Robert's Blog

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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
 Last week The Federal Housing Finance Agency announced the new conforming limits for 2021. (insert drum roll here) Single Family limits have increased from $510,400 to $548,250..  roughly a 7.4% jump in just one year.  This is a clear sign of the current pandemic boom we have seen this year and ...
12/01/2020
 In a previous post I mentioned how much fun I was having shopping for a home.  Unfortunately that hunt continues since the inventory for my perfect house is pretty much non existent right now and we are officially homeless albeit with a very large bank account.The purpose of this blog, (other th...
11/04/2020
 So I am about to be homeless.  My house is sold, closing soon and I cant find what I want in this crazy market.Empathy... Let's say I have buckets full of it for my borrowers that are out hunting. I have lost count of how many Houses we have seen but there are some stand out observations I have ...
09/15/2020
  If you would like to see the video version of this blog you can click here:   http://homebridgevideo.homebridge.com/watch/MR2i6iiUoaWW5f4bwf1pmD? Just yesterday I was sent a contract with a ridiculously short closing date- even in a normal market it would have been difficult to meet. First thin...
08/20/2020
 As we have businesses opening after state mandated shutdowns we have new methods to follow for self employed borrowers/buyers.Pre-Pandemic we would use the past two years Federal tax returns and average income or sometimes, if the most recent year was lower, we would use the lower of the two yea...
07/24/2020
if you prefer to Listen to me click here or you can read belowThat title may sound a little crazy, but it appears to be a realistic possibility.  We came into 2020 with a strong housing market that has not appeared to slow down (other than a severe lack of inventory in many areas).  The economy w...
06/11/2020
  F Words: Should I show someone a home if they are in Forbearance? what if they are furloughed?  The answer to both questions above  is probably “NO”.  F words in the mortgage world are typically bad.  The Biggie of course is Foreclosure- that causes a 7 yr waiting period for Conventional loans ...
05/27/2020
 In today's world of "virtual everything" one thing I see missing on MOST listings in my area are floor plans. Keep in mind that I am a Mortgage Guy and my feedback is coming from my clients.  While Pictures are an ABSOLUTE Must (and quality pictures- that is the subject for another blog!) Virtua...
05/20/2020
  I spent an hour in a conference last week with the Chief Economist at the Mortgage Bankers association and he provided us so much information the call could have actually been Much Longer (and welcomed believe it or not)  one of the charts he shared is this one with a bit of a rate history and ...
05/06/2020
 I wrote a blog the end of May regarding the Mortgage relief available during the COVID-19 pandemic. Here is a little more on that subject along with some figures and realities behind all the headlines.First the numbers from the Mortgage Bankers Association (MBA): From the beginning of March to M...
04/07/2020
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RobertRauf

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