Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania October 2011.The maximum sold price for a house was $485,000. The minimum sold price for a house was $75,000.The average sold price was $253,516.The average amount of days on the market was 58. 25 residential houses sold in Upper Merion, Montgomery County in October 2011.(Information from Trend MLS) Previous Reports for Upper Merion, Montgomery County, Pennsylvania(Don't see a report you are interested in seeing?  Please let us know)Second Quarter Upper Merion, Montgomery County PA 2010Third Quarter 2010 Upper Merion, Montgomery County PAFourth Quarter 2010 Upper Merion, PAFirst Quarter 2011 Upper Merion Township PASecond Quarter 2011 Upper Merion Township PA Upper Merion Township, M... 11/15/2011

My 28 Year & Counting Family Tradition - Salmon Fishing The year was 1983 & I was 8 years old.  My father decided he was taking me to Pulaski, NY to go Salmon Fishing.  Twenty eight years later, we haven’t missed a year.  If you’re looking for a manly man’s fishing trip that’s not too far off, this is a great place to start.  WARNING: 1.  These fish are strong! I DO NOT recommend this for a beginner’s trip.2.  River currents can be strong, the water deep & rocks slippery.  Don’t be a “bruto” – Spanish word for a moron who doesn’t use common sense. 3.  Plan your trip in advance.  Salmon season is short (mid/late September through October) & it can be challenging to find lodging. 4.  Purchase your gear in advance.  Equipment can be is expensive once you’re there.  See the bottom of the pa... 11/02/2011

Why Rent? Fixed FHA Mortgages at only 3.75% (5.092 APR)! King of Prussia, Plymouth Meeting, Phoenixville Why haven’t you bought a home yet?  Is a 20% down payment keeping you from buying a home? Have you rented for a long time & just aren’t sure?  Are you a long time renter in the market to buy?  Living in the King of Prussia, Plymouth Meeting, Phoenixville or the surrounding areas? Well stop renting already!  FHA could be the answer you’re looking for. Okay let’s use some real world #’s to help you appreciate what FHA can do for you. How much are you borrowing In this example the client (you) are buying a home using FHA (Line A).  Current rates are around 3.75%/5.092% APR (B) for a 30 year fixed (C).  The purchase price is $200,000 (D) & you will put down FHA’s minimum down of 3.5%.  Y... 10/31/2011

USDA Updates – They now charge for the awesomeness! In my last post I gave a few tidbits about USDA (Click here if you missed it - Kick butt 100% financing that you’ll probably qualify for).   WOW, I didn’t realize so many people would respond.  Good Great stuff guys.  So here are a few updates…. October 1, 2011 USDA Rural Housing Loan Changes: USDA Rural Housing has been taxpayer-subsidized for years.  Long gone are those days.  The USDA Rural Housing Program will no longer be dependent on tax payer money (wish we could say the same about the big banks! Can I get an AMEN!!) To stay in business, they started charging for the awesomeness of the program (as if you didn’t know that was coming).  They not only charge mortgage insurance upfront now, but monthly as well for the life of the lo... 10/24/2011

So you’re looking to buy a home, you don’t have a lot of cash to work with & want a low payment.  Looks like you better go to Craigslist & see the rental section right? Not so fast young grasshopper (who doesn’t love David Carradine).  Enter USDA Rural Housing..… Q: What is USDA Rural Housing? A:  USDA Rural Housing Loans also called a Rural Development Loan, is a government insured home loan offering 100% financing to qualified buyers, allows for all closing costs to be paid for by the seller or financed into the loan (& the crowd goes wild!!). They offer some of the lowest rates of any loan at a fixed interest rate.   Q: What are the requirements for USDA Rural Housing? A: 3 parts to this answer. 1.  Credit Worthiness: Your thinking, “Ok, I knew there’s a catch!”  Relax Danielson.  Wh... 10/21/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for the Third Quarter and September 2011.Third Quarter 2011 (July, August, September)The maximum sold price for a house was $975,000. The minimum sold price for a house was $102,000.The average sold price was $286,980.The average amount of days on the market was 73.70 residential houses sold in Upper Merion, Montgomery County in the Third Quarter 2011.Totals for September 2011The maximum sold price for a house was $875,000. The minimum sold price for a house was $187,000.The average sold price was $308,595.The average amount of days on the market was 74. 24 residential houses sold in Upper Merion, Montgomery County in September 2011.(Information from Trend MLS) Previous Reports for Up... 10/15/2011

