home buying: How To Cut A Great Deal On A New Home Construction - 11/01/18 12:41 PM
Savvy home buyers often get great deals on new home constructions by asking for deals and discounts and doing some up-front research. 
Home builders often dislike offering steep discounts in sales prices because they want everyone in the community to feel like they bought their property at a fair price. Maintaining sales prices also helps with future home appraisal values. It helps all of the buyers in a neighborhood to keep sales prices consistent and growing. 
Fortunately, you can still get great discounts that can reduce the cost of your new home.
Ask the builder if they can do the following:
Settle Closing Costs 
Closing costs … (0 comments)

home buying: Real Estate Crowdfunding Investment Is Trending - 10/30/18 02:18 PM
Although the real estate market is currently booming, the last housing bubble burst remains relatively fresh in investors’ minds and that has many taking a long look at crowdfunding.
One of the lessons that came out of the burst and ensuing Great Recession was that investors were blind to where their money went. If you watched the Academy Award-winning film “The Big Short,” then you at least understand Hollywood’s hyperbolic explanation of the subprime mortgage crisis. You may be asking: what does this have to do with real estate crowdfunding real investing? Well, everything.
Among the key reasons that the financial collapse occurred … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – October 29th, 2018 - 10/29/18 08:00 AM
Last week’s economic news included readings on sales of new homes and pending home sales. A reading on consumer sentiment was also released along with weekly reports on mortgage rates and new jobless claims.
Sales of New Homes Slide to Near 2 – Year Low
According to Commerce Department readings on new home sales, the pace of sales slipped close to a two-year low in September; new homes sold at a seasonally-adjusted annual pace of 553,000 sales.
September’s reading was 5.50 percent lower than for August and was 13.20 percent lower year-over-year. Analysts expected a reading of 620,000 sales; August’s reading showed an annual … (1 comments)

home buying: Could Fed Interest Rate Hike Help Home Buyers? - 10/26/18 01:41 PM
News of the Federal Reserve hiking interest rates appears to have caused unnecessary panic among people poised to purchase a first home or a larger one for a growing family.
Headlines and news reports that talk about interest rates being at their highest since 2014 can be alarming. Announcements from the Fed that rates would increase four times in 2018 and again in 2019 seems downright scary. After all, isn’t it logical that increased interest rates mean that monthly mortgage payment could be substantially higher?
As it turns out, neither the click-bait headlines about dramatic rate increases or higher monthly premiums are real-life concerns. … (0 comments)

home buying: 3 Budgeting Tips to Help Make Your New Mortgage Payments Easier - 10/25/18 03:27 PM
Buying a new home is an exciting time, but excitement can easily turn to stress if there isn’t enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest.
Prioritize The Mortgage Bill And Pay It Immediately
This may seem like a counterintuitive tip for anybody looking for help making mortgage payments, but it is easily the best one and the one that provides the most trouble for homeowners.
Late mortgage payments come with hefty fees … (0 comments)

home buying: Winterizing Your Yard: 3 Landscape Tips - 10/19/18 12:54 PM
In some parts of the country, it has already started snowing! But, even if you live in an area with a moderate climate, your lawn and garden are about to take a “winter break.” 
Here are 3 tips to assure that your yard will not only survive the winter, but flourish during the dormant season. They’ll assure that your landscape will greet spring full of life and beauty.
Fertilize The Lawn As Recommended
Most types of grass and landscape plants have a kind of built in “alarm clock” that helps them prepare for the changing seasons and the onset of winter. Many lawns, though, … (2 comments)

home buying: What To Know About Specialty Mortgages - 10/17/18 01:08 PM
Recent medical school graduates, saddled by high student loan debt, sometimes have a hard time qualifying for a first mortgage. Now, however, a growing number of lenders will consider future earnings potential of high earners in the medical profession as a way to offset high debt ratios. But specialty mortgages for young physicians aren’t the only unique loans available today.
Nationwide, there are a number of unique programs designed to help first-time buyers qualify for a mortgage loan. While some target specific professions, others are open to a wider range of applicants. They are definitely worth exploring if you’re interested in buying … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – October 15th, 2018 - 10/15/18 07:48 AM
Last week’s economic reports included releases on inflation, consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released.
Inflation and Consumer Sentiment Dip
The Commerce Department reported slower growth in inflation for September. The Consumer Price Index for September showed a growth rate of 0.10 percent. Analysts projected a reading of 0.20 percent growth, which was based on August’s reading of 0.20 percent.
This was the sixth consecutive month-to-month increase in the inflation rate. Year-over-year, inflation has grown 2.30 percent as compared to the prior year-over-year rate of 2.70 percent.
Analysts said that rising rents and homeownership costs drove consumer prices … (0 comments)

home buying: U.S. Wage Increases Could Help Home Buyers - 10/12/18 12:48 PM
The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate.
But there are powerful forces at work that are far beyond each person’s control. And until recently, the gap between American wage growth and rising home prices was widening. According to data coming out of the U.S. Department of Labor, unemployment recently hit a 49-year low and wages are enjoying the greatest uptick in nearly a decade. That is good news for prospective home buyers.
American Wages On The Rise
The … (0 comments)

home buying: Foreclosure Rates Expected To Dip Below 12-Year Low - 10/10/18 12:34 PM
The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low.
Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans appear to be benefiting from one of, if not the strongest economies in decades. According to data compiled by CoreLogic, mortgage delinquency rates continue to improve and are already at the lowest levels in 12 years.
Building on last year’s national trend, foreclosures and mortgages more than 30 days past due declined to 4.2 percent in May. Other analytics show that … (1 comments)

