Voorhees, NJ Real Estate News

By Janet Larsen, Don't Just List Your Home, SELL IT!
(Berkshire Hathaway, HomeServices Fox and Roach, Realtors)
https://janetlarsen.southjerseyproperties.com/sell.php?town=area:Voorhees%20Twp&agency_photos=0
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By Janet Larsen, Don't Just List Your Home, SELL IT!
(Berkshire Hathaway, HomeServices Fox and Roach, Realtors)
Are you a homeowner in Voorhees that needs to sell their home?  Janet has 17 years experience as a Full Time Realtor.  From The Beagle Club to Alluvium to Eastern School District, Janet can help both sellers and buyers with the largest investment!  To find out what your home is worth go to:   www.janetsellsyourhome.com and fill out the quick form.  You can contact Janet at any time. 
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By Dave Sulvetta, Realtor
(Dave Sulvetta, eXp Connection, Gloucester County Realtor)
Beautiful Ranch home located in Traditons - Voorhees NJ Premier Active Adult Community! Search all Voorhees NJ Homes For Sale Listing Details 56 Festival Dr Voorhees NJ 08043 Price: $335,000 MLS Number: 6477592 Bedrooms: 2 Bathrooms: 2 Sq Feet: 2040 Call Dave Sulvetta at 856.889.8163 to see if this property is still available on the market You will love the peace and quiet of this home located in Prestigious Traditions - Voorhees NJ   Beautiful Home located at 56 Festival Dr Voorhees NJ, in Traditions Voorhees NJ over 55 Community. This rancher has an open floor layout for ease of getting around. Entertain in your large eat in kitchen that opens to the family room which also has a fireplace. Right off the kitchen, just open the sliders and enjoy your morning coffee and the peace and qui...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What makes Interest Rates go up or down?   The most simple question about interest rates might be what causes them to change. And yet, based on the many factors that affect the changing of interest rates, a reasonably acceptable – if not satisfactory – answer to this question could be as in depth and complex, as the question is simple. That having been said, our efforts throughout this article will be concentrated on several of those factors that affect interest rate changes, beginning with the money “supply and demand” element. Money can be thought of as a commodity that is traded, exchanged, bought and sold like any other product or service on the market; but it is the “use of money” (borrowing) and “money usage” (lending for profit) that is more relevant to rate changes and therefore...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What are "Points"???  To real estate and mortgage industry professionals, use of the term “points” come naturally. In fact, this term is such an oft-repeated part of their vocabularies that it is recognized by many outside the industry – based on interaction with real estate agents and mortgage representatives – as an important word to remember and, when the occasion arises, repeat in an attempt to appear credibly knowledgeable about the industry when conducting their own business without assistance from a real estate or mortgage professional. But what are points? Better yet, since this term is often expressed in the plural, what is a point? The latter is a better question; one that is often asked – and should be asked – by those who desire a substantive answer. It is a question and ans...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What Factors go into a Mortgage Loan Approval?   When contemplating the issuance of a mortgage approval – or mortgage commitment, as it is referred to by some lenders – the bank/lender takes several things into consideration. Among these things are details relating to the property: Value, condition, location, number of units, living space vs number of occupants, and anything that might affect the title (liens, cloud, break in chain, and claims made by third parties). Most of the information a lender will require about a given property will be provided by an appraisal report and a title report. Other things a lender considers in order to make the most prudent decision in the mortgage approval process are details relating to the buyer: Creditworthiness, outstanding credit, earnings, emplo...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Are there still No Down Payment Mortgages Available?   Let us begin by stating what most real estate and mortgage professionals might view as obvious, but what, to the average person, might not be as clearly defined. It is generally understood that a 100% financing mortgage means the same as “zero down payment” when an individual is engaged in a real estate purchase transaction. Technically speaking, a 100% financing mortgage is the condition under which a home buyer obtains a mortgage from any lender in an amount equal to the purchase price or appraised value – whichever is less – of a particular piece of real estate property, thereby removing the need to close with cash, any gaps that would otherwise exist between a purchase price and the maximum loan amount. For more clarity, look a...