Dale Archdekin

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Dale Archdekin, in Philadelphia
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About Me
Hi, I am Dale Archdekin. I am a Senior Mortgage Banker with Precision Funding Group in Philadelphia. I enjoy working closely with aspiring homeowners to remove the confusion and stress of securing financing for their home. My wife Carmel and I are also active real estate investors in the Philadelphia market. We especially enjoy working with other investors to help them reach their financial goals. We maintain a usefull website full of helpful information about purchasing, selling and financing real estate.
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Dale Archdek…'s Questions (0)
Dale Archdek…'s Answers (26)
Ty D, Home Buyer in Jeannette

Any lenders to give mortgage to investor with credit score around 620, maybe 625?

Asked Sat Oct 11 2008, 20:16 by Ty D  -  Jeannette  -  Home Buying  -  4 answers
Dale Archdekin answered:
I may be able to help you as well, Ty. You can find my contact information on my website.
I look forward to speaking with you
Dale Archdekin - Sun Oct 12 2008, 05:23
Juanzina, Home Buyer in Philadelphia

My realtor told me I have to be pre-approved before he can show me any more houses, is this true?

Asked Mon Sep 29 2008, 08:33 by Juanzina  -  Philadelphia  -  Home Buying  -  15 answers
Dale Archdekin answered:
Hi Juanzina, I read all the responses to your question to determine if I even had anything to add to this...and I think I do. The issue that comes up several times is whether you are a serious buyer or not, and that my not be fair.
There are many seriously interested buyers out there. But I can tell you as a mortgage proffesional, getting financing today is much more difficult than it was 2 years ago. Unfortunatly I speak with far more interested borrowers than I can actually get financing for. These days the place to start is with a mortgage proffesional who is up to date on lending guidelines and criteria. Once you get that piece of the puzzle you are at an advantage when viewing homes and making an offer to purchase.

If you do not have a mortgage lender, you can find my contact info on my website.
Thank you,
Dale Archdekin - Tue Sep 30 2008, 04:33
Christine, Home Buyer in Pennsylvania

Would my husband and I be able to get an FHA Loan with a credit score of 584 ? Thank YOu

Asked Mon Sep 29 2008, 13:20 by Christine  -  Pennsylvania  -  Home Buying  -  3 answers
Dale Archdekin answered:
Hi Christine, the answer to your question is yes...a score of 584 can qualify for FHA. But as Jeff pointed out there are many other factors that go into qualifying you for a mortgage. For instance:

-the open tradelines on your credit
-your income vs your debts
-the length of your employment
-your past rental history

Please contact a knowledgeable mortgage professional to discuss your needs. If you do not have one you can find my contact info on my website.
Thank you
Dale Archdekin - Mon Sep 29 2008, 13:52
Jeannie S. H…, Home Buyer in Tolar

what is the required % as a down payment and monthly payment we are HIGHLY INTERESTED!?

Asked Fri Sep 19 2008, 08:25 by Jeannie S. H…  -  15906  -  Home Buying  -  3 answers
Dale Archdekin answered:
Hi Jeannie,

3% minimum down for Fannie Mae My Community (conventional loan)
3% down for FHA

your monthly payment is made up of several different factors, including local and state real estate taxes, school taxes, amount down, Home Owners insurance, Mortgage insurance, and your interest rate.
Please contact me for a mortgage quote, you can find my contact info on my website.
Thanks
Dale Archdekin - Fri Sep 19 2008, 10:49
Ronnie, Home Buyer in Philadelphia

$7500 Tax Credit

Asked Fri Sep 19 2008, 09:59 by Ronnie  -  Philadelphia  -  Home Buying  -  6 answers
Dale Archdekin answered:
Hi Ronnie, it seems you have a misconception about the $7500 tax credit. It is just as it says...a tax credit. That means you would have to purchase your first home prior to Jan 1 2009, then when you file your taxes you can claim the credit of $7500.

The way it has been explained to me is that when you file your '08 taxes, if you owed $5,000 in taxes for the year you would subtract $7500 from that, and the balance $2500 you would recieve in a check from the IRS. That $7500 has to then be paid back over subsequent years.

If you have more mortgage related questions please contact me, you can find my info on my website
Thanks
Dale Archdekin - Fri Sep 19 2008, 10:40
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