Mortgage Terms Are Easing for Luxury Homes

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Mortgage terms are easing for luxury homes which will significantly help this market recover. While the real estate market in Bergen County has been recovering nicely since late last year, the luxury market has not.  Sales of high end homes has been one of the less robust parts of the market because of financing.  Financing for upper tier homes all but disappeared in 2008.  This was a large part of the…