FHA 203K Rehab Loans

Financing your purchase or refinance and being able to include repairs, appliances, upgrades. This program is perfect if you are buying a short sale, foreclosure or if you just want to upgrade your house - you can borrow what your home will be worth when...
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Bi-Weekly Payment Accelerator

Pay off your mortgage in 23 years and under. Save tens of thousands in interest. Own your home faster and build equity.
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Weather Conditions

We get A LOT questions that come in all the time and we try to answer as many of them as we can in blog posts so future customers will be able to see these posts and potentially have their questions answered up front. Weather Conditions One of our most recent questions was from a client in New Hampshire.  The customer had […]

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FHA 203k Mortgages & Multi-Unit Family Properties

Another Great Use! Buying and rehabbing a multi-family unit property can be done using the FHA 203k loan.  I’ve done a few of these loans and they are absolutely great!  I’m currently doing one right now — it’s a four-unit property and it’s a big job. The FHA 203k loan limits, which you can check out here, are much higher as […]

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FHA 203K…The Contingency Reserve

What’s The Contingency Reserve? The Contingency Reserve is something that needs to be addressed because it’s an extremely important part of the FHA 203k loan.  The Contingency Reserve is there for cost overruns- it is a component that is put in place to protect the home buyer or home refinancer in case of additional costs or expenses […]

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Have you seen the show “Property Brothers” on HGTV?

I got really excited one day when this new show came out called the “Property Brothers.” I swear when I watch the show I think that I may actually be related to these guys in one-way or another. I believe I might be the third brother- the one that nobody knows about- the one that […]

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Cherry Hill, NJ Home Buyers being asked to pay upfront lender fees???

Recently I have been hearing a disturbing trend of First Time Home Buyers in Cherry Hill, NJ being asked to pay upfront lender fee’s such as an application fee. This is not a requirement and simply should not be paid. I would actually question what type of mortgage lender or broker you are speaking with […]

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FHA Streamline Refinance without Credit Scores and Appraisal

FHA Streamline refinances typically require credit scores and appraisals – this is not the way the FHA streamline program was supposed to be used, but conduits (investors) have put their overlays on FHA mortgages. This is a shame because there are good borrowers out there who make their mortgage payments on time but who, for […]

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FHA 203k Mortgage Issues- Obtaining Permits

I started reaching out to some FHA 203k consultants that I know and also to a few other FHA 203k lenders and I asked them all to please tell me what gives them the biggest headaches and what could I tell customers upfront that would help speed along FHA 203k mortgage transactions. Drum roll please……… […]

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This week in the Mortgage Markets

Mortgage markets worsened last week as concerns for the global economy drove new rounds of “safe haven” buying. Fear continues to dominate mortgage bond market movement and Pennsylvania and New Jersey rate shoppers are benefiting. Conforming and FHA mortgage rates fell for the second straight week last week, and closed out Friday with favorable momentum […]

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Know Before You Go!

It’s important now more than ever that you, as a consumer, understand your credit before you apply for a loan. By now, most wage-earning adults in the US are aware of the term “tight credit” – the notion that lenders are lending or only giving the best loan terms, to the best applicants. Those with […]

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My Ex Husband Skipped Out On My Joint Credit Card Account. What Do I Do?

A reader wrote in with a unique and troublesome problem: My ex husband kept a joint account credit card from Lowe’s that I had forgotten we had. When I went to get a loan my credit rating showed that I had a balance of over $3,000 from that card. All the transactions were done after […]

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