Joe Gonzalez - FHA & 1st Time Homebuyer for King of Prussia, Plymouth Meeting & surrounding areas

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Mortgage and Lending - CrossCountry Mortgage, LLC NMLS #3029 - NMLS #126036
Real Estate & Finance News and Tips That Make a Difference

ARCHIVED BLOG POSTS

2018 

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value an...
03/27/2018
Last week’s economic releases included readings on new and pre-owned home sales and the Federal Open Market Committee’s customary post meeting statement. Fed Chair Jerome Powell gave his first press conference as Chair of the Federal Reserve and FOMC. Weekly readings on mortgage rates and first-t...
03/26/2018
The FNMA HomeReady ProgramThose who are involved in the mortgage industry must keep updated on changes to FHA, and Fannie Mae (FNMA) loans. Since loan limits and other changes are often made annually, keeping up with these changes helps make sure consumers get the right information at the time of...
03/22/2018
In recent years, building an environmentally friendly home or updating an existing home to be more energy efficient has become much more mainstream. While building an entirely green residence isn’t always fiscally possible, simple eco-friendly building techniques and upgrades will ultimately lowe...
03/21/2018
1) Do I have enough equity to get a mortgage?To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgag...
03/21/2018
Last week’s economic news included readings From National Association of Home Builders, Commerce Department reports on housing starts and building permits issued Weekly readings on mortgage rates and new jobless claims were also released.NAHB Posts 3rd Consecutive Decline in Builder ConfidenceAcc...
03/19/2018
The major problem that the vast majority of buyers will run into – especially when purchasing their first home – has to do with a lease agreement that is still active with their apartment complex at the time of the purchase. If you locate the perfect home in February but your lease isn’t over unt...
03/16/2018
Several generations ago, lenders required home buyers to have a 20 percent down payment in order to get a mortgage. While there were a few options out there for people who couldn’t save this substantial amount, the reality was that for the majority of people, the 20 percent down was a requirement...
03/15/2018
When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals.So the question many buy...
03/15/2018
Last week’s economic releases included reports on Non-Farm Payrolls, ADP payrolls, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released.Public and Private Sector Jobs Show Mixed ReadingsADP Payrolls reported 235,000 private sector jobs ad...
03/12/2018
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Joe Gonzalez

NMLS# 126036 (610) 739-6563
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