Michael Ferraro

NMLS # 140960

484-948-4036

mferraro@1stsourcelending.com

Michael Ferraro President

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4 Things Every Borrower Needs to Know About Mortgage Brokers

4 Things Every Borrower Needs to Know About Mortgage Brokers

Buying a home in Pennsylvania, whether for the first time or the last, is an exciting event. Yet before you even take a look at a single home for sale, it is a smart idea to have your mortgage financing lined up. While it is possible to get a home loan di

Jun 20, 2018 | mortgage brokers

Should I Rent or Buy?

Should I Rent or Buy?

While homeownership has long been the American dream, buying a home is not necessarily the best choice for every person or every situation. There are many factors to consider in determining if a home purchase is the right decision for you right now. Can

Jun 14, 2018 | Purchasing a Home

Why Have Interest Rates Jumped to a 7-Year High?

Why Have Interest Rates Jumped to a 7-Year High?

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khat

May 24, 2018 |

Pre-approval

Pre-approval

Your first step is to get pre-approved!! In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand

Apr 30, 2018 |

Winter 2018 Guide to House Prices

Winter 2018 Guide to House Prices

Winter 2018 Guide to House Prices House prices are determined by housing supply, housing demand, and housing affordability. Housing Supply: What's the Outlook? Housing supply measures how many months it would take to sell all the ho

Jan 18, 2018 |

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