Archive for March, 2009
720 the New Score for NJ Mortgages?
Theres was a trend among lenders in NJ that satarted about two months ago, wherein 600 became the MINIMUM FICO score if you were looking for an NJ mortgage. Mortgages in New Jersey have been harder to come by, as this state is in the top 10 in foreclosures and default loans. It [...]
My New Jersey Mortgage
This post is not really about Me, per se. I wanted to make this more about YOU and your New Jersey mortgage choice. I want you to make the best choice possible when you are looking for homes in NJ for sale, and understand that your NJ mortgage is really “good debt”. [...]
Popular NJ Mortgage Programs
The honest truth right now, is that most people in New Jersey are choosing the fixed rate NJ mortgage program. The reason for this is that this program is the “safest” in the fact that this NJ mortgage program never changes ratewise. You know what to expect every month with regards to your [...]
Refinance in NJ and the NJ Mortgage Outlook
Here is the most basic question that I get all the time: “What is going to happen to NJ mortgage rates in the next 6 months?” Or, “Is this the right time to do an NJ refinance? Well, I can tell you that now is a SUPER time to refinance! I have [...]
NJ Refinance-Cash Out vs. Rate and Term
Refinancing your home is still a very ‘hot” thing to do, despite the mess that the resale real estate market in NJ is in. A gool old NJ refinance can go a long way in helping to save YOU a lot of money both monthly and over the long term. The two basic [...]
Big Vs. Small - Homes in NJ for Sale
So which is better? A big homes in New Jersey for sale or small ones? Well, obviously the bigger the home and property you chooses, you can bet the taxes will be higher. However, it will provide much more living space and greater “usability”. While a smaller house will cost less overall [...]
Is Refinancing a Good Idea in NJ?
Remember the huge refinance boom from 2000-2004 in New Jersey? Homes in New Jersey for sale were getting refinanced BEFORE they even went on the market! That is how white hot the refinancing market was in NJ. I can remember TV ads saying “rates are the lowerst they have ever been in [...]
Sellers’s Concessions and Homes in New Jersey for Sale
With down payments basically mandatory these days when buying homes in New Jersey for sale, buyers are being pressured to come up with cashflow, yes, regular old green money. Buyers these days are expected to be more financially stable and responsible, as the market needs to correct itself. So what is a cash-strapped [...]
Transfer Tax on Houses in NJ for Sale Shot Down Again!
Remember when two years ago there was a big outcry from Realtors, homeowners trying to sell houses in NJ for sale, attorneys, appraisers…and pretty much everyone involved in the NJ real estate resale business, because of a SECOND transfer tax? The second real eastate transfer tax was designed to be an individual “township” tax, [...]
NJ Refinance and Homes in NJ for Sale
The market in New Jersey for refinancing and purchasing homes in NJ for sale has been a little slow the past two years. Most people realize this. However, most people also forget that recessions in the economy, usually last about 2 years. Now, we have been going through a slump of NJ [...]