If you did not put down at least 20% on your home purchase, more than likely, you were required to purchase mortgage insurance. Mortgage insurance is sometimes called Private Mortgage Insurance (PMI) or in the case of Government FHA loans, Mortgage Insurance Premium (MIP). Mortgage insurance guarantees the lender against any losses should you default. […]
Buying a home in New Hope PA is exciting and filled with options. It’s vital for potential home buyers to understand the mortgage “lingo” as they embark down the home ownership path. A common misconception is the difference between home mortgages and home equity loans. They are NOT interchangeable. Here are four important points borrowers must […]
Homeowners living in Quakertown PA may have heard about reverse home mortgages and wondered if pursuing one is a good idea. There’s tons of information online about the advantages and drawbacks of reverse mortgages. It can get confusing! Here are 4 scenarios when reverse home mortgages make sense. Downsizing Is Not an Option If you need a bit of financial […]
Qualifying for a home mortgage in New Jersey requires several key steps. Here is an easy checklist to follow to keep you on the right track. Snapshot Your Financial Picture Understand where your money comes from and goes. Lay out your monthly bills and your other expenses. Outline Your Budget Decide how much of your income […]
Most of us don’t have enough cash to pay for our houses up front, so we apply for, secure, and pay for mortgage loans. The lenders involved in the mortgage process check credit, debt load, income, and other important aspects of our financial lives before extending a loan. How Do Mortgage Rates and APR Affect Your […]
Think about your salary before buying a home in Richboro PA. Otherwise you might mis-figure the mortgage loan amount you need. Lenders typically recommend earmarking 28% of your net income for your mortgage, For example, if your monthly income after taxes is $4000, the maximum monthly mortgage payment should be $1120. However, the amount you can actually afford might be different, depending […]
Buying a home in Ivyland? Along with the house of your dreams, you’ll no doubt be looking for the best mortgage for your budget. Here’s a quick checklist for getting a home mortgage. Gather Your Paperwork Be ready to prove your identity and income, and show your debts and assets. Get documents together at the beginning of your mortgage search. […]
Buying a home in Chalfont PA? Your mortgage loan choices hinge heavily on your credit scores. If you have a long, lengthy credit history and pay your bills on time, you probably have great credit. If you’ve paid your bills late and maxed out your credit cards, your credit scores may be low. If you’re planning on purchasing a home and living in Chalfont PA, understand which credit reports […]
Thinking about buying a home in Bucks County, PA? Then think about the length of the mortgage loan you need. The majority of U.S. home buyers choose either a 15 year mortgage or a 30 year mortgage. Home mortgages in Bucks County are no different. How do you decide? These questions will help decide which one is right for you. […]
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 […]
Jorge Figueroa
Federated Lending Is Fantastic and Honest
This was such an easy transaction. What is probably the most stressful thing to do Andy and his Team made this absolutely seamless. Everything was done perfectly and right on time. Zero issues at the closing table and it all went exactly as it was explained. I was prepared for so many things to be a push up and there was none of it. NONE! I cannot say enough ...
Kristen Katzianer
Easy process from start to finish
Easy process from start to finish. The underwriter should make more money.
Elaine Punchello
I've trusted Federated Lending multiple…
I've trusted Federated Lending multiple times for my home mortgages. They make what can be a difficult process easy to get through. I've never had a delay in a settlement because of my mortgage, which is a frequent issue with other lenders. I'll continue to use them and recommend them. Thanks!
Mike Pawlikowski
Federated Lending comes through again
Federated Lending comes through again. Tom K. and Federated Lending team helped me through the process of getting my original mortgage and now again with the refinance. They made the process very easy and I am extremely happy with the end result. I would strongly recommend if your looking for a mortgage or refinance that you reach out to the Federated Lending Team.
Shawn Cannon
Second time working with Vince
Second time working with Vince. Have had nothing but great experiences. Highly recommend!!
Jacob Desperak
Wonderful and easy experience!
My wife and I had a very good experience with Fedlend thanks to Andy and Kathy. We couldn’t be more thankful for all the help and guidance we received along the way. Would definitely recommend to all home buyers, as we will use Fedlend for our next purchase or refinance.
Bart Cerami
Andrew Larson and Federated Lending made refinancing my home simple, and saved me a lot of money in the process. And Andy continued to assist me after the closing when I had a question regarding my local tax payment. I have already recommended him to several of my friends and will continue to do so. Thanks Andy!!
Patrick Mallon
Federated Lending has great customer…
Federated Lending has great customer service, a very knowledgeable staff, and made re-financing an effortless experience.
Katie Novak
Federated Lending was a great mortgage…
Federated Lending was a great mortgage company to work with! We were able to ask questions and get immediate answers.
Megan Detwiler
We were happy with our experience. Initially there was a step missed that caused a slight delay, but we couldn’t be upset because it ended up getting us a lower rate overall. We were able to sign the documents in the comfort of our own home which was super convenient and appreciated. Would recommend!
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