When it comes to obtaining a loan from a lender in Baltimore County, there are certain fees that you should be aware of. These fees may include document preparation, origination points, subscription, and processing charges. Not all lenders will charge all of these fees, and in some cases, these charges may be negotiable. It is also important to note that prepaid interest rates for homes purchased at the beginning of the month are usually higher than those purchased at the end of the month.
Over the life of the loan, a few small percentage points can generate hundreds of thousands of dollars in interest payments. The SmartBuy program is an option for those looking to purchase a home in Maryland. Initially only available for homes owned by the state of Maryland, SmartBuy has now expanded to include any home for sale in the state, as long as it meets the MMP requirements, and is only offered through participating lenders. The Baltimore County Federal Employee Credit Union is not responsible for the information contained on this site.