If rates are at 6% in two years then I'll stick with my payment, but it'd still probably go down with me having paid less, and not having to pay for pmi, If the vaule goes down then I don't know if rates will go up, if loss of job then I could afford to pay what I would get now. I don't want pmi and any loan I do is going to have it for a while , I'm at a loss for what to do to get it off either way... more
Hello there - as a Mortgage Loan Officer for PNC, the area's largest regional bank, I absolutely have your best interests in mind. With nearly 13 years of experience with homeowners in Chester, Delaware, Montgomery, Berks and Bucks Counties, I am very confident that our programs and pricing (rates) will appease you. My office is located in Berwyn. Is that convenient to you? If so please reach out to me on my cell phone at (484)802-1728 for a confidential review.
Regardless of your choice in mortgage lender, good luck!
Mortgage Loan Officer
PNC Mortgage, A Division of PNC Financial Services
PNC Bank, N.A.
I am not strongly versed with the PHFA program, although I have closed several over the years. I would like to mention the fact that there is another program offered, 3% down, NO mortgage insurance, with good credit, and the ability to have a large part of the 3% down payment provided to you by a gift!
Coupled with this is the fact that in certain areas, there is an additional $1200 grant provided that can go towards the 3% down payment.... more
I love how agents say to AVOID online lenders when they themselves are here... ONLINE... for one reason only; to get business ONLINE.
What makes an "online lender?" Does having a website make you an online lender? I think everyone has a website these days, so what is the definition? Taking an application online and streamlining the process through technology does not mean lack of attention, lack of qualification or lack of professionalism.
If one should avoid online lenders, by the same token should one avoid online agents?... more
According to recent statistics, home values are back to 2002 levels.......It's not true for every location and this is a broad generalization so please don't ask me to validatre this information.
However accurate or inaccurate zillow may be, an appraisal iotself is a crap shoot.
Two instances this year. My client had his house appraised at $485,000 with another lender and the loan was denied. My lenders appraiser (ordered through a management company) came in at $615,000. Also I had a house appraised at $385,000. I cahllenge it with comps and the appraiser re-valued the home at $465,000.
So it is extremely difficult to predict where an appraisal will come in at.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010
NMLS ID 143960... more