Craig Gough, Mortgage Lender

Home
United States
Waldorf, MD
Craig Gough, Mortgage Lender

Call Directions Website

VP, Bay Capital Mortgage
NMLS # 455861 | NMLS # 39610
Helping Maryland families find home 🏠
Equal Housing Lender

11/03/2026

Reviewing a corrected Closing Disclosure? Comment LOAN and I'll send you a message so we can connect.

A correction does not always restart the three-business-day waiting period. For most covered mortgages, a new waiting period is generally required only when the APR becomes inaccurate, the loan product changes, or a prepayment penalty is added.

Other corrections may still require an updated disclosure. Ask what changed and whether the closing date is affected.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

11/02/2026

Comparing closing-service choices? Comment LOAN and I'll send you a message so we can connect.

Your Loan Estimate separates services you can shop for from services you cannot. Review Section C, read any provider list your lender gives you, compare the same service, and then confirm the selected provider and final charge on your Closing Disclosure.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/31/2026

Trying to understand your mortgage statement? Comment LOAN and I'll send you a message so we can connect.

Start with four lines: the amount due, the due date, fees and charges, and any past-due information that applies. If something does not make sense, use the servicer contact information shown on the statement and keep a record of the conversation.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/30/2026

Comparing mortgage lenders? Comment LOAN and I'll send you a message so we can connect.

The CFPB says multiple mortgage credit checks made within a focused 45-day window are generally recorded as one inquiry on your credit report. Scoring models can handle inquiries differently, so keep the window tight and compare the same kind of loan. Review the terms, fees, and service, not only one number.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender
Generated with AI.

10/29/2026

Have a mortgage-servicing question? Comment LOAN and I'll send you a message so we can connect.

If you believe your servicer made an error, a written notice may give you added protections. Identify the exact issue, include the account information requested by CFPB guidance, and use the address the servicer designates for errors or information requests. Keep copies and continue making scheduled payments while you wait for the response.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/27/2026

Have a mortgage question you want to review with me? Comment LOAN and I'll send you a message so we can connect.

A rate lock is not a promise that nothing changes. It is a promise with conditions, and the conditions are where people get surprised.

A lock holds your rate as long as you close inside the window and nothing changes on your application. Locks usually run 30, 45, or 60 days, sometimes longer.

Here is the part buyers miss. Your rate can still move inside a lock. Change the loan or the down payment, and it can move. Your credit changes because you opened something new or missed a payment, and it can move. The appraisal comes in different than expected, or the lender cannot document overtime or bonus income, and it can move.

So ask before you lock. Ask what the window is, what a longer one costs, and what happens if closing slips.

Educational content only. Not a commitment to lend. Generated with AI.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/26/2026

Have a mortgage question you want to review with me? Comment LOAN and I'll send you a message so we can connect.

The appraisal comes back under your contract price. Before you panic, understand that you still have choices.

Start by getting your copy. Your lender has to send it to you, so ask if it has not shown up. Read it before anyone asks you to decide anything.

Then take it back to the table. A lower appraised value is real evidence the price sat above the market, and that evidence is often what moves a seller.

If something in the report looks wrong, say so. Lenders have a process for reconsidering a value. A wrong room count, a detail the report missed, or sales used that do not really compare to your home are all worth raising.

And if you are thinking about walking away, read your contract first. Cancelling can carry a cost depending on the terms you signed, and a contract question belongs with an attorney.

Thirty-five years in Maryland and I can tell you this one rarely ends the way buyers assume on day one. Bring it to me before you decide.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/24/2026

Have a mortgage question you want to review with me? Comment LOAN and I'll send you a message so we can connect.

Here is something that surprises a lot of Maryland buyers. Getting a Loan Estimate does not put your file in motion. You have to tell the lender you want to move forward with that loan. Quiet is not consent, and a lender cannot treat it that way.

There is a clock on it too. The lender only has to honor the terms on that Estimate for 10 business days. Wait longer and they can revise the costs and send you a new one.

So compare your offers, pick the one you want, then say so out loud. That one sentence is what starts the real work.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/23/2026

Have a mortgage question you want to review with me? Comment LOAN and I'll send you a message so we can connect.

Most buyers lock a rate without asking a single question about it. These are the ones worth asking.

What does it mean if I lock today. What window does this Loan Estimate give me. Is a shorter or longer lock available, and what does it cost. What happens if my closing is delayed and the lock expires. If rates go down after I lock, what then.

None of these are rude questions. Lock policies vary by lender, and your Loan Estimate will tell you whether your rate is locked and for how long, but it will not tell you what an extension costs. You have to ask for that part.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

10/22/2026

Have a mortgage question you want to review with me? Comment LOAN and I'll send you a message so we can connect.

When a closing slips, people think they lost a few days. Sometimes they lost money.

Your rate lock holds your rate only if you close inside its window. Let it run out and you are back at whatever the market is that morning. Extending one is not free either.

Your purchase contract usually has a date in it too. Miss that and you can put the home, and the deposit you already handed over, at risk.

Almost every delay I see traces back to the same thing. Something was requested and it sat for a few days. So send me what I ask for the day I ask for it. That one habit protects your date better than anything else you can do.

Educational content only. Not a commitment to lend.
Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610
Equal Housing Lender

Address

Waldorf, MD
20601

Telephone

+13018707420

Website

https://www.baycapitalmortgage.com/CraigGough.html

Alerts

Be the first to know and let us send you an email when Craig Gough, Mortgage Lender posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.