Monthly Archives: July 2018

#TaraMTG Tuesday: 7 Ways Mortgage Professionals Can Help You!

DHREA 31/07/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

When you think of the kind of help a mortgage professional offers most likely you think home loan services. But did you know that we can do more?

It’s true! Our office does more than match you with the right loan at a competitive rate. We help you navigate every aspect of homeownership success.

Have questions? Give us a call or contact us through our online form located at the top and bottom of our website.

Trustworthy Credit Advice

Credit scores are a critical part of the mortgage process, so our expertise in credit scores comes with the territory. Because your credit score is essential to the mortgage rate, you want to make sure you have the facts about your credit score and how you can improve it.

So when you’re looking for honest answers about your FICO score, remember Tara Mortgage Services can help!

Explain the Homebuying Process

Curious about what it takes to buy a home but not quite ready to move toward applying for a loan?

Maybe you’re wondering:

  • Which loan option is best
  • About hiring a real estate agent
  • What fees to expect
  • How much home you can afford to buy

Offer Down Payment Tips

Many think that you need a 20% down payment for a home, but that’s not true! There are many loan options where you need as little as 3.5% down!

Need help coming up with down payment that won’t drain your savings? We’ll coach you on creative ways to come up with it. From monetary gifts to home buying assistance programs, we know all the tricks to buy a home with limited funds to start.

Do a Financial Checkup

Similar to your annual health checkup, your finances need a checkup too! We’ll take a look at your assets, income, and other financial obligations so that you can have a better understanding of your financial situation.

Just as a doctor gives you tips on how to improve your health, we’ll make some recommendations, like refinancing to a better term, to improve your financial health.

Explore Investment Property Options

Considering buying an investment property? We’ll clarify your loan options, and offer advice, so you decide if it’s a smart financial move.

Avoid Foreclosure

Foreclosure doesn’t have to happen to you. We can help you explore different options before it gets to the point where you can no longer afford your mortgage payments. If you think you might be at risk for missing mortgage payments, please contact us right away.

Look Out for Your Home Buying Interests

As mortgage professionals, we’re passionate about being a valuable home loan consultant in every way. From helping you decide whether you should refinance out of an FHA loan, or how to recognize housing scams, our duty is to serve you.

Mortgage Professionals at Your Service

Whether you’re a first time home buyer, an existing homeowner, a budding property investor with questions, or just looking for a financial checkup, we’re here to offer honest guidance and advice. Contact Tara Mortgage Services today for personalized assistance from an experienced mortgage professional.

Alex Deacon’s August MeetUp has been announced! These events fill up fast, so guarantee your spot today!

Detailed Game plan from A-Z for your next Buy and Hold

Saturday, Aug 11, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

9 Members Attending

This is a great session for those who want to buy and hold. This will give you an idea of realistic expectations that you can count on for your current and your future investments. We will look at some of my current and past buy and hold properties and take a close look to see what mistakes and successes I had made and lets learn from those and com…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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DHRE Home Blog: The Benefits of Using Essential Oils

DHREA 30/07/2018

essential oils

 

Essential oils are a product made by the distillation of natural material, usually by water or steam. The resulting all natural oils are highly aromatic, and can be used for a number of holistic reasons from health and skin care to aromatherapy. Essential oils can also be used for healthy home do it yourself projects. These projects can range from simply getting your home to smell nice, all the way to pest control.

Here are a few do it yourself healthy home tips and tricks you can do with Essential Oils.

AIR FILTERS

While doing your monthly air filter replacement in your home, put a few drops of your favorite essential oil on the air filter before you install it. Put a drop in each corner, as well as a couple in the center of the filter. This will keep your home smelling great for a month when you change your air filters again.

FRESHEN WHILE YOU VACUUM 

Depending on the type of vacuum you have this can be done two ways. The first way is if your vacuum uses the disposable paper bags. If so just add a few drops to the bag before you install it. If you have a reusable bag or a bagless vacuum simply put the drops on a cotton ball and place the cotton ball inside the bag or canister. Then every time you vacuum you will leave behind a fresh scent.

LINEN SPRAY

Get a spray bottle and fill it with 1.5 cups of water. Then add 3 ounces of vodka and about 30-35 drops of your favorite scented essential oil. Lavender is a popular choice for this spray. Shake the bottle up to mix the ingredients and spray your linens to give them a pleasant aroma.

GET RID OF SHOE ODOR

This is possibly the easiest trick you can do. Put a few drops of some great smelling essential oils on cotton balls and leave them in your shoes overnight. The next morning your shoes should be smelling good as new. Just make sure to put your shoes out of the reach of any pets you have when you do this.

