Sobre Eric
I have been originating mortgages for the past 29 years and am well-versed in all types of loan products including Conventional, FHA, VA and Renovation Loan products. Feel free to see what satisfied customers have had to say regarding my dedication to their transaction, here about Sobre Eric.
I enjoy problem solving and setting realistic expectations for my clients given the various moving parts associated with a typical purchase or refinance transaction. Clear communication with the customer is vital throughout the process. Now, more than ever, financing strategies are paramount in this extremely competitive marketplace.
With respect to properties that could benefit from a Renovation Loan, I have mastered this genre of financing to give myself an edge compared to many of my peers. Many lenders either do not offer 203K or Homestyle Renovation loans or you will find that just few lenders/loan officers are actually highly competent in terms of how to handle these loan products as genuine experts given the intricate details associated with them. Renovation loans can be a terrific solution on an “as-is” sale and a true “win-win” transaction for both buyers and sellers in this environment.
The best way to reach me for the fastest response is to call or text me on my cell at 610 812-4919.
Con licencia en NJ, PA
Guías gratuitas de Eric
Guía para compradores primerizos
Por qué ser propietario, los 7 pasos, la lista de documentos y qué hacer y qué no: léala aquí, sin descargas.
Dónde encontrar a Eric
Eric trabaja desde nuestra oficina de Norwood, PA. Rama NMLS #393283.
Lo que dicen los clientes sobre Eric
86 reseñas de clientes
Reseñas verificadas de clientes a través de Experience.com
this is my first time buying a house. Perry made it so easy you would think we were best friends for years. He helped me with every step that could be where I did not understand. He explained to it in full details. Ray is a great guy and I'm very helpful.
Process was very quick with minimal back and forth.
Eric is the best of the best!!!
Excellent advice and guidance throughout the process.
Thank you so much for all your help through our long home search. We greatly appreciated your efforts to get us the best rate possible.
Our process for getting a home was long and difficult but Eric was a great help along the way and stuck with us through a lot of lost bids until we finally had one accepted. After our bid was accepted, the closing process was pretty seamless and easy with all of the help from Advisors Mortgage.
Eric was right on the money!
Thank you Eric for all of the help buying our home. You made the process easy.
Eric Richman made my loan process fast, easy, and stress-free from start to finish. He explained everything in a way that was easy to understand and always made sure I knew what was going on. Communication was great, and the entire process moved quickly without any confusion. I really appreciated how smooth he made everything, and I’d definitely recommend working with him.
As buyers with self-employment income, we had a lot of moving parts in our file, and other companies made us feel like a home purchase would be challenging. Eric was encouraging from the beginning, explained all the ins and outs of a mortgage, and told us exactly what we needed to do to make this dream a reality. We were able to confidently look at homes within our budget and complete a quick and smooth transaction when we found the right place.
Eric was extremely helpful in assisting me purchase my first home. Any questions or concerns I had were always answered promptly. If I had any questions about the process or paperwork he would explain everything in detail and break it down so that I could understand.
Very knowledgeable and attentive loan officers. They answered all our questions, helped us navigate state programs and helped us get into our dream home.
Eric was always attentive of my needs. He is honest, educated me through the process and helped me secure the best deal possible . I recommend Eric and his professional services.
Eric was wonderful to work with on my home loan. He made the whole process easy and stress-free, always taking the time to explain things and answer questions. I really appreciated how dedicated he was to finding the best option for me. I’m very happy with the outcome and highly recommend him!
Thank you 😊.
The loan officers I dealt with had only my interest in mind and insured that I had the best deal as well as the most equitable and secure loan option
the communication and knowledge guiding us through the proces was exceptional. As stressed as we were, the team made us feel confident and assured that everything would fall into place, as it did!
Eric was fantastic . Communication timely and efficient
Five star rating Excellent customer service and attention to details. Excellent communication
overall great experience! Eric made the loan process feel much easier and more straightforward I highly recommend!
