Robert's Blog

Mortgage and Lending - HomeBridge Financial Services (NJ) - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
 So I am about to be homeless.  My house is sold, closing soon and I cant find what I want in this crazy market.Empathy... Let's say I have buckets full of it for my borrowers that are out hunting. I have lost count of how many Houses we have seen but there are some stand out observations I have ...
  If you would like to see the video version of this blog you can click here: Just yesterday I was sent a contract with a ridiculously short closing date- even in a normal market it would have been difficult to meet. First thin...
 As we have businesses opening after state mandated shutdowns we have new methods to follow for self employed borrowers/buyers.Pre-Pandemic we would use the past two years Federal tax returns and average income or sometimes, if the most recent year was lower, we would use the lower of the two yea...
if you prefer to Listen to me click here or you can read belowThat title may sound a little crazy, but it appears to be a realistic possibility.  We came into 2020 with a strong housing market that has not appeared to slow down (other than a severe lack of inventory in many areas).  The economy w...
  F Words: Should I show someone a home if they are in Forbearance? what if they are furloughed?  The answer to both questions above  is probably “NO”.  F words in the mortgage world are typically bad.  The Biggie of course is Foreclosure- that causes a 7 yr waiting period for Conventional loans ...
 In today's world of "virtual everything" one thing I see missing on MOST listings in my area are floor plans. Keep in mind that I am a Mortgage Guy and my feedback is coming from my clients.  While Pictures are an ABSOLUTE Must (and quality pictures- that is the subject for another blog!) Virtua...
  I spent an hour in a conference last week with the Chief Economist at the Mortgage Bankers association and he provided us so much information the call could have actually been Much Longer (and welcomed believe it or not)  one of the charts he shared is this one with a bit of a rate history and ...
 I wrote a blog the end of May regarding the Mortgage relief available during the COVID-19 pandemic. Here is a little more on that subject along with some figures and realities behind all the headlines.First the numbers from the Mortgage Bankers Association (MBA): From the beginning of March to M...
 I discussed Covid 19 appraisal issues in my previous blogs about Conventional and VA appraisals  here: and here:  for FHA as well: The USDA just came out with Guidance on Appraisals and Em...
  I discussed Covid 19 appraisal issues in my previous blogs about Conventional andd VA appraisals  here: and here: We now have guidance for FHA as well: FHA  Mortgagee letter 2020-05 provides guidance regarding:  Appraisal R...

Robert Rauf

Ask me a question

Additional Information