montgomery county pa: What You Need To Know About Mortgage Insurance - 09/12/13 11:38 PM
What You Need To Know About Mortgage Insurance  
If you are on the verge of buying real estate, you’ve probably heard the term Private Mortgage Insurance. Mortgage professionals talk about it a great deal, but you may be asking, “What is it exactly? And why should I care?”
Private Mortgage Insurance Defined
PMI is required by lenders if the down payment of a purchase is less than 20 percent of the home’s value. It protects the lender if the borrower defaults on the loan.
It also makes the lender more apt to loan, even if the down payment is as … (0 comments)

montgomery county pa: Before And After Tips When Dealing With A Natural Disaster - 09/11/13 11:52 PM
Before And After Tips When Dealing With A Natural Disaster Weather patterns across the United States seem to be getting more and more erratic. From tornadoes and earthquakes to flash floods and wild fires, there are many natural disasters that can quickly consume your home without warning. Because you never know when disaster might strike, it’s best to be prepared.
Disaster insurance is the only precaution you can put in place to ensure compensation for your belongings and get your life back to normal as soon as possible. Below are the tips to take before misfortune strikes.
Create An Inventory
Most … (0 comments)

montgomery county pa: How To Interview An Architect When Building A New Home - 09/11/13 02:51 AM
How To Interview An Architect When Building A New Home  
Making the decision to build a home might be one of the biggest you make in your life.
You’ve found the perfect plot of land and have a vision of what type of home you want, but you need someone to bring your dream to life.
That means it’s time to start interviewing architects.
Hiring an architect isn’t as simple as just calling up a few and seeing who might have the time.
You’ll want to ensure you choose a professional that understands your design aesthetic, communicates well, can design … (1 comments)

montgomery county pa: Read This Before Signing Your Reverse Mortgage - 09/09/13 11:17 PM
Read This Before Signing Your Reverse Mortgage  
 
There are many reasons people take out reverse mortgages. However, this option is usually considered by cash-strapped seniors who own their homes and are looking to ease the burden of their golden years.
The beauty of reverse mortgages is that you’ll receive money as long as you are current on property taxes and homeowners insurance.
While this seems like an appealing opportunity, it’s a decision that should not be made lightly. Not only is the reverse mortgage complicated in itself, but homeowners make all sorts of mistakes when they’re too quick to … (0 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week – September 9, 2013 - 09/08/13 11:13 PM
What’s Ahead For Mortgage Rates This Week – September 9, 2013 Last week was relatively calm due to the Labor Day Holiday on Monday providing little mortgage and housing related news. However, there were several positive indicators for overall economic conditions.
Construction spending rose by 0.60 percent in July and surpassed economists’ expectations of 0.30 percent and June’s zero percent growth. While this may seem a small increase, any indication that construction spending is increasing could indicate that residential construction is ramping up.
This would be good news for home buyers, who’ve been facing a shortage of available homes in many … (0 comments)

montgomery county pa: How To Create The Perfect Garage Workshop - 09/05/13 11:33 PM
How To Create The Perfect Garage Workshop Most men, and even handy women, dream of a perfectly organized work space where their tools are orderly and they can tackle that list of home DIY projects.
However, renovations can get put on hold because there’s not a designated place to work. Tools are usually scattered throughout closets and the kitchen table serves as a workbench.
You can create a space for all of your improvement projects by turning a section of your garage into a construction-friendly, wonderfully organized haven for your tools and home makeover endeavors.
Below are easy steps to building … (1 comments)

montgomery county pa: Reasons To Think Twice Before Paying Off Your Mortgage Too Quickly - 09/05/13 12:40 AM
Reasons To Think Twice Before Paying Off Your Mortgage Too Quickly  
Most of the financial advice out there is focused on how you can pay off the mortgage on your home as quickly as possible, from making lump sum payments to switching to bi-weekly payments rather than monthly.
However, there are a few things that you might want to consider before you put all of your financial efforts into paying off your mortgage as quickly as possible.
Diversifying Your Investments
Of course, paying off your mortgage as fast as possible has a number of obvious advantages. You will be able … (0 comments)

montgomery county pa: Rounding Up Your Mortgage Payment, Will It Really Help? - 09/04/13 02:02 AM
Rounding Up Your Mortgage Payment, Will It Really Help?  
Paying off the mortgage on your home as quickly as possible will ensure that you pay less interest and save money in the long term. But how can you accelerate those payments so that you own your home sooner?
 
One simple and easy way that you can pay off your mortgage faster is to round up your mortgage payment to the nearest $100 interval. So, for example, if your mortgage payment is $756 per month, you can pay $800 instead.
 
Not only will this help you to pay off … (0 comments)

montgomery county pa: 7 Tips On Getting A New Mortgage After Bankruptcy - 09/02/13 11:38 PM
7 Tips On Getting A New Mortgage After Bankruptcy  
You have found your dream home and you are eager to get a mortgage, move into the property and start enjoying life there. However, there is only one problem standing in your way – the fact that you have been through some hard financial times in the past.
If you (or your partner) have been bankrupt previously, will this affect your chances of being able to buy the home you want?
The good news is that it is still possible to obtain a mortgage even if you have been bankrupt before.
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montgomery county pa: 7 Simple Steps To Finish Your Basement This Holiday Weekend - 08/30/13 05:10 AM
7 Simple Steps To Finish Your Basement This Holiday Weekend Not only does the Labor Day weekend signal a little time off work, but it also indicates a close to the summer season, which means it’s time to get ready for colder weather.
So get in the spirit of the long weekend and put the labor of love into your home by creating a cozy hideaway that your family can retreat to once the outdoors become too chilly.
One of the best places to create this snug space is to mimic hibernating animals and go under ground — to the basement.
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montgomery county pa: Pending Home Sales Indicates That The Housing Recovery Is Progressing - 08/28/13 11:34 PM
Pending Home Sales Indicates That The Housing Recovery Is Progressing  
The National Association of REALTORS reported Wednesday that pending sales of existing homes fell by 1.30 percent in July.
According to the organization’s Pending Home Sales Index, this was the second straight month that pending home sales dropped. July’s Pending Home Sales Index reading was 109.50.
Signed Purchase Contracts For Existing Homes Tracked In The U.S.
·Northeast:  – 6.60 percent ·Midwest:    – 1.00 percent ·West:        - 4.90 percent ·South:       + 2.60 percent Pending home sales were 6.70 percent higher year-over-year on a national basis. … (0 comments)

