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Comprehending the totality of your financial obligations as a home buyer is a large part of the closing process on any home, and it’s easy to leave questions unanswered when faced with the excitement of moving onto your new property. To make sure you’re an informed home buyer with their head on straight, let’s see … Continued

The last thing you need when purchasing your home is an additional fee tacked on to your mortgage for Private Mortgage Insurance, or PMI. Let’s go over how to avoid paying PMI when buying a house in New Jersey to do everything to keep your monthly mortgage payments as low as possible: What Is Private … Continued

The process of buying a house involves a lot of time, planning, and financial preparation in order to make everything a success. To help you through the process of getting approved for your mortgage, here’s what you need to know about the debt-to-income ratio when buying a house in New Jersey: What Is DTI ratio? … Continued

The way to obtain pre-approval through a mortgage lender can seem a bit confusing if you’re a first-time homebuyer or not knowledgeable of the real estate industry. Let’s prepare you for a big step in the average buyer’s journey to homeownership by looking at how the pre-approval process works for homebuyers in New Jersey: Check … Continued

Any large purchase typically requires a lot of research, especially if you’re not an experienced buyer. And this probably applies more to buying a house, the largest financial transaction of your life, than anything else. And that necessary research involves (or should anyway) asking a multitude of questions. But you need to know the right … Continued

As you’re probably well aware, closing and the inevitable closing costs constitute the final hurdle to overcome in finalizing the transaction and walking away with the keys to your new home. And because buying a home is typically a long and arduous process, many buyers are tempted to just pay the closing costs to get … Continued

Home prices are still rising (though at a slower rate than they were). And that means that many home buyers may need a bigger mortgage than they had anticipated. So, as a New Jersey home buyer facing higher prices, you probably want to know how to qualify for a larger mortgage loan. There are many … Continued

Next to the purchase price of a home, the next biggest consideration for home buyers is typically their mortgage rates, that is, the interest rates they’ll pay on their mortgages. The interest rate plays a huge role in how much you’ll pay over the life of the home loan. For example, for a 30-year fixed-rate … Continued