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...

Loan Limits Increase for 2019 – Great News for Home Buyers!

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Conforming Loan Limits Increase for 2019 Great news announced this week, especially for first-time home buyers in high-cost areas like New Jersey. The single family Conventional loan limit will increase from $453,100 to $484,350, and the high-balance limit to $726,525! That...

Buying and Selling your Home at the Same Time

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The Buy / Sell Buying and Selling your Home When you are in the market for a new home, you may find yourself in the situation where you are both buying a new home and selling your existing home at the same time. To some, this task can be overwhelming …and at times, risky. Here...

Getting Married? Say “I Do” to Homeownership

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Wedding planners will tell you, to have a successful wedding it’s important to begin the planning process months in advance of your special day. Preparing for the next phase of your life together – Homeownership – is not much different. In fact, home buying experts suggest that...

2 Little-Known Credit Score Killers

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 2 Little-Known Credit Score Killers….to avoid! Having a high credit score can save you a great deal of money when it comes to interest on things like mortgage loans, auto loans, lines of credit, …and even insurance premiums. Many consumers are aware of the common factors...

Tired of Bidding Wars? Bypass your competition by turning that “fixer upper” into your dream home with renovation financing.

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  Home buyers often look for homes that have been upgraded. Realtors prefer to show their clients properties that have good curb appeal.  This combination often leads to multiple offers on the same home – aka “bidding wars”. In today’s competitive real estate market, bidding...

Hybrid Mortgages Gain Again in Popularity

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Hybrid Mortgages Gain Again in Popularity As mortgage rates continue to climb, many home buyers and homeowners are looking for alternative ways to keep their interest payments as low as possible. Re-enter the Hybrid Mortgage – a fixed/ adjustable rate combination loan that was...

Using Alimony to Qualify for Home Financing

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For families in transition, divorce often leaves one of the former spouses seeking a new place to live. It may also mean the task of buying-out their ex-spouse’s interest if they would like to remain in their current home and that home is jointly owned. If you find yourself...

How to Finance your Home Remodeling Project

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Today’s housing market is a challenging one, with low inventory, higher prices, and lots of competition. This combination has more homeowners considering a home remodel instead of a move. Here are three common ways to finance your next home remodel;   Home Equity Line of...

Keeping Your Home in a Divorce

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If I am the one to receive the home in the settlement, can I afford to maintain my home and mortgage? The answer to this question will take some thought and planning. Most likely your household income will be decreasing, so it’s important that you are aware of what your expenses...