May. 18, 2012 - This Weekend's Franklin Township and Somerset & Middlesex County Open Houses - May 19-20, 2012

According to GSMLS, at the time of posting there are 31 Franklin Township homes for sale and schduled for an Open House, Saturday and Sunday. Generally, open houses are held between 1PM and 4PM. Search this weekend's Franklin Township Open Houses.

Somerset County Open Houses

Middlesex County Open Houses

Search for New Jersey Homes for Sale

Be Sure to Check out this week's Keller Williams Featured listings!

Searching for central NJ homes for sale? Look no further. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

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May. 17, 2012 - This Week's Franklin Township Residential Rentals - May 17, 2012

This week, at the time of posting, there are 54 Franklin Township residential properites available for rent. Rental prices range from $995 to $3,5000. New Somerset rentals this week are: 37 Arlington Ave; 1637 Amwell Rd; 163 Kingsberry Dr; 32 cabot wat]y; 153 Saratoga Ct; 29 Academy Rd; 3 Bethany Ct; 14 Topaz Dr. Searching for a Somerset county, Middlesex county or any central NJ home or apartment to rent? Look no further. Get automatic alerts sent to your email of properties in real time here. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to rent or purchase. Contact me to schedule a tour. I Never Forget You Have a Choice Connect with me on: © Copyright, Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

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May. 16, 2012 - Home Search?

http://tinyurl.com/c54624l    http://twitter.com/somerset08873/status/202912799918260225/photo/1

May. 14, 2012 - Mortgage Monday - What’s the best way to finance your refinance?

What is the best way to refinance your Somerset or central New Jersey home loan? There is no federal plan in place (at the moment) to cover your refinance closing costs, Is it better to pay closing costs out of pocket, finance them into the loan amount, or trade them for a higher interest rate?

The truth is, there’s no one right answer since each has their own benefits and costs associated with it. But HSH.com has developed a refinance calculator that will help you determine which finance option is best for you.

The TriRefi refinance calculator allows you to run the numbers for a Traditional Refinance, a Low-Cash-Out Refinance and a No-Cash-Out Refinance. Fill in the information once and instantly compare the costs and savings.

Today's Rates

For more mortgage information contact: Montgomery Mortgage Solutions; Office (908) 359-2410 Cell: (732) 648 9747; email: info@montmtg.com; Web: http://www.imontgomerymortgage.com  

*Disclaimer: Keller Williams Cornerstone Realty is affiliated with Montgomery Mortgage Solutions, Inc.

May. 12, 2012 - Mother's Day 2012

To Moms Everywhere,

May Your Day Be Sweet and Wonderful

HAPPY MOTHER'S DAY

May. 11, 2012 - This Weekend's Franklin Township and Somerset & Middlesex County Open Houses - May 12-13, 2012

According to GSMLS, at the time of posting there are 2 Franklin Township homes for sale and schduled for an Open House, Saturday and Sunday. Generally, open houses are held between 1PM and 4PM. Search this weekend's Franklin Township Open Houses.

Somerset County Open Houses

Middlesex County Open Houses

Search for New Jersey Homes for Sale

Be Sure to Check out this week's Keller Williams Featured listings!

Searching for central NJ homes for sale? Look no further. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

Become a Market Insider. Get FREE access to valuable market data!

May. 7, 2012 - Franklin Township Housing Market Report - May 2012

What happened in our marketplace last month

 

 

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May. 5, 2012 - Happy Cinco de Mayo

Hope you are having a great day!

May. 4, 2012 - This Weekend's Franklin Township, Somerset and Middlesex Counties Open Houses - May 5-6, 2012

According to GSMLS, at the time of posting there are 16 Franklin Township homes for sale and schduled for an Open House, Saturday and Sunday. Generally, open houses are held between 1PM and 4PM. Search this weekend's Franklin Township Open Houses.

Somerset County Open Houses

Middlesex County Open Houses

Search for New Jersey Homes for Sale

Be Sure to Check out this week's Keller Williams Featured listings!

Searching for central NJ homes for sale? Look no further. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

Become a Market Insider. Get FREE access to valuable market data!

May. 3, 2012 - This Week's Franklin Township Residential Rentals - May 3, 2012

This week, at the time of posting, there are 54 Franklin Township residential properites available for rent. Rental prices range from $995 to $3,5000.

New ths week are: 18 Woodfield Ct, 126 Crabappple Ln, 1110 Oakcroft Ln, 4 Cobblers Cir, 2 Saddle Ct, 19 Norwich, 29 Lyon Ln

Searching for a Somerset county, Middlesex county or any central NJ home or apartment to rent? Look no further. Get automatic alerts sent to your email of properties in real time here.

Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to rent or purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

© Copyright, Garden State MLS, L.L.C.

**Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

May. 2, 2012 - What Is ‘QM’ and Why Does It Matter?

We often discuss the difference between the PRICE and the COST of a home. We want buyers to realize, in many ways, the cost of a home is more important to them than the actual price. Obviously, price is part of the cost equation. The other piece, available financing, is also crucial. Soon, there will be major decisions finalized by the government regarding house financing moving forward. These decisions could negatively impact many buyers.

“QM” is a new term which stands for qualified mortgage. The new Bureau of Consumer Financial Protection (CFPB) will be responsible for defining QM thereby setting the consumer guidelines banks and lending institutions must follow before issuing a mortgage.

Richard Cordray, the Director of CFPB, plans to finalize the definition this summer. The Center for Responsible Lending quotes American Banker on this timeline:  “The Consumer Financial Protection Bureau will issue a final rule by the end of June defining what constitutes a ‘qualified mortgage’ that will be exempt from new rules compelling lenders to verify borrowers’ repayment ability.”

The fear of many is that the definition will be too ‘narrow’ resulting in many purchasers not being able to qualify for a mortgage under the QM definition. In a letter to Director Cordray, several industry organizations talk to this issue:  “Most economists and housing market analysts in government and in the private sector agree that today’s underwriting standards are tight and are contributing to a slow housing recovery. Our organizations believe that an unnecessarily narrow definition of QM that covers only a modest proportion of loan products and underwriting standards and serves only a small proportion of borrowers would undermine prospects for a housing recovery and threaten the redevelopment of a sound mortgage market…

We are convinced that the choices around this important rule, including in large measure the breadth of the QM standard, will affect sustainable homeownership for generations to come.”

What Could This Mean To a Home Buyer?

If a buyer does not qualify under the new ‘QM’ rules, the cost of financing a home will increase. As the letter mentioned above states:  “A narrowly defined QM would put many of today’s loans and borrowers into the non-QM market, which means that lenders and investors will face a high risk of an ability to pay violation and even a steering violation. As a result of these increased risks, these loans are unlikely to be made. In the unlikely event they are made, they will be far costlier, burdening families least able to bear the expense.”

Securing a mortgage before these new guidelines take effect may make sense to many buyers.

Source:KMC Blog

Further, it is important to understand Why the Term ‘Qualified Residential Mortgage’ Matters  

Apr. 30, 2012 - Mortgage Mondays - Insights on rates

The mortgage market this week saw little movement with rates still at all time lows. The conventional 30 year fixed rate remained between 3.875% and 4.00 % for most of the week.  Is this a positive or a negative for the overall market and  any possible housing recovery?  

Putting on the technical-analyst hat for a moment, it has been my experience that with rates seeming to be flat and near the lows they are seeing some lasting resistance.  It is signaling to some observers that although there may or may not be a bottom in housing prices on average, rates are unlikely to plunge below this current historically low range.

My sense is whenever the rates finally break out of this range, it will be to the upside and it will happen quickly. This rapid upside rate spike will leave undecided buyers wishing they had been more decisive in taking advantage of rates at the current levels. 

As I have written in a recent blog entry...... Don't try to catch a falling knife.

Thanks to Michael Adams and Somerset08873 for having me back... And remember, at Montgomery Mortgage Solutions... We Go Beyond Our Commitment. See you next week!!!

Today's Rates

For more information contact: Montgomery Mortgage Solutions, Michael Budinich; Office (908) 359-2410 Cell: (732) 648 9747; email me at: michael@montmtg.com

*Disclaimer: Keller Williams Cornerstone Realty is affiliated with Montgomery Mortgage Solutions, Inc.

Apr. 27, 2012 - This Weekend's Franklin Township and Somerset County Open Houses - Apr 28-29, 2012

ATTENTION BUYERS - THIS IS THE WEEKEND TO LOOK FOR A HOME!

According to GSMLS, at the time of posting there are 42 Franklin Township homes for sale and schduled for an Open House, Saturday and Sunday. Generally, open houses are held between 1PM and 4PM. Search this weekend's Franklin Township Open Houses.

Search for New Jersey Homes for Sale

Somerset County Open Houses

Be Sure to Check out this week's Keller Williams Featured listings!

I'll be hosting Open House at 912-6 Renate Dr, Hillsborough, NJ on Sunday from 1PM - 4PM 

Searching for central NJ homes for sale? Look no further. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

Become a Market Insider. Get FREE access to valuable market data!

Apr. 25, 2012 - This Week's Franklin Township Residential Rentals - April 26, 2012

This week, at the time of posting, there are 58 Franklin Township residential properites available for rent. Rental prices range from $995 to $3,5000.

Searching for a Somerset county, Middlesex county or any central NJ home or apartment to rent? Look no further. Get automatic alerts sent to your email of properties in real time here.

Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to rent or purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

© Copyright, Garden State MLS, L.L.C.

**Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Apr. 25, 2012 - We all know what DOG backwards spells

You go, Sammy!  Local Therapy Dog Inducted into Animal Hall of Fame

(Click to view)

Franklin Township Animal Shelter

Apr. 23, 2012 - Mortgage Mondays - Credit Reports and FICO Scores

Today, Michael Budinich from Montgomery Mortgage Solutions answers the question: What is the impact of pulling the FICO score of prospective borrowers?

There seems to be a lot of confusion about this question. For borrowers shopping for the best mortgage rate there is a window of 30 days allowed for "like inquiries"; that is to say credit pulls which are for the same purpose. If you are a borrower shopping for a mortgage and you allow 4 separate companies to make credit inquiries, your FICO score should not be impacted because of multiple pulls as long as the credit pulls are for "like inquiries" and are all done within a 30-day window.

Your credit would be affected if a borrower allows different types of businesses to access the credit report i.e  mortgage rate, credit card application, and a car purchase or lease.  These loans all have different purposes and would negatively effect your credit. 

There is much more information available on this subject. I have just lightly touched on one of the concerns many borrowers have. Please contact me with any question you may have. I am always available.

Thanks again to Michael Adams for having me back...And remember, at Montgomery Mortgage Solutions... We Go Beyond Our Commitment. See you next week!!!

Today's Rates

For more information contact: Montgomery Mortgage Solutions, Michael Budinich; Office (908) 359-2410 Cell: (732) 648 9747; email me at: michael@montmtg.com

*Disclaimer: Keller Williams Cornerstone Realty is affiliated with Montgomery Mortgage Solutions, Inc. 

Apr. 21, 2012 - Celebrate Earth Day 2012

Happy Earth Day 2012

Get Green Your Home by Keller Williams Realty Inc. and Jay Papasan: http://tinyurl.com/875nx69

Apr. 20, 2012 - This Weekend's Franklin Township and Somerset County Open Houses - Apr 21-22, 2012

According to GSMLS, at the time of posting there are 18 Franklin Township homes for sale and schduled for an Open House, Saturday and Sunday. Generally, open houses are held between 1PM and 4PM. Search this weekend's Franklin Township Open Houses.

Search for New Jersey Homes for Sale

Somerset County Open Houses

Be Sure to Check out this week's Keller Williams Featured listings!

Searching for central NJ homes for sale? Look no further. Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

Become a Market Insider. Get FREE access to valuable market data!

Apr. 19, 2012 - This Week's Franklin Township Residential Rentals - April 19, 2012

This week, at the time of posting, there are 54 Franklin Township residential properites available for rent. Rental prices range from $1,000 to $3,5000.

Searching for a Somerset county, Middlesex county or any central NJ home or apartment to rent? Look no further. Get automatic alerts sent to your email of  properties in real time here.

Regardless of the listing agent, office or MLS service; if you are not already contracted with an agent give me a call/text or send an e-mail and I will be happy to arrange a personal tour of any Somerset and Central New Jersey listed property or open house that you might find on the Internet, print media or yard sign and are qualified to rent or purchase. Contact me to schedule a tour.

I Never Forget You Have a Choice

Connect with me on:

© Copyright, Garden State MLS, L.L.C.

**Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Apr. 17, 2012 - When buying a home three questions you must ask

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And some of that advice is probably negative. Why buy now with prices still falling? Don’t you realize real estate is no longer a good investment? Don’t you know that people who bought six years ago lost their shirt? We understand the concern your friends and family have. However, let’s look at whether or not now is actually the perfect time to buy a home.

There are three questions you should ask before purchasing in today’s market:

1. What are the experts recommending?

In the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren Buffett.

2. When will I begin to see appreciation if I buy now?

This is a great question. Macro Markets, LLC is a company that studies housing prices. They started their Home Price Expectation Survey in 2010. They ask 100+ housing industry experts to project housing prices through 2016. The most current survey shows that the experts are predicting prices to remain relatively flat in 2012. The experts then project prices to rise reaching a cumulative appreciation of over 10% by 2016.

Purchasing a home today makes great sense from a financial standpoint. Think of the old axiom: you want to buy low and sell high. This decision should not only be a financial one however.

That leads us to our third and final question:

3. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. The Fannie Mae National Housing Survey shows that the four major reasons people buy a home have nothing to do with money:

• A good place to raise children and for them to get a good education
• A place where you and your family feel safe
• More space for you and your family
• Control of the space

What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the reason you decide to purchase or not.

Bottom Line

Don’t allow money to get in the way of you making the right decision for you and your family. In the long run, the finances will work in your favor anyway.

Source: KCM Blog