About Patrick McCarthy, Realtor

I grew up in the Bowie-Crofton area with my 3 other siblings. As the middle child, I have a natural talent for negotiating! I moved to the Annapolis area for several years after I graduated college, and I currently reside in Arnold with my wife, son, and daughter.
5 11, 2019

Closing Costs – What to Anticipate as a Buyer or a Seller

By |2019-11-07T15:09:16-05:00November 5th, 2019|Closing Costs, Financing|

Whether you’re buying or selling a home, you can typically expect to pay at least some amount of money in the form of closing costs. These costs can include the long list of fees for the services that are related to researching the home’s title, finalizing the mortgage, and inspecting and appraising the property. The [...]

15 10, 2019

How Would Another Recession Impact Real Estate?

By |2019-10-17T10:44:04-05:00October 15th, 2019|Advice, Real Estate|

With fears increasing about the possibility of another U.S. recession, many homeowners and investment property owners alike are seeking ways to keep the value of their properties from plummeting like they did in 2008. In August (2019), the Chairman of the Federal Reserve noted the possibility of lowering interest rates. But it was also stated [...]

1 10, 2019

Don’t Leave Money on the Table When You Secure Your Next Home Mortgage

By |2019-10-03T16:47:47-05:00October 1st, 2019|Advice, Financing|

It has been estimated that roughly one-third of home mortgage borrowers unknowingly leave thousands of dollars one the table by not shopping around and comparing rates for the best loan, as well as the added loan acquisition fees. In fact, according to a recent Fannie Mae study, 34% of first-time home purchasers get a quote [...]

17 09, 2019

Home Mortgage Options for U.S. Military Members and Veterans

By |2019-09-19T15:32:32-05:00September 17th, 2019|Advice, Home Buying|

If you’re currently serving in the United States military, or if you are a veteran who served in the past, you have a number of home-buying benefits that are available to you. These include mortgage loan options. For instance, with a Veterans Administration home loan, there are looser credit requirements. So, these loans can be [...]

3 09, 2019

Looking for a Senior Community in Bowie or the Surrounding Area? What You Need to Know Before Your Make a Commitment

By |2019-09-05T11:15:12-05:00September 3rd, 2019|Home Buying|

If you’ve been thinking about downsizing and are focusing on moving to a senior community, there are some things you need to know before you move forward. These include physical, financial, and emotional factors. First and foremost, not all senior communities are apartment or condo-style. In fact, there is a wide range of single-family senior [...]

20 08, 2019

Being Pre-approved vs Pre-qualified for a Mortgage – There IS a Difference

By |2019-08-20T09:52:39-05:00August 20th, 2019|Advice, Financing|

Buying a new home is typically one of the largest purchases anyone makes during their lifetime – and because of that, it will oftentimes require financing (usually a mortgage) from a bank or other lender. Having your financing lined up before you even start looking at potential properties can help you to narrow down the [...]

16 07, 2019

Faced with a Bidding War on Your Dream Home? How to Get the Seller to Pick You – Even If Your Offer is for a Lower Price

By |2019-07-18T12:31:23-05:00July 16th, 2019|Advice, Home Buying|

After searching the area for months, you’ve finally found the perfect home for you. But unfortunately, there is someone else who also feels the very same way, and you’re now on the cusp of an outright bidding war. Now what? While a bidding war is typically a seller’s dream scenario, the reality is that it [...]

2 07, 2019

Think You Can’t Afford to Buy a Home? You May Actually Be in a Better Buying Position than You Realize

By |2019-10-04T14:20:12-05:00July 2nd, 2019|Advice, Home Buying|

Photo by Mark McClure for the Sightline Institute Middle Homes Photo Library. Used with permission, licensed under Creative Commons Attribution 4.0 International License. If you have the itch to convert from a renter to a homeowner, but you’re afraid that you can't afford the monthly costs, you could resort to “house hacking” in order to [...]

18 06, 2019

Finding the Best Mortgage Lender Online

By |2019-06-20T17:03:41-05:00June 18th, 2019|Financing|

For most people, buying a home is the biggest purchase of their life – and it is one that more often than not will require you to borrow at least some amount of the purchase price. Thanks to the Internet, it is now easier to compare interest rates, and even fill out a mortgage loan [...]