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 […]
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 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 […]
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, home repairs, or personal crisis such as separation or divorce. Add to that a reduction in home values, and the […]