Rich Hirsch's (rich_hirsch) Blog

My previous blog talked about being prepared of a natural disaster. Part of that preparation should include revisiting your homeowner’s insurance policy and speaking with your agent sooner rather than later. If your house burns to the ground, you need to not only replace the house and all your th...

While we hope disasters will never come, they have become an unwelcome fact of life here in the northeast and throughout the country. As the expression says, "Hope is Not a Strategy," therefore it is vital that we have a plan to address a disaster if it occurs. Planning and preparing for a disast...

 There is an abundance of misinformation about credit scores. The information below is accurate and if you have any questions please don’t hesitate to contact me.   1. The Players •    Beacon at Equifax •    FICO Risk Score at Transunion (Empirica) •    Experian/Fair Isaac at Experian   2. Main r...

  A Mortgage Calculator for Any Occasion Payment Calculator Rent vs. Buy Interest-Only Payments How Much Can I Borrow? Will Refinancing Benefit Me? http://www.mortgagemaster.com/rhirsch/calculators/   Contact: Rich Hirsch Senior Loan Officer (908) 410-9066 http://www.mortgagemaster.com/rhirsch NM...

There are so many different types of mortgages out there — how do I know which one I should choose?You’re right, there are a lot of choices. Each type of loan has different benefits and advantages, so it’s important to discuss your financial goals with me when we sit down to review your needs. It...

After some ups and downs this week rates finished where they began. Although off the all time lows rates are still very attractive. These rates apply to properties in New Jersey and Pennsylvania. No changes this week. Rates 02/15/2013 – 02/18/2013 30 Year Fixed Conforming (up to $417,000)3.50% 15...

Part 1 Why should I buy vs. rent?Paying rent is like lining your landlord’s pockets — you pay while they build equity, write off the interest on their mortgage and deduct their property taxes. When you own your home, it is an investment. Over the long term, the worth of a home generally increases...

Here are the results from a recent internet search for the following terms: “mortgage”                       736,000,000 “mortgage loan”              50,300,000 “mortgage refinance”     23,200,000 Wow! I knew the results would be huge, but I have to admit that these numbers were even bigger than ...

There are 5 mortgage qualifying situations that require special attention.  If your client has a similar scenario like the ones listed below please contact me so we can determine quickly if your client will be able to secure financing. Self-Employed Clients – A person is considered “self-employed...

Rates ended the week pretty much where they began. The Conforming Jumbo was up an 1/8  while the 30 Year Fixed and 15 Year Fixed held steady for the week. These rates are based on properties in New Jersey and Pennsylvania. Rates 02/08/2013 – 02/10/2013 30 Year Fixed Conforming (up to $417,000)3.5...