Tenafly East Hill Homes

Posted by & filed under Buying, Selling.

On January 27, 2009, a home at 221 Churchill Road was listed for sale at $1,590,000. This was an extremely well kept original ranch on a gorgeous acre lot. It was listed twice – as a single family home and as a building lot. Tenafly East Hill original homes are in high demand.  Their acre properties are… Read more »

A FHA Tax Credit for Home Buyers

Posted by & filed under Buying.

A FHA tax credit for home buyers has just been announced.  This is truly great news for the real estate market. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced yesterday, May 29th, that the Federal Housing Administration (FHA) will allow home buyers to apply the Obama Administration’s new $8,000 first-time home buyer tax… Read more »

Fannie Mae and Freddie Mac Are Easing Jumbo Mortgage Terms

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Fannie Mae and Freddie Mac buy mortgages which means that they guarantee them. Without the backing of Fannie and Freddie, mortgage lenders have to find other investors to sell their mortgage loans to and those investors charge more so interest rates are higher. Fannie and Freddie backed mortgages are called conforming; the others are called… Read more »