Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Millionaire to Millennials: Don’t Rent a Home… Buy! In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream … (2 comments)
Today's interest rates are modest compared to those of the past. Check out the attached article.
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Mortgage Interest Rates Are Going Up… Should I Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must … (1 comments)
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh
The Cost of Renting vs. Buying a Home Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by … (2 comments)
Many fears are based on false assumptions! Check with a professional before you decide you can't buy a house. Read the attached article and then call me!
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Buying a Lancaster, PA Home Can Be Scary... Unless You Know the Facts Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchased homes this year have put down less than 10%. … (2 comments)
If you qualify, we can help you get that loan and the house!
See the attached article.
Contact me!
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh
Millennials Flock Towards Low Down Payment Programs A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with Google to help us better understand what customers are searching for … (2 comments)
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh The Mortgage Process: What You Need to Know Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford . Your first step in the Home Buying Process is to obtain a Mortgage Pre-Approval . Email MikePerryKW@gmail.com to get started .
You don't need a large down payment to purchase your first home!
Call me and we'll discuss the possibility of a low down payment loan. Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Millennials Flock to Low Down Payment Programs A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from December. An … (2 comments)
Now is the time to buy! We may soon see an increase in interest rates and rents are going up!
Call me today to see if you qualify!
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Careful…Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack … (1 comments)
There seems to be a lot of confusion on the requirements to qualify for a home loan. The attached article contains valuable information. Call me, I can help you get qualified!
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com activerain.com/dfh Again… You Do Not Need 20% Down to Buy NOW! A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down … (2 comments)
mortgage: Will the FED keep me from Buying, Lancaster Co.,PA ?
- 12/23/16 06:41 AM
Yes the Fed raised the interest rates, but check out the article that I've attached. Those of us who have a few years behind us realize just how historically low the rates continue to be. Even with the current rise.
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com The Fed Raised Rates: What Does that Mean for Housing? You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open … (1 comments)
The attached article gives new perspective to this issue.
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com Student Loans = Higher Credit Scores According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous generations have been able to achieve (i.e. homeownership, investing for retirement). CoreLogic used the information provided on rental applications … (3 comments)
Contact me today and I can help you get pre qualified.
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com When Is a Good Time to Rent? Not Now! People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent … (1 comments)
Don Hess KW Elite Keller Williams Realty 1280 Plaza Blvd. Lancaster, PA 17601 717-553-2500 Office 717-715-6288 Mobile 717-786-7967 Direct donhess39@gmail.com Getting a Home Mortgage Still Too Difficult? There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 - 2006. The Housing Financing Policy Center at the Urban Institute just released data revealing two reasons for the current exceptionally high credit standards: Additional restrictions lenders put on borrowing because of concerns that they will … (1 comments)
Preapproval for a loan is the very first step in the home buying process. It's not as hard as you think.
Read the article that I have attached below then
Call me! I can help!
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com Taking the Fear out of the Mortgage Process A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but … (1 comments)
I like this article. My first questions to my Buyer clients are "Why do you want to buy a home? What goals are you trying to achieve?"
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com
3 Questions to Ask Before Buying Your Dream Home If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. … (1 comments)
If you're a first time home buyer, looking for a larger home, or even if you're considering down sizing. Interest rates are at historically low levels. NOW IS THE TIME!
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] Some Highlights: The interest rate you secure for your mortgage greatly influences your monthly housing costs. In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000. Interest rates are still at historic lows; this is … (4 comments)
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com Whether You Rent or Buy, You’re Paying a Mortgage There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they … (1 comments)
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com Brexit 1 Month Later: The Impact on Mortgage Rates Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days. Most believed that the Brexit decision would … (2 comments)
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct hess39@comcast.net 3 Questions Every Buyer Should Ask Themselves If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market. 1. Why am I … (3 comments)
Don Hess Keller Williams Realty of Central PA East 930 Red Rose Court Lancaster, PA 17601 717 553-2500 office 717 715-6288 mobile 717 786-7967 direct donhess39@gmail.com Would You Qualify for a Mortgage Now? The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true. Below is a graph of the distribution of FICO scores of approved loans in May … (2 comments)
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