Financing in Toms River : Questions & Answers

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Ray Stevens, Real Estate Pro in Naples, FL
Ray Stevens answered:
Moving to Toms River NJ from OK. Selling home in OK will have funds for home in NJ. Can I get a loan without employment when I arrive?
The ability to repay a loan is the most important aspect of a mortgage application. No lender will lend you money if you currently don't have a means to repay the loan.

If you have ... more
0 votes Share Flag Tue Jul 15, 2014 Financing in Toms River
Ronnie Glomb…, Real Estate Pro in Whippany, NJ
Ronnie Glomb - Broker answered:
If I buy a home, then rent it out in 1 yr, would I also be able to get a mortage for a home to live in?
Hi The answer is YES! If you live in the house for one year then start renting it out you will satisfy the occupancy requirements from most lenders. When you go buy your next house as l ... more
0 votes Share Flag Fri Sep 26, 2008 Financing in Toms River
Bill Turano, Real Estate Pro in Select Mortgage 1715...
Bill Turano answered:
I am currently looking to refinance with cashout along with getting a lower interest rate which is now 6.125
It is not worth doing for the rate alone. So, it depends how much cash are you taking.

Also, you must factor in how many years are left on your present mortgage. For example, if y ... more
1 vote Share Flag Sun Nov 18, 2007 Financing in 08755
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