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...

FHA 30 Year Fixed Rate drops below 2.5%

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  Wait…What? Did the FHA 30 Year Fixed Rate really drop below 2.5%? With the recent drop in mortgage rates, American United Mortgage Corporation is now offering qualified FHA home buyers a 2.375% 30 Year Fixed FHA rate with -0- points!!  APR 3.489% This is great news,...

FED Rate Cut Coming – What this means for mortgage rates

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There have been two FED rate cuts over the past two months – one in August and one in September – yet fixed rate mortgages are about .375% higher today than they were in July, just prior to the FED cuts . How is that possible? There is a misconception by many people,...

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...

Loan Limits Increase for 2020 – Great News for Home Buyers!

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Conforming Loan Limits Increase for 2020 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 $484,350 to $510,400, and the high-balance limit to $765,600! That...

Buying and Selling your Home at the Same Time

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The Balancing Act of Buying & Selling your Home at the Same Time 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...

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...