You’ve found a home you love so you make an offer. The house you want has a crowd of buyers. There are multiple offers along with yours. Most likely many of these offers are similar to yours. So how can you win this bidding war?
Posts Tagged: mortgage
TRID Mortgage Changes For Home Buyers
An explanation of the TRID mortgage process for home buyers
It’s Oct 3rd – The TRID Mortgage Begins
It’s Oct 3rd – The TRID mortgage begins and how you buy a home with a mortgage is forever changed. How mortgages are processed changes today. And the change is tremendous. New forms, procedures and time constraints – closing on a home is now a different world for both buyer and seller. Born out of the… Read more »
Should You Refinance Your Mortgage Now?
Lately I’ve been asked about refinancing quite a bit. Homeowners are beginning to worry – they sense that interest rates won’t stay this low for much longer. Just consider what’s been in the media lately. The Fed has indicated that it may start to raise rates in June though gradually. Credible financial sources are sending… Read more »
FHA Mortgage Changes Take Effect Today
The FHA has made the dream of home ownership a reality for millions of people nationwide and thousands in Bergen County.
Mortgage Rates Don’t Count – A Long But Important Article
I’m quite serious – mortgage rates don’t count at all when you’re shopping for a house. In fact, when you are buying a home and you go to those wonderful websites that promise you everything in 30 seconds or less, you can easily damage your credit. Let me explain why mortgage rates don’t count… Read more »
Mortgage Disasters and How To Avoid Them
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.
New FHA Mortgage Rules Coming This June
If you own a home in Bergenfield, Dumont, New Milford, the west side of Englewood, most of Teaneck, Bogota, Ridgefield Park, Hackensack, Lodi or a host of other areas in Bergen County and are thinking of selling your home, get on the market now. Do you want to buy a Bergen County home this year under… Read more »
Taking A Lot of Tax Deductions Can Ruin A Mortgage
It happens a lot. Tax returns done so well that your documented income level is much lower than what you actually take home. That’s great until you decide to buy a house and discover that you can’t get a mortgage because your income is too low. Banks require, among other things, proof of income to get… Read more »
How To Buy A Home – Start Right With A True Pre Approval
My listing at 184 Manhattan Ave in Teaneckreceived an offer this week with a “pre approval” from a major bank. The buyer refused to commit to any mortgage bank (his agent told me he’d spoken to 5 banks) so he could shop for the best rate when he was ready. The major bank told him not to worry… Read more »
