C21AGVoices

A Home Equity Line of Credit is bank product that grants homeowners access to the equity in their home at anytime, usually using checks. Often called a HELOC, these equity-based credit lines function very much like credit cards: The rate is adjustable, tied to Prime Rate There is a minimum monthly payment There is a pre-set […]

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Obvious History Everyone knows most common colonial historical facts about Philadelphia. 1766 – The first permanent theater in North America was started here 1769 The first life insurance society was started here 1773 – The American Medical Society was founded here 1776 -The Declaration of Independence was signed at  Independence Hall 1777- The first flag for our new […]

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In the summer of 2005, sub-prime mortgage lending was at its peak.  Rates were relatively low and lending guidelines were relatively loose. At the time, the “standard” sub-prime mortgage product was the 3/27 ARM. The 3/27 had a few basic traits: A fixed, 3-year “starter rate” Every six months thereafter, the mortgage rate changed The […]

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As flood waters ran through Iowa and other Midwestern states, the nation’s corn supply was thought to be in danger. Prices spiked in the wake of the floods, adding to the already-peaking grocery bills that many Americans are now bearing. With shortages of rice, and the unexpected increases in food costs due to transportation expense as […]

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In the current mortgage market, there are fewer ways to buy homes with no money down, but it is still possible to buy with none of Your money down. One of them is probably as old as home buying itself. Get a gift of cash (probably from a family member) to be used as part […]

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Home buyers are often surprised when a “rate quote” from the morning won’t be honored in the afternoon.  Sometimes, the assumption is that the loan officer is just being sneaky. This couldn’t be less true. Rate quotes change in the middle of the day because mortgage markets are in constant flux.  All day, every day — […]

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