Empowered Down Payment Assistance Program

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National Grant Program provides Down Payment Assistance up to 3.5% for FHA Buyers Good news for first-time homebuyers!! Empowered Down Payment Assistance (DPA), a national grant program, provides 2% or 3.5% down payment assistance for homebuyers that meet at least one of the...

Renovation Mortgages Provide Great Opportunity for Homebuyers/Homeowners

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If you’re planning a renovation project in the coming months and wondering how to cover the cost, consider the advantages of refinancing with a FNMA HomeStyle® Renovation loan. What is the FNMA HomeStyle® Renovation Loan? This Conventional home loan allows homeowners to refinance...

Interest Rate Buy Down Mortgages Gain in Popularity

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What is a 2-1 Temporary Rate Buydown, …and is it worth it? As mortgage rates hit 6.25% and above, home buyers are increasingly interested in options that can help reduce their initial mortgage payments. The belief here is that rates will decline enough in the near future so that...

Divorce and Your Home

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Can I keep my house – what are my options? During the time of separation or divorce, there are many questions you might be asking with regard to your current home and credit. Let’s explore some of the more common ones. If I am the one to receive the home in the settlement,...

0% Down Home Loan – WOW!

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ZERO DOWN… Yes, it’s true! For many New Jersey First-Time Home Buyers, homeownership just became a bit easier – and more affordable – thanks to a special 0% down payment home loan offered by American United Mortgage Corporation. As part of our commitment to community reinvestment...

The Myth About Mortgage “Pre-Approvals”

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It’s early Saturday morning and Tom and Susan are celebrating. You see, their real estate agent just called to let them know that the seller accepted their offer. Tom and Susan were finally about to become homeowners. Their realtor indicated that the seller decided to accept...

3 Tips for Home Buying Success

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Buying a home can be an exciting and rewarding experience.  However, the road to homeownership is often filled with roadblocks that can prevent you from reaching your goal. Here are 3 tips to help you navigate the home buying process successfully; Tip 1:  Become a...

Renovate your Home this Spring with a FNMA HomeStyle® Renovation loan

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If you’re planning a spring renovation project and wondering how to cover the cost, consider the advantages of refinancing with a FNMA HomeStyle® Renovation loan. What is the FNMA HomeStyle® Renovation Loan? This Conventional home loan allows homeowners to refinance their...

Fix & Flip Financing for Investors

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Financing for Real Estate Investors Property flipping is at its highest level since 2007, which is not surprising. Rising home values along with an abundance of older homes in need of upgrades is helping flippers locate, renovate and sell properties to home buyers at a rapid...

Can closing costs be rolled into my home purchase loan?

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When you set out to buy real estate, in addition to the funds needed to cover the minimum required down payment, you will also need to set aside funds to cover closing costs. Items such as; Title insurance Survey Searches Your Attorney Fee Tax & Insurance escrow deposits...