Reports Say Lenders are Relaxing Home Loan Requirements

themenardgroup Uncategorized, Buying, North Jersey, Mortgage rates, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, mortgage

Morris County readers who perused The Washington Post’s “Real Estate” section recently found a most encouraging piece of information—particularly if they were among many the younger and first-time home seekers who worry about qualifying for a home loan. And by the article’s finale, there was even one conclusion that sober-minded observers might decide had exceeded simple optimism… The headline article— …

Common Sense Might Not Shape Future Morris County Home Sales

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Downsizing, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Listing agent, Luxury, Luxury Homes, Multi-family, Luxury Buyers, mortgage

Many Morris County homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense …

5 Reasons for Buying Your Morris County Home Now

themenardgroup Uncategorized, Buying, Morris county, Mortgage rates, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers

There’s no challenging that ancient fable about the boy who cried wolf—which boils down to a simple story about why false alarms turn into more than minor irritants when a real wolf shows up. I can’t think of a comparable fable for the opposite situation, which is when an opportune circumstance has been ballyhooed so often that a surefire opportunity …

Beyond the “Must-Do” Tip for Morris County First-Time Homebuyers

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes

Last week’s “Moneywatch” article on CBSNews.com was a surefire attention grabber. It promised to reveal a single “must do” tip for first-time homebuyers. The main point covered familiar ground—but within the supporting information were some facts that could nudge some Morris County renters into becoming first-time homebuyers. Although the headlined “Don’t Buy a Home Without Doing This First” tip was …

Morris County Real Estate: Scoping a Clearer Picture for 2018

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, Selling

It’s irresistible: peering into the new year, trying to guess what the Morris County real estate landscape will look like in the coming 365 days. At the close of an outstanding 2017, although it’s always a little foolish to assume too much about details in a world that changes as rapidly as ours does, I think there are some more-probable-than-not …

Applying for Morris County Mortgages: One Underlying Factor

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers, mortgage refinance

Every mortgage lender develops their own unique guidelines for evaluating the factors contained in a home loan application. These may change from time to time so that their portfolios stay “balanced”—that is, so that the cumulative risk represented by the entire batch of home loans do not exceed the level of risk they wish to assume. Potential Morris County mortgage …

Morris County Refi Warriors Take the Initiative

Noelle Paclawskyj Uncategorized, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Renovations, Luxury, Luxury Homes, home improvement, mortgage refinance

Back when Morris County mortgage interest rates plummeted by 46% in less than four years, it precipitated a sort of refi tsunami. The volume of Morris County refinancings was nothing short of enormous. For the first time in a long time, the benefit for homeowners who could lower their Morris County mortgage interest payments had become all but irresistible to …

Morris County Mortgage Rates Echo Another 2017 Low

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Second home, Luxury, Luxury Homes, Luxury Buyers

A couple of weeks back, the ultimate authority on Morris County mortgage rates hadn’t minced words. That was Freddie Mac, whose opinion about mortgage rates constitutes the final say in the matter. Freddie isn’t modest about its preeminence (Freddie’s trademarked corporate slogan is “We make home possible”). Together with sibling Fannie Mae, the quasi-governmental entities stand behind 60% of U.S. …

Financial Guru’s Advice Yields 4 Morris County Home Buying Steps

themenardgroup Uncategorized, Buying, Morris county, Investment property, Mortgage rates, Mountain Lakes, Second home, Vacation property, Luxury, Luxury Homes, Multi-family, Luxury Buyers

What a simpler world it would be if Morris County home buying could be reduced to anything like a simple 4-Step process. Even better if those were four easy steps. Actually, without actually coming out and saying so, that’s the tantalizing prospect hinted at on radio financial guru Dave Ramsey’s web site’s “Home Buying Process Made Easy.” Ramsey is the …

Pricing Your Morris County Home: in Search of Perfection

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Luxury, Luxury Homes

Figuring out the perfect pricing for any Morris County home for sale would be easier if there were a way to confirm past instances that hit that mark precisely. But that can’t be done. It’s the nature of the beast: it’s simply not possible. Even if a comparable Morris County home’s asking price resulted in being sold immediately at that …