To find the right mortgage for your financial situation, use our mortgage calculator as a guide to figure out your estimated monthly payments, interest and principal rates, and the length of the mortgage.
Generally, a mortgage payment consists of PITI: Principal, Interest, Taxes, and Insurance. Principal is the monthly payback of the loan amount; Interest is the monthly payment of the cost to borrow the principal amount; Taxes consist of Real Estate taxes, which is paid to a local government agency; and Insurance deals with Homeowners insurance and any mortgage insurance (paid to protect the mortgage company). Buyers should also be aware that there are many types of mortgages, two of the most popular mortgages are: fixed and adjustable. Fixed mortgages have fixed interest rates and terms (e.g., 15 or 30 years). Principal payment and interest won't change during the term, and both the interest rate and term are determined at the beginning of the mortgage. Adjustable mortgage rates, or ARM, are different from fixed mortgages in that the interest rate will go up or down depending on the current interest rate levels. The same can be said about the monthly principal and interest payments.
30 yr fixed mortgage
15 yr fixed mortgage
30 yr jumbo mortgage
15 yr jumbo mortgage
Rate update: 10-12-2015
Your Local Real Estate Expert Specializing in Lusby, MD
Ryan's introduction to real estate began at a very young age as his mother has been involved in the industry most of her professional life. In fact, he now works as an Associate Broker and Attorney for the family company, Hutchins Property Management, where he is proud to offer clients the utmost in service.
Prior to receiving his Salesperson license in 2008, Ryan received his Bachelor's degree in Business, Organizations and Society from Franklin & Marshall College and his Juris Doctorate from Widener Law. He is a member of the Maryland BAR and is a Seller Representative Specialist (SRS).
While practicing law as a defense attorney at a small general practice in Calvert County, Ryan handled a wide variety of cases, including overseeing title companies and focusing on contract and real estate/property law. Thanks to his law background, he can better inform his clients on what to expect during the home buying or selling process while advising them about certain nuances that other non-attorney agents may not know. Further, he is an experienced negotiator, which translates very well when it comes to your next sale or purchase.
Ryan currently calls Huntingtown, MD home and has resided in Calvert County for 23 years. While in college he played Division III lacrosse and was captain his senior year. He received the Brad Spencer Award for Leadership. Additionally, Ryan has enjoyed recreational scuba diving since he was ten years old and is currently a PADI Rescue Diver.
Get in touch with Ryan today to learn how you can become his next success story. Whether you are ready to purchase your first home or are thinking about listing your current one for top dollar, Ryan Hutchins is here to help.