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Mortgage and Lending - HomeBridge Financial Services (NJ) - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
RECENT BLOG POSTS
 Here are some fun facts for buyers in 2017 66% of of buyers were married couples at 18%, Single women were the second most common household buyer type behind married couples Personal savings is ranked as the #2 source of Down payment for first time buyers with Gift being #2 First time buyers mad...
01/09/2018
   Fed raises short-term benchmark rate by 25 basis points -- leaves investors with expectation for three more hikes in 2018.  News is mortgage interest rate neutral.     The mortgage market has improved on the news, which is the opposite of what most would think, but very typical of the credit m...
12/13/2017
FHA and VA Loan limits have just been releasedLate November Fannie and Freddie announced the new conforming limits - you can read about them here:  2018 Conforming Limits  VA “loan limits” for 2018 have been announced and are the same as the agency conforming limits as previously publishedThe cha...
12/07/2017
We have some more good news from Fannie and Freddie.Both have increased their loan limits significantly for 2018, The second year in a row after sitting stagnant for almost 10 years.This is a clear sign that housing prices have increase across the nation.The general loan limit for 2018 is up to $...
11/29/2017
Displaced due to a natural disaster? This program can help you get into a home Most people have heard of the FHA as a way to finance a home with a low down payment. The standard FHA purchase is an FHA 203b and the Rehab FHA is a 203K - But I bet you most are not aware of the FHA 203(h). This has ...
10/11/2017
  I stumbled across some interesting statistics to share for the market in Brick Township, NJ (08723 and 08724) From September 2016 through September 2017 there were a total of 1,207 units  closedOf that number: 856 were single family homes with an average sale price of approximately $333,000Aver...
09/25/2017
 The majority of  FannieMae changes in 2017 have made it easier to qualify for a conventional mortgage.For this article I will discuss a few of the most beneficial changes. Student Loans are arguably one of the biggest issues for many first time buyers when it comes to qualifying for a mortgage. ...
09/18/2017
  In most of New Jersey and in many parts of the country there is an inventory shortage in the housing market.  This has caused problems for buyers and created a sellers’ market. Buyers want great houses in great locations. Even great houses in not-so-great locations are getting plenty of attenti...
03/17/2017
 We keep getting good news in the Real Estate world as the market is heating up.  The bad news for buyers:   Rates have been creeping up and may continue to do so through the year. Housing prices have been climbing in most markets. Just today we received the report on existing home sales climbing...
02/22/2017
 The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately. HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely. The letter s...
01/23/2017
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RobertRauf

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The mortgage market is ever changing, do not be afraid to ask what is new!