Homeowners across the United States have seen an increase in their home equity over the past few years. In fact, the amount of U.S. “tappable” home equity was at a record $9.1 trillion in October 2021, with the average mortgage holder having about $185,000 in home equity! So, what can all this equity offer eligibleContinue reading “3 Ways You Can Use a Home Equity Cash Out Refinance”
Category Archives: Mortgage Basics
7 Steps for Finding the Right PA Real Estate Agent
We can all agree that buying a new home should never be taken lightly. In fact, it is one of life’s most monumental decisions. When it’s time to begin shopping for your new home, you want to ensure that you find a prime real estate agent ready for your unique needs. Hiring a trustworthy agentContinue reading “7 Steps for Finding the Right PA Real Estate Agent”
How To Buy Your Dream Home With A Pennsylvania USDA Loan
For those looking to move to or move within Pennsylvania, the variety of homes available can check all the boxes on almost any house hunter’s list – from a posh urban penthouse to a quaint country farmhouse. Pennsylvania is a great place to live, offering everything from large urban cities to small towns in theContinue reading “How To Buy Your Dream Home With A Pennsylvania USDA Loan”
The Top 8 Places to Buy a Lake House in Pennsylvania
Did you know “The Keystone State” is home to more than 2,500 lakes? With so many beautiful bodies of water, it might seem overwhelming when trying to decide where to buy a lake house in Pennsylvania. While it was tough to narrow down all of these great lakes, we’ve done our best to pick outContinue reading “The Top 8 Places to Buy a Lake House in Pennsylvania”
How Can A K-FIT Loan Help With My Down Payment and Closing Costs?
If you are in the market for a Pennsylvania home but don’t have the funds to cover your down payment and closing costs, we have good news! You may qualify for PHFA’s new K-FIT loan, which can assist with these expenses. What Is a K-FIT Loan? The Pennsylvania Housing Finance Agency (PHFA) recently launched aContinue reading “How Can A K-FIT Loan Help With My Down Payment and Closing Costs?”
A Mortgage Buydown Can Lower Your Monthly Payment
When mortgage rates are on the rise, as they have been recently, many home buyers are wondering how they can afford a mortgage payment within their budget. We are here to tell you that it is possible to get a competitive rate still – lenders may offer a mortgage financing method called a “mortgage rateContinue reading “A Mortgage Buydown Can Lower Your Monthly Payment“
What Can a Home Improvement Loan Be Used For?
Whether you are preparing to sell your home or you just want a refresh for a new season, a home renovation project is a big undertaking. One of the biggest questions to answer as you plan any home renovation is how to pay for it. Thinking ahead about how to finance your home project isContinue reading “What Can a Home Improvement Loan Be Used For? “
Will Mortgage Rates Rise With Inflation?
In the last few years we’ve seen historically low interest rates. But now, with our economy facing rising inflation, many are wondering, will mortgage rates continue to rise with inflation? Let’s take a look at the factors driving interest rates and hear from some industry experts to understand the effect of inflation and the futureContinue reading “Will Mortgage Rates Rise With Inflation?”
3 Benefits of Using a Pennsylvania Mortgage Calculator
Are you in the market for a new home in Pennsylvania? If so, using a mortgage calculator to help you determine how much you can afford can be very helpful. A mortgage calculator is a free and simple online tool that can help you estimate your monthly mortgage payments, compare different loan terms, and provideContinue reading “3 Benefits of Using a Pennsylvania Mortgage Calculator “
When Should You Get Pre-approved for a Mortgage?
homebuyers immediately turn to the internet and start searching for properties. However, in this current real estate market with a lack of homes available for sale, it’s critical to get preapproved for a mortgage first before house hunting. Without actual numbers in hand, you could end up falling in love with a home that is out of reach.