| by Gretchen Metz |
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Brown exits nest to help new habitatWEST CHESTER - The Home Builders Association of Chester and Delaware Counties held a kickoff Friday for the organization's 2009 Blitz Build with Habitat for Humanity with special guest Sheldon Brown.
A cornerback for the Philadelphia Eagles, Brown had only words of encouragement for the two organizations that will partner in building twin homes at 115 and 117 Popular Ave. at the east end of the borough Sept. 24, 25 and 26.
On Friday, the Home Builders Association was looking for labor and material donations from its 400-company membership. The breakfast meeting was held at Milestone Events in West Chester.
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| by Al Heavens |
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On the House: Mortgage picture is fuzzy
For a few weeks, I've been hearing that obtaining a mortgage or refinancing one has gotten easier. What I've found, instead, is the lending climate is unpredictable.
David S. Broida of Haverford, for example, sounds like a customer lenders would fight over.
A couple of years ago, Broida bought an Exton townhouse as an investment rental property. The unit has a $299,000 mortgage, fixed at 55/8 percent, and an appraised value of $350,000.
Considering that fixed rates in the last three months have been as low as 4.85 percent for credit-worthy borrowers, Broida decided to refinance to cut his monthly payment.
He tried to find a lender.
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