If you’re considering refinancing your mortgage and taking advantage of the currently low interest rates, here’s good news. A new fee on mortgage refinances that was set to take effect September 1 has been delayed. The Federal Housing Finance Agency (FHFA) will delay enforcing the fee until Dec Read More...
Lower Interest Rates. Higher Standards.
September 1st, 2020
Mortgage interest rates continue to be at historic lows. That makes it a great time to buy a home – if you can qualify. While the pandemic has kept rates down, banks are hedging their bets against economic uncertainty by raising the qualification standards for getting a mortgage. According to Michaelle Bond, writing for the Philadelphia Inquirer, some lenders are raising the minimum credit score by 100 points, and taking a more restrictive view of debt Read More...
Mortgage Lenders Become More Demanding
June 23rd, 2020
If you planned on buying a new home prior to the COVID-19 pandemic, the good news is that builders, including Sal Paone Builders, are still moving forward with construction. The possibly not-so-good news is that mortgage lenders are demanding higher credit scores and larger down payments. They’re also triple-checking employment status and eliminating some kinds of loans altogether Read More...
Mortgage Help During COVID19
April 7th, 2020
Whether you’ve recently purchased a home, or you’ve been in your home for many years, the mortgage comes due every month like clockwork. Unfortunately, paychecks aren’t as predictable during this time of COVID19. If you anticipate having trouble paying your mortgage, your bank or mortgage holder may be willing to work with you during this difficult time Read More...
Mortgage Rates are Moving. Is Now the Time to Buy?
March 22nd, 2017
According to U.S. News and World Report, the answer is “yes!” Reporter Theresa Mears notes that analysts expect rates to rise this year, but probably not by more than one-half to three-quarters of a percent, which means rates are predicted to stay below 5 percent for a 30-year, fixed-rate home loan Read More...
Buy a Home, Enjoy the Tax Advantages!
March 25th, 2015
Want to send the tax man packing? Pack up your apartment and considering buying a home. Home ownership can offer a number of tax-saving benefits including deductions for mortgage interest, mortgage insurance, energy efficient home upgrades and more. Read how you can take advantage of homeownership-related tax deductions and develop strategies to lower your tax bill with this helpful article from HouseLogic Read More...
Real estate trends for summer 2013
September 11th, 2013
What are the biggest real estate trends for summer, 2013? Forbes Magazine identifies them as low mortgage rates, slim pickings, home stalking and bidding wars! Luckily, when you buy a new home from Sal Paone Builders you can take advantage of the currently low mortgage rates, without having to deal with the rest Read More...
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Sal Paone, Montgomery county pa residential home builder, headquartered in Spring House, Pa., has long been recognized as one of the Greater Philadelphia area’s premier custom builders.
Visit SalPaoneBuilder.com for more information.
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