mortgage: The Benefits Of Adding An In-Law Apartment To A Home - 06/18/19 01:36 PM
One renovation that may add value to a home is an in-law apartment. Even if a homeowner does not have any relatives, an in-law apartment makes wonderful guest accommodations. It is possible to rent it when unoccupied to earn some money.
Homeowners who rent out part of a home need to check with their insurance agent to upgrade insurance to accommodate commercial use of a part of the home.
Additionally, a person staying in an in-law apartment, who is not a member of the owner’s household, may need to get renter’s insurance to cover any personal property kept in the in-law apartment.
Renovation Plans
An … (0 comments)

mortgage: What Is A Reverse Mortgage? - 06/12/19 10:47 AM
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments.
A reverse mortgage may be helpful; however, not everyone qualifies for one. The benefits come with disadvantages as well. Here is a list of the advantages and the disadvantages for reverse mortgages.
Be sure … (0 comments)

mortgage: The Benefits Of Developing A Multi-Use Property - 05/10/19 07:06 AM
Renovations that create a multi-use property or the development of a new multi-use project can be a very attractive investment especially in urban areas that are undergoing redevelopment. The concept of multi-use is to make the most of the site that is revitalized or developed.
Multi-Use Projects
Typical multi-use projects have a mixture of retail space, restaurants, offices, and/or living spaces. They may include parking areas. Large multi-use projects can also become destination locations that are core improvements, which create a momentum for the gentrification of an entire area. Waterfronts, boardwalks, and walking promenades are successful as multi-use projects in many cities.
The advantages … (0 comments)

mortgage: Can I Qualify For A Mortgage Without W-2 Income? - 05/07/19 09:44 AM
It’s more common these days to have non-traditional income that doesn’t fall into the W-2 category. Many people work in what is referred to as the “gig economy,” where income might come from a variety of freelance sources.
Other times, people don’t have W-2 income because they are retired or have an independent source of wealth that generates interest income. Still other times, an individual may own their own business and take draws instead of a paycheck. In all these cases, it might seem impossible to qualify for a mortgage, since there’s no W-2 income. 
Lenders Are Understanding
Thankfully, many lenders understand when a … (1 comments)

mortgage: 4 Ways A Little Paint Can Revitalize Your Home - 04/19/19 08:09 AM
Fixing up your home doesn’t have to be a budget-breaker. You can revitalize the look of your property with a little bit of paint in the right places.
Here are some areas that will really stand out to visitors or prospective home buyers.
1. Front Door
The front door always makes the first impression on visitors to your home. Remember that while they are waiting to enter your home, potential buyers have nothing to do except get a good look at your front door. For maximum impact, paint the front door a contrasting color to your house color. If budget allows, add a new … (4 comments)

mortgage: 3 Critical Tips for Buying a Home in a Short Sale - 11/21/18 10:18 AM
You just found your perfect home, and you feel like everything is right including the price. But, what could be wrong with your ideal home? Maybe, it is being sold as a short sale, and that could present a major challenge if you want to become be the eventual homeowner.
Short sales are different from other conventional real estate transactions since the property in question is usually listed at a price that is much lower than the amount of the outstanding mortgage debt.
Unlike a regular sale, the homeowner must obtain permission from the lender before proceeding with the transaction. Whether you are … (0 comments)

mortgage: 5 Real Estate Professionals Who Assist You When Buying Your First Home - 11/20/18 07:10 AM
So you’re set to buy your first house. But where do you begin?
Buying a house for the first time can be nerve-racking. Most advice articles often concentrate on the steps involved in buying a house. To streamline things, let’s focus on the people who will likely be involved in your purchase transaction.
Concentrating on the finding the right professionals can help you navigate the entire buying process easier and more comfortably. Most people start with their home loan financing or locating a property with a real estate agent. Many of the other people involved in the transaction will be referred by these … (0 comments)

mortgage: 5 Home-Buying Pitfalls To Avoid - 11/16/18 09:54 AM
Buying your home can be nerve-racking, especially if it’s the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high. 
In today’s real estate market where demand surpasses supply, you can’t afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid. 
Not Doing Your Homework Well 
Fortune favors the prepared in real estate. And preparedness begins with understanding your finances. A wise buyer examines assets, analyzes debts and gets finances pre-approved before jumping into the house hunt. 
Know … (0 comments)

mortgage: 5 Creative Ways To Buy A Foreclosure - 11/15/18 08:15 AM
Buying a foreclosed home is easy, right? After all, they sell for pennies on the dollar, right? Well, that could be a false assumption. Buying a foreclosed property appears easy on TV, but in reality, it can be overwhelming. 
Foreclosure sales continue to decline in the market from 38.6 percent in 2011 to 14 percent in 2017 but ticking up a bit in 2018 according to Attom Data Solutions, a national property data company. As foreclosure sales drop, competition for these properties become stiffer and more complex. And as home prices increase in most cities, buyers often turn to foreclosures as affordable alternatives … (1 comments)

mortgage: 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)

mortgage: Buying A Home? Take Stock Of These Things - 08/31/18 06:13 AM
What are some of the most important factors that buyers take into consideration when looking for a new home? There are the obvious things like price, square footage, location and lot size. Those are the basics. Other things that are often weighed are garage size, how updated the kitchen and baths are and whether or not the basement is finished.
All of these are very important to consider, but there are other more “hidden” aspects of a home that many prospective buyers may not take into account. And it’s these aspects that could really come to bite them where it hurts if … (0 comments)

