Gold Star Mortgage Financial Group Owings Mills

Gold Star Mortgage Financial Group Owings Mills Gold Star Mortgage Financial Group is one of the most respected and fastest growing mortgage lenders across the nation.

That success has been created by providing superior customer service with employees that truly care about customer satisfaction.

Thinking about investing and not sure where to start? Are you already a seasoned investor looking to expand your portfol...
03/06/2023

Thinking about investing and not sure where to start? Are you already a seasoned investor looking to expand your portfolio? Looking to start a business and own your building? Already a business owner looking to update/upgrade / expand your building? Looking to become a developer or expanding your current development project? Join us Sunday March 12th at the World Trade Center 3-6 pm For the Biggest Investor Event of the Year. Click the link in my Bio to register for this Event. You don’t want to miss this Event! Call a friend , tag a friend, share with a friend!!This event is free must register to attend. https://www.eventbrite.com/e/the-biggest-investor-symposium-of-the-year-tickets-567118736407

06/03/2018

: Nearly one out of every three (29.3%) of homeowners are mortgage-free, which means that 71% still have mortgages. That’s very high historically, as only 45% of homeowners had mortgages in 1960 and only 62% were paying a mortgage every month as of 1990.

06/02/2018

: While it may not seem like the U.S. government is involved in the mortgage market, they play a huge role, directly and indirectly. Consider that 1 out of every 4 new residential mortgage loans is insured by the government and that our government buys 1 of every 6 residential mortgage loans, and they either own or insure 3 of every 5 mortgage loans in the U.S.

06/01/2018

: While most loans are amortized (scheduled to pay off) over 30 years, you can clip a lot of time off the end of your loan by paying a little extra each month – saving you a boatload of cash in the long run! In fact, for the average $300,000 mortgage loan, paying just $100 extra each month will help you pay it off 5 years earlier, saving roughly $60,000 or more in interest. Doubling that to $200 extra will allow you to pay it off in about 21 years and 6 months and save more than $100k, and by paying $500 extra every month, you’ll essentially lop that 30 years in half and save almost $200,000 in interest!

05/31/2018

: Even if your home is well short of that square footage, or you have an older home that is well less than 2,000 square feet in size, you’re still probably well ahead of most people in the world. In super crowded and exorbitantly expensive cities like Hong Kong or Tokyo, the average home (most people live in apartment-like “flats”) is about 400-500 square feet – basically two rooms and a tiny bathroom.

05/30/2018

: It’s no surprise that the size of our homes has increased markedly over the decades. In fact, in the 1950s, the average home was just over 1,100 square feet, while 1,700 square foot houses were the norm in 1980. However, with the housing boom of the early 2000s, home square footage exploded up to well over 2,200 square feet for the average new home, earning the moniker “McMansions.”

05/29/2018

: Just because you can afford an opulent house, it doesn’t mean you need to buy one! That’s the example set by investment mogul and billionaire Warren Buffet. Despite being one of the richest men in the world, Buffet and his family still live in their modest home that he bought in 1958 for $31,500.

05/27/2018

: The oldest house in America is the Henry Whitfield House in Guilford, Connecticut, a stone American Colonial house built in 1639. It’s been a museum since as far back as 1899.

05/26/2018

: We’ve heard plenty of statistics about how bad the mortgage and real estate crash affected the housing industry, but here’s one more to put the crash and Great Recession in perspective: In 2009, there were more foreclosures than there were marriages.

05/25/2018

: While it may seem like saving the down payment necessary to purchase a home is prohibitive, over the last three years, the average homebuyer put only 6% down.

05/24/2018

: People sometimes act like the sky is falling if interest rates nudge a bit higher, but our small and gradual rate increases are nothing compared to other periods in recent history when they were quite volatile. In fact, in 1987, rates jumped from 9.1% to about 11.4%, and in 1994, they spiked from 7.2% to about 9.4%!

05/23/2018

:The average consumer thinks that their score needs to be 652 to buy a home, much higher than the minimum of 620 required for Fannie Mae loans or FHA’s even lower requirements.

Address

300 Redland Court Suite 102
Owings Mills, MD
21117

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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