Posts tagged as:

New Jersey

New Jersey Realtors Can Sell More Homes Faster With FHA Financing

April 25, 2010

Over the last 2 years, the FHA mortgage program has undergone major changes that has made it the financing option of choice amongst about 35% of home buyers and homeowners who are refinancing.   FHA has always been available to help people get financing who otherwise might not qualify to get a low rate, attractive mortgage.   [...]

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New Jersey FHA Loans – Mortgages Still Available With Low Down Payments

March 19, 2010

More borrowers than ever before are flocking to New Jersey FHA loans to buy new homes and to refinance their current higher rate mortgages.
A mortgage backed and insured by FHA remains very popular for many New Jersey homeowners.  Currently, the minimum down payment for FHA is 3.5%.  However, later this year, buyers might need to have more [...]

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Here’s a List of Resources and Contacts to Help You Modify Your New Jersey Mortgage or Save Your Home From Foreclosure

March 14, 2010

If you can no longer afford your mortgage payment and need assistance and information to help you through the process, visit some of the sites below.  Information will be most critical as you work to stay in your home and/or lower your payment.  You must stay informed.  Do not depend or rely on anything or [...]

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Streamline FHA Refinancing in New Jersey – “AFTER” the Changes

February 22, 2010

For many, many years, the FHA Streamline refinance was a borrower’s dream.  Once upon a time, a homeowner/borrower could easily and quickly refinance their FHA mortgage loan and get a lower rate and payment with no qualifying at all.  No appraisal was required, no credit check, no credit score, no job verification.
Gone are those days. The [...]

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New Jersey Property Taxes: Why Must I Pay My Arm AND My Leg?

January 15, 2010

New Jersey property taxes are a big monster in local communities that is preying on homeowners.  Local governments and schools in New Jersey collected $23 billion in taxes last year from property owners.  New Jersey’s 2008 median real estate tax bill was $6,320 (as estimated by the 2008 American Community Survey).
Why are they so high?  What [...]

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Warning Regarding Mortgage Loan Modification Activity in New Jersey

June 9, 2009

Mortgage loan modification has become very popular over the past year.  Even those who don’t own a home seem to know something about it or have heard the buzz.
Homeowners with mortgage loans try to get a modification when they find they can no longer afford the mortgage payment but cannot qualify to refinance.  Instead of [...]

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Property Tax Appeals Rising Rapidly in New Jersey

May 13, 2009

As real estate values have declined, a large number of New Jersey homeowners and business owners are trying to lower their property taxes.  State offices are flooded with appeals.
This is a catch-22 for many municipalities who we know rely on this tax revenue to provide public services.  It seems these tax appeals will only increase [...]

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