Open Houses: Saturday and Sunday, September 15-16, 2012

There are many, many open houses this weekend!!! The following properties will be holding open houses in the Brandywine Hundred, North Wilmington, Newark, Hockessin, Pike Creek, Newark, Bear, and Middletown, Delaware areas on Saturday and Sunday, September 15-16, 2012:

Can’t make the open house? No problem! Contact Brian Doreste today at 302-753-6398 to schedule your own private showing.

The most current open house list for New Castle County, Delaware can always be found at: http://deerhurst.net/category/upcoming-open-houses/, and is usually published every Thursday morning.

6083667 $379,900 35 Karens Way Bear DE Amberwood
6028655 $309,000 403 Lark Dr Newark DE Arbour Park
6050439 $299,900 314 Dove Dr Newark DE Arbour Park
6074875 $319,000 522 E Boxborough Dr Wilmington DE Ballymeade
6108829 $259,900 400 Grove Ave Wilmington DE Bellefonte
6055123 $199,900 708 N Augustine St Wilmington DE Bestfield
6109605 $274,900 103 Alders Dr Wilmington DE Blue Rock Manor
6086873 $384,900 304 Hawthorne Dr Wilmington DE Brandywine Hills
6092596 $389,950 10 Dunleary Dr Bear DE Brennan Estates
6085318 $264,900 617 Mckennans Church Rd Wilmington DE Brookdale Farms
6067730 $270,000 2608 Tanager Dr Wilmington DE Brookmeade
6059763 $218,990 126 Margaretta Dr Middletown DE Canal View
6059868 $223,990 128 Margaretta Dr Middletown DE Canal View
6067144 $254,999 160 W Savannah Dr Bear DE Caravel Farms
6105370 $305,000 1208 Marsh Rd Wilmington DE Carrcroft
6109675 $337,900 2 Creighton Dr Wilmington DE Chapelcroft
6108235 $434,900 39 Hidden Valley Dr Newark DE Christianstead
6106784 $234,900 303 Benham Ct Newark DE Clearview Ridge
6076658 $124,900 309 Howell Dr New Castle DE Collins Park
6047135 $279,900 27 Summerfield Ln New Castle DE Colton Meadow
6108361 $209,900 1505 W 7th St Wilmington DE Cool Spring
6103630 $189,900 23 Cornell Rd Wilmington DE Cooper Farms
6047358 $190,000 22 Country Ln Newark DE Country Creek
6077380 $199,990 38 Old Fence Ln Newark DE Country Creek
6077973 $219,900 337 Chickory Way Newark DE Country Place
6043824 $339,900 118 Country Side Ln Bear DE Countryside Farms
6039245 $339,900 7 Guest Ln Wilmington DE Cragmere
6075004 $450,000 13 Creek Crossing Newark DE Creek Landing
6044418 $129,800 1301 N Harrison St 601 Wilmington DE Dorset
6036214 $619,000 604 Black Gates Rd Wilmington DE Edenridge
6071224 $329,900 201 Hanover Pl Newark DE Fairfield
6081188 $175,000 123 Wimbledon Ct Bear DE Forest Glen II
6097898 $199,900 14 Darwin Rd Newark DE Glendale
6049734 $899,900 1191 Boyds Corner Rd Middletown DE Grande View Farms
6044884 $749,900 2602 W 19th St Wilmington DE Highlands
6080263 $243,800 8 Kemble Ct Wilmington DE Hyde Park
6030803 $169,500 81 Commonwealth Blvd New Castle DE Jefferson Farms
6105946 $197,500 2708 Wilson Ave Claymont DE Kenilworth
6073632 $209,900 307 S Dupont Rd Wilmington DE Lancaster Village
6078611 $364,900 231 E Union Dr Middletown DE Lea Eara Farms
6089425 $179,900 206 Park Ave New Castle DE Llangollen Estates
6028102 $189,900 3201 Garnet Pl Wilmington DE Londonderry
6063411 $199,000 140 Capitol Trl Newark DE Lumbrook
