A Guide to the Pennsylvania Mortgage Market

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Mortgage and Lending - Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654 - NMLS# 137243
A Guide to the Pennsylvania Mortgage Market

ARCHIVED BLOG POSTS

2010 

Super Jumbo Mortgage money is still available.  Super Jumbos are available for loan amounts up $2 million.   Some features of this program include... 80% financing for Purchases and Rate/Term Refinances up to $2MM Cash out up to 500K Interest Only or Fully Amortizing Second Home SFR Financing ava...
03/31/2010
Why should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. Thi...
03/31/2010
Is it easy to get approved for an FHA mortgage?  Well, yes and no.  It is often easier to get approved for an FHA mortgage than a conventional mortgage but many of the guidelines for FHA financing have tightened up in recent years too.  FHA is still the way to go if you don't fit into the strict ...
03/30/2010
Do you want to eliminate the junk mail that crams your mailbox each day?  Many consumers don't realize it but a large portion of the junk mail that is received on a daily basis can be stopped.  The unwanted credit card offers, insurance offers, mortgage offers and general junk mail that you recei...
03/29/2010
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  Gift Letters If they have a generous relative, gift funds can allow a prospective home buyer to purchase a property without tapping into their own bank account.  Whenever my clients are receiving gift funds I find it is best to let them know exactly what an underwriter wants to see on the gift ...
03/29/2010
There has been a lot of headlines recently concerning the Feds plan to stop their purchasing of Mortgage Backed Securities in the coming weeks.  Why is this important and what does it mean to mortgage rates? It means everything.  The prices derived from the trading of these Mortgage Backed Securi...
03/27/2010
 There are lots of reasons to ask your lender for an FHA loan instead of taking a conventional loan.  The three main benefits of an FHA loan are as follows.... Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements so its e...
03/26/2010
The deadline for the $8,000 first-time homebuyer tax credit is approaching fast.  Anyone wishing to take advantage of this program must have a home under contract by April 30th with a closing date no later than June 30th. There is a huge inventory of available homes and with interest rates at his...
03/26/2010
I just called my customer to let him know that his FHA purchase loan was approved with no conditions.  As soon as he shouted out to his wife what I said I heard a loud scream.  It was his wife screaming out for joy.  He kept saying "so we can start packing now?" As if he was in disbelief.  These ...
03/18/2010
HUD has announced that the following changes will be applicable with all FHA Case numbers issued on April 5, 2010 and after. The two key changes are such...... the upfront mortgage insurance premium (UFMIP) will be raised from 1.75% to 2.25%.    Maximum seller concessions will be reduced from 6% ...
03/18/2010
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Keith Landis

Pennsylvania - "Your Pennsylvania Mortgage Source"
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