entries for November 2012.

Understanding my Dec page

Understanding Your Homeowners Coverage

Your Homeowners Declarations Page is the summary of your coverage. It is received annually and is
unique to what you have selected as to the needs to cover you and/or your home from loss.

The Basics
The Declarations Page makes you aware of the following basics about your policy:
-Name and address of the Primary Insured (If married, you or your spouse)
-Name and address of your agent
-Policy Number
-Policy Effective Date
-Name of Mortgage Company that holds your loan (make sure this is up to date)
-Annual Premium
-Any endorsements you have added to your policy (Flood Insurance for example)

Section I
The basic four categories are:
1. Coverage of your home (dwelling)

1,229 Views, 0 Comments

Co-op Financing

Joe Giampetroni

BB&T Bank
Assistant Vice President
NMLS #415239
301-509-6905 cell
301-590-2381 office

-- Their co-op product goes as high as 90% LTV. In other words, the buyer must put at least 10% down.
-- $0
No monthly mortgage insurance with this co-op product
(If this were a condo building (not a co-op) and financed with an FHA loan, the mortgage insurance would be 1.25% of loan amount/12= $260/month on a $250,000 loan)


Dan Caplan
Monument Bank
7401 Wisconsin Ave.
Suite 400
Bethesda, Md.  20814

Dan is very familiar with the Promenade Towers.  In fact, was Treasurer there at one point.


Leisure World,  Montgomery Mutual;

(1) Bank of America
Bethesda Home Loan Center 301-571-1467

(2) PNC Bank

6,213 Views, 2 Comments

Gaithersburg condos, 100% financing

Below listings are eligible for no down payment.  Ask me for more details to purchase here with $0 down.  Even better, there is no monthly mortgage insurance on your payment.

This page will always display the most recent listings in Timberbrook and the Oaks.  For example's sake, let's say you purchase a condo for $275,000.  Your estimated payment;
$1,355     principal & interest
$330        condo + hoa fee
$308        property taxes
$23          HO-6 insurance (interior)
$0            mortgage insurance (fha would be $286/month)
$2,016     total estimated payment 

Close to Washingtonian Woods. Access to 270.

1,644 Views, 0 Comments

- Windermere homes for sale
The Windermere community is located in Rockville, MD in the heart of Montgomery County between I-270 and Tuckerman Lane.  The aproximately 40 year old community has over 220 four and five-bedroom single family homes sitting on 1/4 acre plus lots.

Over the past year 5 of these homes have sold ranging from $850,000 to over $1.1 million.  Windermere also offers its residents many recreational features within the community which include a swimming pool, tennis courts, basketball courts, club house with party room, and children's playground. All of these facilities are run and maintained by a very strong Windermere Home Owners Association.

Windermere homes in Rockville

Students living in Windermere go to some of Montgomery County's best public schools

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The Fitz condominiums are a short walk to Rockville Town Center.  They are on the other side of 355, just before Rockville Metro station.

Located at 501 Hungerford Drive.  The building is newer, and well maintained.  Has a Pool & exercise room.



6,360 Views, 0 Comments

• The Victoria condos for sale 
This condominium is in a great location and walking distance to downtown Rockville Town Square.  More affordably priced as well.  Located at 24 Courthouse Square.  You're a very easy walk to Regal Theatre, Rockville Metro, and all the restaurants in the newer Town Center around the corner.

Built in 1991 The Victoria is a beautiful residential and commercial high-rise and mid-rise property in the heart of Montgomery County, Maryland's Rockville Town Square.  Rockville is the third largest city in Maryland and is the county seat of Montgomery County.  It occupies 13 square miles and is located 12 miles northwest of Washington D.C. 

The Victoria is made up of both mid-rise and high-rise buildings.  They include 1-3

9,370 Views, 2 Comments

Maryland Homestead Tax Credit Law

Limits the amount of assessment increase on which Maryland Homeowners pay County, and State property taxes every year.  This Credit can have an impact on your Taxes.  Regardless of your home's value or your income.

Even if you have lived in your home for 20 years, an application must be filed by December 31st, 2012.
The application will verify your principal residence;



See if you have filed and were approved here;






--Select your County
--Click "Street Address"



--Enter your street #, and street name.  Do not write "street, court" etc..
--Look at bottom of page & see if your

4,569 Views, 2 Comments