Craig Gough, Mortgage Lender

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

08/25/2026

Comment LOAN and I'll send you the starting point.

A Maryland home that needs work isn't automatically off the table. An eligible renovation mortgage may combine the purchase and qualified improvements in one financing plan.

The property, repairs, contractor documents, estimates, and borrower still have to meet program requirements. The useful first question is whether the financing can be structured around the work before you dismiss the house.

Educational content only. Not a commitment to lend.

Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610 | Equal Housing Lender

Comment LOAN and I'll send you the starting point.Flood zones help classify risk. They don't divide Maryland properties ...
08/23/2026

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Flood zones help classify risk. They don't divide Maryland properties into simple categories of safe and unsafe. Every property has some level of flood risk, and the map is only one part of the question.

Check the current flood zone, ask an insurance professional about coverage and cost, and review the property's history and surroundings early in the process. Insurance requirements and actual property risk are related, but they aren't identical.

Educational content only. Not a commitment to lend.

Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610 | Equal Housing Lender

Comment LOAN and I'll send you the starting point.An adjustable-rate mortgage has more than an opening rate. It also has...
08/22/2026

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An adjustable-rate mortgage has more than an opening rate. It also has an initial adjustment cap, a subsequent adjustment cap, and a lifetime cap.

Before comparing an ARM with a fixed-rate mortgage, ask when the first adjustment can occur, how often later adjustments happen, which index and margin apply, and how far the rate and payment could move under the loan terms.

Educational content only. Not a commitment to lend.

Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610 | Equal Housing Lender

Comment LOAN and I'll send you the starting point.An additional principal payment can reduce the loan balance. It doesn'...
08/21/2026

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An additional principal payment can reduce the loan balance. It doesn't automatically mean the required monthly principal and interest payment will be recalculated.

Some eligible loans may be re-amortized or recast after a substantial principal payment. The loan terms, servicer rules, and any applicable requirements control the outcome, so ask the servicer before assuming the payment will change.

Educational content only. Not a commitment to lend.

Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610 | Equal Housing Lender

08/18/2026

Comment LOAN and I'll send you the starting point.

The choice between a 15-year and 30-year Maryland mortgage isn't about which term sounds more responsible. It's about the required payment, total interest, and the flexibility left in your budget.

A shorter term usually raises the required monthly payment and reduces total interest. A longer term usually lowers the required payment, but may cost more over the full life of the loan.

Educational content only. Not a commitment to lend.

Craig Gough NMLS # 455861 | Bay Capital Mortgage Corporation NMLS # 39610 | Equal Housing Lender

08/16/2026

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Builder incentives are real money right now. But the advertised rate usually requires their preferred lender, and the credit can be baked into the price. The move is simple: compare the total cost with one outside quote before you sign anything. Ten minutes of homework on the biggest purchase of your life.

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

08/15/2026

Comment LOAN and I'll send you the starting point.

National housing headlines can make it sound like every buyer has the upper hand, but real estate is local. Around here, the right home can still move quickly. Get fully underwritten, set a comfortable ceiling, and be ready before you shop. You don't have to chase every house. You need a clear plan when the right one comes along.

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

Comment LOAN and I'll send you the starting point.Your homeowners insurance renews itself quietly inside your escrow eve...
08/14/2026

Comment LOAN and I'll send you the starting point.

Your homeowners insurance renews itself quietly inside your escrow every year. Nationally, it's up 46% since 2021, and 2026 makes five straight years of increases. Maryland's been spared the worst of it, but nobody's spared the renewal letter. One afternoon of shopping can claw back real monthly payment money.

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

Comment LOAN and I'll send you the starting point.At closing you'll see two title insurance policies. The lender's polic...
08/13/2026

Comment LOAN and I'll send you the starting point.

At closing you'll see two title insurance policies. The lender's policy is required and protects the bank. The owner's policy is optional and protects the one person nobody else is protecting: you. It's a one-time premium for as long as you own the home. Old liens, paperwork errors, ownership disputes. Boring until the day it's everything.

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

Comment "LOAN" to reach Craig before your first offer, or start at baycapitalmortgage.com/CraigGough.html.In a market wi...
08/12/2026

Comment "LOAN" to reach Craig before your first offer, or start at baycapitalmortgage.com/CraigGough.html.

In a market with 2.9 months of supply, the winning offer is usually the most certain one, not the biggest one. Fully underwritten approval. A timeline the seller can plan around. An escalation cap you decided on at the kitchen table, not in a panic at 9pm. Win the house, keep your money.

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

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