Affordable New Homes! Mortgage Mythbusting in New Jersey

Think you can’t afford a new home? Think again! Myth: Lenders require a 12% down payment Fact: Your down payment can be as low as 3%. Can use any fixed-rate term (10, 15, 20, 30 year). Survey said: Roughly 40% of consumers surveyed don’t know what down payment lenders require. Myth: Lenders require a credit … Read more

Mortgages and Home Loans during Coronavirus Crisis

Forbearance would pause your mortgage payment and not damage your credit. This program can vary from lender to lender, but basically will buy you time until you are back to work. You can see if your lender will add the payments you miss to the end of the mortgage term. Or at the end of … Read more

Facts You Should Know About the Mortgage Application Process

Having trouble getting your mortgage approved? Here is some helpful information you should know about the mortgage application process. 6. Two year wait after a Chapter 7 bankruptcy discharge for FHA and VA, 4 years for Conventional and 3 years for USDA. 7. No wait period after Chapter 13 bankruptcy for FHA, USDA, and VA … Read more