Is Housing Slowing?

Are you thinking about purchasing a home, but media headlines have you wondering if we’re headed for the next housing bubble? https://JGraff.AdvisorsMortgage.com 732.500.6883 The media often looks at the reports to create the most eye-catching headlines, even if they don’t tell the real story.

For example, the Mortgage Bankers Association released their mortgage application data showing that mortgage applications to purchase a home fell 5% last week.

They assume the reason for this is a slowing housing market. Meanwhile, homes have appreciated by 14% over the last year due to more demand than available supply. This underscores the strength in the housing market.

The likely reasons for the drop in mortgage applications are because inventory is very low and because there is a significant increase in cash buyers. These cash buyers are not reflected in the mortgage application data because they do not need a mortgage.

It appears that the housing market is still on solid footing, but each individual situation is different. I have tools and resources that can help you make more informed decisions.

Contact me today to get started…

James H. Graff

732.500.6883

https://JGraff.AdvisorsMortgage.com

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Typical Closing Costs for Buyers HOME LOANS James Graff 732-500-6883 Fac...

Typical Closing Costs for Buyers - James H. Graff - 732.500.6883 https://JGraff.AdvisorsMortgage.com - Closing costs are fees buyers often pay related to the purchase of a home. Typical closing costs include things like: Mortgage Origination Fees or Loan Discount Points paid to a lender. Fees for any required survey, appraisal or inspection. An escrow deposit for Property Taxes, Private Mortgage Insurance (PMI) and Homeowners Insurance (HOI) A fee your lender may charge to run your Credit Report. A Title Search fee and a fee for Title Insurance. A Recording Fee payed to your city or county for them to record the new Land Records. Prorated Mortgage Interest (not "insurance") from the date of closing to your 1st mortgage payment. Closing costs can vary, so be sure to ask your lender for specifics. By law, lenders are required to provide a "Good Faith Estimate" of what closing costs will be within 3 days of when you apply for a loan... PLEASE NOTE: The "Good Faith Estimate" has been replaced by newer laws that now require an initial Loan Estimate (LE) and a final Closing Disclosure (CD). #closingcosts #buyingahome #buyingahouse #buyrealestate #buyahome #buyahouse #buyinghomes #creditreport #mrtgageoriginationfee #titlesearch #titleinsurance #mortgaeinsurance #escrow #escrowservices #survy #appraisal #homeinspection #recordingfee #homeownersinsurance #goodfaith #discountpoints #privatemortgageinsurance #HOI #PMI #closingdiscosure #loanestimate #mortgage #loans #mortgages #mortgagebroker #loan #insurance #realestate #property #finance https://958.prequalifyme.today for no SS#/hassle/obligation help FREE Real Estate tips: http://RealEstateWithAdvisorsJG.com FREE Guides: Home Buying-https://bit.ly/33UTW2K Home Selling-https://bit.ly/3mTvLuv FREE “INSTANT” HOME VALUE: http://HomeValuesWithAdvisorsJG.com PREQUALIFY for loan: https://bit.ly/2GuyvgQ APPLY for loan: https://bit.ly/2HH6cwi 732-500-6883 https://JGraff.AdvisorsMortgage.com/contact https://facebook.com/nmls1974758 FREE MORTGAGE CALCULATORS: https://JGraff.AdvisorsMortgage.com/calculators FREE current copy of my periodical eMag: "HOME LOANS NEWS": https://1drv.ms/u/s!Al3KFhVmz0hu8zVpDugzDgdYmOiv?e=RMwEP1 And FREE subscription for anyone interested in receiving it via email - just instant message me your email address - no hassle/obligation - cancel anytime - absolutely FREE! "I wrote the book on home loans...;o)" - James H. Graff FREE "beta/test" copy of my new 70+ page, pdf Ebook "HOME LOANS: LINKS to lots of FREE guides, tips, info, advice on virtually ALL current aspects of buying, selling and financing a home" FREE copy: https://1drv.ms/u/s!Al3KFhVmz0hu8zh4BHmqfOrEdO9U?e=2kbvT4 HOME LOANS James Graff NMLS# 1974758 Advisors Mortgage Group, L.L.C. NMLS# 33041 2899 Highway 35 North Hazlet N.J. 07730 In 34 states of The United States of America: AZ CA CO CN DE D.C. FL KS KY IL IN ME MD MA MI MN NJ NY NC OH OR PA RI SC SD TX VT VA WA WV Cash out refinance, debt consolidation, renovation loan, reverse mortgage, pre-qualify, pre-approval letter, FHA VA USDA HELOC HECM FNMA Fannie Mae FHLMC Freddie Mac... #mortgages #mortgage #marketupdate #refinance #homebuying #realestate #homeownership #advisors #marketupdates #homeloan #homeloans #debtconsolidate #realtor #realestateagent #agent #mortgagecalculator