Tag Archive | "pennsylvania"
Santa Cruz County median home price in November falls to $410,000, lowest it’s been this year
… Santa Cruz County's home loans in November were for … offers for more than one home but have yet to be … ." In 2005, during the boom, the home fetched $400,000, one of … latest report, he notes the median loan modification recipient has a pre-income tax …
Continue reading...CEO: Mutual Dollar Bank still raising capital with $6.2 billion in assets
Thursday, December 15, 2011
… on unaudited figures, Oeler said. Loans increased 8.8 percent
Continue reading...Wilkinsburg in midst of $8.6M renovations
Wednesday, November 16, 2011
… County Department of Economic Development, the Pennsylvania Housing Finance Agency, PNC Bank and the Federal Home Loan Bank began an $8.6 million restoration of the properties. The partners, including Thompson, County …
Continue reading...FHA Mortgage Insurance Increases Yet Again in Harleysville, PA!
Sunday, February 20, 2011
If you are in the market to buy a home using the government's FHA program it is important to note that April 2011 brings another increase in the cost for the annual mortgage insurance premium.
Continue reading...What Does Quantitative Easing Mean for Harleysville, PA FHA Homebuyers?
Friday, November 19, 2010
You can’t turn on the news these days without hearing about the Federal Reserve Board’s attempt at keeping interest rates low to spur more lending (for mortgages, business lending and other consumer loans) via a plan known as Quantitative Easing part 2 (QE2).
Continue reading...Tax Credit Expiration and Even More Important Dates for Home Buyers in Montgomery County, Pennsylvania!
Wednesday, March 10, 2010
As most of you know, all buyers must have a fully executed agreement of sale on a property by April 30, 2010 and close by June 30,2010 to be eligible for either of the tax credits. These dates are extremely important but there are a few other pending changes that are creating an even greater sense of urgency for people looking to buy homes right now.
Continue reading...Looking for Real Estate in Harleysville Montgomery County, PA? Don’t foget about FHA!
Thursday, November 12, 2009
For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider. 1. FHA is one of the best options available for qualified buyers without a lot of money to put down. 2. Even if you don’t plan to start your househunting until after the holidays you should get in touch with a mortgage professional TODAY to get your plan in motion. Not everyone is in a position to buy a home now, but with the right planning and education you may find that you can take advantage of the tax credit and the historically low interest rates with just a little effort. You will never know if you can buy until you take that first step. Don’t worry . .
Continue reading...Looking for Real Estate in Harleysville Montgomery County, PA? Don’t forget about FHA!
Thursday, November 12, 2009
For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider. 1. FHA is one of the best options available for qualified buyers without a lot of money to put down. 2. Even if you don’t plan to start your househunting until after the holidays you should get in touch with a mortgage professional TODAY to get your plan in motion. Not everyone is in a position to buy a home now, but with the right planning and education you may find that you can take advantage of the tax credit and the historically low interest rates with just a little effort. You will never know if you can buy until you take that first step. Don’t worry . . .
Continue reading...Average MBA Staring Salaries
Thursday, October 29, 2009
Below is a list of the average MBA starting salaries at the top business schools according to Admissions Consultants. The University of Pennsylvania (Wharton) has the highest average median total pay package with Columbia a close second.
Continue reading...Complacency Can Cost Residents of Harleysville & Montgomery County Pennsylvania
Saturday, October 17, 2009
Definition of Complacency: self-satisfaction especially when accompanied by unawareness of actual dangers Source: Merriam-Webster online dictionary We are once again experiencing a convergence of events that make this one of the best times to consider buying or refinancing your home – and may possibly be for our lifetime! Many Pennsylvania home buyers and those considering refinancing have been sitting on the fence because they are expecting mortgage rates to stay this low forever. Many buyers are assuming that Congress will pass another home buyer tax credit. This complacency could end up costing you tens of thousands of dollars if you wait too much longer! This may sound a bit dramatic but consider the following: Rates near historic lows again! In December of 2008 rates started to decrease to exceptionally low levels. This was fostered, almost entirely, by the government announcement a few months earlier that it would be buying mortgage backed securities (which are used as the basis for mortgage rates). This has kept the rates at an artificially low level. Consider a day in late May when the market panicked and rates jumped ¾% in one single day! This was a reaction to the government’s change in position that they would halt the buying of the securities soon and the result was that a lot of people who were expecting the low rates to last forever ended up with the reality of higher rates. Luckily, the rates calmed back down but this will happen again – it is just a matter of when – and when it does I believe that it will be unrealistic to stop the momentum of increased rates from that point forward. If you are thinking about buying or refinancing you should ask yourself what your reaction would be if you got caught on that day and how it would impact you and your finances. On a $200,000 loan this would equate to an added expense of over $34,000 over the life of the loan. That is a price tag of more than $1,000 per year for complacency! First Time Home Buyer Tax Credit Expiration! Although there is a hope that the First Time Home Buyer Tax Credit will be extended there is no guarantee. IF it is extended no one yet knows if it will extend with the same terms. Again, at some point, the tax credit will expire. If the current expiration date of November 30, 2009 holds then anyone buying a home after that time will have lost $8,000. If the credit does get extended, it will expire at some point. Some first time buyers are gambling on an extension but they should consider the risk of ‘waiting to see’. Again, a cost of $8,000 for complacency! The goal of this article is not to instill fear into anyone looking to buy or refinance but simply to illustrate that, without notice, both the low rates and the tax credit may disappear before you have an opportunity to take advantage of them. There is value in exploring your options now. You can always decide not to do anything but at least you will have explored the availability and benefits of these once in a lifetime opportunities. If you don’t examine your options now you may be one of those people who, years from now, looks back and says “You know, we really missed an historic opportunity”. The most important piece of this puzzle is to have help navigating the possibilities. First and foremost you must look at financing options and compare them against your goals. If you are looking to buy a home, please do yourselves a favor and get in touch with your Realtor as quickly as possible. Please see this article http://www.myfhamortgageblog.com/2009/09/first-time-home-buyer-tax-credit-set-to-expire-for-harleysville-and-montgomery-county-pa-buyers/ about important dates for the tax credit. Although time is ticking away, we have put some programs in place to alleviate some of the stress of timing for closing before the expiration of the tax credit but the most important aspect is that you get out there and find a house as soon as possible
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Thursday, December 15, 2011
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