mortgage: USDA Updates – They now charge for the awesomeness! - 10/24/11 03:44 PM
USDA Updates – They now charge for the awesomeness!
In my last post I gave a few tidbits about USDA (Click here if you missed it - Kick butt 100% financing that you’ll probably qualify for). WOW, I didn’t realize so many people would respond. Good Great stuff guys. So here are a few updates….
October 1, 2011 USDA Rural Housing Loan Changes:
USDA Rural Housing has been taxpayer-subsidized for years. Long gone are those days. The USDA Rural Housing Program will no longer be dependent on tax payer money (wish we could say the same about the big banks! Can I … (3 comments)
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mortgage: USDA Rural Housing – kick butt 100% financing that you’ll probably qualify for! - 10/21/11 03:56 PM
So you’re looking to buy a home, you don’t have a lot of cash to work with & want a low payment. Looks like you better go to Craigslist & see the rental section right?
Not so fast young grasshopper (who doesn’t love David Carradine). Enter USDA Rural Housing..…
Q: What is USDA Rural Housing? A: USDA Rural Housing Loans also called a Rural Development Loan, is a government insured home loan offering 100% financing to qualified buyers, allows for all closing costs to be paid for by the seller or financed into the loan (& the crowd goes wild!!). They … (22 comments)
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mortgage: Credit: Good, Bad & Daaaaamn type credit - 10/11/11 09:34 AM
While credit guidelines have tighten up quite a bit in recent years, there are many programs to help first time homebuyer’s purchase their home. One frequent question I run into is: “what if my credit is bad?"
My response: what is bad? There are differing levels of bad perceived bad. There are the following:
Your credit is fine - this normally is the accountant/bookkeeper (love that word & its 3 double vowels) that paid an account 1 day after the grace period & thinks they’re condemned to credit hell for an eternity. Don’t let your OCD stop you from applying … (5 comments)
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mortgage: King of Prussia, Plymouth Meeting - Mortgage Rates & Markets Weekly For The Week Of April 4, 2011 - 04/05/11 10:10 AM
Mortgage Rates & Markets Weekly For The Week Of April 4, 2011
Mortgage Rates & Markets Weekly For The Week Of April 4, 2011, King of Prussia, Plymouth Meeting And Around The Nation
In a volatile week of trading, mortgage markets closed unchanged last week. Despite economic data proving stronger-than-expected — a situation that tends to lead mortgage rates higher — concern for persistently high oil prices tempered Wall Street’s excitement and mortgage rates stayed steady.
That’s not to say rates weren’t volatile, however. From day-to-day, mortgage rates showed huge variance last week and several lenders issued five separate rate sheets … (1 comments)
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mortgage: HUD Raising FHA Mortgage Rates by 0.25% In King of Prussia, Plymouth Meeting, Blue Bell & National Markets - 03/17/11 04:33 PM
HUD Raising FHA Mortgage Rates by 0.25% In King of Prussia, Plymouth Meeting, Blue Bell & National Markets
...well effectively at least.
HUD (Department Of Housing And Urban Development) recently released it's Mortgagee
Letter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers.
Here is the stated Purpose: This Mortgagee Letter introduces a 25 basis point increase to the Annual FHA Mortgage Insurance Premiums for forward mortgage amortization terms. It also provides guidance on the validity period of case numbers and new requirements for requesting them.
Effective Dates: The increase in Annual FHA Mortgage Insurance Premiums for … (1 comments)
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mortgage: Mortgage Pre-Qualification or Mortgage Pre-Approval. What’s the Difference for King of Prussia, Plymouth Meeting, Phoenixville PA Home Buyers? - 03/13/11 10:41 PM
Mortgage Pre-Qualification or Mortgage Pre-Approval. What’s the Difference for King of Prussia, Plymouth Meeting, Phoenixville PA Home Buyers?
Before you ever begin to shop for a new home...
