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It's not a bad time to buy a home ... seriously.

First Time Homebuyers!

We have answers to your home loan questions. Before you start hitting the streets looking for your first home, allow us to help you get pre-approved and make sure you understand the home loan process.

How much home can I afford? Many experts suggest that your monthly payment not exceed 30% of your total income. Ask me to pre-qualify you for a loan amount that works best for you. I work off the Sleep Principle, regardless of what you can afford in a Lender's eyes, I want to make sure you can go to bed at night and sleep tight ... not worrying on how you'll be able to make that next mortgage payment.

What are closing costs? There are a variety of costs needed to fund a loan and purchase a home. We can let you know about all of these expenses up-front.

What does Loan-to-Value mean? This is the amount you are able to borrow on a home 100% financing means you can get a loan for 100% of the value of the home or the sales price, lesser of the two. Please note, unless you are a Veteran, that product no longer exists. If you want to buy a home, you need money. Right now, you'll need at least 3% down if you meet those qualifying guidelines. Needing money to buy a home? Strange concept, I know:-) It's a pretty darn good time to buy though, you have cheap money available (low interest rates) and a large inventory of homes on the market. Don't necessarily look for a steal, yet if you get one... GREAT! Look for something that you can call Home.

What are points? A point is equal to 1% of your total mortgage loan. Some borrowers choose to buy down interest rates by paying more points up-front. I'll write a post very soon on how we, on the mortgage end, make our money. Of note, if you see anything resembling a 'free loan' that's called a grant. This isn't a non-profit gig, we have mouths to feed and bills to pay. If it's a loan, folks are making money off of it. That's not a bad thing, I'm just saying...

These are just a few of the questions you may have about the home loan process. Call me today to get the most out of your home loan experience.

Jason Sardi
Mortgage Consultant
First Choice Equity Group Inc
OFFICE: (610) 439-2166 ext. 229
TOLL FREE: (866) 262-8720 ext. 229
jsardi@fcegi.com

Licensed with the Pennsylvania Department of Banking (19808-19807)

Mortgages funded and administered by an Equal Housing Lender. This is general information only and does not represent all underwriting requirements and restrictions. All program guidelines subject to change. This is not a commitment to lend. May not be brokered in all states, call for details

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Jason Sardi

610-439-2166x229

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Service Area: Pennsylvania

Years of Service: 7

Service Type: Real Estate

VFLYER ID: 1762259

Posted by Jason Sardi, Mortgage Banker on 07/26/2008 08:27 PM

Comments (17)

pennsylvania mortgages, buying a home in the lehigh valley, interest rates, mortgage brokers, tlw kicks behinds

Originally posted at: Real Estate Financing...: It's not a bad time to buy a home ... seriously.

Post is included in group: Realtors®
Post is included in group: Mortgages
Post is included in group: Pennsylvania Professionals
Post is included in group: Posts to Localism
Post is included in group: The Greater Lehigh Valley

17 Comments on It's not a bad time to buy a home ... seriously.

JUL

2008

Jason- What an interesting way to use the Vflyer! Yes, it is a great time to buy a home:) Especially some of our short sale listings:)

noticed the use of vFlyer too. cool. also think this is a nice primer for 1st timers, which is pretty much the point. Best succes with it, of course.

cheers

Jason, always on the money!

Jason,

Preapprovals are so important when shopping for a home...To search without a preapproval is like sightseeing without a car!!! Thanks, Fran

That is soooo you lil bro. Wonderful presentation for your services!

Jason.... som good, basic points. The consumer just needs to know the facts and what everything stands for, and not just broken promises to get them in door.... yet, consumers need to pay attention to and use common sense at times.

jeff belonger

JUL

2008

I love the new look and I didn't even know that V-Flyer could do more than post a flyer for a house. This looks awesome and it sure catches your attention.

Now, the information is also amazing and I have to wonder, have you also posted this on Craiglist under services?

Jason, I really liked your "Sleep" priciple. A true guide on how to do sales. AJ

Jason, another well crafted Vflyer with focus, FAQ, and a call to action to you and your firm. When I have created informational sheets in the past your layout is how I like to do it as well. Just the facts and the contact information. If you create these by different category of those you lend to you could just hand them out. Very impressive!!

Jason - Cute flyer - especially like the part of making sure the buyer is able to sleep at night : -)

Jason - Great advice. Even better flyer..... very clean and simple to read...

Is there a trend on AR as to who the survivors may be??? Same old names plugging along over and over..... we all make it through this we should have a convention :-)

Jason, as always good advice...I, like others, like the way you use the VFlyer for posts!

Jason: GREAT advice and oh-so-true! I only WISH I had more to invest and I'd be buying a property a month until this all blows over! And, I love the VFlyer! Great idea!

Debe in Charlotte

JUL

2008

That is a nice flyer - a good informational piece. I wrote an article this morning how we see things looking pretty bright in Philly - when you get a moment - check it out

Philadelphia Real Estate