mortgage: Working From Home: 5 Best Tips To Make It Work - 07/10/18 12:48 PM
Carving out space for a home office isn’t always easy, but if you have the option to work from home even part of the time, it’s essential to have a space that works for you.
Here are 5 great ways to meet those needs:
Adapt A Closet
A guest room closet with bi-fold doors can become a perfect workspace with the addition of a shelf at the proper height to hold a computer or calculator and proper task lighting. Hang a bulletin board or add open shelving on the back wall. Multiply the functionality with a small cabinet or a portable file rack. The … (1 comments)

mortgage: 3 Reasons You Might Consider Refinancing Your Mortgage in Early 2018 - 01/26/18 09:03 AM
If you are a homeowner who has had their mortgage for a few years, you may be starting to wonder about refinancing. In essence, this is the process of retiring your current mortgage and taking out a new one because the terms are more favorable to you. Below we will share three reasons why you might want to look at refinancing your mortgage this year. Let’s get started.
Can You Use Some Extra Cash?
Ask yourself: if you had some extra money on hand, how would you use it? Many homeowners refinance to pull out some of the equity value that they have … (2 comments)

mortgage: 3 Reasons to Use an Experienced Mortgage Pro for Your Next Mortgage - 01/12/18 07:43 AM
Are you thinking about buying a new home in 2018? Whether you are a first-time home buyer or you’re downsizing now that the kids have moved out, you are likely considering whether or not you will need a mortgage. Even if you can afford to buy a home in cash, taking out a mortgage can help you maintain your liquidity for other spending purposes.
No matter what the case, you will want to work with someone who can help you understand your options and what the right decision might be. Let’s explore three excellent reasons why you should work with an experienced … (1 comments)

mortgage: Here's How to Buy a Piece of Land and Build a House on It With a Mortgage - 01/04/18 12:11 PM
Have you been hunting for a new house without finding one that suits your needs? If so, one option that you may want to consider is building a new construction home on a choice piece of land. In today’s blog post we will explore a few different mortgage options for those who are looking to build a brand-new home.
Qualifying For A Construction Mortgage
As with any mortgage product, the first step you will want to take is to begin the qualification process. As your lender does not have a completed house to use as collateral for your loan, qualifying can take a … (1 comments)

mortgage: Buying a Rental Property? 4 Key Tips to Buy One That Turns a Profit - 01/03/18 11:16 AM
Are you starting to grow bored of watching your money go nowhere sitting in a bank account? With today’s interest rates doing little to encourage saving, many individuals are looking elsewhere for new investment opportunities. In today’s blog post we’ll share four essential tips for buying a profitable rental property. Let’s get started.
Buy A Property With Year-Round Potential
Many real estate investors agree that the best rental properties are those that generate income every day of the year. The most straightforward situation to manage is one where you have stable, long-term tenants in place that aren’t going to move or change often. … (2 comments)

mortgage: What’s Ahead For Mortgage Rates This Week – October 30, 2017 - 10/30/17 02:32 PM
Last week’s economic news included readings on new and pending home sales and weekly reports on mortgage rates and new jobless claims.
New Home Sales Exceed Expectations; No Growth for Pending Sales
September sales of new homes reached a 10-year high with a seasonally-adjusted annual rate of 667,000 new homes sold. Analysts said that high demand drove September sales past the expected rate of 555,000 sales and August’s reading of 561,000 sales of new homes. September’s reading was 19.9 percent higher than for August and was 17 percent higher year-over-year. September’s reading was 8.60 percent higher for year-to-date sales of new homes. This … (0 comments)

mortgage: 3 Ways to Win a Bidding War Without Busting Your Approval Amount - 10/26/17 07:14 AM
Are you making an offer on a new home in a hot housing market? If so, one possibility is that you are going to end up bidding against other buyers who are looking to buy the same home. Unfortunately, in some cases bidding wars are inevitable, and they can be a significant source of stress. Let’s take a look at three ways that you can win a bidding war without having to spend more than you can afford.
Price Is Important, But It’s Not Everything
The first consideration to keep in mind is that price is important, but it isn’t the sole consideration … (0 comments)

mortgage: Buying a New Home? Four Key Questions to Ask Your Mortgage Advisor - 10/19/17 06:55 PM
Are you in the market for a new home? If you are planning on borrowing some or most of the home’s purchase price, you’ll want to prepare yourself for the mortgage process. Let’s take a look at four key questions that you will want to ask your mortgage professional when you first meet to discuss your home loan.
What’s The Best Mortgage Option For Me?
As you probably know, there is a wide variety of mortgage loan options and programs on the market today. You may qualify for a number of mortgage loans along with certain government programs or specialty mortgages. Your mortgage … (0 comments)

mortgage: Three Reasons Why Your First Home Should Be a Spacious One - 10/13/17 12:00 PM
Buying a home for the first time? One of the key considerations you’ll need to make is just how much ‘house’ you want to buy. While going minimal might seem like a good idea to save on costs, having a smaller living space can end up cramping your lifestyle in many ways. Let’s take a look at three great reasons why your first home should be roomy, spacious and luxurious.
You Might End Up With More Family Than You Think
Have you considered whether or not you want to have a family? Whether you’re a single young professional or part of a newlywed … (2 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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