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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#realtor #data #media #help #housing #loan #loans #realestate #mortgages #mortgage

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 PLEASE NOTE: The "Good Faith Estimate" has been replaced by newer laws that now require an initial Loan Estimate (LE) and a final Closing Disclosure (CD).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

How to Choose the Right Lender

How to Choose the Right Lender     

https://JGraff.AdvisorsMortgage.com

Choose your lender carefully. Look for financial stability and a reputation for customer satisfaction.

 

Be sure to choose a company that gives helpful advice and that makes you feel comfortable. 

 

A lender that has the authority to approve and process your loan locally is preferable since it'll be easier for you to monitor the status of your application and ask questions.

 

It's also beneficial when the lender knows home values and conditions in the local area. 

 

Do your research and ask family friends or your realtor.

About the Fair Credit Reporting Act & Your Rights

About the Fair Credit Reporting Act (Get in touch, for mortgage help or rate quotes: https:JGraff.AdvisorsMortgage.com) Your credit history is an important factor that's taken into consideration when you apply for a mortgage. So making sure the information in your credit report is accurate is essential. Here is a summary of your rights under the fair credit reporting act: You must be told if information in your file has been used against you to deny your application for credit. You have the right to know what is in your file. You have the right to ask for your credit score. You have the right to dispute incomplete or inaccurate information and consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information. In most cases a consumer reporting agency may not report negative information that is more than 7 years old or bankruptcies that are more than 10 years old. You must give your consent for reports to be provided to employers. Identity theft victims and active duty military personnel have additional rights. For more information visit https://www.ftc.gov/credit #faircreditreportingact #credit #creditscore #creditrepair #creditreport #credittips #mortgage #mortgages #loan #loans #identitytheft #identitytheftprevention #activeduty #creditconsultant #creditrights

About the Fair Credit Reporting Act & Your Rights

About the Fair Credit Reporting Act (Get in touch, for mortgage help or rate quotes: https:JGraff.AdvisorsMortgage.com) Your credit history is an important factor that's taken into consideration when you apply for a mortgage. So making sure the information in your credit report is accurate is essential. Here is a summary of your rights under the fair credit reporting act:

You must be told if information in your file has been used against you to deny your application for credit.

You have the right to know what is in your file. You have the right to ask for your credit score.

You have the right to dispute incomplete or inaccurate information and consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.

In most cases a consumer reporting agency may not report negative information that is more than 7 years old or bankruptcies that are more than 10 years old.

You must give your consent for reports to be provided to employers.

Identity theft victims and active duty military personnel have additional rights.

For more information visit

www.ftc.gov/credit

#faircreditreportingact #credit #creditscore #creditrepair #creditreport #credittips #mortgage #mortgages #loan #loans #identitytheft #identitytheftprevention #activeduty #creditconsultant #creditrights

Best Ways to Build Your Down Payment

The Best Ways to Build a Down Payment 732.500.6883 JGraff.AdvisorsMortgage.com One of the biggest hurdles for many prospective home buyers is finding a way to accumulate enough money for a down payment. Here are some suggestions on ways to raise the funds that you'll need: Start by minimizing nonessential expenditures and get in the habit of paying with cash and not buying things you can't pay for immediately. Talk to your parents or relatives. They may be willing to make a private loan to you or they may be willing to cosign on a mortgage. If you have a whole life insurance policy, you can look into borrowing against its cash value. If you own other real estate, you could borrow against your equity. Consider selling personal items such as a second car or boat. Consider having an amount withheld from your paycheck and direct deposited into a savings account. Pay down high interest credit cards and limit your credit card use. With some discipline and creative strategies you will be well on your way to saving enough for a down payment. Please feel free to contact me to discuss: 732.500.6883 Or get started with a personalized rate quote: JGraff.AdvisorsMortgage.com

What is a VA loan?

A V.A. loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs and issued by approved lenders. https://JGraff.AdvisorsMortgage.com VA loans help veterans, active duty military members and their families purchase homes or refinance their mortgages. In order to obtain a VA loan, you must have: - suitable credit, - sufficient income and - a valid certificate of eligibility (C.O.E.). The home you are purchasing must be for your own personal occupancy but VA home loans can be used to build a home, buy a home or condominium unit in a VA approved project, buy a manufactured home or lot, simultaneously purchase and improve a home, or to improve a home by making energy efficient improvements. In order to be eligible, you must have been discharged under conditions other than dishonorable and meet qualification requirements which can be obtained from the VA. The spouse of a veteran can also apply for a VA home loan under certain conditions. To know if you meet the requirements for a VA loan contact the U.S. Department of Veterans Affairs. Please always feel free to call and discuss anytime: 732.500.6883 Or contact me, find out more, get rate quotes and other mortgage help through our website: https://JGraff.AdvisorsMortgage.com #valoan #valoans #veteransaffairsloan #veteranaffairsloans #certificateofeligibility #coe #usdepartmentofveteranaffairs #veteran #veterans #activeduty #activedutyilitary #discharged #energyimprovements #manufacturedhome #approvedlenders #credit #income #mortgage #mortgages 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