montgomery county pa: What's Ahead For Mortgage Rates This Week: March 18th, 2013 - 03/18/13 05:58 AM
What's Ahead For Mortgage Rates This Week: March 18th, 2013

Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower.
As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 percent in discount points.
The average mortgage rate for a 15 year loan was 2.79 percent with borrowers paying their own closing costs and 0.8 percent in discount points.
Strong Retail Sales Show Consumer Confidence Improving
In other … (0 comments)

montgomery county pa: 3 Common Myths About Real Estate Short Sales - 03/05/13 11:35 PM
3 Common Myths About Real Estate Short Sales  
There is a lot of misleading and incorrect information about Montgomery County real estate short sales.
Many people don't have a clear understanding of the purpose of short sales or how they actually work.
Essentially, a short sale is when one sells their home for less than the balance remaining on the mortgage attached to the property.
The proceeds from the sale are used to repay a pre-negotiated portion of the balance to settle the debt.
A short sale can be a solution for homeowners who really need to sell their home … (3 comments)

montgomery county pa: Strong Builder Confidence May Signal Good Time To Buy New Homes - 03/05/13 01:09 AM
Strong Builder Confidence May Signal Good Time To Buy New Homes
Many times real estate market experts point to the feelings of the nation's home builders as a bell-weather signalling the health of the housing sector.
This month's reading indicates that home builders are feeling pretty good.
The National Association of Home Builders / Wells Fargo Housing Market Index (HMI) for February changed by one point to 46 as compared to 47 for January's reading. 
Over the last four months, HMI readings have stayed within a three-point range between 45 and 47, indicating a plateau after rising from 25 to … (0 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week: March 4th, 2013 - 03/03/13 10:23 PM
What's Ahead For Mortgage Rates This Week: March 4th, 2013  
U.S. Budget Stalemate, Italian Elections Stir Concerns
Mortgage rates were lower last week as investors sought 

safety in bonds in the wake of US legislators' failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform.
When bond prices including Mortgage Backed Securities rise, mortgage rates typically fall.
While the March 1st deadline for passing budget cutbacks for the U.S. government passed without a resolution, emergency legislation passed last year will keep the government running until March 27.
 
If … (1 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week: February 25th, 2013 - 02/24/13 11:03 PM
What's Ahead For Mortgage Rates This Week: February 25th, 2013  
A quiet past week in economic news caused mortgage rates to worsen slightly.
This week, however, will be packed with economic reports which may have an impact on interest rates going forward.
Freddie Mac reported that the average rate for a 30-year fixed rate mortgage rose by 3 basis points from 3.53 percent to 3.56 percent with borrowers paying 0.8 in discount points and all of their closing costs.
The average rate for a 15-year fixed rate mortgage was unchanged from last week at 2.77 percent with borrowers paying 0.8 … (0 comments)

montgomery county pa: 5 Power Saving Ideas That Can Lower Your Energy Bill - 02/22/13 04:06 AM
5 Power Saving Ideas That Can Lower Your Energy Bill
How to Save Money on Energy Costs in Your Home

Many communities in Pennsylvania and around the US are seeing their energy costs increase; sometimes dramatically.
Whether you are energy conscious or just trying to save money, there are many steps you can take to lower your Collegeville home bills while helping the environment at the same time.
Below are several energy-saving measures to help you save money either in your current house or future residence. 
Heating and cooling
Keeping your home at a comfortable temperature uses more energy … (2 comments)

montgomery county pa: 6 Tips For Buying An Older Home in Montgomery County - 02/20/13 11:30 PM
6 Tips For Buying An Older Home in Montgomery County
Older Montgomery County homes sometimes offer more charm and character than the newer houses of today. They boast gabled roofs, crown moldings, hardwood floors and antique fixtures.
Buying an old house is like buying a piece of local history. Its beautiful period features can give it a timeless beauty and grace that is hard to resist.
However, buying a house from another era can be an endeavor fraught with potential problems. Older houses are not necessarily built to the same electrical or plumbing standards of today. Plus, if they have … (1 comments)

montgomery county pa: When Can You Buy Real Estate After Foreclosure? - 02/20/13 11:08 PM
When Can You Buy Real Estate After Foreclosure?
If you lost your Montgomery County home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow  you an opportunity to buy that new home sooner than you think.  
There are a few guidelines that lenders follow to determine when you’ll qualify for financing after foreclosure. Arming yourself with this information may help you qualify again for a mortgage.
Foreclosure With Extenuating Circumstances
Generally, lenders will take into consideration any extenuating … (0 comments)

montgomery county pa: Clever Tips for Paying Off Your Home Mortgage Faster - 02/17/13 10:20 PM
Clever Tips for Paying Off Your Home Mortgage Faster
Paying off the mortgage on your Montgomery County home faster not only means that you'll be able to enjoy the peace of mind that comes with completely owning your property sooner, but you may also save thousands of dollars in mortgage interest payments over time.
Below are seven clever tips to help you get your mortgage payments on the fast track.
Save for a large down payment
Make as large of a down payment as you can reasonably afford. The more cash you can put down, the less you'll have to borrow … (1 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week: February 11th, 2013 - 02/10/13 11:19 PM
What's Ahead For Mortgage Rates This Week: February 11th, 2013
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in Pennsylvania and across the country.
According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along with a full complement of closing costs.
The U.S Department of Commerce reported that Factory … (0 comments)

montgomery county pa: How To Paint Your Home's Exterior Walls - 02/06/13 10:45 PM
How To Paint Your Home's Exterior Walls
When preparing to sell a home, few things improve its curb appeal more than a fresh coat of exterior paint.  
Many people are intimidated by the thought of painting their home's exterior, and choose to hire a third-party to handle the work. But, you can do it yourself, with these easy steps.
First, before starting, you'll want to inspect your home. Examine all walls, look under the eaves, and pay attention to door frames and windows.  Be on the lookout for peeling paint, mildew and rough surfaces and make a note of them.
Next, … (2 comments)

montgomery county pa: 3 Reasons To Attend Your Own Home Inspection - 01/31/13 12:38 AM
3 Reasons To Attend Your Own Home Inspection  

