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Huntingdon Valley, Cheltenham, Abington and Philadelphia Information:

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Real Estate Tips
Financing Your Home >Home Buyers Education

As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.

Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.

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Real Estate Trivia
Q 
How many rooms are there in the U.S. President's primary residence?

A 
There are 132 rooms in the White House.
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Marlene Goldberg, REALTOR®, real estate agent and broker for Huntingdon Valley, Cheltenham, Abington and Philadelphia, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Marlene Goldberg, Realtor, GRI
Prudential Fox and Roach Realtors

500 Old York Road, Suite 200
Jenkintown, PA 19046
215-517-6362
marlene@marlenegoldberg.com

Marlene has been licensed in Pennsylvania since 1984 and brings her extensive skills to every real estate transaction. She has helped over 900 families buy and sell their homes as well as helping many investors purchase real estate as a part of their total financial portfolio. She is a multi-million dollar top producer marketing the tri-county areas of Philadelphia, Bucks, and Montgomery Counties. Marlene is a past director of the Multiple Listing Service for the Philadelphia Board of Realtors. She has also educated and trained real estate salespersons for careers in real estate.

GRI


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