The real estate process normally involves earnest money deposits from buyers to demonstrate that they are proceeding in good faith. Deposits should be handled in a certain manner so as not to interfere with the mortgage approval process. This article
Are you thinking of refinancing? Refinancing involves certain costs but may lead to reduced monthly payments. It can take place with the existing lender that owns your loan or an entirely new lender. PA Homeowner Mortgage Refinancing Information
There are many steps in the real estate purchase process, and many relate to obtaining financing. It may be complicated for both new and repeat home buyers. This blog offers important information about steps in the home loan process for purchasing PA
A 1031 exchange is a way to defer taxes when selling one property and purchasing another. It applies to business or investment real estate. When utilized properly, it can result in significant savings. This article details the benefits of tax
Obtaining financing for real estate can be a difficult process because of the different loan options, the documentation involved, and the qualification process. Getting help from local PA home loan specialists may minimize some of the errors. In this
FHA is a home loan program where PMI is provided with federal funding. Most major lenders offer the program. Although the program is often utilized by first time buyers, it is not limited to them. This blog includes PA FHA Home Loan Program Overview
The qualified mortgage rule was issued by the Consumer Financial Protection Bureau in January 2013 as part of the Dodd-Frank Reform Act. It applies beginning January 2014 and affects the way lenders must analyze and verify information for customers.
A home inspection is an assessment of the structure and all utility systems by a certified professional. It traditionally encompasses an examination of each visible element of the inside and outside of a home. A certified home inspector has evaluated
The Consumer Financial Protection Bureau is responsible for overseeing and imposing regulations relating to monetary transactions. The Real Estate Settlement Procedures Act (RESPA) is a federal law that specifically pertains to property and financing
Calculating how much home you can afford in PA is an important starting point for any real estate buyers and should be completed prior to seeing properties for sale. This saves time and prevents heartbreak. There are several expenses to consider such