The real estate buying process can be somewhat confusing if you are going through it for the first time. The PA first time buyer advice in this blog will clarify some things. Real estate is a big investment and buyers should become well
Buying Advice
Definition Of Financed Mortgage Insurance
Mortgage insurance (MI) is a policy that protects lenders against borrowers defaulting on loans. It is generally required by a mortgage company on loans with a down payment that is less than 20% of the purchase price and is usually charged in
An Explanation Of Lender Closing Fees In PA
When you obtain financing for a home purchase, you will incur many different expenses related to the mortgage. These are normally called closing costs, but there actually include various types of fees. This blog provides an explanation of lender
Disputed Trade Accounts And The Impact On PA Home Financing
Everyone has a right to correct incorrect items on their credit report. However, home buyers must be conscious of the impact that this may have on obtaining a mortgage. This blog includes important information on disputed trade accounts and the
5 Mortgage Refinancing Factors – PA Refinance Factors
Refinancing your home loan can lead to big savings if completed under the right conditions. Every mortgage and borrower is different, so an opportune situation for one homeowner does not necessarily apply to others. Prior to making a decision to
Advantages Of VA Financing In PA
Veterans may obtain VA financing provided by private lenders but guaranteed by the VA. The guarantee insures mortgage companies from loss up to a specific value should a borrower defaults on a loan. Because of this guarantee, lenders are able to
A Comparison Of PA Appraised Versus Assessed Values
Appraised and assessed values are incorrectly confused with each other. As a home buyer or home seller, it is useful to distinguish the difference between the two. A comparison of PA appraised versus assessed values can be found below. What Are
PA Buyer Agent Services And The Benefits Of Hiring A Buyer Agent
As a home buyer, you have the benefit of agency services. Listing brokers have a legal obligation to promote the interests of their client, the sellers. They will treat all buyers honestly, but they must promote the best interests of the seller above
Mortgage Rate Changes Affect PA Home Loan Pre-approvals
When you are qualified for a mortgage, it is based on a certain monthly payment. The mortgage rate is assumed (as well as other figures such as taxes and hazard insurance). Mortgage rate changes affect PA home loan pre-approvals because it affects
What Makes Up PA Recurring Home Loan Payments
It is useful to understand what makes up PA recurring home loan payments for budgeting purposes. The acronym PITI is commonly used to remember the items, which are principal, interest, taxes, and insurance. All loan payments do not automatically