Mortgage Info
Northampton County eyes foreclosure moratorium
Northampton County is researching whether it has the legal authority to temporarily suspend sheriff sales to try to help residents whose homes are in foreclosure. County Council on Thursday asked County Executive John Stoffa to study the issue and report back, but the panel tabled a resolution that called for a 90-day moratorium on the [...]
20Jul2008 | admin | 0 comments | Continued
Rates Are Going Back Up!
Just a few short weeks ago mortgage rates were still dropping and even people with less than perfect credit could buy a home here in the Lehigh Valley for just over 6%. Persons with strong credit scores (over 650) were getting 30 year fixed rate loans for 5.5 – 5 3/4%. But those days are [...]
25Jun2008 | admin | 0 comments | Continued
Lehigh Valley Short Sales and Pre-Foreclosures
So what exactly is a shot sale anyway? A short sale is when a home is in pre-foreclosure and the bank allows the owner to list the home with a Realtor and try to sell the home and avoid foreclosure. In most cases it is being sold for less than what is owed to the bank. The [...]
9Jun2008 | admin | 0 comments | Continued
The Mortgage Process
One of the first steps in the home buying process is to get pre-approved. Whether you allreay own a home, or are a first time buyer, you will need to talk to a reputable mortgage lender as soon as possible before you even start to look at any homes.
You may have a general idea of [...]
UPDATE:
YES, you can use Part of the $8,000 Tax Credit to buy your new home. Very few banks are doing ...