November 3rd, 2009
NO INCOME VERIFICATION LOANS ARE ALIVE AND WELL!
The last year and a half or so has seen a unprecedented chain of events occur in the mortgage industry with the closing of hundreds if not thousands of companies and the elimination of many of the so-called “exotic” products.
When the dust finally settled only the strong have remained ready willing and able to lend to qualified borrows. We are proud to be among those standing tall and offering the very best of what is available today for the consumer. Along with standard conventional, jumbo and FHA mortgages that we have available, we are among the few remaining companies that can offer No Income Verification and Stated Income Verification loans to our highly qualified New Jersey, New York and Pennsylvania borrowers. Read more... (425 words, estimated 1:42 mins reading time)
Tags: NIVA, nj stated, no income loans, stated income loans
Posted in Uncategorized | No Comments »
October 20th, 2009
What You Need To Know
Remember the days when someone with a 500 credit score could qualify for a New Jersey FHA mortgage? Well over the past year, FHA credit score requirements have been increasing. Nearly 20% of FHA loans are currently in default causing FHA lenders to be more cautious.
In this current mortgage market, to even be considered for a FHA mortgage, you MUST have a 620 minimum credit score. But we are seeing a trend that many other FHA lenders are now following. Read more... (346 words, 1 image, estimated 1:23 mins reading time)
Tags: new jersey fha, new jersey fha company, new jersey fha lender, new jersey fha loan, new jersey fha mortgage, new jersey fha scores, nj fha
Posted in FHA Loans | No Comments »
October 12th, 2009
Don’t Underestimate How Much Your Credit Scores Can Cost You When Looking For a Mortgage
When was the last time you checked your credit reports and found out what your current FICO scores are? And I don’t mean the last time you ordered your credit scores from annualcreditreport.com or any other “consumer” credit score version company. Keep in mind the credit scores these companies sell to you are NOT your true FICO scores that mortgage lenders use to determine if you qualify and most important, what “pricing” tier do you fit into. Read more... (727 words, estimated 2:54 mins reading time)
Tags: credit and mortgage, credit reporting, credits cores, fico, New Jersey Mortgage
Posted in Credit, New Jersey Mortgage | No Comments »
September 27th, 2009
What questions to ask to find out their “total” fees and charges to you when looking to purchase a home?
Nowadays, New Jersey home buyers are always looking for the best deal and price. Who isn’t? They usually call several New Jersey Mortgage lenders to find out who has the best rates and lowest fees. That is another topic I will cover shortly about the proper way to do so. Read more... (553 words, 1 image, estimated 2:13 mins reading time)
Tags: new jersey closing costs, new jersey mortgage fees, new jersey title fees, nj closing fees
Posted in New Jersey Mortgage, New Jersey Title | No Comments »