  While credit guidelines have tighten up quite a bit in recent years, there are many programs to help first time homebuyer’s purchase their home.  One frequent question I run into is: “what if my credit is bad?" My response: what is bad?  There are differing levels of bad perceived bad.  There are the following: Your credit is fine - this normally is the accountant/bookkeeper (love that word & its 3 double vowels) that paid an account 1 day after the grace period & thinks they’re condemned to credit hell for an eternity.  Don’t let your OCD stop you from applying for a mortgage.  Find out before you decide to never attempt purchasing a home. Your credit needs some work but you still qualify – this person has sufficient good accounts but had an unpaid hospital bill, utility bill or a mi... 10/11/2011

Puerto Rico: Zip lining, Tarpon Fishing & a Wedding Although Summer was officially over in September, I wasn't quite ready.  Back pack in hand (if you read previous posts, you'll notice a theme) Jen and I headed to Puerto Rico for some fun & a wedding. Don't you love it when you can visit family that lives in a tropical climate?! :-) I like adventure but not something that's going to kill me. We opted for zip lining at Toro Verde Adventure Park in Orocovis, Puerto Rico. The drive was amazing. Think long winding roads up a mountain into lush vegetation. At Toro Verde, the zip lines in this course range from 800 feet to 2526 feet long. That is almost a ½ mile long! And the view you get at 600 feet off the ground is breath-taking! We added "La Bestia" literally translated "The Beast" to ou... 10/04/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania August 2011.The maximum sold price for a house was $975,000. The minimum sold price for a house was $102,000.The average sold price was $279,084.The average amount of days on the market was 79. 29 residential houses sold in Upper Merion, Montgomery County in August 2011.(Information from Trend MLS) Previous Reports for Upper Merion, Montgomery County, PennsylvaniaSecond Quarter Upper Merion, Montgomery County PA 2010Third Quarter 2010 Upper Merion, Montgomery County PAFourth Quarter 2010 Upper Merion, PAFirst Quarter 2011 Upper Merion Township PASecond Quarter 2011 Upper Merion Township PA Upper Merion, Montgomery County, Pennsylvania Real Estate - Houses Sold In August 2011 09/13/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania July 2011.The maximum sold price for a house was $425,000. The minimum sold price for a house was $140,000.The average sold price was $266,552.The average amount of days on the market was 59. 19 residential houses sold in Upper Merion, Montgomery County in July 2011.(Information from Trend MLS) Previous Reports for Upper Merion, Montgomery County, PennsylvaniaSecond Quarter Upper Merion, Montgomery County PA 2010Third Quarter 2010 Upper Merion, Montgomery County PAFourth Quarter 2010 Upper Merion, PAFirst Quarter 2011 Upper Merion Township PASecond Quarter 2011 Upper Merion Township PA Upper Merion, Montgomery County, Pennsylvania Real Estate - Houses Sold In July 2011 08/10/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for the Second Quarter and June 2011.Second Quarter 2011 (April, May, June)The maximum sold price for a house was $840,000. The minimum sold price for a house was $80,000.The average sold price was $279,396.The average amount of days on the market was 66.65 residential houses sold in Upper Merion, Montgomery County in the Second Quarter 2011.Totals for June 2011The maximum sold price for a house was $840,000. The minimum sold price for a house was $120,000.The average sold price was $337,370.The average amount of days on the market was 42. 24 residential houses sold in Upper Merion, Montgomery County in June 2011.(Information from Trend MLS) Previous Reports for Upper Merion, Montgome... 07/10/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for May 2011.The maximum sold price for a house was $612,000. The minimum sold price for a house was $80,000.The average sold price was $324,217.The average amount of days on the market was 62.19 residential houses sold in Upper Merion, Montgomery County in May 2011. (Information from Trend MLS) (Gloria is a UM alumni) Previous Reports for Upper Merion, Montgomery County, Pennsylvania4th Quarter Upper Merion, Montgomery County PA and all of 2010January 2011 Upper Merion, PA Upper Merion, Montgomery County, Pennsylvania Real Estate - Houses Sold In May 2011 06/14/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for the First Quarter and April 2011.First Quarter 2011 (January, February, March)The maximum sold price for a house was $840,000. The minimum sold price for a house was $96,000.The average sold price was $279,892.The average amount of days on the market was 101.41 residential houses sold in Upper Merion, Montgomery County in the First Quarter 2011.Totals for April 2011The maximum sold price for a house was $379,500. The minimum sold price for a house was $100,000.The average sold price was $237,088.The average amount of days on the market was 93. 20 residential houses sold in Upper Merion, Montgomery County in 2011.(Information from Trend MLS) Previous Reports for Upper Merion, Montg... 05/11/2011