KEEP YOUR BBQ BUG FREE

No one enjoys a BBQ with a bunch of mosquitoes and flies buzzing around. To keep these annoying bugs at bay drip a few drops of citronella oil on the coals of your BBQ and on any candles you have out.

AMAZING SMELLING LAUNDRY

To get your laundry smelling fantastic put a couple drops of an essential oil like lavender or your own favorite blend on a dryer sheet. Put the dryer sheet in with your laundry and turn the dryer on. Your laundry should come out smelling even better then usual.

HOMEMADE AIR FRESHENER

Rather than using those store bought aerosol sprays that are full of dangerous chemicals you can make your own air freshening spray with essential oils. Get a spray bottle and fill it up with no more than a cup of distilled water. Then choose three of your favorite essential oils that go well together. Put eight drops of each oil in the spray bottle. Shake well. Now you have a healthy, homemade air freshening spray.

HOMEMADE PEST REPELLENT

If you have pests like mice, spiders and ants in your home this is an easy trick to get rid of them. Put a few drops of peppermint oil on a cotton ball. Then, put the cotton balls in the problem areas of your home. Most of these pests detest the smell of peppermint so this should drive them out of your home.

EASY SIMMER POTS

Want to freshen up your entire house quick and easy? Fill a pan with water and bring it to a boil. Once it begins to boil set it to simmer and add drops of your favorite smelling essential oil. This will have your home smelling great in no time. Just remember to keep putting water and drops in the pan as they evaporate into the air.

Alex Deacon’s August Real Estate Investing Workshop has been announced! Click below for details!

Detailed Game plan from A-Z for your next Buy and Hold

Saturday, Aug 11, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

1 Members Attending

This is a great session for those who want to buy and hold. This will give you an idea of realistic expectations that you can count on for your current and your future investments. We will look at some of my current and past buy and hold properties and take a close look to see what mistakes and successes I had made and lets learn from those and com…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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#UPDATE: Three Great Properties Under Contract!

DHREA 30/07/2018

These fantastic properties are now under contract:

 

 

Sign up for Alex Deacon’s August Real Estate Investing and Networking MeetUp today!

Detailed Game plan from A-Z for your next Buy and Hold

Saturday, Aug 11, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

1 Members Attending

This is a great session for those who want to buy and hold. This will give you an idea of realistic expectations that you can count on for your current and your future investments. We will look at some of my current and past buy and hold properties and take a close look to see what mistakes and successes I had made and lets learn from those and com…

Check out this Meetup →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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*NEW LISTING* 1344 Missouri Ave in 15017

DHREA 27/07/2018

 

This charming brick ranch features beautiful hard wood floors throughout the main level with exception to the kitchen & bathroom that have tile flooring, finished basement with full bath, laundry room, garage and parking for three more cars outside. Large tri-level back yard with an amazing view of Bridgeville and a fantastic place to watch fireworks on the 4th every year, large patio off the kitchen is perfect for grilling and entertaining. Newer roof, updated flooring in basement and ready for a new owner.

Click here for full property details!

 

 

Alex Deacon’s Real Estate Networking Group is nearing 500 investors! Join today for the latest updates regarding Alex’s monthly MeetUp workshop!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
471 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Real Estate Investing w/ Alex Deacon: Home Inspections

DHREA 27/07/2018

 

In this segment, “The Deacon of Real Estate” Alex Deacon discusses the advantages of getting a home inspection done before a sale, and what each step of the inspection could cost you. Don’t miss this great refresher on why a home inspection is one of the most important steps to your sale.

 

 

Don’t miss the latest updates regarding Alex’s Real Estate Workshops! Click below and join over 470 other real estate investors!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
471 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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#UPDATE: 144 43rd 1/2 Street in Lawrenceville now CONTINGENT!

DHREA 27/07/2018

 

This great rehab opportunity sitting at 43rd 1/2 Street in Lawrenceville is now contingent!

 

CONNECT WITH NEARLY 500 OTHER INVESTORS!

Join Alex Deacon’s Real Estate Networking Workshop today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
471 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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#TBT: Remember The Old Airport? We ‘Member!

DHREA 26/07/2018

Greater Pittsburgh International Airport, PA

Before we had the massive, and for a moment in time, trend-setting Pittsburgh International Airport, Pittsburghers would travel in and out of the city through Greater Pittsburgh Airport. Although our airport may not be as busy as it once was, the “new” Pittsburgh International Airport is within a 90-minute flight to roughly 70% of the North American airline population. In other words, we became a major hub for airlines and travelers, and the smaller and simpler Greater Pittsburgh Airport needed a makeover.

