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Financing in Hunterdon County : Real Estate Advice

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  • Local Info6
  • Home Buying6
  • Home Selling0
  • Market Conditions1

Activity 12
Fri Aug 28, 2015
Amelia Robinette answered:
Melanie - definitely talk to a lender with deep experience with 203k loans. They do not take "months to approve" in many cases. You'll need to have a contractor lined up who can work with the 203k guidelines, best to get one who has done it before. Your loan officer may be able to point you in the direction of one or two they've worked with before.

Talk to a lender ASAP if you're concerned about losing the opportunity.

Best of luck!
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Mon Jan 13, 2014
Donnafisher7777 answered:
Is it extremely difficult to get a loan on disability? Also, is there online applications for first yime buyer assistance and down payment? Does payments exceed est. monthly payment or is all included.I only have so much to work with and couldn't handle much hidden cost.Thanks ... more
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Sat Jan 21, 2012
Annette Levinson answered:
If you have filed your income taxes for '09 and '10 they are being stupid. You can get a certified translation of your pay stubs and employment contract. It just takes a little more work to verify your employment.
Are you looking for a rate term or cahs out refinance?
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Wed Sep 8, 2010
Sexiwomyn@aol.com asked:
Concerning a baloon mortgage at FNB with 3 people listed on mortgage can changes be made or one take the other off without all 3 in agreement or @ leas tnotification to the other parties.…
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Wed Sep 8, 2010
Sexiwomyn@aol.com asked:
Concerning a balloon mortgage at FNB with 3 people listed on mortgage can changes be made or one take the other off without all 3 in agreement or @ leas notification to the other parties.…
0 votes 0 Answers Share Flag
Wed Sep 8, 2010
Sexiwomyn@aol.com asked:
Wed Sep 8, 2010
Sexiwomyn@aol.com asked:
Concerning a baloon mortgage at FNB with 3 people listed on mortgage can changes be made or one take the other off without all 3 in agreement or @ leas tnotification to the other parties.…
0 votes 0 Answers Share Flag
Sun May 16, 2010
Susan DeHaven answered:
Princeton Mortgage, call Bob Hart, 908-217-6905
0 votes 4 answers Share Flag
Tue Mar 23, 2010
Nknkn answered:
You are all incorrect. There is no mortgagee letter statting concessions are to be reduced to 3%. Per HUD:
This change will be posted in the Federal Register in February, and after a notice and comment period, would go into effect in the early summer ... more
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Wed Mar 17, 2010
Lew Corcoran answered:
The time it takes for a commitment depends on you, your income and assets, and your credit, as well as the lender / broker and the underwriter. There's no hard and fast rule as each file is different, and each has to be weighed on their merits. Some can take just a few days after submission of all documents, while others can take weeks.

Basically, the cleaner the file (i.e., great credit, lower debt-to-income ratios, higher down payments, and everything documented, it can take just a few days.

However, the worse the credit scores, the higher the debt-to-income ratios, the lower the down payment, and the more items that require explanations and/or need resolution, then it can take well over a week if not 2 or 3 or more.
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Fri Jul 17, 2009
William Leigh Holt answered:
Hetal:
I think you are looking at this through the wrong end of the telescope, so to speak. In New Jersey, the standard NJ Association of Realtors contract (and therefore almost any other contract as well) contains a standard clause that says, simply put, no mortgage, no deal. Since the terms of the mortgage that you seek is spelled out, the seller should not be able to insist that you add a cent more to your down payment to make up any appraisal shortfall. Some tricky sellers and their attorneys are attempting to put language in the contract to the effect that you will indeed do this very thing, so it is wise to have your own experienced real estate practicing attorney review the contract document. In New Jersey, you have a three-day attorney review AFTER you sign a contract. The attorney can REJECT the deal and state what would be acceptable, so you would have good protection IF YOU USE AN ATTORNEY. The terms about the down payment and the mortgage amount are just another reason why you should so. ... more
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Fri Mar 13, 2009
Wayne F. Smith answered:
Neil,

Did everything work out for you? On March 18th between 4-8pm at my Weidel New Hope office we are hosting an evening of having buyers sit down with loan officers of Princeton Mortgage to get free credit reports as well as pre-approvals in anticipation of our March 22nd "RED HOT SALE".
The RED HOT SALE covers many counties and price ranges of homes where the sellers are offering short term buyer incentives. You can call me to reserve a time slot if your still "in the market" so to speak. There is no cost to you and there is no obligation. BTW check out page 8 of the March 12 th Beacon.
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