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mortgages: Community Development Mortgage Program - 08/11/11 11:41 AM
An alternative to FHA for those buyers with low down payments is the Community Development Mortgage Program. I sat down with Eric May one of the Prosperity Mortgage representatives in our office to discuss some of the benefits of this program.
 
 
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mortgages: Time is running out... - 10/10/09 10:17 AM

Time is running out rapidly if you want to take advantage of the First Time buyers Tax Credit. All our mortgage providers have been telling and warning us to get our buyers under contract by this week to make sure that their settlements can be completed no later than November 30th.
You cannot afford delays with settlement to get the credit. You must settle on or before November 30th. It is a little misleading when people talk about December 1st as that is too late and you will not qualify for the credit.
Will it be extended? Who knows, there … (2 comments)

mortgages: Why are the appraisal firms using appraisers from way out of the area? - 07/08/09 07:41 AM
I understand separating appraisers from mortgage brokers and bankers but do these third party firms have to use appraisers from way out of the area?
We have had two appraisals recently by banks that are way off the mark. One of these appraisals is off by $55000 and the bank then advises the client not to get another appraisal. The banker is in Texas, so may not know or understand the pricing in our area.
Another is a townhouse development and the same model two doors over is listed in the report as having 2000 square feet, but the subject property … (0 comments)

mortgages: Is the stimulus bill going to revive real estate? - 02/10/09 03:15 PM
Whilst we hear all the talk from Congress that they understand real estate needs to lead the way for jolting the economy I wonder if tax credits and hand outs are going to do the job. we currently have historic low interest rates that should be encouraging buyers to act and not wait but we are seeing buyers just looking and taking no action to buy inventory that sellers are desperate to sell.
Also how fair are the credits, if you have recently lost a job and need to sell a home are you going to be able to buy something … (3 comments)

mortgages: Some builders views on the market in PA! - 09/07/08 11:29 AM
I attended a great meeting this week at our local realtor association, Suburban West Realtors Association. It is titled Starbucks Mornings and there are always different angles from blogging, to marketing etc. This month it was a roundtable discussion with some local builders, Wayne Megill, Joe Mingioni and Mike Murphy.
We talked about a lot of topics which I will post over the next few days but we started out with a question about how these builders see the current market. I apologise now for not making notes about who said what, but the thoughts and comments really flowed and it … (0 comments)

mortgages: Stay inside lines to keep foreclosure away! - 03/28/07 12:53 PM
If you are financially savvy you know and understand when you own a home, you are responsible for repairs and maintenance. Young fisrt time buyers often forget that when they own a home they must pay for the upkeep and don't budget these additional costs into their future payments. It is like coloring outside the lines, it can end up not being a pretty picture and getting very messy. But if you work within suggested guidelines you can end up with a good picture.
                                                          
According to Michael Eisenberg, a member of the American Institute of Certified Public Accountants' Financial Literacy Commission these … (2 comments)

 
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Nick & Trudy Vandekar Realtors Main Line PA Homes for Sale Lic AB067198

Devon, PA

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Long & Foster Real Estate Inc

Address: 92 Lancaster Avenue, Devon, PA, 19333

Office Phone: (610) 225-7400

Cell Phone: (610) 203-4543

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