The Real Estate Connection

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Services for Real Estate Pros - Eric J - Dream Home Financing
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RECENT BLOG POSTS
I have spoken to hundreds of customers who could use additional income. It seems that everyone (unless you are independently wealthy) would like to add to their income stream. Expenses (taxes, etc) are increasing faster than salaries. The government is also adding to the problem by attempting to ...
08/01/2010
Snooki from the Jersey Shore show was arrested in Seaside Heights. The photo below will give you an idea as to what her state of mind was like while the cops dragged her off of the beach for being intoxicated. She will sleep it off in a holding cell before she is released. Not only is this show e...
07/30/2010
If you are looking for a great deal on Hoboken condos for sale in a completely remodeled building, then your search may end here. There are 5 units remaining for sale in this 7 unit building in Hoboken. 4 of the remaining units have 1 bedroom and the 5th unit has three bedrooms. Prices start as l...
07/15/2010
This past weekend, my nieces were very excited about the hot weather in New Jersey. We were all at the beach and her four daughters were cheering for the thermometer to reach 100. I thought they were nuts (well they might be) and asked my sister why 100 degrees was such a big deal. She explained ...
07/07/2010
Bank of America recently announced that it will discontinue various mortgage programs after today. What you will NOT find at Bank Of America anymore are the following programs...   Conforming 40 yr 30 yr Fixed Rate Interest Only 15 yr IO, 6-month ARM 1 year ARM Flex 97 Interest Only 15 yr Fixed R...
05/14/2010
The Senate just voted to ban mortgage broker YSP (yield spread premiums) and stated income loans. Once again, we have another case of politicians activating their knee jerk reactions in areas where they lack expertise.  The argument about broker YSP is not a new one. It has been proven over and o...
05/13/2010
Super Jumbo Stated Income Mortgage Loan Programs may be available to you depending upon your scenario. I am now working with a lender who will originate Super Jumbo Stated Income Mortgage Loans in NJ NY CT and FL. The program is available as an ARM product only ranging from a 3/1 ARM all the way ...
05/10/2010
Keep your eyes open for this new Fannie requirement.    Beginning June 1, lenders originating mortgages being sold to Fannie Mae will have to pull a second credit report just before the loan closes. The new quality control requirement is designed to prevent a type of mortgage fraud called "shotgu...
05/07/2010
Home staging rebate reduces costs in Staten Island  ($250 !!!) If you are selling your home in Staten Island, you now have an opportunity to take advantage of a special rebate and reduce your home staging costs. In addition, you also have an opportunity to get a great rate on your new purchase. ...
04/24/2010
Home staging rebate reduces costs in Atlantic County  ($250 !!!) If you are selling your home in Atlantic County New Jersey, you now have an opportunity to take advantage of a special rebate and reduce your home staging costs. In addition, you also have an opportunity to get a great rate on your...
04/18/2010
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Eric J

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