Looking for a Northern New Jersey Home? Call or Text (973) 489-7916 for immediate response!

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.

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