Just in case you missed the Free Home Buyer’s Housing Fair sponsored by the Urban League of Philadelphia in partnership with my office, PNC Bank and the Enterprise Center, we’re still here to help. Here are some tips about buying a home, interest rates and an initiative in the Pennsylvania legislature. Homeownership remains a basic tenet of the American dream and I want to make sure everyone in our city has the knowledge and resources to make that a reality.
Home-buying tips: How to land the right house in a tough market for buyers
USA Today | Sarah Skidmore Sell | April 18, 2018
It’s tough out there for would-be homeowners.
They’re facing rising mortgage rates, higher home prices and a shortage of available houses in many markets.
5 things you should know when buying your first home
MarketWatch | Miranda Marquit | April 30, 2018
Buying a home seems like a natural progression at some point. You’re tired of apartment living. You’re an adult now. You think you can afford it. Shouldn’t you have a home?
Under the Radar: Bill would give savers a boost toward home buying
The Daily Item | John Finnerty | May 2, 2018
If approved, the legislation would allow would-be first-time homebuyers to save up to $50,000 over a 10-year period to be used for a down payment and related closing costs on a home.
Freddie Mac introduces 3%-down mortgage for first-time homebuyers
Mortgage Professional America | Francs Monfort | April 30, 2018
The mortgage is offered only for conforming fixed-rate mortgages secured by a one-unit primary residence. It must be underwritten through Freddie Mac’s Loan Product Advisor and at least one of the borrowers must be a first-time homebuyer.
Also, I’m still working on the modern-day redlining issue and will continue to push for equality in the home buying process.