Many Americans shoulder huge amounts of student loan debt. As recent college graduates venture into the housing market, some are shocked that their student loans affect buying a home. If you’re looking for a home mortgage in Newton PA, be aware that student loans affect buying a home in 3 significant ways. 1: The Down Payment A hefty down payment is a smart way […]
One of the most important decisions potential home buyers make when purchasing a home is whether to choose a fixed mortgage, or opt for a variable mortgage. What does this really mean? These terms refer to the interest rate on the mortgage loan. Fixed mortgages have an interest rate that’s set in the beginning. The rate doesn’t change throughout the life […]
Buying a home in Bucks County takes planning. Which neighborhood suits my family? How close will I be to work? How much can I afford? If you are planning on buying a home this year, a big consideration is the interest rate you will pay. All eyes are on interest rates in 2018 and which way […]
If you’re searching for a home mortgage in Yardley, you may ask dozens of questions. Which real estate agent should I choose? How much home can I afford? And, what should I know about interest rates? Do you really understand interest rates? Why do they change so often? Here are 5 factors that affect mortgage interest rates. 1: The Economy. […]
Recently, a local couple buying a new home was referred to Federated Lending by their friend. They’d already gotten a quote from another lender and wanted to compare rates. Our team provided the estimate, and the rates appeared to be the same. The man we’d been working with on the details was a little apologetic because he […]
Mortgage Mistake #4 . Waiting for interest rates to rise before you refinance an adjustable first or second mortgage. If you follow the economic news at all, I’m sure you’re aware that consumer interest rates have risen sharply over the past few months. Reports indicate that companies are competing for workers so there is upward […]
When interest rates drop, it is tempting to refinance your home. However, knowing the best time to refinance your home is important; refinancing may not be the right answer after you factor in costs, the possibility of a longer-term mortgage and your credit rating. Costs of Refinancing First, the costs of refinancing your home must […]
Every first time home buyer has a lot to learn. If you’re a millennial, there may not be anyone who has given you pointers about obtaining your first mortgage or other tips that could be handy when it is your first time buying a home. There are some practical things you should know before you […]
There are several mistakes that can occur if it is your first time buying a home. If you are aware of the most common first time home buyer mistakes, you can avoid them and have a better overall experience. Here are seven of the most common mistakes: 1. Not Understanding Your Credit Most people never […]
When you start the process of searching for a home, one question you may have is should I get a mortgage online. While many of us complete financial transactions online today, we all know there are safety concerns. This is especially true if you are dealing with some of the sensitive information you will […]
Nan was absolutely fantastic to work with! I decided to finally go through with a reverse mortgage after I met her. I had complete confidence in her and she made me feel very secure through the whole process. I use my reverse mortgage to pay my real estate taxes and it’s a great emotional security knowing that money is there if I need it.
The reverse mortgage allowed me to bring my father home from a nursing home to the home he wanted to be in.We were able to pay for the at home nursing care with the funds from the reverse mortgage. He was able to stay at home and be with his dog.
Andy helped me save money. My local bank (large bank) was .25% higher and they acted like they were doing me a favor talking about loan programs. They were very helpful and the process was smooth.
Ed J., Levittown, PA
WOW – Was I surprised. I never knew a mortgage loan officer could be so helpful. Tom reviewed my refinance and while reviewing our mortgage application and property information, he recommended we apply for a tax reassessment. He told us how to do it and sent all the links and paperwork for us to fill out. We saved $4,042 per year in taxes and even more with the new lower rate.
Marc R., Upper Makefield, PA.
I felt like a boulder had been lifted off my chest. I had worked hard all my life and paid the bills to take care of my wife and 3 daughters. Mostly it had been living paycheck to paycheck. Now with the reverse mortgage, we have the money to do the things we want to do and a cushion for any emergencies.
Dick was able to help me with my mortgage when my husband and I were going through a divorce. During a very difficult time for me, Dick was able to work through the differences and problems I was having. He was able to get my mortgage closed in a very quick time which was essential for me.
Carla, Ambler, Pa
Nan was an excellent representative for her company. She presented me with many different loan scenarios and happily met with my financial advisor and accountant and even my attorney. We all decided that taking out the reverse mortgage was the best thing for me because it put to work some of the large amount of equity I had in my home. This meant that I could draw down less of my investment accounts.
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