I just spoke to one of my colleagues at Citizens Bank, and found out that borrowers with income of $39,000 or less can qualify for a fixed-rate, 30 year FHA mortgage rate of only 2.875%!
If you’re thinking about buying a home, the time is now. I’ve never seen rates this low, and the selection of homes for sale is abundant. Call me today at 215-335-6936, or email me to schedule your confidential consultation today.
It’s that wonderful time of year again where we need to file taxes and hope for the best. If you’re lucky enough to be a landlord, you already know the huge task that lies ahead of you. Luckily, there’s help available. The first thing you should do is make an appointment with your bookkeeper or a reputable tax preparer. While you’re preparing for your appointment, pickup a copy of Every Landlord’s Tax Deduction Guide. This guide is a great tool for landlords to identify every possible area for tax deductions.
While out showing houses to one of my clients this weekend, we arrived at a property that I just knew she would love. Everything is looking great, and as we walk into the front bedroom, we see this lovely feature…
What we see in this photo is a power cord that stretches entirely across the bedroom, through the window, and barely connects to the power line in the street with a few straggly wires. This of course was a complete turnoff to my client. What were these sellers thinking? If you’re willing to take shortcuts with electric connections, what else have you taken shortcuts with in the renovation of the property?
Checkout the newest home I’m selling in Yorktown at 1114 Custis Place, Philadelphia, PA 19122. This home is walking distance to Temple University, features three spacious bedrooms, an attached garage, spacious green backyard, finished basement and more. The sellers will provide credit for a new central air system and a one year home warranty for the new owner’s peace of mind. For more pictures and details, call me at 215-335-6936, or send me an email.
Another great settlement today means I have another great video to share. This video features my newest happy homeowner, Natasha. She just closed on her house today, and was gracious enough to share her experience with me as her agent, and gives tips to future homebuyers on how to best prepare themselves. Enjoy the video and feel free to comment or send me any questions.
P.S. – Also want to give a big thanks to the loan officer that made this possible, Angie Alcade. She took time to smile for us today too!
I just listed a new home for sale in Logan at 5001 N. 11th Street, Philadelphia, PA 19141. It is a huge corner twin with a detached garage and fenced-in side yard. A free one year home warranty is included for the new owner’s peace of mind. For more photos and details, call me at 215-335-6936, or send me an email.
It’s not often that a gorgeous home is available for lease-purchase in Philadelphia, so this is a great occasion. This rent-to-own home at 6349 N. 18th Street, Philadelphia, PA is new construction, and includes a ten year real estate tax abatement. You can view all the photos and details here: 6349 N. 18th Street, Philadelphia, PA 19141.
If you or anyone you know is interested in purchasing this home via lease-purchase, call me today at 215-335-6936.
Looking for rent-to-own in a different area? Complete the form on the rent-to-own page of this site and I’ll contact you. Thanks for reading and sharing!
Today I begin to offer for sale a great home in the Hunting Park area. Located at 4162 N. Fairhill Street, this home has been recently rehabbed and is in move-in condition. The home also comes with a one year home warranty for the new homeowner’s peace of mind.
View photos and details here: 4162 N. Fairhill Street, Philadelphia, PA 19140
If you or anyone you know is interested in this home for sale, call me at 215-335-6936.
Are you looking to buy a home in a different neighborhood? Just complete the buyer information form and I’ll provide details on the neighborhood you’re interested in. Thanks for reading and sharing!
This week I’ll be offering three new properties for sale in Yorktown (19122), Nicetown (19140) and Logan (19141). All three properties are in wonderful condition, and photos are coming soon.
If you are a first-time homebuyer, you can qualify for an interest rate of only 4.25%, fixed for 30 years. Down payment and closing cost assistance is available for those who qualify. Call me at 215-335-6936 for your confidential consultation today!
In yesterday’s post, I offered three good tips for investing your 2011 income tax refund. The number one tip was using your refund to buy a home. Not only does using your tax refund shave your “savings time” to get your funds together, but it can also save you thousands of dollars on your mortgage. Here’s how it works.
Most first-time homebuyers in Philadelphia like to take advantage of the grants available (up to $3,500) because they don’t have enough savings to purchase a home. However, the loan programs available for these grants offer an interest rate of 5.75%. For mortgages where the buyer is not receiving grants, the interest rate is 4.25%. The difference doesn’t seem like much, only 1.5%, right? But that tiny percentage adds up to a very big deal.
Using an example of a 30 year $100,000 mortgage, the monthly payment for the 5.75% rate is $583.57, whereas the monthly payment for the 4.25% rate is $491.93. This is a difference of $91.67 per month. So while the buyer receiving grants doesn’t have to save up much money now, they will spend $32,990.40 more than the buyer who saved their money and purchased with the 4.25% interest rate.
So which deal seems better for you? If you use $3,500 of your own money instead of grants, you can save almost $33,000. That’s nothing to sneeze at.
Ready to buy a home? Call me today at 215-335-6936. I’ll be happy to help you buy a home with or without grant assistance.