WEEU vs WFMZ Charity Softball Game

WEEU took on WFMZ for a charity softball game to benefit The American Red Cross on Sept. 2nd 2018 at Lyons Ball Field. WFMZ took the game but we are pretty sure everyone was a a winner!

 

 

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several brands and web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Jumbo Mortgages: All You Need to Know

If you are looking at buying a luxury home valued over a half million dollars then you are likely going to need a Jumbo Mortgage. BerksLuxury.com is taking a look at Jumbo Mortgages to give you all the information you need to know!

 

JUMBO MORTGAGES

To understand Jumbo Mortgages first we need to understand why they exist. Fannie Mae, which buy most bank and mortgage company’s home loans has a limit to the amount of the loan they will acquire. For most areas that number is $453,100 but in areas with higher home prices that number can go as high as $679,650. Depending on your area, any loan over the loan amount designated for that area is considered a Jumbo Mortgage. 

Since Fannie Mae will not buy loans over that amount the banks are responsible for either holding the jumbo mortgage or finding investors to purchase the loans themselves. This means there is slightly greater risk for the banks and that they must tie up their own capital over longer periods of time. 

As we all know with greater risk comes higher costs. Jumbo loans often have higher qualification standards such as higher interest rates, larger down payments, increased capital reserve requirements and higher credit score requirements to qualify. Often on jumbo mortgages banks can require two separate appraisals on the property as well.

Historically lenders have required 20% down, anywhere from .5% to 1% higher interest rates and a 700+ credit score to qualify for a jumbo mortgage. More recently banks have been leaning towards attracting high net worth clients and their banking business so recently it has been easier to find rates similar to existing FHA rates and with down payments as low as 5%.

I recently spoke with Scott Li the Owner of RateWinner.com, who handles Jumbo and Super Jumbo Mortgages and he said:

Scott Li – RateWinner.com

“Wholesale lenders (lenders that work with brokers) have definitely noticed how competitive retail banks have gotten with jumbo mortgage rates. For banks it’s not just about providing their client with just a low interest rate. Like Joe DiRosa from BerksLuxury.com said, they want all of that high net worth individual’s business be it banking, retirement account, unsecured loans etc… Wholesale lenders have responded with not only low rates of their own, but also have adopted special programs to qualify self-employed individuals or W-2 earners who don’t fit the retail banks’ strict guidelines.”

Another aspect of qualifying for a Jumbo Mortgage is your capital reserves. Most conventional and FHA loans do not require capital reserves to qualify, but with Jumbo Mortgages lenders generally are looking for 6-24 months of capital reserves to approve the loan. 

Today with all the lender options and the competitive loan programs buying a luxury home is easier today than it has likely ever been.  Be financially responsible and do your homework but the terms offered in todays market are certainly favorable to consumers. 

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several brands and web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Reading United PDL 2018 Championship

BerksLuxury.com visited the Reading United’s first ever appearance at a PDL Championship. The game was held at Gurski Stadium. Reading was up 2-1 with 12 minutes left in the game but ultimately Calgary prevailed 4-2 by scoring twice in the second overtime period. Congrats Reading United, you still finished Eastern Conference Champions and Runner-Up in a 74 team league!

 

Photo Credit: Joe DiRosa

Beverly Hills Tavern 4th of July Celebration Photos

BerksLuxury.com swung by Beverly Hills Tavern pre 4th of July blowout and grabbed a few photos! The place was packed!

Photo Credit: Joe DiRosa

3 Great Spots for Outdoor Summer Dining

BerksLuxury.com did our homework and we are here to bring you three of the best spots for dining outdoors in Berks County. If you are looking for great wine, your own pool party or the biggest outdoor entertainment venue in Berks we got you covered!

 

Beverly Hills Tavern 

Beverly Hills Tavern has been a staple of Berks County going back the two decades I can remember, and possibly longer. Their outdoor dining area is legendary and their Summer crowds always pack the place. It is a huge outdoor venue with a huge cabana bar and plenty of seating for all those who wish to enjoy a little staycation while still in Berks County. The atmosphere is relaxing, they usually have bands or DJ’s like Berks’ s own Koolie Kirk keeping people in a good mood through their Happy Hour, and the real treat is their daily Summer Specials. They keep people happy with their Prime Rib Weekends, Smokehouse RIbs & Pulled Pork every Wednesday during the Summer, they have their Sunday’s Seafood Fest and even a Taco Bar. If you are a Sunday afternoon Brunch person then definitely stop by for their Brunch Buffet on Sundays where you can get bottomless mimosas! 

Beverly Hills Tavern – 710 Old Fritztown Rd Sinking Spring, Pennsylvania 19608

610-777-4516

www.beverlyhillstavern.biz

 

Folino Estate 

If your looking for an epic Summer dining experience you may want to check out Folino Estate Winery. This gorgeous rustic winery has all the feel of elegance and one of the best outdoor dining patios to match. Drink wine straight from the vineyard and dine on there array of fantastic dishes. If you are there for Brunch try the tiramisu waffles which are dipped in espresso topped with sweet ricotta cheese and drizzled in syrup. For Dinner try the Prosciutto-Wrapped Filet ($32), the Roasted Grape Pork Tenderloin ($24) or the Italian Crab Cakes ($26). If your there more for the wine fear not, they also make a delectable array of paninis, pizzas and other finger food. Don’t forget to grab a couple bottles of wine on your way out!

