real estate: How To Buy A Bargain Home As A Short Sale - 06/13/19 01:00 PM
A short sale is when the mortgage lender(s) agrees to sell the property for a lower amount than the loan-balance remaining.
During the worst moments of the 2006 to 2008 real estate crisis, homes sold as short sales for a fraction of their value. Lenders had so many properties with loans in default that they could not manage the ones that they had in foreclosure.
Foreclosure is an expensive legal process that causes a lender to lose more money on a property. This is one of the motivators that encourages lenders to accept a short sale because sometimes through a short sale the … (0 comments)

real estate: What’s Ahead For Mortgage Rates This Week – May 28th, 2019 - 05/28/19 03:10 PM
Last week’s economic news included readings on sales of new and pre-owned homes; weekly readings on mortgage rates and first-time jobless claims were also released.
Sales of New and Pre-Owned Homes Lower in April
Sales of brand-new homes fell nearly seven percent in April according to Commerce Department reports. Analysts noted that March sales of new homes were revised upward, which contributed to the difference between March and April readings. 673,000 new homes were sold in April on a seasonally adjusted annual basis. Analysts expected a reading of 670,000 sale of new homes; this reading was based on the initial March reading which was later revised … (0 comments)

real estate: Loan Servicing Companies - 05/22/19 11:54 AM
What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?
A borrower may get a written notice or an email that their mortgage sold to another entity or that a new loan servicing company will now be collecting the mortgage payments. The borrower needs to exercise extreme caution before just sending in a payment to the new company. It is prudent to double check to see if the communication is legitimate because many people get scammed by this … (1 comments)

real estate: Can I Sell A House That Still Needs Repairs? - 05/15/19 08:49 AM
When you started thinking about putting your house up for sale, you probably made a list of repairs that need to be done ahead of time. If that list was long, you might be at a point where you’re asking if it’s all worth it. Will prospective buyers really notice the little things? And even if they do, will that affect how much you’re able to get for your home?
You Can Sell An Imperfect House
Your house doesn’t need to be perfect in order to sell it. Many older homes have some issues like outdated kitchens and bathrooms or wall-to-wall carpeting that … (0 comments)

real estate: How to Become A Billionaire Land Trader - 05/08/19 08:47 AM
Trading land like a billionaire relies on three simple premises. The first one is to acquire the land for cheap. The second one is to never intend to sell it. The third one is, if you trade it, trade up.
Howard Hughes
Billionaires that start with an inheritance have an advantage. Howard Hughes was born into wealth. His father invented an oil drill that penetrated difficult, hard rock, which made Howard Hughes one of the richest men in the world from his inheritance.
Hughes visited Las Vegas during WWII for the first time. Then, in the 1950s, he traded some parcels of desert land … (0 comments)

real estate: 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)

real estate: What To Look For In A Real Estate Agent - 05/01/19 02:10 PM
You have lots of choices when it comes to choosing a real estate agent. Aside from deciding if you’d prefer to work with a man or woman, and what age range you’d like them to be, here are some tips to help ensure that you pick one that is best suited for your needs.
Signs In Their Bio
The first thing to do is read the bios of any real estate agents you’re considering. Bios tell a lot about an agent, including what certifications they hold and how long they’ve been an agent. Some bios even have some personal information such as charitable … (0 comments)

real estate: The Economics Of Going Green For Home Sales - 04/30/19 02:30 PM
Earth Day is celebrated each year in April to remind us all of the benefits of ecologically-sound living that is more in harmony with Mother Earth. There is quite a bit of positive news when it comes to going “green.” There are significant benefits for home sales.
Green homes may sell faster and for higher prices. Many people are willing to pay more for a green home in order to receive the long-term benefits of the savings on utility costs.
The Numbers Are Very Appealing
AHS reports many encouraging statistics. The estimates are about one-third of the real estate market for single family homes … (1 comments)

real estate: 8 Curb Appeal Tips for Selling Your Home Fast - 04/24/19 11:27 AM
From small touches such as new lighting to larger efforts such as tiling the porch or stoop, creating curb appeal is one of the best investments you can make to resell your home fast.
Here are eight ideas to maximize curb your appeal.
Landscaping Is Critical For The First Impression
Cut Back Trees and Shrubs. Landscaping should enhance your house, not overwhelm it. Trimming can bring impressive results. If you don’t have a steady hand, leave it to a professional or handy relative. Manicure Your Lawn. A freshly mowed lawn is a must the week before a showing. Be sure to trim and edge … (0 comments)

real estate: 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)

real estate: NAHB: Home Builder Confidence Rises in April - 04/18/19 12:05 PM
Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.
November’s builder confidence reading was the lowest since housing markets tanked in 2008, Builder confidence recovered over the past few months despite headwinds including higher materials costs and shortages of labor and buildable lots.
Home Builder Confidence Holds Steady Despite Headwinds
NAHB Housing Market Index readings over 50 indicate that most home … (0 comments)

