So here’s the formula for what’s affordable – mortgage + carrying costs. If that figure works for you, then the house is affordable.
Posts Tagged: Buying a Home
The best place to start is with a banker who insists on a full pre-approval.
An explanation of the TRID mortgage process for home buyers
Buying a home anywhere in New York is different from buying a home anywhere in New Jersey.
Keeping you stroked to get your business is not how you sail the mortgage waters to success. There is no mortgage calculator or Happy Banker that can tell you what you can afford in a mortgage on a house.
This just happened. And it was stunning. A new construction high end home failed the home inspection. I have been a residential sales agent for over 25 years. During this time I’ve learned a tremendous amount about home construction by taking classes and working with local building inspectors, contractors and home inspectors. While I am very knowledgeable,… Read more »
Due diligence in buying and selling a home in Bergen County makes or breaks you. Let’s be honest. Not all real estate agents do their job correctly and not all homeowners give their agent correct information. Owners forget and agents are at times sloppy. It’s easy to make a mistake but it’s never acceptable. If you are… Read more »
June began a new requirement from Fannie Mae. Mortgage applicants must now have their credit checked 3 days before closing. If there are any significant changes, the terms may be adjusted or the mortgage may actually be cancelled. While this may sound harsh, it also makes sense. When you apply for a mortgage, your credit, debt and assets are checked. The bank wants… Read more »
Home Inspections in New Jersey Buying a home should always include a home inspection. Even if the home is new construction, it’s best to have the guidance of a professional home inspector. In New Jersey, home inspectors are licensed by the State but there’s also another resource for you – the American Society of Home… Read more »
When people decide to buy a home they naturally start to look at the real estate market, do some number crunching and find statistics which explain the market trends. Lately, a statistic on homes that’s been quite popular is the absorption rate. Absorption rates simply put tell you how long it will take to sell… Read more »