6108574 $189,000 109 Ridgeland Rd Talleyville DE Lynnfield
6064579 $429,900 171 Portside Ct Bear DE Mariners Watch
6091887 $225,000 59 White Clay Cres Newark DE Meeting House Hill
6097658 $324,900 13 Bordeaux Blvd Newark DE Meritage
6064075 $104,999 4958 W Brigantine Ct Wilmington DE Mermaid Run
6108671 $220,000 431 Weston Dr Middletown DE Millbranch At Gree
6100490 $169,900 53 Leader Dr Newark DE Newark Oaks
6018547 $990,000 4 Westbrae Ln Greenville DE None Available
6073356 $389,900 988 Sharpless Rd Hockessin DE None Available
6086923 $379,000 542 Dawson Tract Hockessin DE None Available
6098214 $374,000 6 Polaris Dr Newark DE North Star Add
5981159 $474,700 105 Love Ct New Castle DE Northern View
6058341 $325,000 2301 Donwood Rd Wilmington DE Northshire
6083669 $415,000 31 The Strand New Castle DE Old New Castle
6083870 $269,900 411 Harmony St New Castle DE Old New Castle
6083894 $210,000 160 E 2nd St New Castle DE Old New Castle
6085835 $234,000 119 Harmony St New Castle DE Old New Castle
6057640 $159,900 107 W Holly Oak Rd Wilmington DE Pennrock
6083668 $374,900 40 Bernard Blvd Hockessin DE Quail Ridge
6087746 $249,900 272 W Chestnut Hill Rd Newark DE Rittenhouse Wd
6067680 $229,900 8 Burton Ave New Castle DE Rogers Manor
6088189 $177,500 2702 Washington Ave Wilmington DE Roselle
6085568 $219,900 1 Baywatch Rd New Castle DE Rutledge
6085164 $324,900 5457 Crestline Rd Wilmington DE Skyline Hills Of
6064558 $394,900 11 High Pond Dr Newark DE Stone Spring
6061273 $439,900 2048 Old Telegraph Rd Middletown DE Sunny Dell
6021231 $217,500 1980 Superfine Ln 401 Wilmington DE Superfine Lane
6041533 $119,900 118 Cross Ave New Castle DE Swanwyck
6068261 $230,000 901 Glen Falls Ct Newark DE The Ridge
6080945 $589,900 2 Thornberry Ln Hockessin DE Thornberry
6109606 $339,999 229 Galleon Dr Newark DE Trad At Christiana
6080816 $179,900 223 Smalleys Dam Rd Newark DE Tree Lane Terrace
6008627 $199,900 809 W 22nd St Wilmington DE Triangle
6092633 $300,000 1904 N Lincoln St Wilmington DE Trolley Square
6038679 $164,900 4 Lincoln Ave Wilmington DE Tuxedo Park
6065046 $379,000 113 E Main St 313 Newark DE Washington House
6062171 $395,000 1515 N Harrison St Wilmington DE Westhill
6063173 $699,000 3217 Fordham Rd Wilmington DE Westmoreland
6103417 $284,900 375 Northhampton Way Middletown DE Willow Grove Mill
6092989 $374,500 1504 Hancock St Wilmington DE Wilm #11
5968862 $409,000 1003 N Bancroft Pkwy Wilmington DE Wilm #13
6042022 $239,900 49 Bancroft Mls P-5 Wilmington DE Wilm #13
6088113 $314,900 2304 W 18th St Wilmington DE Wilm #13
6067681 $169,900 425 Stahl Ave New Castle DE Wilm Manor
5925717 $129,900 18 Yale Ave New Castle DE Wilm Manor Gardens
6094363 $125,000 7 University Ave New Castle DE Wilm Manor Gardens
6103460 $144,900 1 Boston Pl New Castle DE Wilm Manor Gardens
6086925 $199,900 4508 S Jane Way Wilmington DE Windermere
6083637 $125,000 22 Defoe Cir Newark DE Woodland Trail
6096164 $392,000 612 Nemours Ln Newark DE Woods At Louviers
6057292 $265,000 16 Wayne Dr Wilmington DE Woodside Mnr No
6093233 $1,250,000 102 Wynleigh Dr Greenville DE Wynleigh