montgomery county pa: Case Shiller Price Index Shows Home Prices Are Still Increasing - 08/28/13 01:18 AM
  Case Shiller Price Index Shows Home Prices Are Still Increasing  
Home prices are still rising, but at a slower pace according to the S&P Case-Shiller Home Price Indices for June.  Home prices for the cities surveyed in the HPI rose by 12.10 percent on an annual basis as compared to May’s reading of 12.20 percent.
This is the highest rate of monthly growth for home prices since the peak of the housing bubble in 2006. 
June’s home prices remained approximately 23 percent lower than peak prices, but economists consider the bubble peak an anomaly and caution against comparing current … (2 comments)

montgomery county pa: Existing Home Sales - Highest New Home Inventory Since January 2012 - 08/27/13 01:27 AM
Existing Home Sales - Highest New Home Inventory Since January 2012  
The National Association of REALTORS reported that existing home sales for July came in at 5.39 million on a seasonally adjusted annual basis. July’s reading exceeded both expectations of 5.21 million existing homes sold and June’s reading of 5.06 million homes sold.
This suggests good news for home buyers who’ve been constrained by limited supplies of homes for sale.
As home prices continue increasing in many areas, more homeowners are likely to list their homes for sale. Existing home sales for July rose by 6.80 percent year-over-year.
The Federal … (1 comments)

montgomery county pa: Tips For Helping Your Kids Adjust To A New School - 08/15/13 11:49 PM
Tips For Helping Your Kids Adjust To A New School  
August means it’s time to get your children ready for school once more. Picking out backpacks, going clothes shopping and finding all the right school supplies can be hectic enough.
However, when you’ve moved and your children have to start all over in a new district, there’s even more to worry about!
Summer fun can make the sunny months fly by. It’s easy to forget that with the beginning of school comes excitement and anxiety for your little ones — especially if they’re starting out somewhere new.
So help them … (0 comments)

montgomery county pa: Issues That Can Become Deal-Killers For Your Mortgage Application - 08/15/13 12:16 AM
Issues That Can Become Deal-Killers For Your Mortgage Application  
A mortgage loan approval is never final until it’s funded. And that means after you’ve signed the final paperwork and the bank has wired funds to escrow.
Mortgages are made up of many moving parts, any of which might “go wrong” while your home loan is underway.
Some are in your control, like deciding to purchase new items on credit during the mortgage process, many more are not. These “not in your control” items are the ones that you may not be thinking of.
Just being aware of some potential pitfalls … (0 comments)

montgomery county pa: How To Choose The Right Neighborhood When Buying A Home - 08/12/13 11:37 PM
How To Choose The Right Neighborhood When Buying A Home  
The old real estate cliche’ about “location, location, location” is true, as the area of the city where your home is located will have an impact on its future value as well as your lifestyle.
So what factors should you consider when you are choosing which neighborhoods to house hunt within?
Proximity to Your Daily Needs
If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day.
While this might be worth the cheaper prices for properties out of … (1 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week – August 12, 2013 - 08/11/13 11:34 PM
What’s Ahead For Mortgage Rates This Week – August 12, 2013  
Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S.
They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans.
According to CoreLogic, U.S. home prices increased at their fastest pace since February 2006. Mortgage rates rose incrementally, and the Weekly Jobless Claims report came in lower than the expected 339,000 at 333,000 new jobless claims.
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montgomery county pa: Quick Tips To Beat The Heat And Save On Your Electric Bill - 08/09/13 08:06 AM
Quick Tips To Beat The Heat And Save On Your Electric Bill  
Summer always brings with it a hard choice: Do you turn down the thermostat to stay cool and resign yourself to high power bills? Or, do you sweat it out to save some dough?
If you've been struggling with this dilemma, don't fret.
With a programmable thermostat, you can beat the heat and save money, too. They are easy to install and can save you over $100 a year.
The key is that they have different temperature settings for certain times of the day. The latest models can … (0 comments)

montgomery county pa: A Few Red Flags To Look For When Buying Real Estate - 08/06/13 11:44 PM
A Few Red Flags To Look For When Buying Real Estate  
If you're looking to purchase real estate, keep in mind that the homes you are considering might be in need of repairs or improvements.
In a recent study done by a major home inspection company, at least 40 percent of previously owned homes on the market have at least one serious issue or defect.
When buying real estate, you should have a professional inspection performed on the property to look for any issues that might not be visible to the untrained eye.
It's better to identify this damage before … (0 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week- August 5, 2013 - 08/05/13 12:10 AM
What's Ahead For Mortgage Rates This Week- August 5, 2013
The past week brought encouraging economic news from several sources.
The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector jobs added than expected.
While weekly jobless claims were fewer than expected, the national unemployment rate remained elevated:
Monday: Pending Home Sales: The National Association of REALTORS reported that sales contracts fell in June due to rising mortgage rates and a tight inventory of available homes.
Tuesday: The S&P Case-Shiller Home Price Indices showed that national home … (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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