Lender Outlook - May 2022
Over the last six months, interest rates have risen sharply. We’re often asked if paying points to lower the interest rate is a good idea.
What are points?
Mortgage Points are fees that the borrower can pay in order to lower the interest rate. One point is 1% of the loan amount and generally reduces the interest rate by .25%. With a loan amount of $300,000, 1% would cost $3,000 and if the interest rate was 5%, it would be reduced to 4.75% by paying points.
For a $300,000 loan amount at a 30-year fixed rate mortgage, below is a breakdown of how much interest the borrower would pay over the 30-year life of the loan. And, the difference in monthly payment.
KBB REALTORS: Vicki Wedler
"I believe the most important part of my site is what others say about my customer service, not what I say about myself. You may see these testimonials on this site. If you are looking for a real estate agent who knows the Centre County Area, Penn State University, State College School District, Bellefonte Area School District, Bald Eagle Area School District, Penns Valley School District, or Philipsburg-Osceola School District, I am your agent!!! As a life long resident of the area and a former Centre County elected official for 12 years, I know the area, the neighborhoods, the people and the properties. Whether buying or selling homes, land, or commercial buildings for sale or lease, I have the expertise to get you the best outcome. As a licensed Realtor with over 15 years of experience and education in the field, I am excited about serving you."
Why did you become a real estate agent?...
145 Meadowsweet Drive, State College
Situated on a prime 0.69 acre lot, this 'like new' custom-built ranch home by GEM builders displays quality, beauty & attention to detail throughout. The open plan, ceiling heights & abundance of windows accentuates light and space. Some of the upgrades you will appreciate at every turn include Walnut & tile floors, Glicks custom cabinetry & built-ins, and a spectacular kitchen outfitted with subzero and Wolf ASKO appliances. The window shutters are "signature" white 3"1/2 Louver. The Travis Linear fireplace and front entry door are custom built. The garage is oversized and the massive basement with egress and rough-in is ready for expansion. Note: seller offers $3,000 credit towards landscaping.
Call KBB at 814-234-4000 to schedule a private showing today!
View homes for sale in State...
KBB REALTORS: Calandra Witmer & Faussette Team
While you may recognize Erin Calandra Witmer from her years spent as a local news reporter and weather anchor, she now helps current and future community members find their perfect home.
“I love real estate,” Erin said. “Those four words ‘You got the house’ never, ever get old!”
Erin graduated from Penn State and currently lives in Boalsburg with her husband and daughter.
In addition to volunteering with her daughter’s sports teams, she likes spending her time at the beach, camping, exploring, and enjoying all of the great events that happen in Happy Valley throughout the year.
Lindsey Faussette is also a longtime ...
323 Coventry Court, Hollidaysburg
Stunning home in the ever popular Elmwood neighborhood. This home has over 3300 sq.ft. of finished living space. A must see gorgeous expanded kitchen w/ custom cabinetry, large island, granite, GE Profile SS appliances. Solid oak hardwood floors throughout main level. Beautiful bathrooms, newer heating & A/C systems..Large formal dining room and breakfast room, great space for entertaining and opens to the screened back porch. Large Owner's Suite w/ wonderful bath w/ soaking tub, tile shower, separate vanities & walk-in closet. Lower level houses a large recreation room w/ full bath. New roof in 2016. Wonderful large yard to play and great views!
Call KBB at 814-234-4000 to schedule a private showing today!
View more homes for sale:
Open Houses Sunday, February 21st
You want to preview homes ... feel the flow of the floor plan; gaze off the porch at spectacular views; find the storage you need; image yourself living in the home. Our sellers invite you to do this and more at their open houses. Come in ... you are welcome to ask questions and walk through to see if their home could be your new home! Find them all here ... call KBB at 814-238-8080 to see ANY home that's for sale or email email@example.com.
Open Houses are this Sunday, February 21st:
224 Pantops Parade, Port Matilda
Absolutely stunning home nestled on a wooded .97 acre lot the Pantops neighborhood. Close to Rt 322 and I - 99 and Penn State and downtown State College are a short ride away. This is the perfect remote work and school home. Pantops is a thoughtfully designed neighborhood with lots of open common space and walking trails. You have a sense of privacy, yet are in a neighborhood. The house itself is a two story with contemporary design. 10 foot ceilings. Abundance of large windows. Architectural interest with curved walls. Two open lofts on second floor. Each bedroom has its own full bath. Huge closets. Double sided gas fireplace for kitchen area/living room. Two staircases to the second floor, one at entry and one at Family Room/Kitchen area. Built in speakers throughout the house with wiring hookup in the Family Room media cabinet. Gourmet...
322 Beacon Circle, Boalsburg
3D Tour: https://tinyurl.com/y6lchlxn .Best of Liberty Hill; this 4b/4b features architectural enhancements & upgrades throughout: huge windows, HW floors, 9' ceilings, crown molding, loft office & Smart Home access. Oriented West for incredible sunsets, home backs to Harpster Park w/ walking trails for an extended yard feel w/ the convenience of snow/mow. Upgraded kitchen features an island, custom cabinets, tile splash, granite counters, & SS appliances. You'll love the vaulted sunroom w/ door to deck w/ views of Mt Nittany. Light filled rooms & high ceilings continue in 1st floor Owner's Suite w/ transom windows & bath w/ jetted tub! Appreciate the fin LL family room w/ French doors, wet bar, HW floors, rec room, & bed ensuite w/ full windows & bath. Unfin area w/storage/hobby space. This home also features a 2...
KBB REALTORS: Aaron & April Burrell
We have been involved in the real estate industry for 10+ years. Our experience within the real estate appraisal industry, property management and construction has positioned us well to serve our real estate clients with the best service possible. Being resourceful, confident and self-sufficient are a few of our skills and talents that marry well with our love for Real Estate and all it entails. Abilities like seeing the big picture, attention to detail, problem solving and identify the most logical way forward is what makes us a great fit for any client. Whether you are selling your home, searching for your next home or have any questions about the process, we look forward to meeting and helping you along the way.
Kissinger Bigatel & Brower REALTORS (KBB) sells homes, farms, building lots, commercial and investment properties, and has been doing so since 1933. KBB has earned the community's trust and we are...
KBB REALTORS: Sarah Schroeder
Your Life. Your Story. Your Home.
"I have a vision for a curated service experience for my clients and I feel that every buyer and seller have a unique lifestyle, story and real estate goal in mind. From $50K flip properties in Philipsburg to $5M investment properties in Downtown State College – I devote the same time and care to each transaction. For my clients, I believe it’s, Your Life. Your Story. Your Home or Investment…It’s Your Selling Central Pennsylvania Experience and I want to be your advocate in that journey."
I am a licensed Realtor with Kissinger Bigatel & Brower REALTORS, serving all residential and commercial buyers and sellers with a primary focus on first time home buyers, alumni transition back buyers and commercial investors. Originally...