FHA Mortgage Changes Take Effect Today

Posted by & filed under Buying.

The Department of Housing and Urban Development (HUD) announced a major change to FHA mortgages that takes effect today, January 26, 2015.  FHA mortgages will now cost home buyers much less. For 30-year mortgages with less than a 5 percent down payment, the mandatory annual mortgage insurance rate of 1.35 percent of the loan balance… Read more »

Mortgage Disasters & How To Avoid Them

Posted by & filed under Buying.

Buying a home in Tenafly, Englewood, Cresskill, Teaneck or anywhere in Bergen County? If you are and you love the internet, I’m sure you’ve been to a website where you’re told you can figure it all out yourself.  Downloaded a mortgage calculator too I bet. Or you’ve met Mr. Happy Banker.  He doesn’t ask you… Read more »