Pennsylvania Real Estate Update

WOW! We are back in the low 5% range for mortgages!  What a country!  And if you are a first time buyer you will be able to suck up the $7500 Federal tax incentive and you only have to pay back $500 a year! Our one lender just told us that they are now abel to look at lower than 600 FICO scores for FHA financing for people who may have ...

HIGHLIGHTS     First time home buyers who purchase a principle residence between 4-9-08 and 7-1-09 qualify for the tax credit.  (it is retroactive for buyers who have already purchased.)   The maximum credit is $7,500 or 10% of the purchase price if purchase is lower than $75,000.   If home is purchased in 2009, home ...

To learn how you can buy a home in the current market or get in position to buy for the Spring.  You recently visited one of our websites and inquired about buying real estate.  We would like you to invite you to a FREE no obligation, private discussion to determine the best plan of action for you in the current market. You’ll ...

NAR recommends Congress pass new housing stimulus legislation that includes the following priorities: 1. Remove the requirement in the current law that first-time home buyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence. 2. Revise the FHA, Fannie Mae ...

NAR recommends Congress pass new housing stimulus legislation that includes the following priorities: 1. Remove the requirement in the current law that first-time home buyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence. 2. Revise the FHA, Fannie Mae ...

Well, I heard on the news that 8 million people will get their rebates on Monday, Tuesday, Wednesday, None on Thursday and the rest on Friday! Please think about how you will spend yours carefully. You may be able to buy a house with that money!  We have a lender that has a special program for several counties in Pennsylvania where you only ...

Good question, prospective home buyer! And the answer depends on so many things, but really focuses on:Credit ScoreDown PaymentCredit Scores, your "mid" score needs to be 620 or better. What is a "mid" score? Well there are three main Credit Information Repositories--Trans Union, Equifax, and Experian. So that means that 2 out ...