Take advantage of your Privileges from the Federal Tax Recovery Act that was passed last year,
http://www.whitehouse.gov/recovery/tax-saving-tool
John and Sheri Curci RE/MAX Properties 215-968-7400-x 8774
or DIRECT- 1-866-473-6290
Visit our website for more info & pictures on this home or to search all homes Philadelphia & Bucks County
Real Estate.
3/22/2010
City of Phila Use and Occupancy ReSale Certs Changed
Effective January 2010;
The City of Phila now requires CO2 detectors installed before a U&O cert can be issued for a resale of a Home by the City L & I Dept.
It use to be only smoke alarms were needed.....but not no moe!
John and Sheri Curci RE/MAX Properties 215-968-7400-x 8774
or DIRECT- 1-866-473-6290
Visit our website for more info & pictures on our home or to search all homesPhiladelphia & Bucks County
Real Estate.
The City of Phila now requires CO2 detectors installed before a U&O cert can be issued for a resale of a Home by the City L & I Dept.
It use to be only smoke alarms were needed.....but not no moe!
John and Sheri Curci RE/MAX Properties 215-968-7400-x 8774
or DIRECT- 1-866-473-6290
Visit our website for more info & pictures on our home or to search all homesPhiladelphia & Bucks County
Real Estate.
3/17/2010
FHA vs VA
FHA vs. VA
Advantages w/VA:
1. no down payment if qualify
2. no monthly mi insurance . vs. .55 on FHA
3. funding fee is waived if 10% or more disabled from military
4. up to: 4% of true closing costs paid by seller + discount points
Advantages w/FHA:
1. Easier to qualify: up to: 56.9% diti for fha vs. 41-43% max VA
2. FHA usually has .125% lower rate than VA
3. FHA allows non-married co-borrowers income to qualify, vs. VA does not
4. FHA appraisal ordered from list of lenders approval list, VA uses their own appraisers
5. FHA usually can close faster – as little as 2 weeks, VA takes usually 4 weeks
6. FHA does not use any residual income to qualify, VA does – may make harder to qualify ( residual income is income left over each month)
Changes to FHA coming soon:
• 4/1 up front mi premium, now: 1.75% going to: 2.25% - affects payment on a $250,000 sales price: $7.24 p/m
• At some point during summer, FHA will max out seller assist to: 3%, now 6%
Which loan is best?
It comes down to a case by case basis. FHA is usually more widely accepted by listing agents in our area, some agents have spent 15 years selling homes and never sold a home using a VA loan. So..... at times, a seller / listing agent maybe more likely to accept an offer from an FHA buyer, than a VA buyer.
Advantages w/VA:
1. no down payment if qualify
2. no monthly mi insurance . vs. .55 on FHA
3. funding fee is waived if 10% or more disabled from military
4. up to: 4% of true closing costs paid by seller + discount points
Advantages w/FHA:
1. Easier to qualify: up to: 56.9% diti for fha vs. 41-43% max VA
2. FHA usually has .125% lower rate than VA
3. FHA allows non-married co-borrowers income to qualify, vs. VA does not
4. FHA appraisal ordered from list of lenders approval list, VA uses their own appraisers
5. FHA usually can close faster – as little as 2 weeks, VA takes usually 4 weeks
6. FHA does not use any residual income to qualify, VA does – may make harder to qualify ( residual income is income left over each month)
Changes to FHA coming soon:
• 4/1 up front mi premium, now: 1.75% going to: 2.25% - affects payment on a $250,000 sales price: $7.24 p/m
• At some point during summer, FHA will max out seller assist to: 3%, now 6%
Which loan is best?
It comes down to a case by case basis. FHA is usually more widely accepted by listing agents in our area, some agents have spent 15 years selling homes and never sold a home using a VA loan. So..... at times, a seller / listing agent maybe more likely to accept an offer from an FHA buyer, than a VA buyer.
3/02/2010
Carousel Station 1st Floor end unit
Two bedroom 2 bath 1st floor end unit condo. Eat in kitchen with separate laundry area with heavy duty washer/dryer. Formal dining room with newer pewter chandelier. Balcony with extra storage closet. Backing to tennis courts and one close to pool. Gas heat central air. Newer pergo flooring in foyer and kitchen. Two nice size bedrooms.
Sheri & John Curci Remax Properties 215-757-2889 direct or 215-968-7400 extention 8774
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