Northern NJ Real Estate

   Many anxious buyers have been sitting on the sidelines waiting for the time to finally make their move. Four factors are making that time now.First , sellers are realizing that proper positioning allows buyers to see value. They understand they need to list at realistic prices to stand out from the high level of current home inventory ...

As of January 1st, HUD will allow a reverse mortgage to be used as a means to purchase a home. The qualifications are similar to a conventional reverse mortgage in some ways (must be the primary residence, must be over 62, for instance) but also has some differences. For more information you can read HUD Mortgagee Letter 2008-33 or go to their ...

U.S. Congress in 1933 to help maintain public confidence in the nation's financial system. Sovereign has been FDIC-insured since March 10, 1938. FDIC deposit insurance is backed by the full faith and credit of the United States government. There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is ...

Washington, DC – (November 7, 2008 ) – National Reverse Mortgage Lenders Association announced that the U.S. Department of Housing and Urban Development (HUD) formally adopted a new single national loan limit of $417,000 for federally insured reverse mortgages and lowered the fees that lenders can charge yesterday. These critical ...

Federal Housing Administration (FHA) will require a higher down payment percentage after January 1, 2009. FHA, Fannie Mae and Freddie Mac mortgage loan limits will drop after January 1, 2009. First-time home buyers can only take advantage of a $7,500 tax credit until July 1, 2009.

Questions People Ask   What is condo living? Is Condo a style, a type of ownership, a way of life? What do I own? What is included with the maintenance fee? Do some condos come without maintenance fees? What about townhouses; are townhouses different from condos? These and many more questions are constantly asked about condos and ...

October is National Fire Prevention Month, which makes it an opportune time to review fire safety and prevention in your home. According to Meri-K Appy, president of the Home Safety Council, the time it takes to prevent fires is time well spent. In fact, Appy points out that purchasing only a few items can make all the difference in keeping every ...

According to the National Association of Realtors' (NAR) annual "Cost vs. Value Report," the bathroom is one of the most important features potential buyers look for in a home. What's more, NAR's 2007 report shows that a bathroom remodel recouped 93.2 percent of the initial cost upon selling the ...

According to Forbes magazine, second-home buyers can pick up a real deal these days. Interest rates are low, prices are affordable and there are plenty of available homes to choose from. According to the National Association of Realtors (NAR), many consumers are taking advantage of the current buyer's market. In 2007, the combined total of ...

If full retirement is unappealing or isn't financially feasible, perhaps a phased retirement is right for you. The passage of the Pension Protection Act of 2006 made it possible for employers to pay pension benefits to employees age 62 and older who are covered under a defined-benefit pension plan, even if they continue to work. Typically, ...