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From the Bay to the Beach and Everything in between is my motto, so call me for updates on Ocean City, West Ocean City and the surrounding areas.
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Find Out About the Latest Homes for Sale First!
I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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Linda A. Moran is one of The Top
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Feature Homes: Homes, properties, & other real estate in
Ocean City and Ocean Pines and Maryland with virtual tours, photos, and
more |
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Areas outside of Ocean City and Ocean Pines in Worcester County
Single Family and townhomes: Areas outside of Ocean City and Ocean Pines in Worcester County
Single Family and townhomes |
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Bayside Waterfront condos- Ocean City, MD: Bayside Waterfront condos - Ocean City, MD |
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Bayside Block condos -Ocean City, MD: Bayside Block condos - Ocean City, MD |
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Berlin Single Family Homes: Berlin Single Family Homes |
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Berlin Townhomes and Condos: Berlin Townhomes and Condos |
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Lots in Worcester County: Lots in Worcester County |
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Mobile Homes in Ocean City, MD: Mobile Homes in Ocean City, MD |
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Ocean Front Condos - Ocean City MD: Ocean Front Condos-Ocean City MD |
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Ocean View Condos - Ocean City, MD: Ocean View Condos -- Ocean City, MD |
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Ocean Block Condos -Ocean City, MD: Ocean Block Condos -Ocean City, MD |
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Ocean Pines, MD-Waterfront Single Family Homes: Ocean Pines, MD - Waterfront Single Family Homes |
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Ocean Pines, MD - Interior Single Family Homes: Ocean Pines, MD - Interior Single Family Homes |
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Ocean Pines, MD - Golf Course Single Family Homes: Ocean Pines, MD - Golf Course Single Family Homes |
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Ocean Pines, MD - Townhomes & Condos: Ocean Pines, MD - Townhomes & Condos |
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Single Family Homes in Ocean City, MD: Single Family Homes in Ocean City, MD |
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West Ocean City Single Family Waterfront Homes: West Ocean City Single Family Waterfront Homes |
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West Ocean City Single Family Homes on dry lots: West Ocean City Single Family Homes on dry lots |
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West Ocean City Mobile Homes: West Ocean City Mobile Homes |
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West Ocean City Waterfront Townhomes and Condos: West Ocean City Waterfront Townhomes and Condos |
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West Ocean City Townhomes and Condos: West Ocean City Townhomes and Condos |
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West Ocean City Mystic Harbor Manufactured Homes and Modular’s: West Ocean City Mystic Harbor Manufactured Homes and Modular’s |
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West Ocean City - Deer Point: West Ocean City - Deer Point |
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West Ocean City - Ocean Reef: West Ocean City - Ocean Reef |
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West Ocean City Whispering Woods: West Ocean City Whispering Woods |
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Search All Local Listings: For more information click here... |
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National Listings Databases: Homes for sale in
national American USA web site listings databases of properties |
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New Construction: New homes for
sale, new construction and newly built properties and real estate
subdivisions |
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Unique & Luxury Homes: Home buyers, find luxury
homes, real estate, beach front properties, mansions, & acreage/land for
sale on these top national & international listings web
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homes for sale on these international/global real estate web sites from Canada,
Europe, France, Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and
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Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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- NUMBER1EXPERT™ 
