Is now the right time for you to buy a home? You have many options to consider and choices to make. Buying a home is a big responsibility, financially and emotionally, but, most people want to own a home. Homeownership often is referred to as "the American dream." Why is it so special? Among the reasons: Real estate often is an excellent investment, perhaps the number one source of wealth-building for families.  Owning a home has many benefits. When you make a mortgage payment, you are building equity - and that's an investment. Owning a home also qualifies you for tax benefits that may assist you in dealing with your new financial responsibilities - such as homeowners' insurance, real estate taxes, and upkeep - which can be substantial. But given the freedom, stability, and securit... 02/03/2014

How to Repair Bad Credit  In past years, before the modern-day sophistication in credit reporting methods – including credit scores, indicators and debt management models – the very basic and simple thing that had to be understood and acknowledged about any bad credit profile is how it originated. We knew then that the act of borrowing created a requirement to repay; and established terms pursuant to which the borrowed item or sum was to be repaid. That remains true today, except that in some cases, a lender is understood to mean creditor and borrower to mean debtor. Similarly it was understood that failure to repay the borrowed items or sums in full or in accordance with established repayment terms – to which the borrower had to agree as a condition of obtaining the loan – created a p... 01/29/2014

Obstacles Faced by First Time Home Buyers For most people, buying a home means that they must also apply for a mortgage loan and meet certain qualifying requirements in order to be approved for that loan. Folks who had previously bought a home and in many ways know what the process entails can be thought of as being more prepared – based on their knowledge and experience, as well as cash assets from the sale of an existing property – to buy a new home, whereas first time home buyers have neither the experience or cash resources possessed by a repeat home buyer. So among the first hurdles or obstacles a first time home buyer encounters is having enough cash for down payment and closing costs, as well as having to qualify for mortgage financing to complete the home purchase. In most case... 01/28/2014

Which Type of Home Mortgage Is Right for Me? Buying a home requires financing – there’s really no way around that unless you’re one of the nation’s financial elite. For the rest of us, it means applying for a home loan – a mortgage. However, there are multiple types of mortgage on the market, and they’re very dissimilar. Some can seem very attractive at first, but cost more in the long run. Knowing the difference is the key to making a smart decision when it comes to your home mortgage. Let’s compare fixed rate mortgages and adjustable rate mortgages (the two most common options). Fixed Rate Mortgage A fixed rate mortgage is what most homebuyers imagine going into the buying process. It’s similar to other types of loans – you apply for financing, the bank conducts a credit check and ca... 01/24/2014

Tips about getting online Homeowners Insurance Quotes  The information that you receive when shopping for insurance online is only as good as the information that you input when you make your request. The homeowner insurance quote is relatively easy if you have the basic information needed to give you an accurate quote. The online quoting system will respond to your request very quickly once you input all the data. There are different types of homeowner policies for different types of homes. The residential home, the townhouse, and the condominium all require slightly different coverage. The age of the home also dictates the type of policy that you should purchase. The online insurance calculators rely heavily on certain criteria when determining the actual rate. The actual square foot... 01/16/2014

The Most Common Questions that First Time Home Buyers will have Because the process of buying a home for the first time can be an extremely complicated process, all potential new home owners will have a variety of different questions that they will need answers to.  Here is a list of the most frequently asked questions that first time home buyers will commonly ask: What is the Difference between Renting and Buying? Quite simply, a home is an actual investment and renting is not.  By renting a home, you are giving away money every month that you will never see again.  On the other hand, if you own a home, you will be able to receive a variety of different advantages.  For example, as a home owner, you will be able to subtract the overall cost of your mortgage loan from the federal and s... 01/16/2014

Frequently Asked Questions about Title Insurance While many forms of insurance are part of our daily lives, title insurance isn't one of them. In fact, quite a few people know very little about this type of insurance, what it’s used for and why the need it. To help you better understand this important form of protection, a list of the most frequently asked questions has been compiled below. Do I need title insurance? All home buyers need title insurance, whether you’re purchasing an older home or a brand new home. This type of insurance protects you from a wide range of threats that could jeopardize your ownership. What types of threats can title insurance protect me from? There are any number of threats out there that can threaten your ownership. These include: Liens against the prope... 01/14/2014