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What to Expect in a Short Sale Purchase   When purchasing a short sale it is important to approach the transaction with a few things in mind, most important of which is the fact that acceptance of your offer is a decision that does not rest entirely with the home seller, the real estate agent or even the servicing bank in some cases. Therefore, just getting your offer accepted is often a timely process, requiring you to exercise patience in the unusual circumstance of a real estate transaction involving more than the traditional number of participants; and the understanding that parties with whom you are in direct contact have little control in the decision-making process.  That having been said, while purchasing a home pursuant to short sale contractual terms may be a good (or great) ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Expectations of a Home Inspection Report As there are several steps taken during the home buying process, so there are a number of occurrences expected, but unfortunately some things arise which are not expected and it is the unexpected occurrences that most home buyers wish to protect themselves against, and as such, take steps to lessen unexpected – and in more cases than not, unpleasant – surprises that are often expensive, or can lead to injury. Thus the need for the following necessary items:  Homeowner's hazard insurance policy  Property appraisal report  Title insurance report   Home inspection report Other protective items that include termite inspection and report, radon detection and smoke detectors. Each of the above items obviously serves an important purpose, but in order t...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
The Student Loan Impact on Mortgage Qualification In the article 'Don't Let Student Loans Prevent You From Qualifying for a Mortgage' written by Deborah Fowles and published to the About.com Financial Planning website, it is indicated that “...75% of college graduates with student loans said that student loan payments prevented them from buying a house or car.” This astonishing statistic was the result of a study done by the Cambridge Consumer Credit Index, as stated in the article.  However, before proceeding further, there is one piece of information directly from the HUD (Housing and Urban Development) website that we'd like to share with you. There is no mention that simply having student loan debt will prevent an individual from qualifying for mortgage financing to purchase a home...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Tax Deductions Impact Mortgage Approval  Before proceeding to the types of tax deductions (write-offs) that could impact the mortgage qualification and approval process, it is necessary to distinguish between those mortgage applicants who are affected, and those who are not. Mortgage applicants who are salaried employees being paid pursuant to a regular weekly, bi-weekly or monthly schedule, whereby federal and local taxes are automatically deducted from their earnings, and are issued a W2 form at year's end, are generally not affected negatively by those deductions when applying for a mortgage.  Salaried borrowers are qualified based on the earnings reflected on their W2 forms, unless they also own rental property and are using the rental income to qualify, in which case the expenses ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
How Pre-Approvals and Pre-Qualifications Differ The terms pre-approval and pre-qualification have at times been used interchangeably as if they have the same meaning; and for those who may not be as interested or sophisticated in matters relating to the purchase of real estate (both residential and small commercial), these terms may indeed have the same meaning. However, to permit such use of either term would be a misuse of both, simply because each is defined in its own respect and therefore serves distinctively different purposes in the home buying process. The Pre-qualification or pre-qual Among the first steps taken – or should be taken – by a prospective home buyer, or anyone interested in purchasing small commercial real estate, is to determine whether or not s/he is qualified t...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Qualifying for a Mortgage After Bankruptcy  It would be reasonable for an individual to assume that s/he could still qualify for, and get a home mortgage loan approved, after having been forced into bankruptcy (chapter 7 or 13), a legal option made available by our government to citizens and legal residents; because there has always been a sentiment to give a second chance to those who – having slipped and find themselves in an unenviable situation – are deserving of a second chance by the norms of a forgiving society have often been given one.  Bankruptcy is a process that must be avoided if possible, and should only be thought of as an option when all other options have been explored and exhausted; but in the absence of any other choices, it's a legal remedy available to individuals ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
How to make your offer stand out from the rest    Figuratively speaking your home purchase offer can stand out like a bright green object among a group of dull gray objects if you take certain steps to improve its attractiveness. The question of how this can be accomplished will be discussed throughout this article in the hopes that, by the time we are through, you will have obtained a few tips on steps you can take to make your home buying offer stand out from the rest.  Let's begin with the obvious so it doesn't linger as we progress on. It is already understood that, in the eyes of most home sellers, the most attractive offer is usually that in which the purchase price is higher than any other and the buyer is fully qualified, which reduces the prospects of financing complications, ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
