31 Years of Excellence
Creative Mortgage
Solutions for Your
Financial Future
For more than three decades I have been helping clients navigate complex lending situations, uncover better options, and secure home financing with confidence. As an independent mortgage broker, I design solutions around YOU, not a bank's checklist.
New Home Purchase
Navigating your first home purchase or upgrading to your dream residence requires a partner who understands the local landscape. I provide tailored loan program options to fit your life goals with a heavy focus on both short term and long term costs.
Loan Programs Crafted for Your Future
Serving Maryland and Florida
With 31 years of market expertise, I specialize in complex loan structures that traditional or less experienced lenders often overlook. My creative approach ensures your unique financial situation is treated with the innovation it deserves.
Refinancing Strategies
I believe there should be a heavy focus on the costs of a refinance, not just the interest rate reduction. True interest savings are only realized after closing costs have been recovered. I specialize in loans with very little or no closing cost to the borrower through use of lender credits.
"Steve at Chesapeake Mortgage has been absolutely incredible. His patience, knowledge and perseverance just put him above anyone else. I seriously felt like I had an uncle walking me throughout the entire home buying process, and then more recently the refinance process. I will choose Steve Fogle for years to come and will gladly refer him to friends and family!
I am forever grateful!
Kristen W. - laurel, md
"My wife and I first worked with Steve in 1996 on the purchase of our home, which went very smoothly. We have refinanced twice with Steve, each time without paying closing costs, and are currently at an interest rate of 2.75%. We are very thankful that Steve kept an eye on the market for us and advised us when a refinance made sense."
richard s. - pasadena, md
Steve made the purchase of our dream second home an incredibly easy transaction iwth costs runnin far below other estimates. We do not hesiatate to refer him to friends and family for their mortae financing needs.
James and jill s. - cocoa beach, fl
Steve Fogle has been my exclusive mortgage broker for over 21 years, which includes 15 complex mortgages, a dozen different properties, and a lifetime of valued consultation. He projects a "can-do" professionalism that is rare to the industry and his achievements continually astound me. Steve is strategic and offers his clients options that would never be provided through conventional bank loans. His expertise, tenacity, and keen navigation skills make him the best in the business. Words cannot express my gratitude for his masterful service throughout the years. I would never trust another soul to handle my loan business... a million thanks to Steve!
MEG D. - woodbine, md
Frequently Asked Questions
Why deal with a mortgage broker rather than going directly to a bank?
When looking to buy a home, how do I know how much house I can afford?
1. More Loan Options / Better Pricing
2. More Flexibility with Imperfect Situations
3. Personalized Local Guidance / Not Foreign Call Center
4. Faster, More Efficient Approvals
5. Usually Lower Fees
6. Long Term Relationship
The best way to determine your budget is through a pre-approval process. I analyze your credit, income, and assets to provide a clear picture of your borrowing capacity, expected monthly payments and how best to structure an offer. If it is your first home purchase I will be happy to educate you on the entire process in conjunction with recommending a short and free homebuyer course.
Will I pay more dealing with a mortgage broker?
How are you able to offer refinance loans with no closing costs?
Many consumers have the misperception that you will get a better "deal" on a mortgage loan to go directly to your bank. The reason that this has not been traditionally true is that retail ( directly to bank ) pricing is marked up to cover bank and branch costs, while wholesale ( broker ) pricing allows lenders to offer mortgage loans with less operational costs that are brought to them by an independent broker.
Simple! I just structure the loan pricing / rate selection so that there is an accompanying lender credit that can cover some or all closing costs.
Do you offer any special programs for first time home buyers and / or government assistance?
When does a refinance make sense for me?
Specialy programs come and go from the marketplace often and I always keep a close eye on what is avaiable for my clients.
Every situation is certainly diferent.
If you have other consumer debt at higher interest rates and available equity in your home, a debt consolidation refinance may be ideal.
If you have need for cash for home improvement projects, funding college for your children, or other uses, a cash-out refinance may be worth considering.
If you are just looking to lower the interest rate on your current mortgage(s), I like to recomend comparing the interest savings to any costs that might be associated with the transaction to see how long it will take to recover those costs. Keep in mind, I have also always been a big fan of structuring refinance loans with very little or no closing costs so that the true savings start on day 1 with the new loan.
What if my credit is less than perfect?
No problem. In most cases I will be able to offer, AT NO CHARGE, both a credit check and a credit analysis to outline exactly what actions would be needed to bring your credit scores up to a more advantageous level.
What is private mortgage insurance (PMI)?
PMI is typically required if your down payment is less than 20% of the home's value. It protects the lender in case of default and allows borrowers with smaller down payments to obtain financing. There are programs available where the lender may pay the PMI on your behalf.