Come out and see these houses this weekend!

6 tips for upgrading home’s electrical system

With today’s greater energy demands, size of main panel is key

By Bill and Kevin Burnett
Inman News®

Q: Recently you advised a correspondent on upgrading the electrical system in an older house. You recommended that he upgrade to a 200-amp main electrical panel. What is this based on? Is 200 amps the new baseline standard for residential electrical service? How would you describe the typical electrical service standard for new or remodeled houses?

A: The National Electrical Code (NEC) governs the size of the electrical panel for new homes or remodeled homes. There are various versions of the NEC. Check with your local building department to see which version is followed in your area.

If you’re considering doing some electrical work on your home, please heed this word of caution. Electrical work is not for the novice do-it-yourselfer. While it’s certainly possible for an amateur to add an outlet or replace a light switch with a dimmer switch, doing much more probably means hiring a licensed electrician.

We’ve noted that Bill was the electrician and Kevin was the plumber when we built Kevin’s house and remodeled Bill’s. Both of us had pretty extensive experience before tackling these projects, and we studied up before moving forward. And, on all these jobs, permits were pulled and our work was signed off by building inspectors.

If you decide to tackle an electrical job, consult your local building department and get an electrical permit before starting work. Have the job inspected at the appropriate intervals dictated by the inspector.

Because modern homes us a number of energy-hungry appliances, a 200-amp panel is the minimum we’d suggest. This size panel will adequately serve an average home and give room for some upgrades.

The total amperage of the branch circuit breakers serving the house should not exceed the amperage of the panel.

The load needed to serve the electrical demands of the devices in the house dictates panel size. Modern appliances such as electric cooktops, ovens, clothes dryers and air conditioners, as well as mixers, hair dryers and so forth, can eat up panel space in a hurry.

Multiple lights and most outlets can be run on a single circuit. But devices such as microwave ovens, cooktops, ovens and clothes dryers require a dedicated circuit.

Here are a few rules of thumb when thinking about the electrical requirements in your house:

1. Wire size is counterintuitive. The larger the gauge number, the smaller the wire. Eighteen-gauge wire is smaller than 12-gauge wire. The larger the wire, the greater the load it can handle safely without getting hot or causing a fire.

2. Generally a 14-2 Romex cable will serve most outlets. This means two insulated 14-gauge wires and one bare wire encased in a rubber sheath. The black wire is the “hot” wire; the white wire is the neutral wire; and the bare wire is the ground wire. It’s suitable for loads up to 15 amps.

Vacuum cleaners and lamps operate just fine on this amperage. Most home plug circuits are wired with 14-2 Romex that supply up to eight outlets per circuit. Depending on the usage, a couple of fewer outlets per circuit might be in order.

3. Generally, outlets serving the kitchen and dining room should be 20-amp circuits wired with 12-2 Romex. This is because these circuits will likely take appliances that draw greater amperage.

4. Outlets and switches within a certain proximity to a sink or other water source must be protected by a ground fault circuit interrupter (GFCI). A GFCI breaks the circuit even when a minute amount of water is present. This safety device prevents electric shock and in extreme cases prevents death. Plugs installed in basements, garages, outdoors and bathrooms also require GFCI protection.

5. Electric dryers require a 30-amp outlet protected by a 30-amp circuit breaker, while an electric oven mandates a 50-amp and 8-gauge wire protected by a 50-amp breaker.

6. It’s important to size circuit breakers for the wire size they serve. If a 14-2 cable is run from the panel to the outlet, then a 15-amp circuit breaker is the largest that can be used to protect that circuit. If a 12-2 cable is run from the panel to the outlet, then a-20 amp circuit breaker is the largest that can be installed to protect the circuit.

Back in the day when many houses used fuses it was not uncommon for unknowing homeowners to replace a 15-amp fuse that was constantly failing with a 20-amp fuse. This mistake created the risk of a wire overheating and causing a fire.

Open Houses: Saturday and Sunday, July 21-22, 2012

There are many, many open houses this weekend!!! The following properties will be holding open houses in the Brandywine Hundred, North Wilmington, Newark, Hockessin, Pike Creek, Newark, Bear, and Middletown, Delaware areas on Saturday and Sunday, July 21-22, 2012:

Can’t make the open house? No problem! Contact Brian Doreste today at 302-753-6398 to schedule your own private showing.

The most current open house list for New Castle County, Delaware can always be found at: http://deerhurst.net/category/upcoming-open-houses/, and is usually published every Thursday morning.

