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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
LLPAs/Add-ons Significant increases!For Conventional Mortgages there have been Loan Level Price adjustments since 2008. Simply put- not everyone gets the same rate with these adjustors adding price for risk.While there has always been some minor adjustments to the LLPAs each year this is the bigg...
02/01/2023
Down payment assistance, for everyone?? Well, maybe not for everyone but darn close.At Homebridge we have a new program that can help buyers that are tight on cash and provide them either 3.5% or 5% down payment assistance. There is the possibility the DPA can be forgiven after 5 years of on time...
01/13/2023
 Now & LaterI’m sure you’ve heard variations on the theme: Marry the house, date the mortgage…. Well, we have a Program for that - Our Now & Later program (not the candy!!). When your clients buy and finance a home with me and close by April 1, 2023 we will give them a $1,500 coupon towards their...
12/06/2022
 Buydowns: Don’t get caught up in the Hype. Buydowns are NOT the greatest thing since sliced bread. They aren’t new, in fact they are an ancient tool we put at the bottom of the toolbox 30yrs ago because it doesn’t work as well as others at our disposal.   Here’s why: In today’s world a seller MU...
11/09/2022
The Sky is NOT falling, and the bubble is not going to pop.I have seen so much doom and gloom in the Real Estate world, and a lot of it is in the Mainstream Media.. Nothing sells better than a negative headline, and unfortunately news is a business that sells advertising.So, are housing prices fa...
10/14/2022
 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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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!