Finding the right home and the right mortgage can take a lot of time and energy, so it’s important to consider whether you’ll be prepared for approval before diving into the process. Whether you’ve had some financial setbacks or you just want to have an idea ahead of time, here are some ways to quickly determine if you’ll be pre-approved for a mortgage.Do You Have A Down Payment?You may have heard that the ideal down payment amount is 20% of the cost of the home, but this doesn’t mean you have to have this amount. However, it is important that you have a significant chunk of change put away so that it can signal to the lender that you’re financially sound and will be able to come up with your monthly payment. A down payment will not only minimize the amount of money you owe the lender e... 03/09/2017

If you’re trying to buy a new home, few things are more frustrating than a hot real estate market. When home prices are climbing fast it can feel like you’ll never be able to save enough for your down payment. In today’s post we’ll share a few ways that you can get in – even if you’re feeling priced out.Start Smaller And Upgrade LaterIf you’re a single professional or a young couple, it might be wise to start with a smaller starter home. While a townhouse or condo might not feel as large as a detached house, they are more affordable options. Starting small allows you to build equity in your home. This, plus your increased earning power as you work for longer, can open up more home options later.Another benefit of starting small is that you’ll already have a home. If the local real estat... 03/07/2017

If you’re familiar with the real estate market, you’ve likely heard the term ‘refinancing’ and may be wondering what this can mean for your mortgage and your financial well-being. While refinancing can be a great benefit for those who are looking for a lower interest rate or a different mortgage type, here are the details on what it can offer and whether or not it will work for you.Acquiring A Lower Interest RateThe most common reason people consider refinancing their home is to take advantage of a lowered interest rate. While it might seem like a minimal savings each month, a lower interest rate can add up to considerable savings over time and help you pay off your home loan more quickly. It’s just important to ensure that you’re aware of all the associated costs with refinancing befor... 03/03/2017

December home prices continued to rise per December readings for Case-Shiller’s National and 20-City Home Price Indices. On average, national home prices increased by 5,80 percent year-over-year and exceeded November’s year-over-year reading of 5.60 percent. The 20 City Index, which analysts follow more closely than the National Home Price Index, posted a year-over-year gain of 5.60 percent in December, which exceeded an expected reading of 5.40 percent and November’s year-over-year reading of 5.20 percent growth.West Posts Highest Home Price GrowthThe West continued to dominate home price growth rates with Seattle, Washington posting 10.80 percent year-over-year growth while Portland, Oregon and Denver, Colorado posted year-over-year gains of 10.00 percent and 8.90 percent respectively... 03/02/2017

Last week’s readings on new and existing home sales provided further evidence of strengthening housing markets. Both categories of home sales exceeded December’s readings. Consumer sentiment was lower in February than for January and average rates were mixed with fixed rates higher and the rate for 5/1 adjustable rate mortgages lower. Consumer sentiment lower in February.New and Previously–owned Home Sales Higher in JanuaryHome sales volume rose in January regardless of obstacles including higher mortgage rates and rising home prices. The National Association of Realtors® reported more sales of pre-owned homes in January. 5.69 million homes were sold on a seasonally-adjusted annual basis in January, which surpassed expectations of 5.57 million sales and December’s reading of 5.51 millio... 02/27/2017

It may seem better to go it alone when it comes to acquiring a mortgage, but there are many benefits associated with using a real estate professional that can make finding your dream home a lot easier. If you’re currently getting prepared to hit the market and are weighing your options, here are some reasons that a professional who knows the neighborhood will save you money.Strong Market KnowledgeMany homebuyers can take a look at the MLS listings to find the price of properties selling in the area, but a mortgage professional will know the market without having to look at a book. This means that if you have an ideal house in mind, they’ll be able to determine the right offer for the home you’re interested in so you don’t end up spending time on research and paying more than you should.... 02/17/2017

The post-election period is often one of uncertainty, and the time since the 2016 election has been no different with regards to market force and the financial world. With a new administration taking office, there are many questions regarding how Donald Trump’s presidency will impact the market and your mortgage. If you’re wondering what the predictions are for the coming year, here are a few things the experts are considering.An Increase In RatesDue to an expected hike in rates by the Federal Reserve, it’s unlikely that potential homebuyers will be able to get the low interest rates of previous years. While higher rates are likely, the proposed tax plan and budget of Donald Trump may lead to increased inflation and could also have an impact on rates down the road. The low rates of prev... 02/09/2017

