Philadelphia Mortgage Stars

If you’ve been paying attention at all to the news lately (and my guess is that most folks with a Philadelphia home loan have been), you’ve likely heard a lot of lively discussion (bickering) about “Mark to Market” and whether or not changes need to be made.

So what is Mark-to-Market and why does it matter? Is this going to have any affect on the housing market, and more importantly, directly on your Philadelphia home mortgage?

We’re going to try to give a summary of it below so you can better understand what it is, and more significantly, comprehend how it has played such a significant role in our current economic crisis, including the Philadelphia mortgage market. It may come as a surprise to you to discover that this accounting stipulation (i.e. law) has much more to do with the current economic down turn than possibly anything else.

Before we even consider how Philadelphia mortgage rates have been affected, let us first discuss why Mark to Market was even created. Read the rest of this entry »

No matter whether you are purchasing your first Philadelphia home or are an experienced homeowner, you may probably need a mortgage to make such a large purchase. Irrespective of where you live in the area, there will be multiple Philadelphia mortgage banks who you could use to make purchasing your place possible. How are you able to select the best Philadelphia mortgage bank for your budget?  These are some tips for doing exactly that: Read the rest of this entry »