Why York County Residents Should Choose CM Mortgage Services Inc. for Their VA Loan Needs
Unlocking Homeownership Dreams with Expertise and Dedication York County, PA – Nestled in the heart of Pennsylvania, York County is a place where the dream of homeownership is alive and thriving. For veterans and active military personnel, this dream is often facilitated through VA loans, a powerful tool in the home-buying journey. CM Mortgage Services Inc.…
Read MoreNew Loan-to-Value (LTV) Rules for 2-4 Unit Principal Residences: A Boost for First-Time Home Buyers
Real estate is a rapidly evolving landscape, and sometimes changes come along that provide significant opportunities for certain segments of the market. On November 18, 2023, we are about to witness one such transformational shift. A new loan-to-value (LTV) requirement for 2-4 unit principal residences is about to be unveiled, and it’s fantastic news for…
Read MoreFuture of Crypto in the Mortgage Industry
Cryptocurrency, whether positive or negative, always seems to be in the headlines. Recently, much of the conversation has centered around the regulatory aspect for these digital assets. According to a study by Coinbase, ~20% of Americans own crypto, and it continues to gain in popularity both domestically and globally with an estimated 1 billion worldwide…
Read MoreThe Role of Escalating Mortgage Rates
The West Chester, PA housing market, is a ever-evolving realm of intricate dynamics, is currently facing a crisis fueled by an unexpected catalyst: surging mortgage rates. In this comprehensive blog, we aim to unravel the intricacies of this crisis, from the effects of rising mortgage rates to the scarcity of homes on the market, and…
Read MoreState of Home Buying in West Chester, Pennsylvania
As we approach the end of the year, it is important to stay up to date with the current trends in the real estate market. One trend that has been affecting both buyers and sellers is the continuous climb of high-interest rates. In this blog post, we will discuss how buyers, sellers, and those with…
Read MoreFannie Mae Home Ready Median Income Increases: Unlocking Homeownership in West Chester, PA
Owning a home is a dream shared by many individuals and families. However, one of the major hurdles in achieving this dream is meeting the strict eligibility criteria for mortgage loans. In a bid to make homeownership more accessible, Fannie Mae, one of the leading government-sponsored enterprises, recently introduced new guidelines for their Home Ready…
Read MoreFreddie Mac Home Possible unlocking West Chester, PA Home Ownership!
Are you dreaming of homeownership in the beautiful town of West Chester, PA? Look no further than Freddie Mac’s Home Possible mortgage. This innovative program is designed to make homeownership more accessible, especially for first-time buyers and low- to moderate-income individuals. In this article, we’ll delve into the ins and outs of the Home Possible…
Read MoreThe Impact of Inflation on Mortgage Rates
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Feds working hard to lower inflation, the…
Read MoreHow Changing Mortgage Rates Can Affect You
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, its helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship…
Read MoreTop 5 Reasons to Choose a Mortgage Broker
If you’re looking to buy a home in West Chester, PA, you may be wondering what your options are for obtaining a mortgage. There are many factors to consider when choosing a mortgage, from interest rates to loan terms to the type of loan that’s best for you. That’s where CM Mortgage Services, Inc. a…
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