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Financing in Ewing : Real Estate Advice

  • All40
  • Local Info5
  • Home Buying12
  • Home Selling3
  • Market Conditions1

Activity 3
Diann Tyler, Real Estate Pro in Philadelphia, PA
Mon Apr 13, 2015
Diann Tyler answered:
Perhaps what to consider while applying for a mortgage in person especially in the New Jersey area is the interest rates. You either shop around for the interest rates or give that job to your mortgage broker only because this is where it can get expensive. The interest rates are higher when applying in person but can be worthwhile if the broker takes the extra time to shop around.

My website wrote a blog pertaining to applying for a online mortgage vs. in-person. What are the benefits or drawbacks. Each process has their own pros and cons. I would love for your input if my blog gave you a better insight on choosing to apply for a mortgage online or in-person.
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Robert Hart,  in Princeton, NJ
Thu Jan 2, 2014
Robert Hart answered:
If you are considering a 3 family I do not believe USDA is an option regardless of location. The only other option would be VA. FHA is 3.5 down and seller can pay closing costs. FHA would allow for income from property to help qualify for loan. Mortgage insurance costs are higher on an FHA loan, however it may offset rate difference in conventional.

If yo have any questions, please call me Bob Hart at PNC Mortgage MLS # 138365 at 908 217 6905 for correct information. No obligation.
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Shalu Thaman, Real Estate Pro in Princeton, NJ
Wed May 29, 2013
Shalu Thaman answered:
Utilization differences , bring differences in formulas applied to approve financing by lenders.

As an owner, benefits are rental income from multiple tenants & some tax write offs ( check with an accountant).
Responsibilities include property management & associated maintenance costs.

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