6083667 $389,900 35 Karens Way Bear DE Amberwood
6072935 $229,900 24 E Dickens Rd Claymont DE Ashbourne Hills
6070604 $364,900 512 Summit Dr Hockessin DE Berkeley Ridge
6079857 $238,000 1114 Braken Ave Hockessin DE Berkshire
6084995 $224,900 487 Blackbird Landing Rd Townsend DE Blackbird
6047437 $419,000 24 Briar Rd Wilmington DE Briarwood
6076657 $449,900 12 Briar Rd Wilmington DE Briarwood
6045133 $169,500 301 Armstrong Ave Wilmington DE Brookland Terrace
6071601 $179,000 307 Virginia Ave Wilmington DE Brookland Terrace
6081667 $255,000 2609 Tanager Dr Wilmington DE Brookmeade
6082255 $362,500 2417 Brickton Rd Wilmington DE Chatham
6063335 $95,000 107 Louise Rd New Castle DE Chelsea Ests
6061657 $315,000 9 Pegasus Pl Bear DE Clairborne
6083670 $120,000 78 Madison Dr Newark DE College Park
6079950 $219,900 5 Prospect Ave Wilmington DE Concord Manor
6079782 $129,000 704 N Harrison St Wilmington DE Cool Spring
6067155 $509,900 26 Crestfield Rd Wilmington DE Crestfield
6073163 $309,000 607 Yensid Dr Middletown DE Crossland at Canal
5981045 $200,000 116 Locust Ave Wilmington DE Elsmere
6038898 $610,000 120 Bellant Cir Greenville DE Fairthorne
6083277 $175,000 3233 Champions Dr Wilmington DE Fairway Falls
6081188 $175,000 123 Wimbledon Ct Bear DE Forest Glen II
6059639 $100,000 1215 McCoy Way Wilmington DE Franklin Chase
6067737 $259,900 2 Lyon Ct Newark DE Frenchtown Woods
6082393 $248,000 1400 Fresno Rd Wilmington DE Green Acres
6073362 $179,500 3037 Greenshire Ave Claymont DE Greenshire
6084030 $210,000 5 Alcott Dr Wilmington DE Heritage Park
6062891 $285,000 529 Faraday Rd Hockessin DE Hickory Hill
6061365 $400,000 24 Welwyn Rd Newark DE Hillstream
6067369 $389,900 301 Sheringham Dr Hockessin DE Hockessin Greene
6073632 $212,500 307 S Dupont Rd Wilmington DE Lancaster Village
6068796 $379,900 4671 Norwood Dr Wilmington DE Liftwood Estates
6006309 $415,000 39 Stabler Cir Greenville DE Limerick
6004554 $124,900 1820 W 5th St Wilmington DE Little Italy
6054305 $107,000 505 W 9th St New Castle DE None Available
6076097 $319,900 3 Windy Rd Wilmington DE None Available
6083964 $169,900 31 W Lake St Middletown DE None Available
6083975 $164,900 29 W Lake St Middletown DE None Available
6072257 $265,000 510 Southampton Ln Wilmington DE North Pointe
6019732 $182,500 1100 Lovering Ave 204 Wilmington DE Park Plaza
6067706 $298,000 1100 Lovering Ave 702 Wilmington DE Park Plaza
6077792 $183,900 121 Abelia Dr Newark DE Perch Creek
6054170 $129,990 1400 Windsor Ave Wilmington DE Pleasant Hills
6030678 $585,000 1324 Healy Ct Bear DE Red Lion Chase
6067680 $229,900 8 Burton Ave New Castle DE Rogers Manor
6072559 $214,900 114 W Rutherford Dr Newark DE Rutherford
6024933 $205,000 902 Gilder Dr New Castle DE Rutledge
6084670 $249,900 5 Hideaway Path New Castle DE Rutledge
6079724 $354,900 20 Shellburne Dr Wilmington DE Shellburne
6075569 $304,000 435 Upper Snuff Mill Yorklyn DE Snuff Mill
6065480 $194,900 3203 Falcon Ln 108 Wilmington DE Stoney Batter
6076756 $265,000 6 Sumac Ct Newark DE Summer Hill
6082169 $217,500 807 Mccabe Ave Wilmington DE Triangle
6066305 $179,900 1003 Trenton Pl Wilmington DE Trinity Vicinity
6065046 $379,000 113 E Main St 313 Newark DE Washington House
6020052 $223,700 419 N Ogle Ave Wilmington DE Wawaset Heights
6080349 $599,900 148 Marcella Rd Wilmington DE Webster Farm
6055092 $274,900 4 Bender Dr Newark DE West Meadow
6055631 $125,000 709 Liberty Blvd New Castle DE West Minquadale
6007514 $395,000 117 Dickinson Ln Wilmington DE West Park
6077951 $124,900 1 Palmer Pl Newark DE Whispering Pines
6055298 $289,900 375 Northhampton Way Middletown DE Willow Grove Mill
6078603 $180,000 106 W 37th St Wilmington DE Wilm #02
6041237 $190,000 2921 N Harrison St Wilmington DE Wilm #03
6073593 $133,500 717 W 29th St Wilmington DE Wilm #03
6027557 $169,900 1915 N Washington St Wilmington DE Wilm #05
6083824 $240,000 1605 Sycamore St Wilmington DE Wilm #25
6067681 $169,900 425 Stahl Ave New Castle DE Wilm Manor
5925717 $129,900 18 Yale Ave New Castle DE Wilm Manor Gardens
6059643 $200,000 105 Edjil Dr Newark DE Yorkshire
6078156 $379,000 8 Faith Cir Newark DE Yorktowne

