No Cost Purchase
Updated Oct. 9, 2013
Please contact me regarding my"No Cost Purchase and Refinance" program. You could save thousands. I can calculate for you before you formally apply. call for details.

Short Sales
Updated Oct. 9, 2013
Short Sales take patience. You must go through the qualifying process sometimes to no avail. But don't fret if one home does come through another one will. I can keep you qualified through the wait. I will do all I can to help the bank like you as a buyer.www.jimbrownmortgage.com  contact me here or call my cell...

First time Buyers-Grant Program
Updated Oct. 9, 2013
A new program to help first time buyers qualify for a grant to help purchase. Contact Jim Brown fordetails to help you get set up to qualify.  Call Jim Brown 732-245-5121

Get Qualified to purchase
Updated Oct. 9, 2013
Getting qualified to purchase is no easy chore these days. Preparation is the key. Being prepared for what's ahead in the process will get you to closing faster and with minimum effort. It's as simple as first having your credit checked online on your own. Know before you meet your loan officer what issues...

Lender Paid Concession May Help With Closing Costs
Updated Oct. 24, 2014
When shopping for interest rates on fixed loan products ask your lender about a "Lender paid concession". Like a seller concession where the sellers agree to help a buyer with closing costs by incorporating a fixed dollar amount to help the buyer out, a Lender concession is additional help. With the Lender...

Loan Officers Must Educate This Time Around
Updated Oct. 9, 2013
Loan officers must educate the consumer this time around. Education is not only about what rate am I getting, it is how do I end up with this rate. Questions and answers of how do I get to my rate and what determines that rate, There are many new adjustments that come into play. Credit scores, loan to values, and what is...

So What's Up with That Appraiser?, What's He Looking At
Updated Oct. 9, 2013
Appraisals for first mortgage refinances require a full appraisal including a walk through inside the home. A good appraiser will note recent improvements and further note in comparison to other homes. Square footage is also important, again must line up with comparables. Quality workmanship and quality of...

Sellers Need to Rethink Turning down First offer..they may regret it...
Updated Oct. 24, 2014
Home Sellers must consider where home values were and where they are going. Home sellers need to consider the idea of turning away a buyer for five to ten thousand dollars. Another buyer may not come so easy and even if it comes 15 days later you still will be making 3 more mortgage payments. If those mortgage payments...

Better to Hold off on that New Construction or Minor Overhaul
Updated Oct. 9, 2013
Unfinished or homes under construction even if a simple remodel of the kitchen or bathroom will delay the approval and closing of your refinance. Final inspections by the appraiser who did initial inspection will have to be called to acknowledge that work is done. So if you are getting ready to tear things up...

WHAT'S UP WITH THESE BUYERS
Updated Oct. 9, 2013
While rates are at all time lows, so are home prices declining. These home values will continue to decline and so will the number of buyers who want to buy them. Buyers have decided that as long as the decline in home values continue they will sit on the side lines. The savey buyer understands that the 20% downpayment...

Alternative to Sub-Prime, What will be the Terms?
Updated Oct. 9, 2013
Well, I think the name that fits is "Flex Term". There will be alternative opportunities simply due to the unfortunate situation self employed buyers are up against. Details of that loan will be of course full verification of "real" income. Credit will be looked at historically. Where were these folks before the...

Why Cash-out the Homestead..... This Time
Updated Oct. 9, 2013
Why cash-out the Homestead...this time If you are lucky to have some equity maybe 35% or so you may want to consider a refinance to a maximum FHA eligibility. Reasons for this refinance? As home values decline you will not be in a position to take out equity if you have equity available only to 80%. Lenders will not...

Mold Growing on Real Estate Sign
Updated Oct. 9, 2013
Yes, it appears today that most "MOLD" issues in a real estate sale are on the sign on the lawn. Home sales take much longer to make it to contract and even longer to closing. Many reasons to include underwriting of loans, appraisals, and Home Inspections. Best option to sell is to speak with a lender in advance and have...