A Guide to the Pennsylvania Mortgage Market

Mortgage and Lending - Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654 - NMLS# 137243
A Guide to the Pennsylvania Mortgage Market



  So what determines Mortgage Rates anyway?  Why do they go up and down? Mortgage loan interest rates, and the corresponding fees or points charged for various rates, are driven by the prices of Mortgage Backed Securities (MBS). While lenders, in effect, set their own mortgage rates, how those ra...
Whenever I come across potential home buyers who are not working with an agent, I always recommend that they contact one immediately.  I usually have several qualified Realtors in their target area that I can recommend.   When they ask... "Why do I need a Realtor to purchase a home?"   I tell the...
A common question from customers involves the Truth in Lending (TIL) statement and the percentage listed on this statement.  This percentage is known as the APR.  The APR or Annual Percentage Rate is a percentage that reflects the cost of credit as a yearly rate. This rate is generally higher tha...
A storm is brewing between appraisers and broker price opinion (BPO) professionals vying for valuation work for short sales conducted through the Making Home Affordable Foreclosure Alternatives (HAFA) program.The Appraisal Institute - a trade group that represents appraisers - released a public l...
We have been alerted by the USDA with the following message...... Notice of Funding This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is exhausted, the Agency will not issue Con...
If they have a generous relative, gift funds can allow a prospective home buyer to purchase a property without tapping into their own bank account.  Whenever my clients are receiving gift funds I find it is best to let them know exactly what an underwriter wants to see on the gift letter. A Gift ...
Question: What Is the Good Neighbor Next Door (GNND) Sales Program? Answer: HUD wants to strengthen America's communities. The Good Neighbor Next Door Program offers HUD owned single family (one-unit) homes to eligible participants at a 50% discount. Question: Am I Eligible for the GNND Sales Pro...
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a disco...
  The deadline for the $8,000 first-time homebuyer tax credit is approaching fast.  Anyone wishing to take advantage of this program must have a home under contract by April 30th with a closing date no later than June 30th. There is a huge inventory of available homes and with interest rates at h...

Keith Landis

Pennsylvania - "Your Pennsylvania Mortgage Source"
local_phone(412) 567-6560
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