Come out and see these houses this weekend!

Open Houses: Saturday and Sunday, July 7-8, 2012

There are many, many open houses this weekend!!! The following properties will be holding open houses in the Brandywine Hundred, North Wilmington, Newark, Hockessin, Pike Creek, Newark, Bear, and Middletown, Delaware areas on Saturday and Sunday, June 30-July 1, 2012:

Can’t make the open house? No problem! Contact Brian Doreste today at 302-753-6398 to schedule your own private showing.

The most current open house list for New Castle County, Delaware can always be found at: http://deerhurst.net/category/upcoming-open-houses/, and is usually published every Thursday morning.

6068295 $619,000 4 Edgewood Rd Wilmington DE Alapocas
6050439 $299,900 314 Dove Dr Newark DE Arbour Park
6074875 $325,000 522 E Boxborough Dr Wilmington DE Ballymeade
6076099 $174,900 107 Blue Ridge Pl Newark DE Barrett Run
6074905 $399,000 106 Ramunno Cir Hockessin DE Belle Terre
6043609 $227,500 1100 Wynnbrook Rd Wilmington DE Bellefonte
6046490 $849,000 23 Brandywine Falls Rd Wilmington DE Brandywine Falls
6076657 $449,900 12 Briar Rd Wilmington DE Briarwood
6032937 $598,900 929 Crossan Rd Newark DE Bridleshire Farms
6071601 $184,000 307 Virginia Ave Wilmington DE Brookland Terrace
6058589 $254,900 913 Aster Ave Newark DE Cherry Hill
6060284 $254,900 1505 W 7th St Wilmington DE Cool Spring
6071224 $339,900 201 Hanover Pl Newark DE Fairfield
6039006 $147,500 217 E Green Valley Cir Newark DE Green Valley
6043620 $199,900 614 Darley Rd Claymont DE Greentree
6074654 $445,000 5 Fox Chase Ln Hockessin DE Hockessin Hunt
6073805 $205,000 2221 Diamond St Wilmington DE Kiamensi Gardens
6054439 $324,900 155 Lakeside Dr Middletown DE Lakeside
6073632 $212,500 307 S Dupont Rd Wilmington DE Lancaster Village
6068796 $379,900 4671 Norwood Dr Wilmington DE Liftwood Estates
6047049 $360,000 8 Wollaston Rd Wilmington DE None Available
6073889 $409,900 612 Foulkstone Rd SHRPLY Wilmington DE Sharpley
6068261 $235,000 901 Glen Falls Ct Newark DE The Ridge
6077609 $459,900 640 Woodview Dr Hockessin DE Valley View
6071722 $154,900 2 Vilone Pl Wilmington DE Vilone Village
6077087 $699,900 902 Overbrook Rd Wilmington DE Westover Hills

Come out and see these houses this weekend!

Open Houses: Saturday and Sunday, June 30-July 1, 2012

There are many, many open houses this weekend!!! The following properties will be holding open houses in the Brandywine Hundred, North Wilmington, Newark, Hockessin, Pike Creek, Newark, Bear, and Middletown, Delaware areas on Saturday and Sunday, June 30-July 1, 2012:

Can’t make the open house? No problem! Contact Brian Doreste today at 302-753-6398 to schedule your own private showing.

The most current open house list for New Castle County, Delaware can always be found at: http://deerhurst.net/category/upcoming-open-houses/, and is usually published every Thursday morning.

