The Top 3 Home Buying Mistakes

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The top 3 home buying mistakes I see home buyers make are: 1.  Choosing The Wrong Agent 2.  Using The Wrong Banker 3.  Hiring The Wrong Attorney Choosing The Wrong Agent Communication is key.  Are you and your agent on the same page?  Are you a team?  Is your agent advising you like a consultant rather than trying to “sell you” on a house? Does your agent know the area…

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…

First Time Home Buyer Mistakes to Avoid – Here’s The 1st of 10 Articles

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Introduction First time home buyer mistakes can be deadly.  While home buyers today do a lot of research on the web, they are still vulnerable.  Because of this, I’ve written a series of 10 articles.  One for each issue.  Today we begin with the #1 – Getting pre qualified. A List of First Time Home Buyer Mistakes First time home buyer mistakes to avoid are the following: Getting pre qualified…

How to Get A Great Mortgage Rate

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The Best Place to Start How to get a great mortgage rate involves several different aspects of your life.  While all of them are important some are more so than others.  The best place to start is to find a great banker.  I’ve said it before and I’ll say it again – I love the internet but nothing replaces a great mortgage professional. A great banker will do more than…

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

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  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…

Mortgage Rate Madness

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The most important first step in buying a home is financing which involves getting prequalified for a home mortgage.  It doesn’t matter if you’re buying Bergen County real estate or a home somewhere else – because your mortgage loan is so critical to your home buying process, you are naturally interested in any news about these loans.  Here is where you begin what I call Mortgage Rate Madness. People afflicted with this disease believe that…

Help Your Mortgage with a Credit Score Tip

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Buying a home for most of us means getting a mortgage.  Mortgage rates become a prime issue for home buyers as does their credit report.  The interest rate on that mortgage is determined in large part by your credit score. Whether or not you qualify for a mortgage is often determined by your credit score alone.  It is true that income, debt and assets are important but your credit score is the first determining factor. …

My Take on the Sub Prime Mortgage Mess

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I’m not an economist – I’m just a real estate agent.  But, as opposed to what some of my friends will tell you, I am not crazy and I have a lot of common sense.  This is why what has happened makes no sense at all to me.  If only people had behaved responsibly there would be no sub prime mortgage mess. It all starts with the mortgage.  If you…