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Mortgage and Lending - CMG Home Loans - 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
Wire Fraud continues to plague consumers. It is important to pay VERY close attention before blindly sending funds. As a company we have noticed many attempts to outright steal our clients money and recently observed it to happen at a greater frequency.I have always told my clients to verify with...
02/04/2022
  Happy Groundhog Day! Calendar reminder: If you have any clients currently looking or in process, 2/1 is the magic day that lenders will require the new 1099s or W2s for their files. The IRS requires 1099s and W2s be sent out the end of January so as of 2/1 it will be a requirement for any loan ...
02/02/2022
You may be aware that you need your 1098 Mortgage Interest Statement when filing taxes, especially if you want to take advantage of possible home tax deductions. The 1098 statement details all interest paid on a mortgage for a given year. Your 1098 statement should be made available to you by you...
01/31/2022
 Private Mortgage Insurance (PMI):   Every time I run a quote for PMI I’m surprised how inexpensive it has become.  PMI companies are more competitive than ever, and most have gone to risk based premiums VS a standard rate sheet/factor card in the past.   First off, every MI company looks at thin...
01/25/2022
Happy New year from the Federal Housing Finance Agency.In Early 2021 FHFA tossed in new Loan Level Price adjustments (add ons) that we had never seen before for both Vacation homes and for Investment property. Last September they dropped the add-ons and they are back again for 2022, just on a sli...
01/10/2022
 Happy New Year! Housing prices continue to climb:  CoreLogic Home Price Index was up 1.3% in November and 18% year over year, the highest reading in the 45yr history of the index. While the pace of appreciation in 2022 is not expected to stay at these levels most forecasts show prices will conti...
01/05/2022
 Big News from FHFA, 11/30/21:The Base conforming limit is now $647,200, up $98,950 from last year's $548,250For High Cost areas (which is a big portion of NJ) we will have a limit of $970,800.The above is for single family homes, 2-4 family homes have even higher limits. Fun facts- The 18.05% ye...
11/30/2021
Today's Buyer Beware Segment will address Credit Scores(and mistakes I see clients make. )This particular one is a real life "just happened today" scenario. I have clients that have been shopping since the summer and have not been able to find the home that fits their needs just yet. One just hit...
11/30/2021
 I seem to have inadvertently stumbled across a new blog series "Buyer Beware"  based on recent A-HA moments with my clients and myself. I personally sold and purchased  recently with a 7 month period of being homeless in between.  So I have more empathy with my buyers than most, and have a few b...
11/24/2021
F words are bad in Real Estate...Last Friday I had the pleasure of attending a closing with one of my old clients... His third home he financed with me with numerous refinances in between.  Even with an experienced client I always have certain conversations... After reviewing and approving his Cl...
11/22/2021
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Robert Rauf

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