How can buyers gain equity by using an FHA 203K Loan When discussing the FHA-insured 203k rehabilitation mortgage loan, two scenarios are often included in the discussion. The first is a property's “as-is value”, and the second is the “after-repaired value” of that property. For the purpose of this article we'll use a randomly selected home in a given middle class neighborhood in the New York Metropolitan Area.  So let's begin with the first home (property one) which is being offered for sale in as-is condition is also in dire disrepair. It is a 9-Room home which consists of 4-Bedrooms, 2-Baths, Unfinished, Dark, Dank Basement and Exterior Grounds covered with a 3-foot growth of wild grass, weeds and other unattractive bush. This property is vacant with boarded windows and doors all ar...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Costs New Homeowners Fail to Prepare for It is true that a lot of planning and preparation goes into buying a home whether the buyer is a first time home buyer or an individual who has bought property before. Although most of the home buying preparation involves getting together documents and making sure income, assets and credit required for financing the purchase are all in order, there are other costs a home buyer should be concerned about, and some of these costs are unfortunately, often omitted from the budgetary preparations many first time home buyers make.  Such omissions should not be thought of as intentional, or even a conscious act, but rather as an act by individuals who are unaware of the necessity for the very things being omitted. Consider, for example, an edger which i...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
How to best prepare for selling your home When contemplating the sale of their property many home owners must take a number of steps and perform a variety of actions in order to properly prepare the home and its surroundings to be listed, inspected by potential buyers and appraised. Some of the work to be done is readily apparent to the home owner, but everything that should be done may not be as conspicuous to the individual who has occupied that home for an extended period. Areas of the for-sale property that must be carefully examined and prepared are the interior and exterior, but the home owner must also be mentally and emotionally prepared before listing.  As stated in the 'Preparing Your Home For Sale' article published on Owners.com, a home owner preparing his/her house to put ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What to Expect from Your Realtor and Lender  When contemplating a home purchase there is probably a variety of thoughts, questions and scenarios that occupies the mind of a prospective buyer because home buying is such a big decision that is seldom made more than once or twice in the life of an average individual; and although the real estate and mortgage lending professionals s/he must – by necessity – interact with probably become a part of the scenarios at some time prior to a buyer actually initiating the process, the question that arises is: What does the average home buyer expect of, and from, the realtor and mortgage lender whose services s/he will rely on to complete the process?   There are certain standard expectations most folks have of a real estate agent and/or mortgage le...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
What Are the Most Important Things on Your Credit Report? If you ask most consumers, their credit reports might as well be written in Greek (unless you’re a Greek speaker, in which case insert your preferred unintelligible language). That makes it tough to understand not only what’s on your credit report, but what things have the biggest impact on your credit score and your creditworthiness. Not surprisingly, most consumers spend time trying to fix the wrong things, or letting important payments languish while they focus on ultimately less important things. What should you know? Credit Cards Once upon a time, credit cards weren't really considered all that important in the credit building scheme of things. That’s changed, though. Daily Finance reports that more than half of most consum...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Build Your Finances before Buying Real Estate Real estate – it’s one of the few things in this world that’s always worth something. Even during the midst of the Great Recession when home prices plummeted, land wasn’t devalued completely. If the dollar were to crash overnight, real estate would still have some value. As Mark Twain wrote, “buy land; they’re not making it anymore.” Of course, there are several things that real estate buyers need to know and do before they buy a home or lot, and a great deal of it involves your finances. Build Your Credit Beforehand Buying real estate, whether you’re investing in it or buying your first home, requires financing. Few people have the means to pay cash for something as costly as real estate. You need a loan. In order to get a loan, you need t...
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