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Home Buying in Hammonton : Real Estate Advice

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  • Home Buying6
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Activity 5
Tue Jul 12, 2016
Scott Godzyk answered:
You should start by meeting with a local and trusted loan officer who can pre qualify you and let you know what type of mortgages may be available, FHA is only 3/5 % down, conventional loan are 5% and VA and USDA are no money down. ... more
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Tue Aug 19, 2014
Noah Seidenberg answered:
Get a credit report, some are given free from the 3 different credit companies, TransUnion, Experian and Equifax. Take a good look at these reports and try to pay the late debts you have on there of call the ones that are already taken care of and your score will get better.
A good lender can help you too.
... more
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Thu Sep 19, 2013
Josh Barnett answered:
Don't ask them "who let the cat out of the bag."
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Tue May 1, 2012
Laura Giannotta answered:
Contact the construction office in Hammonton, the Blue Berry Capital of the World at 609-567-4300, the zoning board secretary is extension 110.
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Tue May 1, 2012
Robert Bruckner answered:
Interest rates are low on mortgages. Home buying is usually a great investment, as was your education. The answer to your question involves a thorough understanding of your current financial situation, your projected income and the property you need vs. want to purchase. The question you have is really as follows: "Do I pay aggressively pay off my student loans and reduce my down payment and my buying power or do I keep my student loans and apply what I use the money that I have towards a larger downpayment so that I can purchase a bigger or better house."

My suggestion is to speak with an accountant, financial planner or close family member or friend. Do a monthly budget and plan out how you will pay back your student loans if you buy the more expensive home. If you can leverage the debt, you might be able to afford that more expensive home with the larger down payment. If you can't, you might have to look at other options. You also need to take into account other expenses that may come up. Are you prepared for the unexpected? How stable is your employment? Finding a property that is perfect for home buyers has a lot to do with working within safe financial waters.

You should consider that you can have your cake and eat it too if you strike the right balance. A great realtor and a good financial advisor or accountant, maybe even a family friend can help you strike the right balance. If I can be of assistance with real estate or mortgage advice, please contact me at (973) 901-1900 or RBruckner31@gmail.com.

Robert Bruckner, Broker-Sales Associate
Coldwell Banker Residential Brokerage
... more
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