Author: Peter Pescatore (Peter Pescatore)

Why Spring is a Great Time to Buy a Home
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Why Spring is a Great Time to Buy a Home

Spring has just about arrived, and if that news wasn’t good enough; it’s also a great time to purchase a home. Want to know why? Well let me tell you: Prices are only going to increase According to CoreLogic’s most recent piece on home prices in the United States, properties have increased in value by...

Your Credit Score, Your Mortgage, and You
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Your Credit Score, Your Mortgage, and You

If you’re looking to buy a home, chances are you’re going to need to take out a mortgage to finance it. Having a great credit score will provide you with better mortgage options, but what happens after you acquire a mortgage? Like any other finance option, a mortgage will have an effect on your credit...

All About Annual Percentage Rates
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All About Annual Percentage Rates

If you’re interested in obtaining a mortgage, you’ve probably heard the term APR. But if you’re a novice to the mortgage process, you probably don’t know what an APR is. An annual percentage rate (APR) is the amount you’ll pay in interest plus extra fees. Essentially, this amounts to the annual price for borrowing money...

Optimizing Your Open House Visits
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Optimizing Your Open House Visits

So you’ve decided to buy a home. Congratulations! That’s a big decision. One of the more fun and exciting parts of the home buying process is going to open houses.  You get to wander through other folk’s houses and imagine how you would decorate. Physically going to an open house helps you assess the property...

2019 FHA Loan Limits Will Be Raised
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2019 FHA Loan Limits Will Be Raised

The United States will see an increase in 2019 loan limits set by the Federal Housing Administration. Wealthier locations of the United States will have their loan limit raised to $726,525. This limit was previously set at $679,650. The floor will also be increased from $294,515 up to $314,827. Starting January 1st, 2019, these new...

The Cost of Rent Increases as Apartment Sizes Decrease
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The Cost of Rent Increases as Apartment Sizes Decrease

In many parts of the U.S. the size of apartments is dramatically shrinking while the price tag on renting is steadily rising. Most new apartments have an average square footage of 941. This is nearly 5% smaller than it was 10 years ago. Studio apartments are proving to be almost 10% smaller. Despite these smaller...

VA Loan Benefits
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VA Loan Benefits

A VA loan is a special loan that is available to all Unites States Military Veterans. These loans are back by the Department of Veteran Affairs and have a variety of benefits. Benefits One of the most noticeable benefits of a VA loan is that there is no down payment required. Other loans such as...

Refinancing Your Current Mortgage
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Refinancing Your Current Mortgage

What is Refinancing? Refinancing is the process of paying off your original mortgage and replacing it with a new one. Your financial situation now may be different from what it was when your first mortgage was originated. Because you’ve already obtained a prior mortgage, refinancing tends to be a much smoother process with far less...

Home Buying Help: What is Escrow?
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Home Buying Help: What is Escrow?

Buying a home is often the biggest purchase you make in your life. With all that money on the line, buyers and sellers AND lenders need a safe and secure way to make the transaction. In order to make sure the home sale and mortgage funds transfer take place properly, your lender will open an...