Gellman Real Estate News: May 2024

Why Now is the Best Time to Renovate Your Home Summer officially starts on June 20th, but for most of us, Memorial Day weekend marks the unofficial beginning. Kids are gearing up for summer adventures, and typically, the real estate market in the Philadelphia area starts to slow down. However, this

Gellman Real Estate News: April 2024

What is PMI and how do I get rid of it?! I’m so happy that the days are longer and the weather is getting warmer. The spring market is heating up, and I’ve already put 6 people under contract this month for new homes. Interest rates are still hovering around the same 7%, but if you’re looking to inv

Gellman Real Estate News: March 2024

What does it mean to “Recast” your Mortgage? A mortgage recast is when you make a lump-sum payment toward the principal balance of your loan so you can lower your monthly paymentI hope everyone had a wonderful March and getting excited for the spring! Now that we are emerging from our hibernation, t

Gellman Real Estate News: February 2024

What to Know About Down Payment Gifts I hope everyone had a wonderful Valentine’s Day! Since the spring market is about to start and people are getting ready to start buying homes again, I want to talk about different ways to help with the costs of financing a house. This month, we’re focusing on “G