Understanding Fannie Mae and FHA Guidelines for a Two-Year Work History
If you’re planning to buy a home, one of the crucial factors that lenders will consider is your employment history. Both Fannie Mae and the Federal Housing Administration (FHA) have guidelines for a two-year work history that you need to meet to qualify for a mortgage. In this blog post, we’ll explore the differences between […]
Non-QM Lending: A Guide to Getting a Mortgage When You Don’t Fit the Mold
Getting a mortgage can be challenging, especially if you don’t fit the mold of a traditional borrower. Whether you’re self-employed, have a high debt-to-income ratio, or have other unique circumstances, non-qualified mortgage (non-QM) lending may be the solution you need to secure a home loan. What is Non-QM Lending? Non-QM lending is a type of […]
5 Essential Financial Tips for Preparing to Buy a Home
Buying a home is a significant financial commitment, and it’s important to be well-prepared before taking the plunge. Here are five essential financial tips for preparing yourself to buy a home. 1: Save for a Down Payment One of the most important financial aspects of buying a home is saving for a down payment. Most […]
Buying vs Renting: A 10-Year Comparison of Expenses
The decision to buy a home versus renting one can be a daunting one, especially when it comes to the financial aspect. While homeownership is often considered a wise investment, there are costs associated with it that may not be immediately apparent. In this blog, we’ll compare the expenses of owning a home versus renting […]
A Comprehensive Guide to the Home Buying Process: From Start to Finish
Buying a home is one of the most significant investments you’ll make in your lifetime, and it can be a complex and confusing process. From finding the right property to securing financing, there are many steps involved in buying a home. Here’s a comprehensive guide to the home buying process, from start to finish. Step […]
To Buy or Not to Buy: Should You Wait for Rates to Drop Before Getting a Mortgage?
One of the biggest decisions you’ll make when it comes to buying a home is when to make your move. With mortgage rates fluctuating on a regular basis, it can be tempting to wait for rates to drop before committing to a mortgage. But is it really worth it to wait? In this blog, we’ll […]
The Benefits of Home Ownership: A Look at Home Appreciation in New Jersey
Owning a home is often considered a cornerstone of the American Dream. Not only does it provide a sense of stability and security, but it can also be a wise investment over time. In this blog, we’ll explore the benefits of home ownership, and take a closer look at home appreciation statistics in New Jersey […]
Investment Properties: The Benefits of Buying with a Mortgage
If you’re considering investing in real estate, you may be wondering whether it’s better to buy an investment property with cash or with a mortgage. While buying with cash may offer some benefits, there are also several advantages to buying an investment property with a mortgage. Leverage One of the biggest benefits of buying an […]
Smart Strategies for Negotiating a Home Purchase: Tips for Buyers
Buying a home can be an exciting and rewarding experience, but it’s also a major financial investment. When it comes to negotiating the purchase price, it’s important to have a solid strategy in place to ensure that you’re getting the best deal possible. Here are some best practices for buyers when negotiating a home purchase. […]
Low Appraisal Value: What Are My Options?
When you’re in the process of buying a home, receiving a low appraisal value can be a major setback. An appraisal is an evaluation of a property’s value conducted by a licensed appraiser, and it’s a critical component of the mortgage process. If your appraisal comes back lower than expected, you may feel like your […]