Eric does his homework on the market and took time to establish a relationship with me and my agent. What a difference to work with a live person who is listening to you. He understood what I was looking for in a new home and my budget. It didn't feel as if it was just about numbers and signing the deal. I am appreciative of the clear communication and step by step processing.
star rating ⭐️ ⭐️⭐️⭐️⭐️
Whether you're early on in you're home buying process or ready to start putting down some offers, Advisors Mortgage and Eric Richman are here to make the process as stress free and easy as possible while also providing the best service in the region as well as the best rates you will get from any national or big box mortgage company. Eric Richman is the most knowledgeable, professional, thorough, precise, attentive and responsive loan officer in the entire mortgage industry by miles and it's not even close He will be by your side from pre approval all the way to closing on your dream home getting you the best rates, 24/7 round the clock expertise on nights, holidays, and weekends. Do yourself a favid and make sure you get the best mortgage and best experience from Advisors Mortgage and Eric Richman
Eric and Greg were very thorough. They kept us informed throughout the entire process. Thank you for making the experience a positive one!
Eric has been very vivid on helping with a lot of things and putting on to things that I was not aware of and he has worked on my case vigorously and finished out with a tremendous performance iam definitely recommending him to anyone that wants to buy property.
Últimas noticias del mercado
The latest PCE inflation report came in cooler than expected, giving both stocks and bonds a boost. Headline inflation rose just 0.3% for the month, while the year-over-year rate fell from 3.7% to 3.4%, better than forecasts. Core inflation, which excludes food and energy, increased only 0.2% and declined from 3.3% to 3.0% annually.
The softer inflation data could reduce pressure on the Federal Reserve to raise rates immediately. New York Fed President John Williams indicated there is no urgency to act following September’s rate hike, although he still expects another increase may be needed later this year.
One area of concern is consumer finances. The savings rate dropped from 4.6% to 4.1%, its lowest level in four years, suggesting consumers continue to spend while saving less.
The inflation report was encouraging for financial markets and showed meaningful progress toward lower inflation, which could help ease some of the upward pressure on interest rates if the trend continues.
Source: MBS Highway
The housing market is shifting in buyers’ favor as more homes become available and competition eases. Redfin reported that,“Sellers outnumbered buyers by 58% in August, the biggest gap in Redfin’s records, driven by a surge in listings and stagnant demand”.
This is the widest gap since Redfin began tracking in 2013. Also interesting is that housing supply reached its highest level in more than a decade, giving buyers more choices and negotiating power.
Affordability remains a challenge, with mortgage rates around 7% and the median existing-home price rising 1.6% year over year. Pending sales and mortgage applications have declined, as high costs and economic uncertainty keep some buyers on the sidelines. Many homeowners are also hesitant to trade their existing low mortgage rates for higher ones.
In some markets, homes are taking longer to sell, prompting sellers to adjust prices and increase marketing efforts. Buyers with substantial cash or home equity are especially well positioned, although the overall sales pace through August remained largely unchanged from last year.
For buyers who are financially ready, greater selection and less competition offer an encouraging opportunity to find a home that fits their needs and budget.
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, bringing the target range to 3.75%–4.00%. The Fed made the move because they feel that inflation remains elevated, while consumer spending, business investment and the labor market continue to show resilience. Higher rates are intended to slow demand and help return inflation to the Fed’s 2% goal.
Although the Fed does not directly set mortgage rates, its decisions influence the bond market and investors’ inflation expectations. When the Fed hikes rates it can be seen as deflationary since it makes borrowing money more expensive and slows down the movement of money. Bond investors’ arch enemy is inflation so a push from the Fed to fight inflation can garner more attention from investors to purchase more bonds which would help mortgage rates decrease. However, the comments following the policy change put pressure on the bond market since Fed Chair Warsh’s comments were seen as “thin” and he also mentioned inflation is still hanging around.
If inflation cools and the Fed wins the trust of the markets by continuing to fight inflation, we could see rates have a chance to improve, but if the opposite occurs rates could continue their trend and increase more. Oil is also a large factor and if we can get it to drop in price it could also assist mortgage rates to improve.
Source : Federal Reserve
