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 [...]
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 [...]
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 [...]
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 [...]
Down Payment Assistance Programs For Homebuyers
September 22, 2010 by CindyTichy · Leave a Comment
Homebuyers today have many advantages including a large inventory of homes to choose from, record low interest rates and amazing deals on homes. However, even with all the benefits of a buyer’s market, many potential homebuyers are still hesitating to make an offer because many simply do not have the cash available for the required down [...]
FHA 203(k) Loans Offer Home Rehab Assistance
August 25, 2010 by CindyTichy · Leave a Comment
The Federal Housing Administration is offering a new alternative for homebuyers and homeowners called the FHA 203(k) program loan. This program allows homeowners to secure a loan for home improvements, provided the property has adequate value to secure the loan. In order to qualify for an FHA home improvement loan, the property must be a [...]
Mortgages For The Self Employed
July 7, 2010 by CindyTichy · Leave a Comment
In this difficult economy, many know that being employed is something to be thankful for, and if you are self employed and making a living as your own boss running your own business, even better! However, if you are self employed and looking to get a mortgage for a new home purchase on the merits of your [...]
What To Do If You Have Been Denied For A Loan
June 9, 2010 by CindyTichy · Leave a Comment
It can be difficult for homebuyersto obtain financing in this challenging economy. Loans are hard to come by as many mortgage lenders have tightened their requirements. It is, however, important for potential
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