The summer season is upon us and the market is still hot! Interest rates are increasing, but inventory is still low with prices climbing. Congratulations to Ocean City being voted, Americas Happiest Seaside Town! NEW Listings SOLD Listings News:The Borgata Casino Also Plans to Launch Sports Betting Thursday!Fed Raises Interest Rates and Signals 2 More […]
Continue readingListing Link With Price Welcome To Upper Township! 4 Bedroom 2.5 Bath Home In One Of Seaville’s Most Desirable Neighborhoods. Many Recent Updates, Including: Dual Zone Gas Heat & Central Air, Hardwood Floors, New Carpet, Ceramic Tile, Granite Counters, Stainless Steel Appliances, Tile Backsplash, Updated Baths, And More! Features A 2+ Car Garage, Plenty Of […]
Continue readingNon-warrantable condos are condominiums that do not meet the guidelines set by larger government investors like Fannie Mae or Freddie Mac. This means the loans are not insurable by those investors. This could be for a number of reasons, such as the unit being a condo-hotel, mixed use with commercial, a high concentration of […]
Continue readingWhat is an underwriter?The underwriter has the responsibility of making the yes-or-no decision on every loan that passes through a mortgage company. Their name is on every transaction that is closed. They are in-charge of analyzing the risk of approving a buyer get a loan. If that loan ever goes into default or is fraudulent, […]
Continue reading“Are Fannie Mae and Freddie Mac actual people?” The answer is no, they aren’t. They are government agencies that insure our mortgage loans for us. They set conventional loan lending guidelines. If you hear of a conventional loan, most likely, it is insured by Fannie Mae or Freddie Mac. Aside from setting parameters and guidelines, they […]
Continue readingWhen somebody’s applying for mortgage, one of the first questions asked is, “what are you going to use the property for?” However, most buyers don’t really know why they are asked such questions. So, is there really a significant difference among these 3 from a loan application perspective? The answer is…Yes, there is, definitely.The intent should […]
Continue reading