financing: Waiting for the bottom????? - 03/23/09 05:03 AM
Last week, a long time client sent me an email.  "We decided to buy a 2nd home in a resort, my wife is so excited"  (they have 4 children and I knew them as newlyweds). 
He asked if I could refer him to a Realtor and even gave me the name of the brokerage firm that they know is in the area they want to "look" (and perhaps purchase).
After a couple of days I got an email.  "We are so excited because several properties fit the criteria and price of what we are looking for and we are headed to that area … (0 comments)

financing: Event for First Time Buyers..... WEST CHESTER, PA - 02/23/09 11:59 AM
 
There's a theory that has been around for a number of years called CASH FLOW the property.  What that means is when it is cheaper to own rather than to rent the MARKET is poised for improvement.
Follow me on this one.  I find a condo in my market are for 180K.  I have saved and saved and I have a down payment of $36,000.  (that's 20% down)
I need to borrow $144,000 to live in the house.
The payment for a mortgage of $144K at 5.5 % for 30 years is $817.92.  If I try to rent something like this … (0 comments)