May 2011

90% Home Purchase with No Mortgage Insurance

May 22, 2011

90% Home Purchase with No Mortgage Insurance is now available for buying your next home in Pennsylvania.  Mortgage insurance is a requirement on Conventional purchases with less than a 20% down payment and all mortgages regardless of down payment under FHA.  Mortgage insurance protects the lender in the event that the borrow defaults on the loan.   Basically, [...]

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Buying a House with No Money Due at Closing is Possible with a USDA Mortgage

May 9, 2011

Buying a House with No Money Due at Closing is Possible with a 100% USDA mortgage.  A few weeks ago I had a customer purchase a property using a 100% USDA Mortgage.   At the closing, they actually got cash back for the $2000 Hand Money they deposited to secure the sales contract and the $375 [...]

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Buying a 3-4 Unit Property

May 1, 2011

Buying a 3-4 unit property in Pennsylvania is often a great investment.  The buyer obtains a primary residence and has extra units to rent out and collect extra income.  Often this extra rental income ends up covering the mortgage payment and expenses of the property.  This enables the owner to live in the property with [...]

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