Tony Bomis is a Philadelphia native who started assisting clients with their mortgage needs in 2001.  He spent many years of that time operating a West Chester, PA mortgage brokerage and a number of years with large retail banks, which instilled in him a wealth of experience in all aspects of the mortgage cycle and the real estate world.  Having friends and family in the law enforcement, teaching and healthcare fields, he quickly grew to respect the sacrifices that these careers require and the special challenges, and often dangers, that these careers involve.   When he heard about Homes for Heroes and saw the vision of giving back to local heroes, it was something of which he wanted to be a part. Whether you’re a buyer venturing for the first time into homeownership or you’re building/... 03/25/2016

Market Report November 2012 Bridgeport, Conshohocken, Upper Merion & Montgomery County, PA This is a Market Report for Residential Homes located in Bridgeport, Conshohocken and all of Montgomery County Pennsylvania for November 2012.  Bridgeport and Conshohocken are located along the Schuylkill River and very close to downtown Philadelphia.  Public Transportation serves this area and make traveling around Montgomery County and to Philadelphia and beyond an option. Bridgeport Borough Highest Price:  $230,000   Lowest Price:  $175,000 Houses Sold:  2 Days On Market:  50 As of this writing….. ….Active Listings:  34 ….Lowest Price:  $80,000  ….Highest Price:  $795,000  ….Pending Listings:  4 Conshohocken Borough    Highest Price:  $420,000   Lowest Price:  $149,900  Houses Sold:  13 Average... 01/01/2013

This is a Market Report for Residential Homes located in Bridgeport, Conshohocken and all of Montgomery County Pennsylvania for September 2012. Bridgeport Borough Highest Price:  $195,000   Lowest Price:  $45,000 Houses Sold:  2 Average Days On Market:  34 As of this writing….. ….Active Listings:  43 ….Lowest Price:  $108,500  ….Highest Price:  $795,000  ….Pending Listings:  4 Conshohocken Borough    Highest Price:  $365,000   Lowest Price:  $199,900  Houses Sold:  7 Average Days On Market:  110 As of this writing….. Active Listings:  39 ….Lowest Price:  $125,900 ….Highest Price:  $439,900  ….Pending Listings:  14 Montgomery County PA    Highest Price:  $2,525,000   Lowest Price:  $19,500  Houses Sold:  636 Average Days On Market:  90 As of this writing….. Active Listings:  4609 ….Highe... 10/18/2012

This is a Market Report for Residential Homes located in Bridgeport, Conshohocken and all of Montgomery County Pennsylvania for July 2012. Bridgeport Borough Highest Price:  $249,900   Lowest Price:  $155,000 Houses Sold:  5 Average Days On Market:  143 As of this writing….. ….Active Listings:  42 ….Lowest Price:  $110,000  ….Highest Price:  $795,000  ….Pending Listings:  5 Conshohocken Borough    Highest Price:  $425,000   Lowest Price:  $221,500  Houses Sold:  9 Average Days On Market:  39 As of this writing….. Active Listings:  34 ….Lowest Price:  $125,900 ….Highest Price:  $459,900  ….Pending Listings:  11 Montgomery County PA    Highest Price:  $2,725,000   Lowest Price:  $9,500  Houses Sold:  841 Average Days On Market:  80 As of this writing….. Active Listings:  302 ….Highest Pri... 08/30/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for the 2nd Quarter and June 2012.2nd Quarter 2012 (April, May, June) The maximum sold price for a house was $482,000. The minimum sold price for a house was $63,000.The average amount of days on the market was 75.37 residential houses sold in Conshohocken in the 2nd Quarter of 2012. June 2012The maximum sold price for a house was $301,250. The minimum sold price for a house was $63,000.The average amount of days on the market was 108.10 residential houses sold in Conshohocken in June 2012. (3 of Gloria's relatives owned businesses on Fayette Street years ago) (Information from Trend MLS) Previous Reports for Conshohocken Pennsylvania September 2010 Conshohocken PAFourth Quarter 2010 C... 07/17/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for May 2012. The maximum sold price for a house was $382,500. The minimum sold price for a house was $135,000.The average amount of days on the market was 68.12 residential houses sold in Conshohocken in May 2012. (Information from Trend MLS) (Gloria's mother grew up in Conshy) **According to Wikipedia "The name 'Conshohocken' comes from 'Gueno-sheiki-hacking', meaning 'Pleasant Valley' in the native language of the Lenape tribe of the area's native Americans who first occupied the land over 300 years ago"  Previous Reports for Conshohocken Pennsylvania (Would you like to see more reports?  Just let us know)First Quarter 2011 Conshohocken PASecond Quarter 2011 Conshohocken PA January ... 06/14/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for April 2012. The maximum sold price for a house was $482,000. The minimum sold price for a house was $142,500.The average amount of days on the market was 59.15 residential houses sold in Conshohocken in April 2012. (Information from Trend MLS) (Gloria's mother grew up in Conshy) Previous Reports for Conshohocken Pennsylvania (Would you like to see more reports?  Just let us know)First Quarter 2011 Conshohocken PASecond Quarter 2011 Conshohocken PA January 2012 Conshohocken PA  Conshohocken, Montgomery County Pennsylvania Real Estate - Houses Sold - April 2012 05/10/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for the First Quarter and March 2012.First Quarter 2012 (January, February, March) The maximum sold price for a house was $375,000. The minimum sold price for a house was $88,000.The average amount of days on the market was 49.19 residential houses sold in Conshohocken in the First Quarter of 2012. March 2012The maximum sold price for a house was $275,000. The minimum sold price for a house was $189,000.The average amount of days on the market was 25.6 residential houses sold in Conshohocken in March 2012. (3 of Gloria's relatives owned businesses on Fayette Street years ago) (Information from Trend MLS) Previous Reports for Conshohocken Pennsylvania September 2010 Conshohocken PAFourt... 04/15/2012