The Greater Pittsburgh Airport was designed by a local architect named Josep W. Hoover. One of the primary features of his style is the use of simple, exposed concrete, steel, and glass materials. The terminal building was constructed in “stepped” levels: the first floor extended farther than the second, the second floor extended farther than the third, etc. Such a design meant that the uncovered roof of the lower level could then be used as an observation deck. In addition to the observation decks, the rounded “Horizon Room” was designed on the fourth floor with a commanding view of the airport runways. The interior of the terminal building was designed in the International Style, as was the exterior. One of the most memorable features of the lobby was the large compass laid in the floor with the green and yellow-orange terrazzo. The lobby also included shops and services for travelers. A mobile by Alexander Calder was another decorative feature of the lobby. The mobile currently hangs in the center core of the new airside terminal.

In 1959, the east dock was added to the terminal as air travel became more popular. On July 25, 1959, TWA introduced the first scheduled commercial jet service to Pittsburgh. With the longer range of jet engines, international air travel was more practical. On July 1, 1968 international airport status was obtained with the dedication of the first customs office at the complex. Ground was broken for the new International Wing on July 8, 1970, and opened in 1972 to accommodate federal inspection services and expansions for international travel to Europe, the Caribbean, Japan, and Canada.

In the late 1970s, significant growth in regional air travel created a need for additional gates at the terminal. In 1980, the South East Dock was opened. Even with all the expansions, the terminal could not meet the needs of modern air travel. Operations moved into the new Midfield Terminal in 1992, and have remained there ever since.

Why tell this story? We feel the story shows how Pittsburgh has always been a growing “sleeper city”, and convenience of travel can be a major factor when looking to find your new home. Often overlooked, Pittsburgh is starting to stand out from the shadows and tag of “The Little City That Could”. We’re starting to be considered a top destination.

 

 

Join nearly 500 investors in Alex Deacon’s Real Estate Networking Group on MeetUp.com today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
471 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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Visit These Great Local Museums!

DHREA 25/07/2018

No, Steeler fans, Heinz Field is not considered a museum of natural history or art. However, Pittsburgh is home to some of the country’s most recognized museums. Natural history and the arts are Pittsburgh’s hidden passions, and that passion is reflected in our amazing galleries. Below, we’ve listed a few of the many locations you’ll want to visit in Pittsburgh, no matter if you’re native and haven’t been, or planning to relocate and looking at what we have!

ANDY WARHOL MUSEUM

The Warhol Museum, part of the Carnegie family of museums, is dedicated to the works of Pittsburgh-born artist Andy Warhol. Located on the city’s North Shore, the Warhol Museum houses an extensive collection tracing the artist’s work from illustrator to pop icon. To learn more about the Warhol Museum, visit: www.warhol.org.

CARNEGIE MUSEUM OF ART

The Carnegie Museum of Art has more than 35,000 objects in its extensive collection and has been the place to experience some of the world’s greatest art for generations. Located in Pittsburgh’s Oakland neighborhood, it was established in 1895 and showcases fine art, architecture, sculpture, and photography. For more information on the Carnegie Museum of Art, visit: www.cmoa.org.

CARNEGIE MUSEUM OF NATURAL HISTORY

Founded in 1895 by Andrew Carnegie, the Carnegie Museum of Natural History is also located in the Oakland area of Pittsburgh. It is ranked among the top five Natural History Museums in the country. The museum features 20 exhibit halls including Dinosaurs in Their Time, where visitors stand in awe gazing upon the colossal size of the dinosaurs that once roamed the earth. To learn more about the Carnegie Museum of Natural History, visit: www.carnegiemnh.org.

CARNEGIE SCIENCE CENTER

The Carnegie Science Center, located on Pittsburgh’s North Shore, has something for everyone. Featured exhibits of the Science Center include: the USS Requin submarine exhibit, the Omnimax Theatre, the Miniature Railroad & Village, Highmark SportsWorks, and the Buhl Planetarium (have you been to a late night laser show?). Children and adults alike will be amazed with all this popular area museum has to offer. For more information on the Carnegie Science Center, visit: www.carnegiesciencecenter.org.

CHILDREN’S MUSEUM OF PITTSBURGH

The Children’s Museum of Pittsburgh combines fun with learning and exploring. Located in Allegheny Square on Pittsburgh’s North Side, the Children’s Museum delights youngsters and brings out the child in grown-ups. The hands-on exhibits encourage little ones’ creativity. One of the highlights of this museum is the Fred Rogers & Us exhibit, where children can visit a recreation of the Neighborhood of Make-Believe. To plan your day of fun, visit: www.pittsburghkids.org.