  6 Vital Tips for Buying Real Estate The national real estate market is looking up for most of the country, which means more and more people are opting to buy a home rather than refinance their current home or continue renting. Interest rates remain low (for the time being, anyway), and there’s plenty of real estate on the market for the discerning homebuyer. However, it pays to go into this process armed with the right information to ensure that you’re able to get the most bang for your buck, and that you make a smart purchase decision. 1. Get Your Loan First Before you begin looking at real estate, get your finances squared away says the US Department of Housing and Urban Development. By having a firm idea of what you can and cannot afford, you can limit yourself to only looking at ... 01/14/2014

While the Press and Media are always telling us to shop around for the cheapest home insurance quote, it can be difficult to do if you don’t know where to start. Here we explain the best places to look – and how to ensure you get the best price on your home insurance quote. Did you know that complacency is the biggest reason why we overpay on our insurance? And that’s not just home insurance, but motor insurance too. The renewal notice drops through your letterbox once a year from your current insurer and the premium doesn’t look much more expensive than last year. So, you decide, for ease (and – dare we say it – out of sheer laziness!) to stick with the same insurer. Big mistake! While you may be happy with your current insurer, if you want to pay less for your insurance, then you rea... 01/13/2014

  The benefits of financing your first home with an FHA 203K Rehab Loan should always be considered.There are a number of mortgage financing options available to home buyers. Among these are the various types of conventional mortgages administered by Fannie Mae and Freddie Mac, including those which require PMI (Private Mortgage Insurance), as well as State-subsidized mortgages offered to first-time home buyer residents of those states. There are also various types of FHA-insured mortgages, and there are VA (Veterans Administration) mortgages for Veterans and their eligible spouses. Financing a home purchase with any of the mortgages mentioned above consists four basic stages. Origination, during which preliminary information and documentation about the buyer and the property is gather... 01/12/2014

Preparations for Buying Your First Home Home buying decisions are made on a regular basis, some by highly qualified individuals who are confident in their ability, not only to buy the home, but also to take care of it in every way and comfortably repay the mortgage loan they were issued to complete the purchase. Among this group of home buyers might be folks who had already owned a home which they sold in order to buy a new home and folks who were lucky enough to receive – by a variety of different means – a considerable amount of money that would make the purchase easier.  Members of the above mentioned groups would probably require less preparation prior to buying than an individual or family buying a home for the first time, especially those requiring maximum mortgage financing due ... 01/10/2014

  Gone are the days when representatives of a mortgage lending company could open a briefcase or attaché case, grab an application package, and proceed to complete the generic Good Faith Estimate (GFE) and Truth-In-Lending (TIL) forms. As of January 1, 2010 the final stage of new regulations signed into law by former President George W. Bush took effect and it was then that the new GFE replaced all previous versions.  This new version of the good faith estimate is as extensive as it is comprehensive and it entails – or attempt to be inclusive of – all aspects of a mortgage loan, especially when that loan is used to finance the purchase of a residential property. The GFE form is sectioned off in blocks and boxes and reflects a tolerance which will be explained later. Some fees reflected... 01/10/2014

I have a team of loan officers that work for me that always inform their clients to supply all income and asset documentation prior to going to view homes for sale. This allows us to provide pre-approvals and not just the pre-qualification, which is just a document which is based off of a mortgage application and a credit report. There is no verification of the data that is on the application. This borrower inparticular was dificult to begain with. A young attorney who seemed to think he knew the process better then his real estate agent and his loan officer. The agent assumed that the borrower was qualified since he was issued a "pre-qualfication" letter. This borrower get's under contract and puts down a large some of money as a deposit. We get a copy of the agreement of sale only to ... 11/20/2013

Ownership of real estate is tracked by its title. When property is transferred, the title is conveyed from one party to the other. It is therefore an essential component of a real estate transaction. This blog offers information on title searches for NJ home purchases, what it is, and why it is significant. What is Title Title is paperwork detailing the ownership and right to use a property. It is not one particular document but a set of forms that includes deeds, contracts, property indexes, and mortgages. These are kept on record at the county Registry of Deeds and are accessible to the public. Title Searches For NJ Home Purchases A title search is a thorough evaluation of historical records relating to a specific property. It begins with the current owners and traces back to past own... 11/20/2013

