Loan Archives

Mortgage Rates Hit 8%: A Historic Milestone

Advice, Buyer, Market Trends, Mortgage Rates, Real Estate / By Keith LaBrunda - RE/MAX Select

For the first time since the turn of the millennium, average mortgage rates have surged to 8%. This is a significant development for both homebuyers and homeowners in New Jersey and across the nation. At Countryside Homes NJ and , we understand the implications of this change and are here to guide you through what this means for your real estate journey. Source: Google A Look Back: The Year 2000 The last time we saw mortgage rates hover around the 8% mark was in the year 2000. It was a different era: the dot-com bubble was at its peak, Y2K […]

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Who Are Fannie Mae, Freddie Mac, and Ginnie Mae?

Advice, Buyer, Mortgage, Real Estate / By Keith LaBrunda - RE/MAX Select

Welcome to Countryside Homes NJ and , your trusted real estate partner in New Jersey. As we guide you through your home buying journey, it’s essential to understand the question, “who are Fannie Mae, Freddie Mac, and Ginnie Mae?” They are three government-sponsored entities that play a pivotal role in the U.S. housing market and are some of the key players in the mortgage industry. Let’s delve deeper into who they are and what they do. Fannie Mae (Federal National Mortgage Association) Overview:Fannie Mae, founded in 1938, is a government-sponsored enterprise (GSE) that operates in the secondary mortgage market. Its

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What is a Conventional Mortgage?

Advice, Buyer, Mortgage, Real Estate / By Keith LaBrunda - RE/MAX Select

Welcome to Countryside Homes NJ and , your trusted partners in navigating the real estate landscape of New Jersey. One of the most common questions we encounter from our clients is, “What is a conventional mortgage?” We understand that the home buying process can be overwhelming, especially when it comes to financing. That’s why we’ve put together this guide to help you understand conventional mortgages and how they work. What is a Conventional Mortgage? A conventional mortgage is a type of home loan that is not guaranteed or insured by the federal government. Instead, it is backed by private lenders,

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Understanding a VA Home Loan

Advice, Buyer, Mortgage, Real Estate / By Keith LaBrunda - RE/MAX Select

At Countryside Homes NJ and , we believe in empowering our clients with knowledge to make informed decisions. One of the unique mortgage options available to certain homebuyers is the U.S. Department of Veterans Affairs VA Home Loan. Here’s a comprehensive guide to understanding a VA home loan: What is a VA Home Loan? A VA Home Loan is a mortgage available to veterans, active-duty service members, and select military spouses. It’s backed by the U.S. Department of Veterans Affairs and offers several advantages over traditional mortgages. Key Benefits of VA Mortgages: No Down Payment: One of the most significant

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Loan

Mortgage Rates Hit 8%: A Historic Milestone

Who Are Fannie Mae, Freddie Mac, and Ginnie Mae?

What is a Conventional Mortgage?

Understanding a VA Home Loan

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