real estate: What’s Ahead For Mortgage Rates This Week – April 8th, 2019 - 04/08/19 10:58 AM
Last week’s economic news included readings on construction spending and inflation; labor sector reports on the national unemployment rate, public and private sector employment were also released. Weekly readings on mortgage rates and new jobless claims were also released.
Construction Spending Rises, Retail Sales Slip
Construction spending expanded by one percent in February according to the Commerce Department spending was one percent higher month-to-month; analysts expected a negative reading of -0.10 percent. February saw a revised gain of 2.50 percent growth in construction spending.
Construction spending grew 1.10 percent year-over-year; by comparison, 2016 construction spending reached 10 percent year-over-year. High demand for homes and lower … (0 comments)

real estate: Reduce Your Carbon Footprint with These DIY Home Projects - 04/05/19 01:02 PM
Your carbon footprint is the measure of your impact on the earth’s natural resources. This number describes the amount of fossil fuel it takes to support your lifestyle. In the United States, each person produces an average of 19.78 tons of carbon dioxide every year. A high carbon footprint means your daily habits are a quickening drain on our finite resources. 
Homeowners can use these DIY projects to reduce the effect of their lifestyle on the environment.
Try Solar Solutions
A residential solar system gathers photo-voltaic energy from the sun and converts it into usable electrical current. Once installed, any energy your system produces … (0 comments)

real estate: What’s Ahead For Mortgage Rates This Week – April 1st, 2019 - 04/01/19 07:33 AM
Last week’s economic reports included readings from Case-Shiller on home price growth, Commerce Department readings on housing starts and building permits issued. The Conference Board issued its monthly reading on consumer confidence. Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released.
Case-Shiller Home Price Indices: Price Growth Slows in January
S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand. Affordability concerns sidelined buyers; participation of first-time home buyers remained lower than average.
Case-Shiller’s 20-City Home Price Index charted its third … (1 comments)

real estate: 3 Ways to Reduce the Environmental Impact of Your Home Renovation Project - 03/29/19 07:00 AM
The right home renovation strategy can increase property values and improve the comfort and utility of your space. However, your actions could have a harsh impact on our natural resources.
Here are several ways you can reduce your renovation’s effect on the environment.
Use Sustainable Products
Choose Earth-friendly materials for a greener build.
Try reclaimed flooring. Ask permission at construction sites or search internet exchange boards to find unwanted extras. With a little artistic imagination, you can turn those cast-offs into a unique visual display.Re-purpose existing material. Turn old doors into unique furniture pieces like tables and privacy shades to spruce up your new space.Pick … (0 comments)

real estate: What’s Ahead For Mortgage Rates This Week – March 25th, 2019 - 03/25/19 01:27 PM
Last week’s economic news included readings from the National Association of Home Builders, Federal Reserve Federal Open Market Committee and a press conference by Fed Chair Jerome Powell.
Sales of pre-owned homes in February were reported along with weekly readings on mortgage rates and new jobless claims.
NAHB: Builder Confidence Unchanged Despite Headwinds
Home builders remained confident about housing market conditions in March. The NAHB Housing Market Index posted a reading of 62, which matched February’s reading and fell one point short of expectations. NAHB Index readings above 50 represent a positive outlook on housing market conditions.
Home builders continued to face obstacles including high … (0 comments)

real estate: NAHB: Housing Market Index Flat in March - 03/20/19 02:28 PM
Builder sentiment held steady in March as headwinds in housing markets affected homebuilder confidence, but National Association of Home Builders Chairman Greg Ugalde said that builders were looking forward to a “solid spring home-buying season.” Builder sentiment mirrored February’s index reading of 62; analysts expected an uptick to 63.
Any Housing Market Index reading over 50 indicates that more builders than fewer have a positive outlook on housing market conditions. The average reading for 2018 was 67, which indicated that builders were less confident current market conditions for new homes than in 2018.
HMI Component Readings Mixed in March
Three sub-readings used to calculate … (0 comments)

real estate: 3 Questions to Ask Before You Buy Your First Home - 03/19/19 02:38 PM
Hunting for your new home can be a confusing process. There are countless factors you need to take into account to ensure your new location fits your family’s lifestyle and preferences. In their excitement, first-time home buyers can easily overlook some essential points about their potential property.
When you’re searching for your new residence, ask these questions to get exactly what you’re looking for.
Am I Financially Ready For A New Home Purchase?
It takes more than money to find the right home. Your credit rating is an important factor in your ability to secure enough funding to finance your dream. Check out your … (0 comments)

real estate: What’s Ahead For Mortgage Rates This Week – March 18th, 2019 - 03/18/19 09:57 AM
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims.
Retail Sales Increase after Lowest Reading in 10 Years
Retail sales rose by 0.20 percent in January; analysts expected an increase of 0.10 percent based on December’s negative revised reading of -1.60 percent. Home centers and internet retailers led in overall sales; retail sales without the automotive sector were higher with an 0.90 percent increase in January, which exceeded expectations of an 0.40 percent increase.
December had a negative reading of –2.10 … (0 comments)

real estate: 5 Financial Terms Every Real Estate Investor Should Know - 03/15/19 11:52 AM
The success of your real estate ventures depends on your ability to navigate the financial world. Learn these terms to make it easier to understand what’s going on with your real estate investments.
Cash Flow
Contrary to popular belief, cash flow isn’t just the amount of liquid assets you have available. Your cash and unused lines of credit are an essential indicator of your ability to complete projects and pay the cost of ongoing operations. However, these factors don’t tell the whole financial story.
Your actual cash flow is the difference between your gross income and your financial obligations. You can have a large … (0 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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