February 24th, 2010
Do you have any financing tips for a new home?
-AG
We sure do. The first thing we advise is to know your credit. Good deals require high credit scores, especially now. The best home buying deals go to borrowers with credit scores of 740 or higher.
Secondly, do the numbers. To avoid taking on too large of a mortgage, make sure that your monthly payment is no more than 31% of your monthly income. If your family brings in $4,500 a month before taxes, your house payment including principal, interest, taxes, insurance, and any form of association dues, should be no more than $1,395. To have a lower payment would be even better.
Lastly, most lenders require down payments of at least 10%. There are programs through the Department of Veterans Affairs and the U.S. Department of Agriculture’s Rural Housing Service that don’t require down payments. Certain restrictions apply and candidates must qualify.
For more information about the above tips, feel free to contact one of our financial lenders by calling 800.326.9590.
Tags: credit scores, finance, homes, mortgage
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January 28th, 2010
In 2008, I was given the honour of being Builder of the Year from the Pocono Builders Association.
Now this year, Liberty Homes general manager, Peter Gallagher has been honoured as Builder of the Year for 2009.
We are proud that Liberty Homes has been recognized for its contribution to the Pocono Builders Association, the building industry and the Pocono community.
John Holahan
President, Liberty Homes
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December 5th, 2009
Entry level and first time home buyers have been the target of government stimulus dollars in hopes that this will free up the log jam and allow 1st and second move-up buyers to proceed. This in turn can produce the inertia to move the entire real estate market.
Meanwhile, we see people with the means and desire take advantage of a real estate market that has hit a bottom. This is not to say that some home prices will not decline further, just that the home market these folks have interest in has bottomed.
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September 18th, 2009
We’re having a Hot Dog weekend at our office on Route 940, 2 miles east of Blakeslee Corners. Hot Dogs, coffee and soda are free, however, any donations towards United Way will be gladly accepted.
Stop by while driving around and viewing the colours of the leaves. We’ll feed you, let you use the bathrooms and just enjoy the Pocono Mountain air.
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September 18th, 2009
It seems that since the question about what’s so scary, there were plenty of reasons to give new home buyers pause.
There was the increase job losses, lenders becoming more difficult to deal with, home prices falling, global economic uncertainty….. wow!
We’re beginning to see some support of the housing market now, more new home buyers back in the market, fixed interest rates approaching 5% 30 year fixed. We’re optimistic; our vacation home and first time buyer customers are starting to call again, though not at the pace we’ve previously seen.
The time is not right for some, but opportunities are there for the those who are prepared.
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May 5th, 2009
I would like to see some comments from folks that are contemplating buying but are holding off for various reasons; like finances, job security, lack of trust for the building or real estate representatives.
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April 27th, 2009
We have many choice lots, some in communities, some outside private settings that are close to daily bus service to NYC. Locations not only include I-80 but I-380 and other convenient roads. One of the bus stops is near Blakeslee, where we have several properties. These lots are also close to shopping and good schools.
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April 27th, 2009
Bill and Donna, thanks for considering Liberty. Sure, please call our office or write and we can discuss your project, look at your home and get a plan that makes sense for your needs.
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April 6th, 2009
Do you have seminars on what to look for, when buying a home?
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