FORT PITT MUSEUM

Part of the Heinz History Center, the Fort Pitt Museum, located in Point State Park, tells the story of Western Pennsylvania’s role during the French & Indian War, the American Revolution, and as the birthplace of Pittsburgh. For more information, visit: www.heinzhistorycenter.org/fort-pitt.

FRICK ART & HISTORICAL CENTER

The Frick is the legacy of Helen Clay Frick, daughter of industrialist and art collector, Henry Clay Frick. While there, you can tour Clayton, the Frick’s mansion, and surrounding buildings. You may also tour The Frick Art Museum, which is home to the Frick family’s personal art collection as well as decorative art. A visit to The Frick Art & Historical Center is like stepping back in time to Pittsburgh’s Gilded Age. To learn more about The Frick, visit: www.thefrickpittsburgh.org.

PHOTO ANTIQUITIES MUSEUM OF PHOTOGRAPHIC HISTORY

Located on Pittsburgh’s North Side on East Ohio Street, Photo Antiquities has the region’s best collection of vintage photographs and antique cameras. It is focused on the preservation and education of the history of photography from 1839 to 1939. For more information, visit: www.photoantiquities.org.

PITTSBURGH CENTER FOR THE ARTS & PITTSBURGH FILMMAKERS

In 2006, the Pittsburgh Center for the Arts and Pittsburgh Filmmakers merged and became the area’s foremost visual arts organization. It has galleries in Shadyside, the Filmmakers Gallery in Oakland, and three theaters exhibiting first-run foreign and independent American films, classics, and documentaries. Exhibitions change often. To learn more about what is going on at the Center for the Arts and Pittsburgh Filmmakers, visit: www.pittsburgharts.org.

THE MATRESS FACTORY

The Mattress Factory is a museum dedicated to contemporary art installations. It is located in three historic buildings on Pittsburgh’s North Side in the Mexican War Streets. Exhibits change often, so be sure to visit their website to see current happenings at The Mattress Factory: www.mattress.org.

SENATOR JOHN HEINZ HISTORY CENTER

The Senator John Heinz History Center is Pennsylvania’s largest history museum and is an affiliate of the Smithsonian Institution. Located in Pittsburgh’s Strip District, it opened in 1996 and has become one of the area’s most popular museums. It chronicles the past 250 years of Pittsburgh’s history. For more information on the Heinz History Center, visit: www.heinzhistorycenter.org.

THE SOCIETY FOR CONTEMPORARY CRAFT

Since 1971, The Society for Contemporary Craft has offered exhibits in contemporary art in craft media. Located on Smallman Street in the Strip District, it also has a satellite gallery at BNY Mellon Center. In addition, it has a retail store so you can take home some works of art you enjoy. For more information, visit: www.contemporarycraft.org.

SOLDIERS & SAILORS NATIONAL MILITARY MUSEUM & MEMORIAL

Soldiers & Sailors, located in the Oakland neighborhood of Pittsburgh, began as a way for Pittsburghers and Allegheny County residents to honor those who had served in the Civil War. Dedicated in 1910, Soldiers & Sailors, during the intervening decades, has evolved into a memorial to all who have served and the largest memorial in the United States honoring all military veterans. It has artifacts from the Civil War to current military conflicts. To learn more about Soldiers & Sailors, visit: www.soldiersandsailorshall.org.

BAYERNHOF MUSIC MUSEUM

Located in the sprawling mansion of Charles B. Brown, III, the museum’s founder, in O’Hara Township, the Bayernhof Music Museum houses an extensive collection of music boxes and other automated musical instruments including “monkey” organs, carousel organs, and an automatic banjo. To learn more about this unusual museum, visit: www.bayernhofmuseum.com.

WESTERN PENNSYLVANIA MODEL RAILROAD MUSEUM

Dedicated to the exhibition of model trains and historical railroad items, the Western Pennsylvania Model Railroad Museum is located in Gibsonia. It is a nonprofit that promotes and preserves the history of railroads in Western Pennsylvania through the hobby of model railroading. From mid-November through mid-January, the museum hosts its Annual Holiday Train Show. For more information, visit: www.wpmrm.org.

OLD ECONOMY VILLAGE

In 1824, the Harmony Society, a religious community, established a settlement in Ambridge. The group formally dissolved in 1906, but their five-acre settlement has been preserved and was designated a National Historic Landmark District in 1965. Step back in time with a visit to Old Economy. To learn more, visit: www.oldeconomyvillage.org.

