Real Estate | Janine McVeigh Team

Common Loan Terms of the Jumbo Mortgage

February 13, 2020February 13, 2020 by tmcvei

Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you’re interested in what it takes to apply, it helps … Read moreCommon Loan Terms of the Jumbo Mortgage

Janine selected by Homelight as Top 5% Producer

February 13, 2020December 15, 2019 by tmcvei

This last year was my best year ever and I am very grateful to my many clients who supported me and referred me to their friends and family. I was named by Homelight as one of the Top 5% Producers (Gross Sales Volume) in the area during the last year. Thank you to everyone who … Read moreJanine selected by Homelight as Top 5% Producer

STEPS TO BUYING YOUR FIRST HOME

February 13, 2020December 13, 2019 by tmcvei

Steps to Buying Your First Home Photo by Roman Samborskyi via Shutterstock Buying your first home is exciting! And scary! But you don’t have to fear the process if you take the time to become fully prepared for homeownership. Below are the seven primary keys to preparing yourself and smoothing the process. How to Know You’re Ready Determine … Read moreSTEPS TO BUYING YOUR FIRST HOME

Janine honored in “Top 100 Real Estate” magazine

February 13, 2020November 26, 2019 by tmcvei

Janine was recently honored in the “Top 100 Real Estate” magazine for a combination of the amount of sales and purchases she helped her clients achieve and for the number of real estate industry contacts and relationships she has obtained.

Homes with In-Law Suites are “Hot”

June 9, 2019June 9, 2019 by tmcvei

More and more buyers are looking for Homes with In-Law suites. Multi-generational families are seeking homes with true in-law suites with a second kitchen. Young un-married friends are also buying homes with two units so they can maintain semi-independence but still maintain a close friendship. We see this trend growing in the Philly suburbs especially … Read moreHomes with In-Law Suites are “Hot”

Do you need a Buyer’s Real Estate Agent in Philly

April 14, 2019December 16, 2013 by tmcvei

Why Use A Buyer’s Agent? As a buyer did you know that you can be represented by a real estate agent that … Is legally bound by law to represent you and to protect ONLY your interests Is legally bound to be loyal to you and ONLY you Is legally bound to make a continuous … Read moreDo you need a Buyer’s Real Estate Agent in Philly

Help for First Time Home Buyers in Chester County

December 16, 2013December 16, 2013 by tmcvei

Buying your First Home? We have helped many people in the Philly suburbs buy their first home and we can give you many references. Did you know that it does not cost you anything to use a Buyer’s Agent to represent you? The seller pays all Realtor commissions. We are a husband and wife … Read moreHelp for First Time Home Buyers in Chester County

Mortgage Rates Continue to Hover Near Lows

October 1, 2012 by tmcvei

DAILY REAL ESTATE NEWS | FRIDAY, SEPTEMBER 14, 2012 Fixed-rate mortgages mostly held steady this week near their all-time lows, keeping the purchasing power of home buyers high. Thirty-year fixed-rate mortgages, the most popular choice among home shoppers, has been below 4 percent every week this year except for one, Freddie Mac reports in its … Read moreMortgage Rates Continue to Hover Near Lows

Housing Affordability Reaches Records

June 7, 2012June 7, 2012 by tmcvei

Daily Real Estate News | Tuesday, May 15, 2012

Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of REALTORS®.

NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power. This is the first time the quarterly index broke the 200 mark; recordkeeping began in 1970.

NAR President Moe Veissi said market conditions are optimal for home buyers. “For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” he said. “Although home prices are stabilizing and sales are rising, some buyers still have to jump through a lot of hoops to convince a lender that they are creditworthy, even for a mortgage that would be well within their means. This is especially true for self-employed buyers.”

Veissi noted home sales would be much higher if lending standards would return to normal.

Is Housing as Cheap as it’ll Ever Get?

June 7, 2012May 9, 2012 by tmcvei

Daily Real Estate News | Thursday, May 03, 2012

Home buyers who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say. Home prices have fallen and mortgage rates are hovering near record lows, pushing home affordability for the average family to record highs. Meanwhile, rents have been on the rise, making owning a home cheaper than renting in most areas of the country, according to recent surveys. But the housing deals aren’t expected to stick around much longer. An improving job market, a decrease in the number of home owners falling behind on their mortgage, and an anticipated improvement in access to mortgages is expected to help home prices start bouncing back by next year, economists say.