Cumberland, Maryland (MD) Mortgage Brokers : Home Loans Directory

Cumberland, Maryland (MD) Mortgage Brokers

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Below you will find a list of mortgage resources for Cumberland, Maryland. This list will help find mortage brokers in Cumberland, MD to assist you with your home loan needs.

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Below is a list of Mortgage Brokers - Mortgage Lenders in the Cumberland, MD area.

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American Mortgage & Financial Services

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Timothy Simpson - (P)8004642343 (F)7752496309

po box 838 - Cumberland, Maryland 21502

www.yourmtgloan.com

Important Websites for Cumberland, Maryland

National Association of Mortgage Brokers

Mortgage Bankers Association

Maryland Mortgage Bankers Association

Maryland Commissioner of Financial Regulation

NATIONAL AVERAGES	CURRENT	CHANGE

30 Yr Fixed	5.10%	-0.04%
15 Yr Fixed	4.83%	-0.08%
1 Yr ARM	4.85%	-0.10%
Fed Prime	3.25%	-0.75%
30 Yr Tres	3.07%	0.00%

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Important Information for the Cumberland, Maryland Area

County: Allegany Elevation: 688 ft Timezone: EST

Latittude: 39.65278 Longitude: -78.76278

How many people live in Cumberland (Population)? 21,518

How many homes are in Cumberland (Housing Units)? 11,143

What is the Population Per Square Mile? 2,373

How many Housing Units Per Square Mile? 1,229

How big is Cumberland, MD(Total Area)? 9 Sq M

How much water is in Cumberland (Water Area)? 0 Sq M

How much land is in Cumberland (Land Area)? 9 Sq M

**Informational Purposes Only - If you find incorrect information please email us.

Mortgage Tip #3: Consider a 15 Year Mortgage Over a 30 Year Mortgage

A 15 year mortgage will likely raise your monthly but can save you thousands in interest expense.

Example:

30 year mortgage on $150,000 at 6.5% - Over 30 years you will pay a total of $191,317 in interest.

15 year mortgage on $150,000 at 6.5% - Over 15 years you will pay a total of $85,199 in interest.

As you can see from this example the 15 year mortgage will save you $106,118.

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