The USDA appraiser has two jobs. One is to figure out the fair market value of the home, just like any other loan. The other job is to make sure the home meets the USDA minimum property requirements. This is the USDA’s way of making sure the home is safe, sound, and sanitary.Compare Offers from Several Mortgage Lenders.Keep reading to learn the specifics of what the … [Read more...] about What Does a USDA Appraiser Look For?
Mortgage News/Insight
What are the Major Costs of Owning a Home?
Buying a home means more than making sure you can pay the mortgage payment. There are many costs you must consider before you purchase a home. Talking with the current owners can help give you an idea of the average cost of a particular home, but we will discuss in general the factors you should consider.Get Matched with a Lender, Click Here. Real Estate Taxes First, … [Read more...] about What are the Major Costs of Owning a Home?
PHFA’s Keystone Home Loan Program Guidelines
The Pennsylvania Housing Finance Agency offers conventional and government loan programs for homebuyers. The programs have competitive interest rates and low fees. In order to obtain a PHFA Keystone home loan program, you must visit a PHFA-approved lender.Get Matched with a Lender, Click Here.Eligibility for the Keystone Loan ProgramsYou may be eligible or the … [Read more...] about PHFA’s Keystone Home Loan Program Guidelines
Is the Home Sale Price a Public Record?
The home sale price of various homes can give you a lot of information. Whether you are in the market to buy in the area or you want to know the value in your current area, finding out home sales prices can be a valuable resource.Looking for Current Mortgage Interest Rates? Click Here.Luckily, the home sale prices are public record. How you access those records may … [Read more...] about Is the Home Sale Price a Public Record?
Is it Wise to Use a 401K to Pay Off Your Mortgage?
You want to get out of debt, including your mortgage, so you think it may be a good idea to use your 401K savings. While we are all for consumers getting out of debt, the one time we wouldn’t recommend that you pay off your mortgage is if you have to use your retirement funds to do so. Your 401K funds should be left untouched until you are at least 59 ½, if not later.Get … [Read more...] about Is it Wise to Use a 401K to Pay Off Your Mortgage?