APR is an acronym for Annual Percentage Rate. It’s a government-mandated calculation meant to simplify the comparison of mortgage options. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, many people confuse it for the loan’s interest rate. It’s not. APR represents the total […]
Entries from November 2009
Simple Real Estate Definitions :APR
November 27th, 2009 · Comments Off on Simple Real Estate Definitions :APR
Tags: Consumer Interest · Economy · Mortgage Lending · Real Estate
Why Choose a 15 Year Mortgage?
November 25th, 2009 · Comments Off on Why Choose a 15 Year Mortgage?
For today’s home buyers and homeowners that can manage the higher monthly payments, 15-year fixed rate mortgage rates look attractive as compared to comparable 30-year products. The 15-year/30-year interest rate spread is near its 5-year high. As a result, the savings afforded by the 15 year mortgage is at its 5 year high also. Despite […]
Tags: Consumer Interest · Consumer Lending · Economy · Mortgage Lending · Real Estate
Thanksgiving is 3 days Away & I have No Menu!
November 23rd, 2009 · Comments Off on Thanksgiving is 3 days Away & I have No Menu!
Thanksgiving is Thursday. If you’re cooking for group (or a crowd) and you haven’t yet put your menu in order, click on through Bon Appetit’s Thanksgiving Menu Planner. Answer 3 basic questions and Bon Appetit serves up a list of dishes and their respective recipes. For how many people are you cooking? How much time do […]
Tags: Real Estate
Who is eligible for the home buyer tax credit? It may be you!
November 20th, 2009 · Comments Off on Who is eligible for the home buyer tax credit? It may be you!
Image via Wikipedia It seems clear if you have never owned a house that you are eligible for the $8,000 first time home buyer tax credit. But many consumers have different situations and have been asking me questions about the tax credit and if their situation would allow them to be eligible. The new tax […]
Tags: Consumer Interest · Economy · Local · New Jersey · Pennsylvania · Real Estate
Housing Market Statistics for Philadelphia and Surrounding Counties
November 6th, 2009 · Comments Off on Housing Market Statistics for Philadelphia and Surrounding Counties
Image by reeltor99 via Flickr As Congress discusses a 6 month Extension of the First Time Home buyer Tax Credit with an additional credit for repeat home buyers, the results of the initial credit seem to be obvious when we look at the Pending Sales Market statistics from September for Philadelphia and surrounding counties. Pending […]
Tags: Consumer Interest · Local · Pennsylvania · Real Estate
Home Buyer Tax Credit Extended – Our Government can work!
November 5th, 2009 · Comments Off on Home Buyer Tax Credit Extended – Our Government can work!
Image via Wikipedia The First Time Home Buyer’s Tax Credit has had a great impact on the housing market this year. In the industry we have watched the market get better every quarter this year, due in large part to the numbers of first time home buyers that came into the market to get their […]
Tags: Consumer Lending · Economy · Local · Mortgage Lending · New Jersey · Pennsylvania · Real Estate