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Financing in Marlboro : Real Estate Advice

  • All58
  • Local Info7
  • Home Buying23
  • Home Selling6
  • Market Conditions1

Activity 7
Tue Apr 19, 2011
Camille Marotta answered:
A mortgage pre-approval is given from the potential lender (at no cost to you) so that the realtor may present an offer to purchase on a property on your behalf. Normally when an offer is written up there is a regular check in the amount of $1000 given with the offer and the pre-approval letter from the lender.

Lenders cannot charge any fees upfront for pre-approval letters or application fees. Once you have made application with your lender of choice you will be given a good faith estimate of charges which will show the application fee and any other related cost to you in order to close the transaction.

Normally you give the realtor an initial deposit and then give them a second deposit after your inspections are done and you are out of attorney review.

if your offer is not accepted then you check will be returned.

Camille Marotta GMI Home Loans, LLC 732-837-1102
Sr. Mortgage Originator
... more
1 vote 8 answers Share Flag
Wed Sep 15, 2010
If it's not showing up on your credit report you might be able to not pay it, however if it is, then simply paying will resolve this problem, as long as your credit score didn';t take a big hit.

Elena Ollick
Amerivest Realty
Faith Home Loans
... more
0 votes 6 answers Share Flag
Sun Aug 22, 2010
Scott Wynn answered:
There are some conventional mortgage insurance companies that offered a free job loss policy as part of your PMI on your mortgage.

Check with the mortgage company you make payments to and see if they can check and see if you have this coverage. ... more
0 votes 2 answers Share Flag
Sun Aug 15, 2010
Deborah Madey answered:
Did you find a loan officer to help you with this? If you need the names of some local great loan officers, I will be glad to help.
0 votes 3 answers Share Flag
Fri May 14, 2010
Jerry Barker answered:
The ONLY way to get preapproved is to contact a mortgage broker, or mortgage banker, you can compare interest rates on mortgages in New Jersey at

It may be possible for your wife to go at it alone if your pulling down the situation with your bad credit. ... more
0 votes 5 answers Share Flag
Mon Jan 14, 2008
John Leston answered:
I am a Private Mortgage Banker in Monmouth County. When looking for a pre-approval, there are no fees associated with that process. Once you find a home and have a signed contract that has come out of attorney review, you may have to pay for an appraisal, depending on the institution. Feel free to contact me at ... more
0 votes 8 answers Share Flag
Wed Jan 9, 2008
Rafi Footerman answered:
If you are looking for a good lawyer or Realtor in the Parlin area, I know many. I don't make money for referrals, just my inspections.

Rafi Footerman
Mid Jersey Inspections
NJ Home Inspector Lic. #076900
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0 votes 3 answers Share Flag
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Financing in Marlboro Zip Codes