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 …

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 …

As Morris County Mortgage Rates Hold Steady, Diligence Pays

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

Mortgage rates in Morris County remained mostly steady this past month, at least partially due to the predictable July-August doldrum effect. When the summertime vacation schedules of Washington and Manhattan movers and shakers presages a slowdown in activity and economic reports, there is simply less going on that might affect the rate meter—in either direction. Summertime can also mark the …

Morris County Mortgage Rates Point to Encouraging Future

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

Last week, following the Fed’s hike in the rates they charge banks, you might expect a matching rise in mortgage rates for Morris County home buyers and refi applicants. If the experts are right, that’s far from a done deal. The Washington Post headline said it all: “Mortgage rates move slightly higher but could be headed back down again.” Mortgage …

Smart Positioning in the Quest for Morris County Homes for Sale

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers

Not everyone who is looking at the homes for sale in Morris County needs to come up with a winner right away. If their own house has just been listed, they may reasonably estimate that it will be some months before the moving vans need to be summoned. Or they may be contemplating a move only if they happen across …

Morris County Mortgage Interest Rates: Another Surprise

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

It usually takes at least some digging to come up with relevant news for Morris County real estate watchers. Last week provided an exception. The boldest headlines, cable TV info crawls, and email announcements dealt with the unexpected move in mortgage interest rates. The welcome news for Morris County home sellers and prospective buyers came with Freddie Mac’s midweek announcement …

Experts Startled by Early U.S. New House Sales Increase

themenardgroup Buying, Morris county, North Jersey, Downsizing, Investment property, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Listing agent, Luxury, Luxury Homes, Luxury Buyers, Selling

Morris County house sales do usually respond in the seasonal pattern that is familiar in most other areas. Spring and summer lead the way for weather-related, financial, school scheduling and other family-related reasons. From now into well past July (and sometimes even August), house sales activity can be counted on to peak. Those are the normal expectations. But when any …

Growing Confidence Affects Morris County Real Estate Scene

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

The attachment we build to the places where we live is an easy-to-understand human emotion. Almost everyone who has ever moved away from a family home has experienced a sense of loss that can be quite profound. But that’s only one of the emotional connections that come into play where real estate is involved. Even though we tend to think …

Morris County Housing Market Gels with Empty Nester Plans

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Downsizing, Marketing, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Time Magazine ended last week with a commentary that could foreshadow how this year’s Morris County housing market might differ from years past. Author Bill Saporito identified a mismatch in the housing market that could bode well for empty nesters. Whether or not the implications will be a perfect fit for our Morris County housing outlook, the “Big Picture” assessment …

Mortgage Rates Fell. No, they Rose. No, they…

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Keeping an eye on Morris County mortgage rates is a useful pastime for anyone who tracks local home sales because of the immediate effect they have on affordability. It can’t get much more immediate than the “projected monthly payment” numbers that calculators come up with alongside an online listing. Those instant calculations include tax and insurance estimates, but those change …