Archives: July 2017

Other People’s Money for College

Consider the goal of funding a child’s college education in the future. If “other people’s money” in the form of a scholarship is not a possibility, there still may be another way to use some “other people’s money.” A $25,000 investment into a mutual fund paying 5% would earn $1,250 in the first year. Alternatively, […]

525 Waln Road

Glenside 4 Bedroom Home for Sale! Located on a beautiful tree lined street in sought after, Custis Woods neighborhood. Upon entering you have all hardwood floors in hall, living and dining room. Bonus room, just off the hall is perfect for home office, exercise or even a 5th bedroom if needed. Featuring large windows and […]

Assumptions are an Alternative

In the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. The main reason there haven’t been many assumptions in the past 25 years is that interest rates have been steadily going down and if a person has to qualify, they might as well do it on a new […]

Tips for a Stress-Free Move with Your Pet

You’ve just bought a new home, and Fluffy and Fido are starting to worry about all the moving boxes going into the truck outside. Pets can easily become stressed during a move, which might cause them to lose their fur, become aggressive, or even run away. Luckily, there are a few things that you can […]

Family & Friends Mortgage

Anytime a lender and borrower can agree on rates and terms, it can be a good match but IRS has specific rules that govern the transaction especially when the parties are family or friends. The loan must be done in a business-like manner with a written note specifying the loan amount, interest rate, term and […]

Down Payment Problem – Are You Sure?

There is increasing difficulty for first-time home buyers to save for their down payment as indicated in the graph. Several factors that contribute to this trend include rising rents, rising home prices, student loan debt and flat wages. Some would-be buyers feel they cannot buy a home today but a large part of those decisions […]

The 5 Emotional Stages of Buying Your First Home

Ask anyone you meet and they’ll likely recall vivid details about their first roller coaster ride, their first day of school, or their first kiss. A first home purchase is no different! While buying your first home comes with its fair share of ups and downs, it will ultimately be an enjoyable experience you’ll remember […]