purchasing a home: Why is my credit score different?
- 02/09/23 07:08 AM
Let's dive in and get to the bottom of this. Why do I have so many different credit scores? When I open my credit card internet page, I can find a credit score. However, if I apply for a mortgage, they tell me I have a different score, why? There are many different models for calculating your credit score. The credit card supplies you most often with a score calculated by the Vanatage3 model. This is a more lax model than that used by the person pulling your credit for a mortgage which is often referred to as a FICO score. In fact, if … (10 comments)
purchasing a home: Fall 2019 is now the time to buy a Main Line home?
- 10/08/19 01:19 PM
When the Senior Vice president for your region is upbeat, more so than you have seen him in five years it is usually an indication that the housing market is pretty positive. For years we have been warning buyers to act now as interest rates are going to rise and all the indications have been there that this was true. But, for various reasons it has not materialized and we are still in a position when interest rates are extremely low, so much so that people think this is the new normal. So for buyers today things look very positive for purchasing a … (7 comments)
purchasing a home: 6 things to consider when choosing your buyer agent
- 01/12/18 10:45 AM
2018 is the year you are going to buy a home. You are looking on line finding homes, visiting open houses, you have your mortgage lined up, everything is looking good. Except you haven't chosen your buyer agent yet? Here are six things you need to consider when you interview different agents or consider when meeting an agent who might be your buyer agent. 1) Do we get on or is this person going to annoy me? 2) Do I trust this person? 3) Does this person have experience? 4) Is this person interested in helping me? 5) Who is this agent working for? 6) Most states have a … (16 comments)
purchasing a home: What is the role of the buyer's agent today?
- 07/11/16 12:15 AM
What is the role of the buyer's agent today? Do you need a buyer's agent? In today's market is there a need for a buyer's agent? With access to the internet on every device you have what does the buyer's agent bring to the table? What is the role of the buyer's agent today? The role of the real estate agent is changing and has changed over the last few years. Statistics show that buyers are searching for their new homes online in ever increasing numbers on more and more devices. The smart phone has pushed desktops and even laptops out the way. So why … (1 comments)
purchasing a home: Frequently Asked Question: Why do I need a pre-approval?
- 01/15/15 05:24 AM
Frequently Asked Question: Why do I need a pre-approval before seeing homes? We get many phone calls from customers who want to see a home. Many of these people have no relationship with any agent and do not understand the main line real estate process for buying a home. They just want to see a house they saw that they liked and so they often call the first number they can find. Our job is not to just show houses. Our time is limited, and therefore we ask those we are going to work with to obtain a mortgage pre-approval for several reasons. … (4 comments)
purchasing a home: FAQ's when buying a Main Line Home
- 10/08/14 01:35 AM
Frequently asked questions when buying a Main Line Home If you are buying a Main Line home outside of Philadelphia you may find things work a little differently to buying a home elsewhere, be that another country, another state or another city in Pennsylvania. We have developed a list of Frequently Asked Questions and answers, accessible on our website Selling the Main Line. Let us know if you have any questions not covered here. We will be happy to help you find your Main Line home be it a first time purchase, or a luxury mansion, contact us for more details. … (0 comments)
purchasing a home: First time buyers find success with a VA loan in Exton Station
- 05/21/12 07:12 AM
First time buyers Jason and Dana outside their new home they purchased and settled on this last Friday in Exton Station. Jason a Navy Veteran used a VA loan, provided through Prosperity Mortgage to purchase the home. VA loans have many benefits for buyers who qualify, allowing them to obtain a 100% loan, with no mortgage insurance premiums, and if the Veteran has any disability rating even as low as 10% the funding fee can be waived which is a significant saving. It also allows some seller assistance as well which can be helpful for young buyers purchasing their first … (2 comments)
purchasing a home: Why you won't buy what you want...exactly.
- 03/04/12 11:18 PM
Every buyer along the Main Line has a list of what they want from a home. Regardless of price point. The $150,000 one bedroom condo buyer and the multi-million dollar single family luxury home buyer. Many things on those lists actually are similar, just different scales. But every buyer also has a list of things they are willing to compromise on when they buy a home.
The want list you put together is very logical. What you buy is very emotional. Many buyers walk into a house and just know this is the one! Then they qualify it logically, ticking … (11 comments)
purchasing a home: Consumers don't think they can qualify for a mortgage
- 10/14/11 01:41 AM
Our broker posted the following link on our Facebook page about Consumers remain skittish on obtaining mortgages. Many young buyers today don't feel that they can afford a mortgage, not realizing with the low rates what they can afford, even if they have some debt as the story that follows bears witness. I recently had a rental listing and had a young man visit to see the property, whilst he applied unfortunately the landlord went with another couple who had seen it previously. But whilst he was looking at the apartment he asked, would the landlord consider a lease purchase. Interesting … (1 comments)
Let's dive in and get to the bottom of this. Why do I have so many different credit scores?
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