Financing
House Prices Through 2015
June 29, 2011 by blogwriter · Leave a Comment
Everyone seems to have an opinion on where Morris County home prices are headed. Housing bulls are saying prices may start rebounding as early as later this year. Some housing bears are saying that prices may still drop another 10-15%. What actually is going to happen? No one knows for sure. However, Macro Markets, a [...]
Should I Refinance?
June 22, 2011 by blogwriter · Leave a Comment
With interest rates at a historic low, now is definitely time to take advantage and look into refinancing your Morris County home! If you have been thinking about refinancing your mortgage, there are a few things you need to take into consideration before making your final decision. Although rates are low right now, the present economic [...]
Even the Naysayers Are Saying To Buy Now!
June 15, 2011 by blogwriter · Leave a Comment
Business School professors Eli Beracha of East Carolina University and Ken H. Johnson of Florida International University have done extensive research on which makes more sense financially: to rent or own a home. They published, Lessons from Over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise? In their paper, the professors do [...]
Make Buying a Home a Smooth Transaction
May 18, 2011 by blogwriter · Leave a Comment
When starting the home-buying process, there are several things to consider. It can be overwhelming and confusing to some buyers as to what they should do, especially first time home buyers in Morris County. Below are some some important tips to follow before you begin to help ensure a smooth transaction. Avoid making any major purchases – [...]
The 4 C’s of Mortgage Underwriting
May 11, 2011 by blogwriter · Leave a Comment
With Spring upon us, and homebuyers are out looking for Morris County homes. I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 C’s of Underwriting”- Capacity, Credit, [...]
Debt-To-Income Ratio: The Importance
April 27, 2011 by blogwriter · Leave a Comment
Knowing your debt-to-income ratio is extremely important when you are wanting to finance your Morris County dream home. Your loan could be denied if your ratio is too high. Here is some information why it is very important to you and how it affects your financing. Debt-to-income ratio is simply a comparison of the money [...]
Distressed Properties: Discounts and Difficulties
April 20, 2011 by blogwriter · Leave a Comment
Most buyers want to make sure they get a ‘good deal’ when they purchase something, and purchasers of real estate are no different. That is why many decide to buy a distressed property (a foreclosure or a short sale). The National Association of Realtors (NAR) recently reported foreclosures, on average, sell at a 22% discount and short [...]
Real Estate and Financing Are PERSONAL
April 13, 2011 by blogwriter · Leave a Comment
Every day we are bombarded with statistics and data. Housing starts are up, housing starts are down; more job losses, unemployment is improving; foreclosures, short sales, housing inventory, interest rate movements and much more. It’s enough to make your head spin. There’s an old saying that claims: “All real estate is local”. It infers that [...]
To Get The Best Deal Possible
April 6, 2011 by blogwriter · Leave a Comment
When it comes to house marketing news, the media can sometimes give consumers confusing, conflicting information. Even though interest rates are at an all time low, potential Morris County homebuyers are having a hard time getting approved for a loan. If you are in the market for a new home, below are a few tips to [...]
For Buyers:The Financial Opportunity of a Lifetime?
March 16, 2011 by blogwriter · Leave a Comment
We often point out that a buyer should be more concerned about the COST of a home rather than the PRICE. Price obviously is a component of cost. However, unless you buy all-cash, you must also be concerned about the financing of the purchase. The price and the financing together determine the cost of a [...]
Business Philosophy
