mortgage advice: What are the Pros And Cons Of Adjustable Rate Mortgages? - 01/15/14 10:23 PM
What are the Pros And Cons Of Adjustable Rate Mortgages?

When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is whether to apply for a fixed or adjustable rate mortgage.
In some cases, an adjustable rate mortgage may be your best option, but keep in mind, they are not the answer for everyone. Adjustable rate mortgages can be risky for some borrowers and it’s important to understand both the pros and cons.
When To Consider An Adjustable Rate … (0 comments)

mortgage advice: TOP 3 Things To Consider When Making A Down Payment - 01/08/14 10:06 PM
TOP 3 Things To Consider When Making A Down Payment
One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to pay "discount points" to lower your interest rate.
There are pros and cons to doing both and each borrower's situation will be different so it's important to understand which option is best for your individual need.
Some Factors You Should Consider Include:
Cost Of Borrowing - generally speaking, … (1 comments)

mortgage advice: Factors To Consider When Applying For A Home Mortgage - 11/06/13 10:26 PM
What You Need to Know Before Applying For A Mortgage
Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you?
Reputable lenders look at a list of criteria to decide how much they’ll loan you.
This List Includes:
Credit score Existing assets including cash Car leases or loans Credit card balances Debt consolidation loans Home equity loans Installment loans Student loans Other monthly debts Size/source of your down payment If you’d like … (0 comments)

mortgage advice: City Lights Or Starlit Nights, What Home Location Is Best? - 10/23/13 01:54 AM
City Lights Or Starlit Nights, What Home Location Is Best?
If you are looking to buy a home, you might be wondering whether you should be looking for properties that are right in the center of the city or property in a rural area a short drive away.
The rural or urban decision will ultimately be up to you, as there are advantages and disadvantages to either option. The main difference will lie in your priorities – what type of lifestyle is most important to you?
Living In The City
One of the main perks of buying a property that … (0 comments)

mortgage advice: Get The Lowdown On Private Mortgage Insurance - 10/16/13 12:12 AM
Get The Lowdown On Private Mortgage Insurance  
You may have heard the term Private Mortgage Insurance when looking to finance real estate. What is PMI, and how do you know when you need to purchase it?
The answer can be hard to find among all the real estate jargon you’re hearing lately. Below is the short version of what you need to know.
What Is Private Mortgage Insurance?
PMI is an extra insurance required by some lenders to offset their risk of you defaulting on your home loan. When you put down less than 20 percent of the real estate’s … (1 comments)

mortgage advice: 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)

mortgage advice: 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)

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

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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