Latest Articles

Mortgage Lingo Cheat Sheet

1. Adjustable-Rate Mortgage (ARM):A mortgage with an interest rate that changes periodically based on a specific index, leading to varying monthly payments. 2. Amortization:The repayment of principal from scheduled mortgage payments that exceed the interest due. Each payment reduces the loan balance by the amount of the payment minus the interest portion. 3. Appraisal:An evaluation […]

What is the easiest mortgage to get?

Which Type of Mortgage is Easiest to Qualify For? When it comes to securing a mortgage, the options can sometimes feel overwhelming. One of the most common questions we get at Philadelphia Mortgage Brokers is: “Which type of mortgage is the easiest to qualify for?” “Easy” can mean a lot of things from speed and […]

2024 Conforming Loan Limits

How much can you borrow to buy a home in 2024? Mortgage loan limits update annually based on changes in the housing market. As prices for the average home increase, loan limits will follow suit. Here, we break down the current limits for conventional, FHA, and VA and what your maximum home price would be […]

Choosing A Mortgage Broker

A mortgage broker is a licensed professional who acts as an intermediary between homebuyers and mortgage lenders. We work with various lenders, including banks, credit unions, and mortgage companies, to help borrowers find and secure the right mortgage for their needs. What a Mortgage Broker Does: Assessment and Pre-Approval: A mortgage broker begins by assessing […]

What does a title company do?

Whether you’re a seasoned homeowner or a first-time buyer, you’ve probably come across the terms “title company” and “title insurance” in the realm of real estate. These are crucial components that ensure the security and legality of property transactions. In this blog, we’re breaking down the role of a title company and demystifying the concept […]

Earnest Money Deposits

If you’re in the process of buying a home or investing in real estate, you’ve probably come across the term “earnest money deposit.” Earnest money deposits (EMDs) are an essential part of the homebuying process that helps ensure both parties proceed in good faith. In this blog, we’ll break down what earnest money deposits are, […]