When NJ and PA home buyers apply for a mortgage their credit profile is broken down into 3 classifications. NJ and PA home buyers should be aware that those 3 credit classifications are detailed below, 2 of them overlap.   1) Denied- If you are applying for a mortgage and get denied based on credit score, there is a lot you can do especially if you have stable employment and enough money for any down payment in needed. This will apply to you too.   2) Accepted- This is where your credit score is sufficient for mortgage qualifying, but will not get you the best rate available. Fico score of 620-739   3) Accepted- Premier Pricing - This is of 740 or higher.     Let’s take a look at the differences between option 2 & 3.   Being accepted for a mortgage is great but as an investor and someon... 11/07/2013

Home for Sale By Owner in Voorhees, NJ 08043 - Flat Fee MLS Listing $395 18 Westminster Dr Voorhees, NJ 08043 - Realtors welcome, buyer agent commission paid at MLS#6227494 4 Bedrooms 3 Bathroom SELLER WILL PAY 50% OF TAXES FOR THE 1ST YEAR! New Roof (2011); New Totally Renovated Kitchen with recessed lighting, new cherry wood cabinets, New microwave, New stove, New refrigerator (2011); Entire House Newly Painted (2011); New Bathroom Main Level (2011); New Heater/Furnace (2011); New Central Air System (2011); New Electrical Outlets & Light Switches (2011); Back Yard Fencing Upgrades (2012); New Vinyl Siding (2012); Newer Modern Windows & Sliding Glass Doors Buyer Must be Pre-Qualified Read more on REALTOR.com: 18 Westminster Dr, Voorhees, NJ 08043 - Home For Sale and Real Estate Listing... 06/07/2013

Home for Sale By Owner in Voorhees, NJ 08043 - Flat Fee MLS Listing $395 25 Milford Cir Voorhees, NJ 08043 - Realtors welcome, buyer agent commission paid at MLS#6127812 3 Beds 3 Baths Elegantly appointed New Hope model backs to woods, is conveniently located near clubhouse, and is loaded with decorator upgrades. The first floor of this stunning 3 bedroom, 2-1/2 bath home features an open living room with surround sound speakers and dining room with vaulted ceiling, natural lighting and a beautiful chandelier, gorgeous hardwood floors throughout, custom lighting, granite kitchen countertops, and a master bedroom suite with tray ceiling. The upstairs offers two bedrooms, a full bath, and a spacious loft with surround sound speakers overlooking the first floor. Other amenities include a f... 12/30/2012

Del Webb’s Centennial Mill community is set in the suburban New Jersey town of Voorhees. The area offers an abundance of shopping, dining, entertainment and recreation as well as award-winning health care, impressive educational institutions and convenient transportation corridors. Just a short drive from Centennial Mill are major cities including Philadelphia, Atlantic City, New York City and Baltimore, all accessible in under two hours. The 401 homes at Centennial Mill were built between 2004 and 2011. Today interested home buyers can select from Del Web’s charming single-family detached townhomes set amid green spaces and pocket parks.  The award-winning Del Webb floor plans feature spacious open living concepts, relaxing master suites, spa-like master baths, ample storage space and ... 04/20/2012

Market Statistics and Comparrison for Voorhees NJ - November 2010 & 2011 The Voorhees NJ November market comparison has some mixed news. November 2010 we saw 28 homes listed with a listed average of $323,771, nine homes went pending, 12 units sold and the average days on market were 116 for November 2010 in Voorhees NJ. The sold average for November 2010 was $301,849. This November 2011, 20 homes listed, 12 homes went pending and 12 units sold. The average days on market dropped drastically to 59 days. The listed average dropped to $231,985 while the sold average dropped to $232,746. This could mean a number of things. Perhaps more short sales and foreclosures hit the market or more “lower value properties” had sold. What we do know is the average days on market dropped considerably whi... 12/07/2011

Here is the latest update for the Real Estate market in Voorhees NJ. I have used only residential properties, this includes condos and townhomes. Data is from TReND and although this information is deemed reliable, it is not guaranteed. This OCtober 2011 the Voorhees NJ Real Estate market had 10 more homes listed than last October. Although the average listed price went up, the sold average was down. The average days on market or "DOM" did decrease this October. Please view the chart below to see all the data. Search Voorhees NJ Homes For Sale and Real Estate Listings If you are interested in selling your Voorhees NJ home, please give me a call or send me an email.  11/15/2011