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Mortgages

Interest rates, mortgage qualifications, the current job market, as well as GDP all work together and effect the current mortgage market. The articles below study the effect on buyers looking to purchase a home as well as sellers looking to sell their home.The articles below will tie it all together.

Mortgage Rates 2014

According to Bankrate.com mortgage rates have risen slightly this week, but if we look at the overall trend of mortgage rates we see a very different picture. We see an economy trying everything it can to stabilize the housing market and succeeding. The average mortgage rate was 3.5% in 2013, the industry responded with record […]

Bankrate predicts 2013 Mortgage Rates

It is great news for 2013! Senior Financial Analyst Greg McBride from Bankrate has predicted mortgage rates to stay under 4% for 2013. Credit will ease as banks start to compete for home equity loans and other credit products. See Bankrate.Com for more details.

Mortgage Rates on the Rise

According to a recent article at Bankrate.com many economists agree that its a great time to buy a home. Although the economy has been slow to recover, now wall street is singing a different tune. Everyone has heard about the Feds recent attempt at controlling interest rates. At their last announcement they  began buying $45 […]

Multiple Credit Report-Will it Lower My Credit Score?

Are you pre-approved for your home purchase?   In New Jersey’s Real Estate Market, serious buyers know that the home buying process cannot begin in earnest until they are pre-approved, not pre-qualified for a mortgage. Pre-qualification is based upon “stated” numbers regarding monthly revolving debt, income, and other general information. It is a 15 minute […]

Short Sales Timelines Reduced for Home Buying and Selling

New Jersey Home Buyers interested in a short sale home and the sellers of such homes have had  some good news from Freddie Mac. Freddie Mac has established new timelines recently to aid in expediting short sale decisions for borrowers. Under the new guidelines, once a completed application has been submitted to a bank, a […]

2012 – Affordable Time to Buy a Home

A combination of historically low mortgage rates and declines in home pricing are resulting in the most affordable home market in two decades. This is great news for home buyers, provided they are able to qualify for a loan. Stricter guidelines and qualifications may make getting a home loan more challenging, so potential home buyers […]

“Robo-Signing” Assists Homeowners

Mortgage lenders are in the news again, only this time it’s not Freddie Mac and Fannie Mae in the hot seat. If you purchased a home through GMAC (now Ally Financial), Bank of America, JPMorgan Chase, or Citibank, you may want to take note. Last week’s settlement of $25 billion is proposed to aid homeowners […]

Resources-Avoiding Home Foreclosure

Home ownership can be a heavy responsibility at times… especially when times are tough.  It can be challenging to find help when times are difficult due to a  decrease or loss of income, illness, unexpected disaster or home repairs, or personal crisis such as separation or divorce.  Add to that a reduction in home values, and […]

How to Choose a Home to Buy

If you’re ready to start looking for your dream home, and you’ve narrowed your search to a few select neighborhoods, take these following tips to heart: 1. Types of homes. Choose the type of home that is the most appealing yet practical for you. In addition to single family homes, there are multifamily homes, condominiums […]