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FHA 203k Mortgages & Multi-Unit Family Properties

January 18, 2012

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 […]

FHA 203K…The Contingency Reserve

January 8, 2012

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 […]

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

January 3, 2012

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 […]

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

August 30, 2011

Recently I have been hearing a disturbing trend of First Time Home Buyers in Cherry Hill, NJ being asked to pay upfront lender fees 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 […]

NJ FHA 203k Success Story – Yep we did it again!

June 21, 2011

It’s starting to sound like a bad Britney Spears song (sorry to all you Britney fans out there) but … Ooops…We Did It Again! We took a wonderful NJ couple and showed them the power of the FHA 203k mortgage program.  We showed the customer once again that by using this mortgage program that you […]

What repairs are eligible to be completed with a FHA 203K Loan?

June 20, 2011

If you are either looking to purchase a home or possible rehab your existing home, it is important to know the repairs you can do with an FHA 203k loan. It is not breaking news to hear that the market is flooded with homes that need work. The difficulty that potential home buyers are having […]

How will being pre-qualified help my home search?

June 18, 2011

Today, most consumers start their home search online. It is important to know the advantages of being a pre-qualified buyer. There are several reasons that this will help you. First and foremost that this is free service that will help you find out the max range of homes you can look at but it also […]

Home Improvements BEFORE You Sell?

June 16, 2011

By getting a good understanding of what potential buyers are looking for before you list your home, you will have an advantage over other listings. Lets face the facts; today’s home buyers are LESS WILLING to COMPROMISE! Seller’s Temptation: To clean up the yard, de-clutter the house, and put it up on the market without […]

FHA 203k Mortgages and Underwater Properties – Is There Hope?

June 8, 2011

One of the best parts of FHA 203k mortgages is that overnight your property can “Poof” have equity! Who would have thought that was possible in this real estate environment – not most people, so let me explain in detail how this works. Current Home Specs and Estimated Value You own a home that is […]

FHA 203k Mortgage-The Quarterback (QB)- Part 1

May 22, 2011

Peyton Manning? Are you serious? Yep – I am. I am personally a Philadelphia Eagles fan, but for the purposes of this blog and what I am going to be showing you during my next few blogs I need you to understand my point. Peyton Manning is the true general on the football field.  There […]

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