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Category: Real Estate

Why don’t they Trust me!?

Why don’t they Trust me!?

Salespeople are the backbone of any business, but many consumers don’t trust them. The reasons for this are varied, but some common factors include: Pushy tactics: Many salespeople use aggressive tactics to try to make a sale, which can be off-putting to consumers. This includes tactics like high-pressure sales, bait-and-switch tactics, and making unrealistic promises. Lack of knowledge: Consumers often expect salespeople to be experts in their field, but many salespeople lack the necessary knowledge to answer complex questions or…

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What is an Assumable Mortgage?

What is an Assumable Mortgage?

An assumable mortgage is a type of home loan that allows a buyer to take over the existing mortgage of the seller. This means that the buyer agrees to assume the remaining balance of the seller’s mortgage, rather than taking out a new loan to purchase the property. Assumable mortgages were more common in the past, but they are still available today, although they are not as prevalent as they once were. The main advantage of an assumable mortgage is…

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Loan Level Price Adjustments- What role do they play in my home loan application?

Loan Level Price Adjustments- What role do they play in my home loan application?

When applying for a mortgage, it’s important to understand the various fees and costs associated with the loan. One of these fees is the Loan Level Price Adjustment (LLPA), which is a fee charged by lenders to adjust the interest rate of a mortgage based on the borrower’s credit score, loan-to-value ratio, and other risk factors. While LLPA may seem like a small detail in the grand scheme of applying for a mortgage, it can have a significant impact on…

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New Jersey Anchor Program- Deadline Approaching!

New Jersey Anchor Program- Deadline Approaching!

The NJ Anchor program is a state-run initiative that offers a range of benefits to homeowners and renters in New Jersey. This program is designed to provide financial assistance, counseling, and other resources to eligible individuals and families, with the aim of helping them achieve and maintain housing stability. Here are some of the benefits of the NJ Anchor program: Financial Assistance: One of the primary benefits of the NJ Anchor program is the financial assistance it provides. Eligible homeowners…

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What is CPI and why should I even care?

What is CPI and why should I even care?

Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. CPI is a widely used economic indicator that helps us understand the changes in the cost of living and inflation. One area where CPI has a significant impact is in the mortgage market. In this blog post, we will explore how CPI affects mortgage rates. Mortgage rates are the interest rates…

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Benefits of a VA Home Loan

Benefits of a VA Home Loan

If you are a veteran or a current member of the military, you may be eligible for a VA home loan. VA home loans offer several benefits that make them an attractive option for qualified borrowers. In this blog post, we will explore some of the benefits of a VA home loan and why it may be a good choice for you. One of the most significant benefits of a VA home loan is that no down payment is required….

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