What’s Happening In Tenafly, Englewood, River Vale or….

Posted by & filed under Buying, Homeowner Tips.

You don’t have to own a home in Tenafly to know what’s happening there.  Go to the town website.  That’s all you have to do.  The Borough of Tenafly website is where you’ll discover that Tenafly is doing a revaluation right now. Let’s say you’re thinking of buying a home in Englewood.  You see that many of the homes there are from the early 20th century so you’d like to know about…

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….