As a home buyer in Montgomery County , you can get a feel for whether a home's systems and appliances are in working order. However, you can't know for certain until after the home's been inspected.
This is why real estate agents recommend that buyers hire a licensed home inspectors immediately after going into contract. It's the best way to really know the home which you're buying. 
By definition, a home inspection is a top-to-bottom check-up of a home's physical condition and systems, including a review of the structure, and its … (3 comments)

montgomery county pa: Simple Fixes To Help Your Home Sell More Quickly - 01/27/13 09:58 PM
Simple Fixes To Help Your Home Sell More Quickly
If one of your New Year's Resolutions is to sell your Montgomery County home, there are a few simple steps you can take to help prepare it for showings.
With a prospective buyer in mind, take a tour of your home, making a list of the good, the bad, and the not-so-bad. You may spot areas in need of major renovation; and areas which could benefit from just a basic touch-up.
It's these latter areas which will likely yield the biggest return on your investment so, in preparation for making your … (1 comments)

montgomery county pa: Tips For Selling Your Home In The Colder Winter Months - 01/23/13 10:55 PM

Tips For Selling Your Home In The Colder Winter Months
Real estate agents in Montgomery County will tell you that it can be harder to sell a home in the winter. The days are colder and shorter, leaving less time to show a home to potential buyers.
The good news, though, is that most buyers looking at houses in the winter aren't just killing time. They're serious enough about finding a new home to house hunt at a time when most people might rather stay inside.
There are a several steps you can take to make a good impression on … (1 comments)

montgomery county pa: Selling? Improve The Appearance Of Your Home's Bathrooms - 01/22/13 12:02 AM
Selling? Improve The Appearance Of Your Home's Bathrooms


Full-scale bathroom remodeling can be expensive and, in today's Montgomery County housing market, you won't likely get all of the money back that you put into it at the time of sale.
Knowing that bathroom projects tend to have a low return on investment, therefore, here are a few inexpensive changes which you can make to spruce up bathrooms in a home for sale.
Fixtures 
Most sellers will notice if the fixtures in a bathroom are old, and it can have a negative effect on their view of your home. Buy a … (2 comments)

montgomery county pa: Improve Your Credit Score To Get Better Mortgage Rates - 01/20/13 09:49 PM
Improve Your Credit Score To Get Better Mortgage Rates
For home buyers in Montgomery County and nationwide, credit scores can change low mortgage rates and alter home loan approvals.
Borrowers with high credit scores get access to lower mortgage rates, for example, and can find the mortgage approval process to be more smooth that borrowers with low credit scores.
If your credit score is low, here are some basic ways to help improve it. 
Get The Reports
Download an updated version of your credit report from each of the three major reporting bureaus -- Equifax, Experian and TransUnion. The reports may mirror … (0 comments)

montgomery county pa: What To Do When Your Home Doesn't Appraise At Its Purchase Price - 01/16/13 11:03 PM
What To Do When Your Home Doesn't Appraise At Its Purchase Price

Experienced home sellers in Montgomery County know that reaching a sales agreement with a potential buyer can be just the start of the negotiation process. There are often inspection issues to resolve, among other items.
One particular negotiation point which can present difficulties for both buyers and sellers is when a home's appraised value falls short of its contracted sales price.

Sometimes, this happens because the home's price was inflated. Other times, it's the result of a faulty appraisal.
As a home seller, there are some common appraisal problems of which you should be … (0 comments)

montgomery county pa: 27 Months Of Consecutive Job Growth Helping Home Prices Rise - 01/14/13 11:02 PM
27 Months Of Consecutive Job Growth Helping Home Prices Rise

The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street's 
expectations by 5,000 net new jobs, showing 155,000 positions created in December.
The December tally raised the economy's 12-month total to 1.84 million net new jobs created nationwide. Jobs added in December mark the 27th consecutive month of job growth.
Job sectors showing the strongest growth to close out 2012 included:
Health Care Drinking and Eating Establishments Construction Manufacturing Private-sector hiring is driving the jobs market, too. 168,000 new private sector jobs were added in December. Government jobs … (0 comments)

montgomery county pa: Choosing "Green Homes" in Montgomery County PA - 01/13/13 10:38 PM
Choosing "Green Homes" in Montgomery County PA

"Green" homes can be great for the environment and can save you money over time.
For environmentally-conscious homeowners wanting to minimize their footprint and their energy bills, there are four areas upon which to focus. 
In-Home Energy-Efficiency
According to the Environmental Protection Agency (EPA), as of December 2012, buildings account for 68 percent of the nation's total energy consumption. Green homes can reduce this figure via energy-efficient appliances; well-sealed, double-glazed windows; and good insulation. Alternative energy sources such as solar panels can also reduce energy use.
Green Building Materials
Building materials are determined to be … (0 comments)

montgomery county pa: Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data - 01/07/13 10:21 PM

Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data
Mortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff".
Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday.
For Thursday and Friday, expect jobs data to dictate where Montgomery County mortgage rates are headed.
The Federal Reserve has said that the national Unemployment Rate will dictate future monetary policy, with the central banker planning to raise the Fed Funds Rate from its target range near zero percent once joblessness falls … (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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