New Jersey is not New York City

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  New Jersey is not New York City.  Neither is Bergen County NYC.  Because so many of us see it as the same area, mistakes happen.  When this involves your mortgage, results are often disastrous. New Jersey is not New York City Bergen County is in New Jersey.  We’re the northeast corner of NJ immediately across the Hudson river from NYC.  Above Manhattan is Westchester and to our north is…

New FHA Loan Rule

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The new FHA loan rule for condominiums helps first time home buyers tremendously.  Announced yesterday in a press release, the new rule takes effect on October 15th. FHA Approved Condominiums The FHA Condominium Project Approval & Processing Guide  is 95 pages long.  Requirements are strict and it’s a costly, tedious process for any condo association.  Condominium associations simply don’t apply due to the cost and aggravation. You use the FHA…