Mortgage Update! October 18, 2010

Don't miss out on these great rates! It has never been a better time to purchase a home! As we all know home prices have come down between 20%-25% from their highs in 2005/2006. Now combined with the great prices, the banks are practically giving mortgages away to those credit worthy buyers!

As of this morning, it is possible to obtain a 30 year fixed rate mortgage with no points at a rate of 4.375%. The 15 year rate with no points is even better at 3.75%. The FHA rate is 4.375%.

In addition, for those of you that are looking to make a move into one of our Luxury Markets, like Colts Neck, Holmdel, Rumson, etc. the Temporary Loan Limits that the government put in place are expiring on 12/31/10. What this means to you--the conforming loan limit that is normally $417,000 which was increased to $729,750 will no longer be available. This affords someone purchasing a home and needing to obtain a mortgage of between $417,000 to $729,750 to be able to keep the conforming rate without being pushed into a jumbo rate loan. GREAT OPPORTUNITY!

Of course, if you are looking to make a move in the Monmouth, Ocean or Middlesex County areas we are available to assist you. In addition, our in house Mortgage Representative, Michael Scarimbolo of SI Mortgage Group is available to assist you in getting a pre approval for a mortgage or to help you determine what your best mortgage options are. Michael can be reached at (732) 845 0300.

Call Anna @732-371-3233 or Leanne @917 596-2772 to inquire regarding properties you may be interested in seeing.

YOUR REAL ESTATE TEAM FOR SUCCESS!

If you are looking for a professional real estate agent with knowledge, integrity and personalized service, call the team that will get you results! We are full time professional agents who pride ourselves in providing unsurpassed service to our customers. We specialize in the Monmouth County, Middlesex County and Ocean County areas and provide services in the Residential, Multi Family, Commercial, Luxury Home, New Construction, as well as, the Agricultural Farm Real Estate Markets.

In this ever changing market place, you need a professional that will keep you abreast of marketplace challenges and updates. We can provide you with the latest housing market trends and financing trends and options. Our team can assist you in purchasing or selling your real estate, as well as, assist you in securing financing through our in house mortgage company. We have experts in all areas to make your real estate transition as smooth and seemless as possible.

Remember, call Leanne @917-596-2772 or Anna @ 732-371-3233 to get your Real Estate Goals Accomplished!