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Mortgage and Lending - HomeBridge Financial Services (NJ) - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
RECENT BLOG POSTS
 I hate to be the bearer of bad news, but better to be informed.  In the past month we have seen one of the fastest moves up in mortgage rates I can remember.  This upward trend reignited in early August and built steam from there.The past two weeks in the credit markets have been, for lack of a ...
09/28/2022
 Interest rates have been climbing rapidly again in the past month and a half.  This summer we had rates fairly stable and actually settling down a bit as we entered August and that's when we saw the most recent climb.Mortgage New Daily does a daily rate survey and has the average 30yr fixed rate...
09/20/2022
NEW CONFORMING LIMIT ANNOUNCEMENT With prices continuing to climb for residential Real Estate, it is no surprise to see another increase in the conforming limit.  We are up a little more than 10% from last years limit with a Maximum loan amount for a single family conforming loan now at $715,000 ...
09/13/2022
 With the latest Fannie announcement today (SEL-2022-08) we have new acceptable sources for gifts:Assets and verification of assets  has always been Strict on Mortgages. FNMA has made Gift giving a little easier with this latest update. FNMA now has 3 categories of donors: Relative Unmarried Part...
09/07/2022
Buyer Fatigue: Our buyers have not had it easy in this market and they are tired. We need to keep them engaged and optimistic. (I think we may even have some agent Fatigue as well?) While inventory is not great, it is improving.  Bidding wars still exist but not to the extent they were last year....
08/30/2022
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Not Human Arms, but Adjustable Rate Mortgages, ARMs for short.(Because everything in the mortgage world is an acronym)With the uptick in interest rates this year we have had numerous inquiries about Adjustable Rate Mortgages.. but we have really not been using them for our traditional buyers at a...
08/19/2022
Rates, Inflation, etc… Interest rates settled down a little in the past week or so, if you were to put it on a graph it would look flat for August with a “good” client seeing rates in the mid 5s. Just this week CPI was reported as Flat – effectively inflation at the consumer level did not increas...
08/11/2022
 Personal Time:  Our business can be a huge mental drain. Make sure you have something outside of work to shut work off and have it on your schedule as an appointment. If you do not, you will burn out. For me #1 is sailing and a close second is wood working. “Me Time” is important for your mental...
07/28/2022
 Product Spotlight:  Our Simple Access Cash Flow program is here to help your investors! With skyrocketing rents, it is very likely that investors can buy homes with positive cashflow and our investor program will ONLY look at the PITI verses the market rent…  If the property carries itself that ...
07/06/2022
  Product Spotlight:  Have you had any difficult to qualify clients? Our Simple Access program is here to help! This program will help Self Employed buyers qualify allowing us to use: 12-24 Months of bank statements to show cash flow instead of tax returns. 1099s only Investment property, Cashflo...
06/23/2022
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Robert Rauf

local_phone732-908-4868
smartphone732-740-0175
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The mortgage market is ever changing, do not be afraid to ask what is new!