Posts filed under ‘Schooley’s Mountain’

Reverse Mortgages

The number of homeowners taking out reverse mortgages tripled from 2005 to 2009. Is a Reverse Mortgage right for you?

Maybe, but it is a decision that needs to be carefully weighed. Here is a short video explaining some of the key positive and negative points regarding these types of loans.

http://online.wsj.com/video/personal-finance-minute-reverse-mortgages/52A87C5D-694F-48E4-B670-234C16A5568C.html

July 13, 2010 at 2:03 pm Leave a comment

Gov. Christie and Senate Democrats agree on tax cap compromise

 Read the latest on the property tax cap.

http://www.nj.com/news/index.ssf/2010/07/post_172.html

July 6, 2010 at 2:58 pm Leave a comment

New Housing Market Analysis

New Housing Market Video

Make the Market come to You

July 3, 2010 at 10:58 pm Leave a comment

Home Mortgage Loans Are A Burden In N.Y./N.J. Region

Look like it may be tough sledding ahead for the NY/NJ region Real Estate market. It seems that this area now leads the nation in Mortgage Loan delinquencies.

From WSJ-

The New York/NJ Suburban region has the largest backlog in the country of delinquent mortgages that have yet to move through the foreclosure pipeline.

At the current rate, it would take 103 months to clear the so-called shadow inventory of mortgages in the New York/NJ area that are more than 90 days delinquent or in foreclosure. That is nearly 3.5 times the national average.

http://online.wsj.com/article/SB20001424052748704009804575308893472619792.html

June 17, 2010 at 4:56 pm Leave a comment

FHA 203k Purchase Rehabilitation Loan Info

The FHA 203(k) Rehab loan is an option for home buyers seeking to purchase a home that needs repairs. Sometimes dubbed a “fixer-upper” or Handyman’s Special” – buying a home that is in need of repairs can usually be bought at a discount and often yield a huge financial return.

The 203k Rehabilitation loan not only gives you the money to buy the house itself, but this loan also offers you the money you need to complete the required repairs to the home, all in one 30 year fixed mortgage at a low rate.

FHA 203k loans are in many cases cheaper than taking a construction loan to complete the necessary repairs. With a construction mortgage, you will most likely have to pay closing costs when you receive the initial construction loan, and additional closing costs once the construction is complete and you refinance.

With a 203k rehab loan, there is only one closing, one mortgage loan and 1/2 the fees! Read More about buying a house with a FHA 203k home mortgage loan…

Qualify for a FHA 203k loan now
Read more about FHA 203k loans

Watch a 54 second video on 203k loans:

http://video.yahoo.com/watch/5712637/14967510

FOR MORE INFORMATION ON 203K LOANS AND REHAB PROPERTIES, PLEASE CALL OR EMAIL EXIT 24/7 REALTY TODAY!

908-334-1475 or carl@exit24-7.com

June 1, 2010 at 5:49 pm Leave a comment

N.J. Assembly approves $100M in tax credits for new homebuyers

The state Assembly approved a measure today that seeks to rejuvenate the state’s housing market by giving out $100 million in tax credits to homebuyers.

Read the full story here: http://www.nj.com/news/index.ssf/2010/05/nj_assembly_approves_100m_tax.html

May 21, 2010 at 2:07 pm Leave a comment

New Listing! | 115 Oakwood | Watchung Boro

 

 

Our Featured Listing – Please Take the Virtual Tour

May 14, 2010 at 5:21 pm Leave a comment

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