So you did the right thing. You were able to get pre-approved for financing and everyone tells you it is as good as buying with cash. Then you start looking at houses and your agent tells you that the property you want to see is ineligible for the type of financing you are approved for….
It’s smart, it’s legal, it varies with loan products, but a full seller assist (seller credit, seller concession, etc) may not be possible with certain properties. Before they met me, a client wanted to purchase a foreclosure in Montgomery County, PA. They were approved for a mortgage, they had the down payment, but their real…
A Reverse Mortgage is one of the best financial tools out there today. It is amazing what you can do with them and the quality of life that can be had once they are put in place. There are many misconceptions that we will clear up and to start, here are some actual stories to…
I get this question frequently…exactly who can go on the deed to a property in Montgomery County PA. The answer is relatively simple….anyone!
Change, the one constant in life. Especially in the world of mortgages! I remember when we had “mirror-test” underwriting. Hold a mirror up to the borrower’s nose & if it fogs up, they get a loan! Well, those days are gone, as they should be. But unfortunately, certain regulators feel the way to correct things…
Over 18 years in this business and I set a new record, just $9.55 to buy a $225,000 home! No joke, Chris and Delia were able to buy a twin home in Harleysville with 3 bedrooms, 2 1/2 baths, a finished basement, and fenced-in back yard for just $9.55 out of pocket!
I think that we can all agree that this is the best time in history to buy a home. However, one of the main stumbling blocks in being able to do so is coming up with some savings for a down payment and/or closing costs. Although there are ways to buy a home with no…
We have been taught that when you see something that seems too good to be true, it usually is. Most of the time this is the case,however, this one is REAL! You see the advertisements about how you can buy a home with $0 money down, but you hear the media talk about how hard…
Here we go again! More mortgage changes coming to the industry, for the worse. Unfortunately, the former mirror test underwriting (mirror under nose, fogged up, approved!) that was offered a few years ago is now punishing those who actually want to buy a house now. The latest changes are coming soon, to the absolute best…
With the stock market taking a crap, yet again, why not use what is left in there to earn a great return in real estate? There are two ways to take advantage of your retirement now, rather than wait for it to recover what it lost, hopefully by the time you retire! This all depends…
There are plenty of mortgage calculator apps at the iTunes store that can calculate your mortgage payment, amortize it for you and provide other “calculator” type solutions. However, the new mortgage calculator app from Homes.com can do all of that and then some!
We are seeing them more and more…boarded up houses, abandoned properties, vacant homes. These properties represent some of the best deals on the market today! The biggest problem with the sale of these types of homes is financing. Unable to get conventional or FHA 203b financing, this limits the options for the everyday investor/buyer to purchase…
OK, so you are thinking of putting off buying a home. WHY? Here are some changes coming to mortgages that may make you think twice.
There are so many people that think that they cannot get a mortgage to purchase a new home. They want to, but lack the proper guidance to overcome what they think their obstacles are. Below are some of the most common excuses and how to overcome them.
