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
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
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
Details On Variable Rate Mortgages In PA
Variable rate mortgages are considered by many home buyers due to the lower monthly payments at the beginning. The interest rate can be below fixed rate mortgages, but this is not always true. Home buyers should understand how these mortgages work
Tax Deductions For Purchasing A House In PA
There may be different tax deductions for purchasing a house. Deductions lower your taxable income and thus result in fewer taxes owed. It is useful to understand the tax advantages before purchasing a property or if analyzing renting versus buying.
Reasons Why Buyers Should Have Pre-approvals Before Visiting PA Homes
If you are getting ready to buy a home, do not forget the critical introductory step of getting a home loan pre-approval. A pre-approval involves evaluating your financial information and credit ranking to identify whether you can be approved for a
Purchasing PA Short Sale Listings
Short sales are much different from the normal home sale process. Before considering or purchasing a short sale, it is essential that you understand what they are and how they work. This article contains some important facts on purchasing PA short
PA Mortgage APR Vs. Interest Rate
When reviewing options for mortgages, you typically are presented with information on interest rate and APR. These are often misinterpreted as being synonymous, but they are very different. It is helpful for home buyers to compare both. The following