Give me a call today! 215-416-3391

Blog

HomeBlogPage 11
Post Image

What is an FHA loan?  It is a government insured loan (MIP-Mortgage Insurance Premium), plain and simple.  What is PMI ?  It is Private Mortgage Insurance.  What is the difference?  Well until recently not a whole lot.  As of April 1, 2013 FHA has increased their pricing and on June 3, 2013 FHA is changing their cancellation-of-the-premium […]

Read more

Post Image

Hunt for a House Finding the perfect home can have a lot to do with finding a compatible real estate agent, especially in today’s evolving mortgage landscape.  The person you choose will quarterback the whole process for you.  It’s crucial to be in contact with an agent before starting the home search, because you might […]

Read more

Post Image

……………………………..0 Point             1 Point Conventional 30 Year Fixed                 3.5%               3.375% 15 Year Fixed                 2.75%              2.5% 5/1 ARM                         2.75%              2.25% Government FHA 30 Year Fixed       3.25%             Call for rate VA 30 Year Fixed           3.25%            Call for rate Jumbo 30 Year Fixed                 3.75%             3.625% 15 Tear Fixed                  2.875%          2.75% Call me for more information or to speak with one of my personal Mortgage Loan […]

Read more

Post Image

Home Seller Tip:  Think of your home as a builder’s model home. Remove from sight the obvious visible signs that you actually live there, such as newspapers, mail, bills, toiletries, medicine bottles, slippers, pet food bowls, etc. Home Buyer Tip: Don’t forget to switch utilities. That sounds simple, but you’d be surprised how many people […]

Read more

Post Image

Prepare for Down Payment and Closing Costs A generation ago, it used to be the norm to put 20 percent down, but with the market in its current state of flux, many first-time homebuyers are finding ways to pay just 3 to 5 percent of the total cost upfront. Federal Housing Act (FHA) loans increasingly […]

Read more

Post Image

Home Seller Tip:  Replace any and all burned out light bulbs in fixtures around the home. If there are several lights in one fixture, make sure all the bulbs match. Home Buyer Tip:  Begin the application process by getting prequalified and preapproved from a mortgage lender. Do this first. Your agent will need your mortgage […]

Read more

Post Image

A few final notes… Utilities – Prior to settlment, you will need to have all utilities transferred to you.  If the utilities are already on, it will be YOUR responsibility to call the appropriate offices and give them the necessary information to set up an account in your name.  Do not wait until the last […]

Read more

Post Image

Fix Your Credit The first step toward buying a home takes place months before walking into your lender’s office. It’s crucial to check your credit score at least three to six months ahead of your mortgage application.  You can request a free copy of the report from each of the three credit bureaus (Experian, TransUnion […]

Read more

Post Image

Home Seller Tip:  Be sure to clean ceiling fans, light fixtures and heating/air conditioner vents. Also clean or change heater and air conditioner filters regularly. These are all signs of a well maintained home. Home Buyer Tip:  Make a list of the things you want in a home. List must-have features, would-like features, and features […]

Read more

Post Image

Almost through the process… Certified Funds Needed – A day or so before closing, final figures should be available through the title company to let you know the amount of money you need to bring to closing.  REMEMBER, IT MUST BE CERTIFIED FUNDS obtained from your bank or credit union.  I suggest you have the […]

Read more