Find out how much home you can afford right NOW!

Know exactly what you can afford before you start searching for a home.

Michael Demchak Let me help you through the process

Mike_D_HS (002)

Phone: (413) 200-3924

Cell: (410) 303-2190

Email: mdemchak@polarishomeloansllc.com

NMLS: 389845  View Licensed States 

Hi, I'm Michael Demchak, a licensed loan officer, and regional sales manager of the Maryland Center of Polaris Home Loans, LLC.

This is my personal Loan Officer Landing Page, where you can find out a little bit more about me and how I can potentially help you with your home loan needs.

If you choose to work with me, you'll get industry knowledge and exceptional personalized service. I previously worked in home improvement, where I fostered a deep appreciation for helping others build and accomplish dreams centered on the idea of home. Now I specialize in helping all kinds of borrowers to optimize their mortgage programs. With the extensive industry know-how and a deep portfolio of product options, my team and I are set up to help you achieve your financial ambitions. Let's connect today and begin discussing how we can help you!

A little about me to help you get a sense of who I am.  I was born and raised in Baltimore, MD, and studied business in Annapolis, MD.  I now reside in Hunt Valley, MD, with my wife, Colleen.

When I am not busy saving people money on their mortgages, I like to cook and travel.

One thing I appreciate about my role as a loan officer is the opportunity to take an intimidating process and transform it into an exciting opportunity.  By educating my clients and supporting their needs, I work to establish lasting relationships based on trust and integrity.  Contact me today, and let's start the process!

Home Refinance Loans without the Hassle!

Need refinancing options on a home, or other real estate? Choosing a refinance product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.

We’re here to make the home refinance process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a FREE refinance analysis request. 

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether this is your first refinance or 7th.

The Home Refinance Process

Here’s how our home refinance process works:

  • Complete our simple home refinance analysis request.
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs

Why Refinance?

Refinancing is the process of paying off your existing mortgage with a new mortgage. Typically, you refinance your mortgage to reduce your interest rate and monthly payment or change the length (or term) of your mortgage. You may also refinance to take cash out from your home’s equity.

  • Fixed Rates
  • Adjustable Rate Mortgage (ARM)
  • Conforming Loans
  • Jumbo & Super Jumbo Loans
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years
  • Find out if you qualify to eliminate PMI (Private Mortgage Insurance)?

Mortgage Home Purchase Loans without the Hassle!

Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a FREE pre-approval letter request.

We'll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether you're a first-time homebuyer or a seasoned investor.

The Home Purchase Loan Process

Here's how our home purchase loan process works:

  • Complete our simple mortgage pre-approval letter request
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs

 

Do I qualify to buy a home?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of "43/49." This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment). VA and FHA loans even allow for higher debt ratios on a case-by-case basis.

  • Fixed Rates
  • Adjustable Rate Mortgage (ARM)
  • Conforming Loans
  • Jumbo & Super Jumbo Loans
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years
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