6074069 $749,000 104 Oxford Pl Wilmington DE Alapocas
6050439 $299,900 314 Dove Dr Newark DE Arbour Park
6055556 $339,900 412 Lark Dr Newark DE Arbour Park
6033389 $189,900 2109 Harvey Rd Wilmington DE Arden
5986732 $185,000 38 E Avon Dr Wilmington DE Ashbourne Hills
6050198 $77,900 917 Willings Way New Castle DE Ashton Condo
6049200 $619,000 8 E Clivden Pl Greenville DE Barley Mill Ct
6071632 $345,000 606 Greenfield Pl Wilmington DE Bellevue Manor
6044214 $174,900 64 S Skyward Dr Newark DE Breezewood
6039818 $185,000 9 Berkely Way New Castle DE Cambridge Garden
6070879 $244,900 65 Vansant Rd Newark DE Deacons Walk
6064572 $264,900 214 Fieldstone Crossing Dr Bear DE Fieldstone Crossin
6068262 $149,900 136 Valerie Ln Bear DE Forest Glen
6047119 $367,900 217 Cunane Cir Newark DE Forest Ridge
6031391 $110,000 813 Harwood Rd Wilmington DE Gordy Estates
6074544 $419,900 19 Forestal Cir Newark DE Grantchester
6021427 $279,900 308 Gray Blvd Newark DE Gray Acres
6074048 $264,900 1912 Floral Dr Wilmington DE Graylyn Crest-nort
6001321 $169,900 5 Cartwright Ct Wilmington DE Hershey Run
6061647 $475,000 1807 Woodlawn Ave Wilmington DE Highlands
6067369 $399,900 301 Sheringham Dr Hockessin DE Hockessin Greene
6074654 $445,000 5 Fox Chase Ln Hockessin DE Hockessin Hunt
6067796 $189,900 4 Cherry Rd New Castle DE Ivy Ridge
6062237 $184,900 302 Taft Ave Wilmington DE Lancaster Village
6038674 $174,900 2404 Limestone Rd Wilmington DE Limestone Acres
6064579 $450,000 171 Portside Ct Bear DE Mariners Watch
6047939 $210,000 111 Marta Dr Newark DE Meadowood II
6037281 $432,500 14 Woodpecker Rd Newark DE Middle Run Crossin
6073112 $239,500 2605 Belaire Dr Wilmington DE Montclare
6033862 $162,250 328 Palmerston Ct Newark DE Newtowne Village
6004536 $379,500 2611 Silverside Rd Wilmington DE None Available
6063065 $199,900 900 Clayton St New Castle DE None Available
6057085 $439,000 102 Bent Ln Newark DE Nottingham Manor
6056774 $289,900 126 E 4th St New Castle DE Old New Castle
6066517 $219,900 20 Dunbar Rd Newark DE Red Mill Farms
6046040 $244,900 2600 E Robino Dr Wilmington DE Sherwood Park
6072873 $149,900 714 Brook Dr Newark DE Silverbrook
6052277 $132,000 505 Stonebridge Blvd New Castle DE Stonebridge
6072985 $449,000 1403 Shallcross Ave 505 Wilmington DE Trolley Square
6074151 $349,900 1709 N Rodney St Wilmington DE Trolley Square
6063173 $714,000 3217 Fordham Rd Wilmington DE Westmoreland
6059565 $359,900 103 Plymouth Pl Middletown DE Willow Grove Mill
6053245 $269,000 1913 Sycamore St Wilmington DE Wilm #25
6067681 $169,900 425 Stahl Ave New Castle DE Wilm Manor

Come out and see these houses this weekend!

97% loan-to-value Conventional loan with NO PMI?

If you are shopping for a home, then you are undoubtedly looking for the best mortgage deal to finance the most important purchase in your life. Perhaps you have read about 97% loan-to-value (LTV) conventional loans with NO PMI (private mortgage insurance), and thought “No PMI, this is a really good deal.” Some mortgage companies call it the “FHA loan buster”; a lower down payment loan than FHA with NO up-front PMI and NO monthly PMI! All of the advantages of a FHA loan, but no worries of FHA-related issues during the appraisal.

Beware when considering a conventional loan with these terms. The interest rate on this type of loan is generally much, much higher than your standard conventional loan. Most likely, you will pay much more in interest over the term of the loan as opposed to the PMI in a standard conventional loan. You can pay down the mortgage to 80% LTV to remove the PMI in your conventional loan, but you will always be stuck with a high interest rate in a no-PMI conventional loan.

Do you want the best deal and the most options for your next mortgage? Please contact me and I will put you in touch with the best mortgage professionals for the job. I work with an excellent network of professionals who work hard to get the job done at the best deal for my clients.