MEADOWCROFT ROCKSHELTER AND VILLAGE

Part of the Heinz History Museum, Meadowcroft Rockshelter is an archaeological site of the first Americans who inhabited the area some 16,000 years ago. Also located there, is the Meadowcroft Village, which allows visitors to experience 19th Century rural village life. For more information, visit: www.heinzhistorycenter.org/meadowcroft.aspx.

THE PENNSYLVANIA TROLLEY MUSEUM

The Pennsylvania Trolley Museum’s mission is to preserve Pennsylvania’s trolley era. It began in 1954 with three trolleys and now has a collection of more than 50 cars, attracting 30,000 visitors each year. To get on board with the trolley museum, visit: www.pa-trolley.org.

FORT LIGONIER

Located in the beautiful Laurel Highlands, Fort Ligonier was established in 1758 during the French & Indian War. Eight acres of the original fort have been preserved, and visitors can learn what it was like to live on the frontier during war times. For more information, visit: www.fortligonier.org/fort_ligonier.php.

 

 

Join Alex Deacon’s Real Estate Networking Workshop group today! 470 members and growing!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
470 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

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Alex Deacon’s Property Management Series: Increase Value of a Rental Property!

DHREA 25/07/2018

 

 

Alex Deacon is back with his property management series, and in this episode, “The Deacon of Real Estate” is delivering tips to increase the value of your rental property! Alex discusses future value, current value, and current market value, and what improvements fall into which category! Don’t miss this highly informative session that can really improve your cash flow and steadily increase property value!

 

 

Be one of the first to get details on Alex Deacon’s August workshop! Click below to connect on MeetUp.com!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
470 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

Read More

#TaraMTG Tuesday: Your Questions About Closing Costs Answered!

DHREA 24/07/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

This blog will answer the most common questions about buyers closing costs, including some ideas for minimizing paying closing costs upfront.

“Will There Always Be Closing Costs?”

Yes, there are always closing costs. Whether you’re the buyer or the seller or even refinancing, you’re going to have closing costs. If you’re the buyer, your mortgage closing costs account for about 2%-5% of the purchase price. If you’re the seller, about 6% of the sales price will go toward paying realtor fees.

“Can I Roll Closing Costs into the Loan?”

Typically, the only loan that allows you to include the closing costs into the mortgage is a USDA loan.

Home loans have a loan-to-value ratio (LTV ratios) that puts a cap on how much you can include in the loan. This is calculated by taking your loan amount plus the closing costs and then subtracting the down payment. The number you’re left with must not exceed the LTV limit for that specific loan.

The only exception to the LTV ratio rule are USDA loans. You can include your closing costs into a USDA loan just as long as your property appraises for more than the sales price.

“Can I Have The Seller Pay for My Closing Costs?”

You can negotiate with the seller to see if and how much of your closing costs, including realtor fees, they are willing to pay. One way to entice them to pay your fees is to offer to buy the home for a higher purchase price if they agree to pay for some of your costs.

You may be wondering if this is actually worth, but consider this: increasing your offer by $6000 in exchange for them paying $6000 in your closing fees amounts to only a few extra dollars a month in your mortgage payment. If you’re looking for a way to save on your fees upfront, this is how you want to do it.

Note that each type of loan has a max as to how much the seller can contribute to your closing costs. Call our office for more information.

“What’s Included in My Closing Costs?”

The following is not an exhaustive list, and the amounts will vary. However, you will have a precise breakdown of your closing costs when funding your home purchase with us.

  • Appraisal Fee
  • Attorney Fee
  • Escrow Fee
  • Closing Fee -charged by the title company
  • Courier Fee -sent by a carrier or delivery service, though we utilize digital mortgage processing as much as possible
  • Pre-Paid Interest
  • Real Estate Taxes and PMI Escrow Deposit
  • Pre-Paid Hazard Insurance
  • Up-Front FHA MIP -applicable only on FHA loans
  • Discount Points
  • Flood Certificate Fee
  • Recording Fees -for issuing a new deed
  • Transfer Tax -vary by county
  • HOA Transfer Fee Pest Inspection -required for all government-backed loans
  • Title Insurance
  • Title Search Fee
  • Underwriting Fee
  • Loan Origination Fee
  • Survey Fee
  • Wire Transfer Fee
  • VA Funding Fee -applicable only to VA loans.

Closing costs may not be the most attractive part of buying a home or refinancing your current mortgage, but it’s a small price to pay for the benefits that a home loan provides. Find out how much you qualify for by applying for home loan with Tara Mortgage Services today!

 

Alex Deacon’s Real Estate Networking Group is rapidly growing! Don’t miss out…join today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
470 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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