Should You Refinance Your Mortgage Now?

Posted by & filed under Homeowner Tips.

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 out articles and quotes stating that rates will begin climbing later this year.  Professional mortgage…

Mortgage Rates Don’t Count – A Long But Important Article

Posted by & filed under Buying.

  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 and it’s dangerous to shop around. Today we do everything through the web and most…

Bergen County Real Estate Has Stabilized

Posted by & filed under Buying, Selling.

Bergen County real estate has stabilized.  This was my projection last year and I am very happy to say that I was right on target.  What I’d said and written was that by the end of 2009 the market would stabilize.  It has done exactly that. Our housing market is improving.  New Jersey MLS data, bank appraisers and housing reports all say the same thing:  We have clearly bottomed out and…

Fannie Mae and Freddie Mac Are Easing Jumbo Mortgage Terms

Posted by & filed under Buying, Selling.

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 jumbo. The limit on a conforming mortgage is $417,000 but that is about to change….

How to Handle the Bergen County Housing Market

Posted by & filed under Buying.

“How’s real estate and what should I do?” I am receiving so many calls and messages like this that I thought I should post some answers. It seems that real estate is on everyone’s mind lately.  Let’s find out how to handle the Bergen County housing market. Here’s something to consider: A primary motivating factor for most people is simply because it was the right time. So ask yourself this…