All American Mortgage, Inc.
#MortgageTips #TipsTuesday Get a thorough Pre-approvalNot only do sellers often prefer buyers who come preapproved by a lender, making their offers more attractive, but a preapproved mortgage also can help you avoid any hiccups down the line.With a real preapproval, a mortgage broker or bank loan officer will pull your credit report and submit supporting documentation to their automated underwriting system. This allows the bank to give you more accurate terms based on your actual credit score, debt obligations and income, instead of relying on your estimates. It also puts you ahead of the process when you finally go into contract and could help you close faster.
#BergenCounty #NewJersey #Mortgage #Realtor
1F4B4275-1C8F-4273-923B-F653FD2492D7We are forever grateful to have you all in our lives! "Thanksgiving is a time to gather around loved ones ...to be grateful for all that we have been so abundantly blessed with and also to spare a thought for those not so lucky. It is a season of bountifulness and a reason to share the same ....true Thanksgiving is in actually doing that - Giving !!!" #TGIF No matter what always keep your bank accounts safe cause you will need it for your credit scores!
And your health too... Rather than that ENJOY!
Congratulations to our Senior Loan Officer Brian Viasso, on being chosen as a 2015 Five Star Mortgage Professional from New Jersey Monthly Magazine!He scored in the top 2% for client satisfaction out of all the mortgage loan officers in New Jersey! We applaud him from the bottom of our hearts and celebrating his success with you all!
#mortage #bestloanofficer Christmas brings family and friends together. It helps us appreciate the love in our lives we often take for granted. May the true meaning of the holiday season fill your heart and home with many blessings.
#merrychristmas #MortgageNews For years now, if you didn't have near perfect credit and a hefty 20% down payment, chances were slim that lenders would give you a mortgage.But that's all about to change.That's because Fannie Mae and Freddie Mac, the two government-backed mortgage giants that backstop a majority of all mortgages, have put new lending guidelines in place that should make it easier for borrowers to secure loans.
Not only are the two
agencies lowering downpayment requirements and making it easier for loans to be classified as qualified mortgages, but more importantly, they have clarified when lenders will be on the hook if borrowers default. #mortgage #paramus #bergencounty #MondayNews - With Fall Comes Falling RatesIn the 3rd quarter, housing activity was as slow as the dog days of summer. But in October, the autumn air came and with it brought the lowest home loan rates in over a year, according to Freddie Mac.A market-wide Stock selloff resulted in relief for the Bond market. And since home loan rates are tied to Mortgage Bonds (also called Mortgage Backed Securities), this prompted more activity in the housing market than in recent memory. Early figures from the Mortgage Bankers Association reported that home loan applications rose week over week early on in the 4th quarter, with refinances accounting for the majority of the activity. Despite this, refinances were still down by almost 30 percent during the same period one year ago.Higher home prices were largely blamed for deterring first-time homebuyers from purchasing during the usually busy summer months. On the other hand, higher prices and values led to an inverse benefit for current homeowners, who were previously unable to refinance due to insufficient home equity on capped loan limits.Home builders also remain positive about the housing market, according to the National Association of Home Builders Housing Market Index. Though builder sentiment dipped in October after rising for four straight months from June through September, the NAHB chairman stated that this was in line with the gradual pace of the housing recovery.
#mortgage #paramus #bergencounty #newjersey#ThursdayNews
Mortgage Aplications Rise as Purchase Activity Soars Mortgage application volume increased for the first time in a month last week driven by more purchase activity.The Mortgage Bankers Association's market composite index was up 4.9% for the period ending Nov. 14, which included an adjustment for Veterans Day. The week before, loan application volume declined 0.9% on a seasonally adjusted basis.The refinance gauge increased 1% week over week, while the purchase index rose 12% reaching its highest level since July, the Washington-based trade group said.
#mortgage #paramus #newjersey #bergencounty
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