Nothing makes me more irritated than when I feel like my time is wasted… especially if it could’ve been prevented all along!

Many of you know my wife and I just recently put our home up for sale (http://www.2075mountlebanon.com – shameless plug I know).  My wife also just so happens to be a Realtor® and the Broker-in-Charge of Delco Realty Group, Inc. and has the listing on our home.  I overheard a conversation she was having with the buyer’s agent to get feedback on a showing…

My wife (listing agent): Hello, I wanted to follow up with you and get feedback from you / your clients on our home.

Buyer’s Agent:  OMG!  My clients LOVED your home.  In fact, the husband wanted to make an offer on the spot (serious mancave at my house – 4 car garage with 1/2…

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In a mortgage market that changes as quickly as this one, today’s fact is tomorrow’s fiction.  For buyers, misinformation can be the difference between qualifying for a home loan or not. Sellers and owners, knowledge is foreclosure-preventing, smart decision-making power! Without further ado, let’s correct some common mortgage misconceptions.

1.       Myth: Buyers with bad credit can’t qualify for home loans. Obviously, mortgage guidelines have tightened up, big time, since the housing bubble burst, and they seem likely to tighten even further over the long-term. But just this moment, they have relaxed a bit.  In the last couple of weeks, two of the nation’s largest lenders of FHA loans announced that they’ve dropped the minimum FICO score guideline from…

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