Folino Estate & Winery – 340 Old Route 22, Kutztown, PA

484-452-3633

www.folinoestate.com

 

Pool @ The Inn at Reading

The Pool @ the Inn at Reading is one of Berks County’s best hidden treasures. The space has recently been updated by the new owners and is the only bar with an outdoor pool in Berks County. You can order drinks and food from their outdoor cabana bar and sit poolside and lounge in the sun! Enjoy the ambience while working on your Summer tan. New management is promising a new name and a new series of events once the venue is completely finished. Until then their cabana bar is open on Thursdays, Fridays, Saturdays and Sundays!

Inn @ Reading – 1040 North Park Road, Wyomissing, PA 19610

610-372-7811

www.innatreading.com

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several brands and web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Art on the Avenue 2018 Photos

Photo credit: Joe DiRosa

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several brands and web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

 

REHYDRATE Gallery Show @ 531 Canal St.

06/02/2018

Hydra Artist Studio’s REHYDRATE gallery show at 531 Canal St. was pretty amazing! There were tons of people, great art, cocktails by the Occasional Cocktail Club, a live performance by And You, Brutus and tunes spun by DJ’s Gregg Nyce & Evolution! Click on any of the images and check out the slide show for the entire event!

 

Photo Credit: Joe DiRosa

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several brands and web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Chatty Monk’s Brewery Opening Celebration

Saturday June 2nd, 2018 

Chatty Monk’s celebrated the opening of their new brewery on Carroll St. and there had to be near 500 people who showed up for the event. There was free beer, great food and tons of carnival activities! 

 

Photo Credit: Joe DiRosa (except the last 3 photos)

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Photos of Ferrari Concourse de’Elegance Show @ Reading Country Club, May 20th 2018.

Photo Credit: Joe DiRosa

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com

Best Summertime Luxury Living Homes for Sale

BerksLuxury.com is taking a look at the best luxury homes for entertaining and lifestyle fun for Summertime! Get ready for plenty of pools, jacuzzis, wet bars, game rooms, decks and much more!

 

5024 Oley Turnpike Rd. Exeter PA 19606$949,000

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Looking for the life of luxury? Lets start with this 7,500+ sq ft home in Exeter School District architectural designed home which has so many features your going to want to move in tomorrow. Included in this nearly 5 acres estate are a beautiful infinity swimming pool with a separate jacuzzi area, a workout room, billiards room, wet bar, game room an a wrap around terrace. The home also includes plenty of luxury upgrades to suit your many desires! Reasonably priced at $949,000!

 

1170 Old Mill Ln, Wyomissing, PA 19610$925,000

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Located in Wyomissing this fantastic 6,441 sq ft home is equipped with everything you need to entertain including a great room with fire place and bar. In addition to the magnificent pool area you also have a finished lower lever with full additional wet bar, game and media room and an additional half bath. Lets not forget this house has 5 bedrooms and 4 baths and 3 half baths. Luxury living in the heart of Wyomissing! 

 

112 Robert Rd, Wyomissing, PA 19610 – $899,900

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Another beautiful Wyomissing home, this palatial pad features over 8,700+ sq ft of living space, pool, with jacuzzi area and beautiful multi level trex deck. The home also features a 2 story fireplace, gym area, spa room with indoor jacuzzi, library and basement that has a walkout into the pool. Lets not forget the 4 bedrooms, 5 baths and 2 half baths that encompass the private living space! This place is perfect for your 4th of July entertaining! Available for $899,900!

 

200 Sherwood Dr, Reading, PA 19606 – $599,000

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This 4 bedroom 3 and half bath is made for entertaining! With nearly 5,000 sq. ft. and luxury amenities such as a heated pool, jacuzzi, outdoor patio area, screening room, gym, lower level game room with a wet bar and many more luxury amenities. This home also has an outdoor pond with a waterfall for those of you who appreciate beautiful landscaping! Priced extremely reasonable at $599,000! The perfect Summer home!

 

54 Pine Forge Rd, Boyertown, PA 19512 – $1,500,000

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This beautiful home is for those of you who are into a more rustic feel and enjoy outdoor activities.  The house was built in 1760 but has been recently modernized. The home is over 5,100 sq. ft. and sits on 46 acres of incredible land. The luxury features of this include a horse barn with 8 stalls, an original barn for your outdoor recreational vehicles, several fenced in pastures for the animals and multiple fire places. The incredible woodwork and gourmet kitchen are just some of the interior amenities. A definite must see for those of you who like horse farms! 

 

While there are plenty more luxury homes in Berks County for sale, these are the top picks for Summertime luxury living in Berks! 

 

About the Author – 

Joe DiRosa

Joe DiRosa is the Founder, Publisher & Editor of BerksLuxury.com. I am an Entrepreneur, own several web properties, and am a Licensed Real Estate Agent with RealtyTopia in Wyomissing PA.  I have experience as a Mortgage Loan Officer and have been previously licensed as a Real Estate Agent in the State of New York as well.

If you have any questions or are looking for a property you can call me at 610-390-1331 or email me at Joe@BerksLuxury.com