June, 2013

2013 could be a good time to consider home ownership

June 24th, 2013
2013 could be a good time to consider home ownership image

This year could be the perfect time to purchase a home. A recent CNN Money article states: “Low mortgage rates and pent-up demand have coaxed buyers back into the market, and homeowners who list their houses are seeing more traffic. That quaint relic of the bubble, the bidding war, has even started to reemerge in some cities. Consider the mounting evidence that the long national real estate nightmare is over: During the past year, home prices increased in 92 of the country’s 100 largest metropolitan areas, according to data provider, CoreLogic, with prices rising as high as 23% in Phoenix and 17% [ read more ]

Applying for a Mortgage

June 17th, 2013
Applying for a Mortgage image

Are the lower interest rates making you think you want to shop for the home of your dreams?  It’s true the lower rates are making the option of home ownership more of a possibility for those that weren’t able to buy previously.  But when it comes to home shopping some things have changed. Did you know that it makes more sense to be pre-approved for a mortgage BEFORE you even talk to a realtor? That’s right, because many sellers won’t even consider offers from buyers who can’t show they have the financial ability to pay for the home. The First National [ read more ]

Refinancing can save you money

June 10th, 2013
Refinancing can save you money image

A recent article posted by CNN Money notes that mortgage rates are dropping to the lowest rates in 15 years: “The low 15-year rate meant that homeowners could book substantial savings by refinancing from their current 30-year fixed rates. Homeowners with 5% 30-year mortgages who switch to 2.6% loans 15-years would pay $21,000 in interest for every $100,000 borrowed over the course of the loan, compared with $93,000 in interest on the 30-year loan.” http://money.cnn.com/2013/04/25/real_estate/mortgage-rate-record/index.html Have you refinanced your mortgage and did it help save you money? If you aren’t sure if refinancing is right for you, ask your questions [ read more ]

How do I teach my child to save money?

June 8th, 2013
How do I teach my child to save money? image

Convincing kids to set money aside can be a hard sell, especially when each new day brings a new (and expensive!) gadget that “all the other kids have. ” But it can be done. The first rule is to set a good example. It’s harder to get your child into the saving habit if you’re swiping your credit card at every store. The next time you see an item you really want—a big screen TV for example—mention in front of your kids that you don’t have enough money for it right now. Point out that taking the extra time to [ read more ]

What type of mortgage is right for you?

June 3rd, 2013
What type of mortgage is right for you? image

Moving can be both exciting and stressful, but don’t let mortgage worries keep you from pursuing your dream home. No matter whether you are looking at a single-family house, condo, or townhome, there are mortgage options available in Bucks County. The thought of a mortgage can be overwhelming when you see a large lump sum of cash that you will owe. But this is going to be financed over a much longer time than other purchases you have made. One of the first steps is to evaluate your current monthly expenses. Consider things such as credit card debt, car payments, [ read more ]