home buying: True Facts About 4 Real Estate Reality TV Myths - 10/09/18 01:40 PM
Many of us are guilty of plopping on the sofa and binge-watching reality TV home flipping shows. The allure of buying and selling homes for big profits with no boss looking over our shoulders has major lifestyle appeal.
Shows like “Love it or List it,” “House Hunters,” “Flip or Flop” and others make it look incredibly simple. Even when they face adversity such as rotted wood or bad pipes, the way the reality TV stars overcome adversity is more of an inspiration than a deterrent. And plenty of everyday people do manage to succeed in the house-flipping industry.
But many of the myths … (2 comments)

home buying: Best Things To Do Now To Get Your Finances Mortgage Ready - 10/04/18 12:13 PM
You probably already know that qualifying for a mortgage can be the biggest hurdle — aside from actually finding that dream property — along the path to home ownership.
Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream.
Take A Close Look At Your Budget
If you don’t currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There’s no better way to prepare for home ownership than by being realistic about how you spend your money. If you don’t have a … (0 comments)

home buying: What Are The Housing Market Projections For 3rd Qtr 2018 — And Beyond? - 10/02/18 05:24 PM
The National Association of Realtors (NAR), in its ongoing analysis of home sales statistics, believes that prices will continue to rise during the third quarter, but that uncertainty over elections could be a factor during the second half of the year.
However, NAR’s report noted that in July, a typically lackluster month, home prices rose by about nine percent, and days on market decreased significantly, perhaps signaling a strong start for the third quarter.
National statistics don’t necessarily tell the whole story, however. In addition, what will happen in the fourth quarter is, at this point, a bit more difficult to predict. Assessments … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – October 1st, 2018 - 10/01/18 08:37 AM
Last week’s economic readings included reports on home prices, new and pending home sales and remarks released by the Federal Open Market Committee of the Federal Reserve. Weekly readings on average mortgage rates and first-time jobless claims were also released.
Case-Shiller HPI: Home Price Growth Slows in July
Home prices grew slower in July according to data released last week. Home prices rose at a seasonally-adjusted annual rate of 6.0 percent in July as compared to June’s rate of 6.2 percent growth. Analysts cited increasing inventories of homes available, which typically increases competition and lowers asking prices. Would-be home buyers have also suspended … (0 comments)

home buying: Fed Raises Key Interest Rate For 3rd Consecutive Time - 09/27/18 02:25 PM
The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed’s key interest rate and was the eighth time the Fed raised its key interest rate since 2015.
In its customary post-meeting statement, Committee members cited strong economic conditions and continued labor market growth coupled with historically low unemployment rates as a basis for raising the federal funds interest rate.
Fed Cites Steady Inflation, Healthy Household And Business Spending
Further economic conditions cited in the FOMC statement were steady … (0 comments)

home buying: 5 Things To Do This Fall To Get Ready For Winter - 09/26/18 12:23 PM
Simple home and yard tips don’t have to take a lot of time, but can save a lot of headaches if that first winter storm catches you unaware.
Here’s a checklist to help you prepare:
Assess Your Windows And Doors
Take a walk around your interior, preferably on a windy day. Check for drafts and air leaks; replace weatherstripping, align door thresholds. and repair window frames and sills if they’re damaged. If you have storm windows, make sure they’re ready to install. Replace the screens in a storm door with glass panels. Also check your garage door to make sure that it operates properly.
According … (0 comments)

home buying: Pros And Cons: Older Homes Versus New Construction - 09/24/18 09:41 AM
Opinions differ about whether home buyers are best served by purchasing an older home or new construction.
New homes enjoy that “new home” smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and many architectural design elements are no longer commonly used.
While some people feel strongly one way or the other, it’s a lot like comparing apples and oranges. The right home for any home buyer is the one that fits your lifestyle. Consider these pros and cons of new and older homes when making your decision.
Construction Differences
Home … (0 comments)

home buying: NAHB Housing Market Index Unchanged in September - 09/20/18 12:47 PM
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB’s housing market reading for August. Analysts cited recent tariffs on building materials as a significant cause of easing builder confidence.
While NAHB called September’s reading “solid” at 67, the reading was one full point lower than the average reading for 2017 and equaled the lowest builder confidence reading in 2018 to date. Readings over 50 in the Housing Market Index indicate that more builders than fewer are confident in housing market … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – September 17th, 2018 - 09/17/18 02:10 PM
Last week’s economic news included readings on consumer credit, inflation and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.
Fed Reports Consumer Credit Jumps in July
The Federal Reserve reported that consumer credit rose from $9 billion in June to $17 billion in July. Analysts said a majority of consumer credit was issued for education loans and auto loans. June’s reading was revised downward to $8.50 billion from the original reading of $10.2 billion.
Credit card debt increased by 1.50 percent in July after declining by – 1.40 percent in June. Non-revolving consumer debt rose by 6.40 percent … (0 comments)

home buying: Mistakes Seasoned Home Buyers Often Make - 09/14/18 10:21 AM
It’s not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided.
Stuck In The Past
The real estate market doesn’t stand still. It cycles and shifts, which is why it’s often recommended to rely on a real estate professional for an understanding of the current market. Home buyers with property purchased ten years ago, likely won’t have the same experience buying today. Don’t get stuck in the … (1 comments)

 
Joe Gonzalez, NMLS# 126036 (610) 739-6563 (CrossCountry Mortgage, LLC NMLS #3029) Rainmaker large

Joe Gonzalez

NMLS# 126036 (610) 739-6563

King of Prussia, PA

More about me…

CrossCountry Mortgage, LLC NMLS #3029

Address: 625 W. Ridge Pike, Building C, Suite 100, Conshohocken, PA, 19428

Office: 610.355.8039

Mobile: 610.739.6563

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