Maryland / Washington D.C. Mortgages

Job growth is strong in the Maryland and Washington D.C. metro area. The federal government accounts for over a quarter of the employment in Washington D.C. Home price appreciation remains strong, which opens many doors for homeowners interested in a Maryland/Washington D.C. mortgage. Homes that are appreciating at a steady pace build equity faster than homes in other areas of the United States. This equity can strengthen the homeowner's asset portfolio or open alternate doors for a Maryland/Washington D.C. refinance loan to cash out on the equity in the property. In areas where appreciation is strong it is more likely that homeowners can use the equity in their homes to obtain a Maryland/D.C. mortgage to purchase a second home or investment property, pay off debt, or invest or cash out for personal purposes.

New homebuyers should be aware of the rate of appreciation in the area they choose to purchase. New home purchases in Maryland and the D.C. metro area can serve as great investments for the borrower's future. New homebuyers should also note areas of major industry and employment opportunities within the Maryland/D.C. metro area. Economic expansion and employment opportunities will always serve as strong predictors of future appreciation.

Maryland/Washington D.C. refinance loans have increased over the past couple of years, especially in C&D type loans (also known as subprime loans). These are higher risk loans which do not meet Fannie Mae or Freddie Mac guidelines. Subprime loans have doubled along the state's eastern shore, which is a popular vacation area.