Robert's Blog
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.
ARCHIVED BLOG POSTS
2019
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OK, maybe not so wordless because I think I may need to explain this one a bit. Has anyone else noticed how our phones know what we are doing more than we do ourselves? This morning My phone thought I was going to my office... and for a change my first stop was actually a closing (which is why...
07/31/2019
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Here is this weeks economic calendar. So far it has been a pretty flat week for mortgages, but there is a lot of data coming out this week that can swing rates. Tuesday's income, spending and confidence numbers always have a chance of moving the market, and at the end of the week we have the em...
07/30/2019
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Robert Rauf Mortgage Loan Originator NMLS# 248937http://www.homebridge.com/RobertRauf or my blog: http://activerain.com/blogs/rrauf Office: (732)908-4868 Cell (732)740-0175 RRauf@HomeBridge.com www.RobertRauf.com Since 1987 I have been helping my clients fulfill their dream of home ownership! ...
07/29/2019
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Robert Rauf Mortgage Loan Originator NMLS# 248937http://www.homebridge.com/RobertRauf or my blog: http://activerain.com/blogs/rrauf Office: (732)908-4868 Cell (732)740-0175 RRauf@HomeBridge.com www.RobertRauf.com Since 1987 I have been helping my clients fulfill their dream of home ownership! ...
07/28/2019
For me it was $97,500. I have been out of that house for 25 yrs, but even with 2 real estate meltdowns since that time that home has still more than doubled in value (actually it must be worth $250k now). Real Estate is still a GREAT long term investment.Robert Rauf Mortgage Loan Originator NM...
07/26/2019
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Both Fannie Mae and Freddie Mac have made changes to their above mentioned programs. As of last week Fannie's HomeReady 3% down program has a maximum income of 80% of the area's Median income for ALL Census tracts. As of the End of this week Freddie's Home Possible will follow Fannie's lead as we...
07/25/2019
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What are you thankful for?This came in just in time for "Thankful Thursday"An email from my underwriter that said: "Your loan is cleared to close and has advanced to the Closing Dept." Robert Rauf Mortgage Loan Originator NMLS# 248937http://www.homebridge.com/RobertRauf or my blog: http://act...
07/25/2019
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It was a brutally hot weekend on the East coast, but we managed to grab 3rd place in the J24 District 3 Championship.Robert Rauf Mortgage Loan Originator NMLS# 248937http://www.homebridge.com/RobertRauf or my blog: http://activerain.com/blogs/rrauf Office: (732)908-4868 Cell (732)740-0175 RRau...
07/24/2019
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The USDA just released their new income limits for 2019. This is the Maximum income limit allowed to be eligible to use USDA Financing.For a large portion of NJ the "small family" (up to 4 people) limit is $108,550 and the Large family (5-8 persons) is now $143,300.(This is the household income...
07/23/2019
We have a very lucky break this year- Rates took a big drop down, many mortgage guidelines have eased, there are numerous options for low or no down payment mortgages, Numerous options for Rehab loans and Unemployment is low. If you have been considering buying a home in NJ, the time may be jus...
07/23/2019
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