Owning property in New Jersey comes with both benefits and challenges, especially when you’ve built up good equity over 5-6 years. Many property owners face a decision: should they sell or rent? As a realtor, my recommendation is to sell. Here’s why: Avoid the Hassle of Renting: New Jersey isContinue Reading
The Foreclosure Crisis: How Families Lose Their Homes Foreclosures can have devastating effects on families, leading to significant financial and emotional stress. Various factors contribute to homeowners facing foreclosure, including: High-Profile Foreclosure Cases Even celebrities and high-profile individuals are not immune to foreclosure. Some notable examples include: Medical Foreclosure TragediesContinue Reading
When a realtor is working with a client who is seeking a mortgage, it’s crucial to ensure that the lender has conducted thorough due diligence on the client. Here are some key questions a realtor should ask the lender: By asking these questions, a realtor can gain a clearer understandingContinue Reading
A standard homeowners insurance policyprovides coverage to repair or replace your home and its contents in the event of damage. That usually includes damage resulting from fire, smoke, theft or vandalism, or damage caused by a weather event such as lightning, wind, or hail. Other covered damage could come fromContinue Reading
Hi this is realtor Anil Aggrawal lately lot of people ask me Mr. Anil what do you think about Interest rate and housing market 2023 especially knowing that feds have increased the rates from 2.5 to almost six and more in 2023 This context I will try to pick someContinue Reading
FHA vs. Conventional FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. Conventional loans allow slightly lower down payments. FHA Conventional With FHA loans, mortgage insurance is required regardless of the down payment amount. Credit score requirements vary for conventional loans and FHAContinue Reading
If you have mortgage and seeking cancellation of debt then read this article? Sometimes debts can pile up beyond a borrower’s ability to repay, especially if we are heading into a recession. But lenders are sometimes willing to cancel (forgive) debts that are owed by financially challenged borrowers. Continue Reading
Yes that correct Mortgage Rates Increase By 1% a Buyer Loses 10% in Affordability! Did you know that with every 1% rise in rates, the buyer loses 10% in affordability. It is now very important that buyers understand that rising interest rates will eat away any savings they could get from waiting for pricesContinue Reading
What you need to know about mortgages during (and after) COVID-19 As experts and advisers, real estate agents have always played an important role for homebuyers. But it’s clear that during the coronavirus era, they have even more responsibility to educate clients on what’s happening in today’s marketContinue Reading
