Moorestown, NJ Real Estate News

By Karl Peidl, Accredited Loan Consultant
"The best and fastest way to learn a sport is to watch and imitate a champion." -Jean Claude Killy French Alpine Skier
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By Karl Peidl, Accredited Loan Consultant
"Discipline and diligence are up there on the list, but one of the most important qualities of many really successful people is humility.  If you have a degree of humility about you, you have the ability to take advice, to be coachable, teachable.  A humble person never stops learning." - Todd Blackledge Pro football player
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By Karl Peidl, Accredited Loan Consultant
"The reason most people never reach their goals is that they don't define them, or ever seriously consider them as believable or achievable.  Winners can tell you where they are going, what they plan on doing along the way, and who will be sharing the adventure with them." - Denis Watley Author, The Psychology of Winning
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By Karl Peidl, Accredited Loan Consultant
The Advantages of FHA Loans In many regions of the US, FHA loans have not been utilized for years, so a lot of real estate agents and mortgage originators aren't familiar with this great resource. The following are a just a few of the recent changes that have made FHA loans a more attractive option again for some consumers looking to buy a new home or refinance an existing one: 1) Congress passed the Stimulus Act of 2008. During the recent housing boom, home values surpassed FHA loan limits in many regions of the US. The recent enactment of this important legislation, however, increased FHA loan limits up to $729,500 in many high-cost regions of the US through the end of the year. FHA loan limits vary by county, so give us a call for loan limits in your area. 2) The FHA changed its app...
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By Karl Peidl, Accredited Loan Consultant
"Talent wins games, but teamwork and intelligence wins championships." - Michael Jordan Hall of Fame basketball player
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By Karl Peidl, Accredited Loan Consultant
The Mortgage Market AdvisoryTMThe Week of February 8, 2010 Provided by Karl Peidl           Last week was another good positive one for mortgage pricing as we picked up about another .250 in pricing improvement. The stock market was very volatile, but by the end of the week stocks were only slightly down after a negative start in January. Overall, stocks are down about 7% since the most recent high just a few weeks ago, which has been positive for bonds and mortgage pricing. The Week Ahead: This week brings us the release of only three relevant economic data points, but we will have three Treasury note auctions to contend with as well. Given the current defensive sentiment, experts are expecting the auctions to go well - which would be bullish and supportive of current mortgage pricing...
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By Karl Peidl, Accredited Loan Consultant
"It's ok to be scared, but don't let it dictate your actions." - Michele Akers U.S. Women's national soccer team - Order of Merit Winner
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By Karl Peidl, Accredited Loan Consultant
"You only fail if you don't finish the game.  If you finish you win.  You have to measure what you started out with by what you overcome." - Mike Webster Hall of Fame football player
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The Clock is Ticking...Extended and Expanded Tax Credit Expires 4/30/10 For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit for First-Time Homebuyers (FTHBs)FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000. Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Tax Credit for Current HomeownersThe tax credit program now gives those who already own a residence some additional reasons to move to a new ho...
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By Karl Peidl, Accredited Loan Consultant
"Get out there and do your best and don't think!" - Judy Rankin U. S. Solheim Cup captain
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By Karl Peidl, Accredited Loan Consultant
"If my dreams can happen to me, your dreams can happen to you.  Champions are not made on the track or field; champions are made by the things you accomplish and the way you use your abilities in everyday life situations." - Bob Beamon Former world-record long jumper and track coach at Florida Atlantic University
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By Karl Peidl, Accredited Loan Consultant
"I've worked too hard and too long to let anything stand in the way of my goals.  I will not let my teammates down and I will not let myself down." -Mia Hamm American soccer player
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  Those Who Wait Will Pay Thousands More This Spring Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.Here are a few reasons why:On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For ...
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By Karl Peidl, Accredited Loan Consultant
"Natural talent only determines the limits of your athletic ability.  It's dedication and a willingness to discipline your life that makes you great." -Billie Jean King Tennis legend and Tennis Hall of Fame member
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By Karl Peidl, Accredited Loan Consultant
Karl PeidlAccredited Loan ConsultantPleasant Valley Home Mortgage Corp.Phone: 856-252-1224Cell: 609-254-6687kpeidl@pvhmconline.comwww.karlpeidl.com       $8,000 Tax Credit Extended and Expanded With tax season approaching, we decided to focus this edition of our quarterly newsletter on a few tax incentives we think you'll definitely want to discuss with your tax professional. Feel free to share this newsletter with your friends and loved ones as they prepare their 2009 returns. Up first is the popular $8,000 tax credit for first-time home buyers. Originally scheduled to expire on November 30th, 2009, this valuable tax credit of up to 10% of the purchase price or up to $8,000 was extended into 2010 (purchase agreements must be signed by April 30, 2010, and closings must be final by June...
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By Karl Peidl, Accredited Loan Consultant
"Take pride in yourself.  Be your own person.  Don't do things because everyone else does them.  Don't be part of the crowd.  Dare to be different.  Never be afraid to stand up for what you believe to be right, even when it means standing alone." -Jack Lambert Hall of fame football player
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By Karl Peidl, Accredited Loan Consultant
  New HUD Policy Created to Allow Quicker Foreclosure Re-sales! Effective February 1, 2010 the Department of Housing and Urban Development (HUD) will relax FHA rules that prohibit insuring mortgages on homes that are owned by the seller for less than 90 days - a move that could help expedite the rehabilitation and resale of foreclosure properties.In a housing market where tighter lending requirements have made FHA financing the only option for some buyers, this 90-day policy has (1) kept some homebuyers from being able to purchase affordable homes and (2) prevented the quick resale of foreclosed properties, which affects the ability of communities to stabilize and rebuild.Research has shown that the buying, fixing, and reselling of foreclosed properties is often achieved in less than t...
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By Karl Peidl, Accredited Loan Consultant
"There can only be one state of mind as you approach any profound test; total concentration, a spirit of togetherness, and strength." -Pat Riley Pro basketball coach  
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By Janet Larsen, Don't Just List Your Home, SELL IT!
(Berkshire Hathaway, HomeServices Fox and Roach, Realtors)
Do you own a home in Moorestown and want to sell?  Many homeowners feel they should use a small town Real Estate Broker because everyone knows them.  This is not true, however, look at statistics.  Look at your agent's marketing plan and then look at the internet exposure that your local broker uses to market your property.  Sure, you will be in the mls and Realtor.com, but a high priced home needs maximum internet exposure and a unique marketing plan.  For a Free in home market analysis, call Janet Larsen, Broker/Associate, Remax Connection.  Offices in Marlton and Mantua.  Janet can be reached at 856-261-6910 or email at njrealtorjan@comcast.net  Janet ranked in the top 50 of 3,600 Remax Agents in the State of NJ for 2009!  Full time Realtor for 10 years!  ABSOLUTE TOP CUSTOMER SERVIC...
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By Karl Peidl, Accredited Loan Consultant
"Luck is what happens when preparation meets opportunity." - Darell Royal College football coach.
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