Category: Home Buying

Down Payments and Buying a Home
January 21, 2020

Do You know What Down Payment Requirements Are in Buying a Home?   62% of Buyers Are Wrong About Down Payment Needs According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans ...
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Mortgage Basics … Understanding Mortgage Loans

Whether looking to buy a home in Wilmington or Leland, in New Hanover or Brunswick Counties or any other area or County in North Carolina, a home buyer needs to understand mortgage loans, mortgage qualifying, mortgage payment affordability, and the mortgage application process. The reason for this is very basic: ...
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Mortgage Pre-Approval versus Mortgage Pre-Qualification
July 10, 2019

Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter? (Originally written and posted in 2009 and updated now in August, 2019, with updates in Italics) Considering taking advantage of the favorable mortgage interest rates? mortgage interest rates below 4%? Considering taking advantage of the drop in real ...
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Home Buyers: Real Estate Contract Offers
May 9, 2013

Signing Real Estate Contract
Real Estate Contract Offers: Home Buyers: Are You Just Making an Offer or Do You Want to Buy the Home? The reason I ask is very simple. The real estate market in Central New Jersey has witnessed a change beginning in 2013. While it was truly a buyer's market in recent years(2006-2012), things have ...
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You Signed a Real Estate Contract Offer to Sell Your Home, Mortgage Approval
May 5, 2013

Signing Real Estate Contract
Home Sellers: Is Your Home Really Sold When You Sign a Real Estate Contract Offer? Mortgage Approval_Part III There is another reality to signing a contract offer and selling a home. The majority of home buyers need to obtain a mortgage loan to purchase a home and need mortgage approval from their lender to ...
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Home Buyers: New Jersey Real Estate Contract Offers, Attorney Review
February 26, 2012

Signing Real Estate Contract
 Home Buyers: Your New Jersey Real Estate Contract Offer Has Been Accepted, Attorney Review? New Jersey Real Estate Contract Offer: In New Jersey, all real estate contracts for the sale of residential real estate containing one to four dwelling units, vacant one-family lots or leases prepared by licensees for a term of one year ...
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How Buyers Can Save Money on Real Estate Closing Costs
August 7, 2011

Real estate closing papers
Yes, There Are Ways a Home Buyer Can Save Money on Real Estate Closing Costs in a Home Purchase! Real estate closing costs are an important financial consideration when purchasing a home and in the home buying process. A home buyer needs to be financially prepared for expenses during the real estate transaction and at ...
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The Home Buying Process
June 13, 2011

Home Buying Process
               The Home Buying Process: Searching For        and Buying a Home! The home buying process involves some very important decisions which need to be made at the beginning of the home search and others that need to made to made during the home search and home purchase. The home buying process is more involved than just looking ...
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The Impact of Mortgage Interest Rates!
May 21, 2011

Mortgage Interest Rates
Should Buyers Pay More Attention to Mortgage Interest Rates or Timing the Home Purchase When Home Market Values Hit Bottom? The Dilemma: Buy Now or Wait? Home buyers are searching for the answer.  Many buyers are looking at homes week after week. They see home prices below price levels of last year, and much below the values ...
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The Impact of Days on Market MLS Statistics
April 25, 2011

Real Estate For Sale Days on Market
Are Days on the Market an important statistic for the owner, for a home buyer or is it something that only real estate agents pay attention to? Answer: The days on market statistic of real estate for sale is important to home sellers, to home buyers and real estate agents, both the ...
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Mortgage Interest Rates: First Quarter 2011
April 2, 2011

After increasing to over 5% in late December of 2010, mortgage interest rates ranged from 4.75% and slightly above 5% throughout the first quarter of 2011. Image courtesy of Whether buying or selling a home in Iselin, New Jersey or Colonia or Edison, in Middlesex County or in  any other State, the movement ...
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More Mortgage Basics For Home Buyers
April 1, 2011

Know Your Limits A home buyer needs to know their financial limits. A home buyer needs to know how much of a mortgage payment they can qualify for based on their income, but more importantly, they need to also know how much they are willing to pay per month in a ...
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