You should set up a time to meet with a mortgage lender so together you can determine out how much you can afford. This will put you in a better position as a home buyer. Imagine making an offer on a home. It get's accepted only to find out you cannot afford to buy it. Embarrassing to say the least. First, if you are working with a professional real estate agent, making an offer … (0 comments)
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mortgage: Video Introduction to clients - 05/13/09 02:59 PM
Take care,
Joe Gonzalez1st Metropolitan Mortgage
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mortgage: Don't Make Extra Payments Against Your Mortgage - 02/25/09 09:46 AM
For years I have tried to explain to clients that depending on their circumstances it may make more financial sense to pay down debt instead of your mortgage. Liz Pulliam Weston posted an article that I think everyone who pays additional against their mortgage may find very interesting!Here's a link to the article:http://articles.moneycentral.msn.com/Banking/HomeFinancing/DontRushToPayOffThatMortgage.aspx
A question you can think about is what is the rate of return on the equity that is stuck in my home? That would be 0!
Joe Gonzalez1st Metropolitan Mortgage610-351-7510
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mortgage: Why haven't you refinanced?! - 01/30/09 02:17 PM
Rates are fantastic but they will only last for so long! You need to take advantage while you still can!! Call us today at 610-351-7510 for your free rate quote.
Joe Gonzalez1st Metropolitan Mortgage610-351-7510 Officejgonzalez@1stmetro.net www.1stmetropolitan.net
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mortgage: Keys to staying in business in this crazy market - 11/03/08 11:12 AM
70% of loan officers that were in the business in 2006 are no longer here per one source. The percentage of realtors that are out of the business can't be much better. While interviewing many realtors from newby's to seasoned pros I can't help but notice that are but a few differences between the two. I didn't say small difference. So I narrowed it down to 4 keys to not only surviving but rather thriving in this business. Here's what I've come up with:
High tech - it seems that those who are doing well in this marketing … (1 comments)
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mortgage: What Lenders Look for in Home Loan Applications - 07/21/08 10:30 AM
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mortgage: Planning Your Mortgage and Seeking Pre-approval - 07/21/08 10:28 AM
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mortgage: What Are Points and When Should You Pay Them? - 07/21/08 10:26 AM
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mortgage: Interest Rates - When is the Best Time to Lock? - 07/21/08 10:24 AM
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mortgage: Shopping for the Right Mortgage - 07/21/08 10:22 AM
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mortgage: How Purchase Loans Are Made - A Step-By-Step Walkthrough - 07/18/08 12:38 PM
You are receiving this email as a result of your ongoing business relationship with Joe Gonzalez. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.UNSUBSCRIBE. In the unlikely event you decide that you would not like to receive this information, please reply to this email with "Remove" in the subject line.Joe Gonzalez1st Metropolitan Mortgage1030 W. Hamilton Street Front OfficeAllentown, PA 18101© Copyright 2008. All About News, Inc.
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mortgage: How Much Money Should You Borrow? - 07/18/08 12:36 PM
You are receiving this email as a result of your ongoing business relationship with Joe Gonzalez. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.UNSUBSCRIBE. In the unlikely event you decide that you would not like to receive this information, please reply to this email with "Remove" in the subject line.Joe Gonzalez1st Metropolitan Mortgage1030 W. Hamilton Street Front OfficeAllentown, PA 18101© Copyright 2008. All About News, Inc.
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mortgage: Healthy Eating Tips - 06/17/08 10:28 AM
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mortgage: You'll Flip Over How Much You Can Save!! - 06/16/08 04:39 PM
www.1stmetropolitan.net
www.1stmetropolitan.net
With 1st Metropolitan Mortgage you expect top quality Mortgage Concierge Service at extremely competitive rates! That's our guarantee!! Sincerely, Joe Gonzalez Branch Manager … (0 comments)
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mortgage: The Art of Happiness - Making Each Day Your Best - 06/16/08 07:44 AM
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