For You or a Friend:  FREE Home Buying Seminar in Montgomery County PA $$$  Has the "bottom" hit? $$$  Interest rates are still near historic lows. $$$  The combination of current housing prices and interest rates put housing at 2001 affordability levels. $$$  There is no better hedge against inflation than getting into the house of your dreams NOW and locking in your housing payment for the next 30 years.   Let us help you navigate today’s challenging and often confusing real estate market.   Attend our homebuyer seminar: Thursday, March 29, 2012 6:15-8pm RE/MAX, 441 E. Hector Street, 2nd Floor, Conshohocken, PA   Presenters include: Gina Wherry, Re/Max Realty Group Jason Klaskin, Academy Mortgage Bill Dare, Spotlight Home Inspections   Sandwiches and refreshments will be served.  Spac... 03/27/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for February 2012. The maximum sold price for a house was $375,000. The minimum sold price for a house was $100,000.The average sold price was $270,571.The average amount of days on the market was 46.7 residential houses sold in Conshohocken in February 2012. (Information from Trend MLS) (Gloria's mother grew up in Conshy) Previous Reports for Conshohocken Pennsylvania (Would you like to see more reports?  Just let us know)First Quarter 2011 Conshohocken PASecond Quarter 2011 Conshohocken PA January 2012 Conshohocken PA  Conshohocken, Montgomery County Pennsylvania Real Estate - Houses Sold - February  2012 03/14/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for January 2012. The maximum sold price for a house was $278,000. The minimum sold price for a house was $88,000.The average sold price was $226,583.The average amount of days on the market was 75.6 residential houses sold in Conshohocken in January 2012. (Information from Trend MLS) (Gloria's mother grew up in Conshy) Previous Reports for Conshohocken Pennsylvania (Would you like to see more reports?  Just let us know)First Quarter 2011 Conshohocken PASecond Quarter 2011 Conshohocken PA Conshohocken, Montgomery County Pennsylvania Real Estate - Houses Sold - January 2012 02/08/2012

Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania November of 2011. The maximum sold price for a house was $400,000. The minimum sold price for a house was $135,000.The average sold price was $241,937.The average amount of days on the market was 109.12 residential houses sold in Conshohocken in November 2011. (Information from Trend MLS) Previous Reports for Conshohocken Pennsylvania September 2010 Conshohocken PAFourth Quarter 2010 Conshocken PAFirst Quarter 2011 Conshohocken PA2nd Quarter 2011 Conshohocken PA Conshohocken, Montgomery County Pennsylvania Real Estate - Houses Sold - November 2011 01/13/2012

  Here is information about residential houses that sold in Conshohocken, Montgomery County Pennsylvania for the Fourth Quarter and December of 2011.Fourth Quarter 2011 (October, November, December) The maximum sold price for a house was $415,000. The minimum sold price for a house was $135,000.The average sold price was $253,442.The average amount of days on the market was 90.32 residential houses sold in Conshohocken in the Fourth Quarter of 2011. December 2011The maximum sold price for a house was $380,000. The minimum sold price for a house was $190,000.The average sold price was $252,600.The average amount of days on the market was 107.10 residential houses sold in Conshohocken in December 2011. (Information from Trend MLS) Previous Reports for Conshohocken Pennsylvania September ... 01/13/2012