NJ Real Estate | Bloomfield | Union | Edison | WoodbridgeIs HUD Gambling With The Housing Market?

Is HUD Gambling With The Housing Market?

Angie Perez Realtor Edison, Union, South Brunswick — Thu, 01 Mar 2012 02:09:37 +0000

On July 15, 2010 (75 FR 41217), HUD issued a notice seeking comment on three initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund (MMIF) capital reserve account. On September 3, 2010 (75 FR 54020), HUD published a follow-up final rule implementing the proposal to introduce a minimum credit [...]

FHA Financing Is About To Get More Expensive

Angie Perez Realtor Edison, Union, South Brunswick — Tue, 28 Feb 2012 14:26:36 +0000

Up to the minute communication from AVP – Business Development/Branch Manager of MCS Mortgage Bankers, Inc., Albert Rapoport explains FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. Upfront premiums (UFMIP) will also increase by 0.75 percent (from 1% of [...]

Before Buying a Foreclosure Facts You Need To Know

Angie Perez Realtor Edison, Union, South Brunswick — Sun, 19 Feb 2012 15:45:03 +0000

How are mortgage liens treated in New Jersey?

New Jersey is known as a lien theory state where the property acts as security for the underlying loan. The document that places the lien on the property is called a mortgage.

How are New Jersey mortgages foreclosed?

In New Jersey, the lenders go [...]

Real Estate Forecast 2012 Trends in the Housing Market

Angie Perez Realtor Edison, Union, South Brunswick — Sat, 18 Feb 2012 00:18:06 +0000

According to Fannie Mae’s most recent monthly survey, the upward trend in housing market sentiment has continued. Respondents in its January survey believe home prices will rise by 1 percent over the next year, an improvement over the 0.8 percent gain predicted in December. Additionally, 44 percent of those responding to Fannie Mae’s survey [...]

First Time Home Buyers Budget Basics

Angie Perez Realtor Edison, Union, South Brunswick — Thu, 02 Feb 2012 16:06:11 +0000

So you or someone you know is thinking about buying their first home? What an awesome milestone to have reached! While I’m sure you’ve got big dreams and even bigger opinions about what you want in your home i.e. a home buyer’s wish list- the first step to [...]

Buyer Beware Buying a Home From A Builder

Angie Perez Realtor Edison, Union, South Brunswick — Sat, 14 Jan 2012 17:36:23 +0000

There’s something innately appealing about a new home. You get to design it –from the floor to the ceiling and everything in between –to your taste. Buying a home from a builder is similar in a lot of ways. You are able to choose the style, size, and any number of upgrades to make [...]

Mortgage Climate Changing Metlife Layoffs

Angie Perez Realtor Edison, Union, South Brunswick — Wed, 11 Jan 2012 16:16:17 +0000

Metlife Home Loans is laying off most of their 4,300 employees that are associated with mortgage loan origination and EXITING THE MORTGAGE ORIGINATION BUSINESS ALTOGETHER! The Bloomberg article announcing this is below.

http://www.bloomberg.com/news/2012-01-10/metlife-most-of-4-300-at-mortgage-unit-to-lose-jobs.html

Previously, Bank of America had announced that it was eliminating 30,000 (with 4 zeroes) employees in the next few years. Citigroup [...]

Why Do I Need a Home Buyer’s Consultation Anyway

Angie Perez Realtor Edison, Union, South Brunswick — Sun, 11 Dec 2011 09:00:08 +0000

When first-time home buyers decide they are ready to buy, it is important for them to begin the process by carefully assessing their values, wants, and needs—both for the short and long term. In the real estate industry, we refer to this as a home buyer’s consultation.

Some home buyers formulate their own “wish [...]

Pros and Cons in Selling a House in a Winter Market

Angie Perez Realtor Edison, Union, South Brunswick — Tue, 29 Nov 2011 00:32:36 +0000

Roberta Baldwin, a well respected, experienced Real Estate Broker from the Keller Williams Montclair Metro Group Market Center joins the New Jersey Real Estate Today Blog Talk Radio Show to share her viewpoints on what buyers and [...]

Never Underestimate the Value of a Pre-Approval Letter

Angie Perez Realtor Edison, Union, South Brunswick — Fri, 04 Nov 2011 00:53:15 +0000

Get Pre-Approved Before You Find Your Dream Home!

It’s a great time to buy a home with prices and mortgage rates at an all-time low. Before you go looking at homes though, you need to get yourself a Mortgage Pre-Approval. This will not only give you the advantage of knowing exactly how much home [...]