Category: Real Estate
What is PMI and do I need it to buy my New Jersey home?
Although mortgage rules are relaxed enough so that lending requirements allow many to purchase without that standard 20% down payment, one cost of these allowances is Private Mortgage Insurance. We mentioned this insurance premium in the previous article about loan...
Conventional Loan Choices Vary for the New Jersey Home Buyer
Of all the choices to finance your New Jersey home purchase, a conventional loan remains the most popular with the greatest majority of people. Mainly because they are less restrictive about guidelines and conditions a home must meet to be eligible for financing than...
The FHA Loan Option for Montclair Area Home Buyers
Choosing which type of loan can have repercussions on your financial picture for years to come. Depending on your financial goals and current ability you’ll want to look at how each loan type benefits you now and in the future. While refinancing later for better...
If you were a mortgage loan, what kind of animal would you be?
Short of simply paying CASH, the most common way of purchasing a home is to take out a mortgage. That sounds so simple, but the truth is, there are many different kinds of mortgages, many loan packages that offer a variety of options and most average mortgage...
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