Finding an existing home in today’s market is close to impossible for buyers. Many buyers wonder if building a new home would be a better option. If that thought has crossed you mind, this article from Rocket Mortgage is a must read. It offers very detailed pros and cons of building vs. buying Read More...
Don’t Do This After a Mortgage App
February 24th, 2021
Applying for a mortgage can be a complicated process. What many home buyers don’t realize is that although you may be on sound financial footing when you complete your application, there are actions you could take after your application that could jeopardize your mortgage approval. This article from NerdWallet explains what you should NOT do, including applying for new credit, missing credit card or loan payments, making any large purchases, switching jobs or making large deposits without creating a paper trail 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 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...
Which Mortgage is Right for You?
March 24th, 2020
Unless you’re wealthy enough to be a cash buyer, purchasing a home will inevitably require getting a mortgage. But, there’s more to mortgages than you might think. Depending on your circumstances and qualifications, there are actually five different types of mortgage financing. They include conventional mortgages, jumbo mortgages, government-insured mortgages, fixed-rate mortgages and adjustable-rate mortgages Read More...
Will 2018 be Your Year?
January 3rd, 2018
If you’re thinking about a new home in 2018, or at least about planning for a new home in the near future, January is the time to get your house in order. We’re talking about your financial house, of course! You’ll need to be on sound financial footing to qualify for a mortgage and to purchase your dream home 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...
Are You Qualified to Buy ?
September 9th, 2014
Many prospective homebuyers don’t realize that the first step in the home buying process is NOT looking for a home. It’s contacting a qualified Mortgage Agent to get a mortgage pre-qualification. A pre-qualification gives you a good idea of your mortgage loan possibilities so that you can fine tune your price range Read More...
Falling Mortgage Rates Make NOW the Time to Buy
February 27th, 2014
Mortgage rates are falling for both fixed-rate and adjustable-rate mortgages. But, the slide may not last. That means if you’ve been on the fence, waiting for the right time to buy, you may want to jump off and get going. Analysts believe that the current drop in rates may not last. Read about it in this article by Brian O’Connell writing for The Street 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.
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