Mortgage Rates For King of Prussia and Nation- What Ahead For The Week Of April 25, 2011 Mortgage markets improved slightly through last week’s holiday-shortened trading sessions. Better-than-expected housing data led mortgage rates higher Tuesday and Wednesday, but rates retreated Thursday morning in advance of Good Friday. Markets were closed Thursday afternoon and Friday. They re-open this morning up higher than its previous close. The DOW Jones is currently in the negative and mortgage markets are still higher. This could spell for better rates and/or fees today. Conforming mortgage rates in King of Prussia ended last week unchanged overall. It’s a strange outcome considering that Standard & Poor’s issued a downgrade on U.S. debt Monday. In most instances, a debt downgrade would lea... 04/25/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for March 2011.The maximum sold price for a house was $395,000. The minimum sold price for a house was $200,000.The average sold price was $284,524.The average amount of days on the market was 117.16 residential houses sold in Upper Merion, Montgomery County in March 2011. (Information from Trend MLS) (Gloria is a UM alumni) Previous Reports for Upper Merion, Montgomery County, Pennsylvania4th Quarter Upper Merion, Montgomery County PA and all of 2010January 2011 UM PAFebruary 2011 Upper Merion PA 04/12/2011

Mortgage Rates & Markets Weekly For The Week Of April 4, 2011 Mortgage Rates & Markets Weekly For The Week Of April 4, 2011, King of Prussia, Plymouth Meeting And Around The Nation In a volatile week of trading, mortgage markets closed unchanged last week. Despite economic data proving stronger-than-expected — a situation that tends to lead mortgage rates higher — concern for persistently high oil prices tempered Wall Street’s excitement and mortgage rates stayed steady. That’s not to say rates weren’t volatile, however. From day-to-day, mortgage rates showed huge variance last week and several lenders issued five separate rate sheets Friday. The 12-month average is slightly less than two per day. Expect the volatility to continue into this week, too. With little economic data due for r... 04/05/2011

HUD Raising FHA Mortgage Rates by 0.25% In King of Prussia, Plymouth Meeting, Blue Bell & National Markets ...well effectively at least. HUD (Department Of Housing And Urban Development) recently released it's Mortgagee  Letter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Here is the stated Purpose: This Mortgagee Letter introduces a 25 basis point increase to the Annual FHA Mortgage Insurance Premiums for forward mortgage amortization terms. It also provides guidance on the validity period of case numbers and new requirements for requesting them. Effective Dates: The increase in Annual FHA Mortgage Insurance Premiums for forward mortgage amortization terms is effective for case numbers assigned on or after April 18, 2011. The new ... 03/17/2011

Mortgage Rates In King of Prussia, Plymouth Meeting, Blue Bell PA: A Look Ahead the Week Of March 14,2011   Mortgage markets opened a significantly better this morning. Look for Mortgage Rates To Decline.   In brief, the DOW is selling off due to the turmoil in Japan. With huge repair and infrastructure costs, plus the threat of Nuclear reactors, there is a flight to quality such as US Treasuries and Mortgage Backed Securities. See the chart below show the upward trend in Mortgage Markets, spelling lower mortgage rates in the King of Prussia, Plymouth Meeting, Blue Bell and surrounding markets. How long will this last? fundamentally, markets do not support this rally. I believe it is short lived. Once Japan regains some stability, we look for focus to return to the fundamentals of the r... 03/14/2011

Mortgage Pre-Qualification or Mortgage Pre-Approval. What’s the Difference for King of Prussia, Plymouth Meeting, Phoenixville PA Home Buyers? Before you ever begin to shop for a new home... You should set up a time to meet with a mortgage lender so together you can determine out how much you can afford. This will put you in a better position as a home buyer. Imagine making an offer on a home. It get's accepted only to find out you cannot afford to buy it. Embarrassing to say the least. First, if you are working with a professional real estate agent, making an offer would not be an option unless you were pre-qualified or pre-approved. It is important to understand the distinction between being pre-qualified for a mortgage loan and pre-approved for a mortgage loan. The difference between... 03/13/2011

Here is information about residential houses that sold in Upper Merion, Montgomery County, Pennsylvania for February 2011.The maximum sold price for a house was $840,000. The minimum sold price for a house was $98,935.The average sold price was $291,037.The average amount of days on the market was 62.12 residential houses sold in Upper Merion, Montgomery County in February 2011 (Same as January). (Information from Trend MLS) (Gloria is a UM alumni) Previous Reports for Upper Merion, Montgomery County, Pennsylvania4th Quarter Upper Merion, Montgomery County PA and all of 2010January 2011 UM PA 03/09/2011