There are some nearby communities which are gated. Specifically, in Lower Macungie. What exactly are you looking for? I grew up in Emmaus and currently reside in L. Macungie. Feel free to visit my web site or contact me for further info.... more
You might be able to qualify for an FHA mortgage with a low credit score of 620 but it will cost you more money each month. Mortgage products donâ€™t even get exciting until you have a credit score of 749 or better. The higher credit score, the lower the interest rate. In addition to having a better mortgage product with good credit you will enjoy a lower insurance premium for your home, financing a car will be easier and cheaper with a higher credit score. Employers are now pulling credit reports as part of the back ground screening process. Can you get through life with less-than-perfect credit? Yes you can, it just makes life more difficult. Why not work to improve your credit first, then get yourself qualified for a good mortgage product, then begin looking for a home? This way you set yourself up for success long term. I certainly wish you good luck with your financial future.
Hannah Fliegel, FICO Pro
The Credit Repair Expert
I have done several transactions where the sale is contingent upon seller finding suitable housing. All this means that the buyer needs to give enough time for the seller to find suitable housing before settling on the home. Usually it is 60 days. Some sellers do not feel comfortable looking for a place and getting their hopes up unless they know that their current home is under contract.
What if they found a home before their home was under contract, but were unable to purchase it and anothe buyer came along and bought it. The seller would feel awful about it. With the current market being what it is, some sellers feel more comfortable actually looking for a home after their current home is under contract.
How would you feel if you sold a home and had no place to move to?
Brigita McKelvie, REALTOR, e-PRO, GRI
Pennsylvania License #RS297130
Keller Williams Real Estate, Bethlehem, PA
Office: 610-867-8888 Direct: 610-393-9424
Blogsite: http://activerain.com/blogs/brigitam... more
We in the mortgage industry of course like to tout our superior customer service, but make no mistake about it rate is always going to be a very important factor in most borrowers' decision making.
Bandjrey, there is no way to guarantee you get the best rate out there because honestly there are just too many lenders out there that by the time you check with all of them (or even some of them) the rates have changed and your information could be inaccurate.
It's most important to a) select a lender who can deliver all the things they promise you - rate, payment, closing date, $$ out of pocket at closing; and b) select a lender who is going to give you a fair deal relative to the market.
After all, someone could offer you a 2% interest rate with no fees but if at the end of the day that is not close to what you get then what good does it do you? The streets are littered with the bones of borrowers who made rate their only criteria in selecting a loan and they wound up getting screwed. I'm sure you wouldn't have trouble finding a friend who had a "nightmare" mortgage experience. And most of them start out the same way...rate shopping.
Do yourself a favor: disregard the rates you see on the internet (it's mostly misleading or out of date anyway) and get a handful of referrals from family, friends, or your agent and take the time to talk to 3 or 4 of them in depth to see what you qualify for and what they can offer you. I'm talking about reputable lenders with a local presence. Odds are you'll find comparable loan terms from one lender to the next, but you'll also find who you are most comfortable dealing with and this can help make sure you get the best deal as opposed to the best rate. Heck it may even be the best rate too.