Jamie Russen's Blog

In the 10 plus years that I have been originating mortgage loans, a question that I am hoping to halt by writing this post is, ” How much do I qualify for”? I really take pleasure out of working with First Time Homebuyers and If I hear this questions I tend to get on my soap box. My advice to an...

I have a team of loan officers that work for me that always inform their clients to supply all income and asset documentation prior to going to view homes for sale. This allows us to provide pre-approvals and not just the pre-qualification, which is just a document which is based off of a mortgag...

Today I wanted to tell everyone a little more about no-cost refinances and why I’m such a big fan of them. First, I will explain what a no-cost refinance is and then I will give demonstrations on why it is an important tool for a homeowner. A no-cost refinance is a program lenders use that allows...

Ownership of real estate is tracked by its title. When property is transferred, the title is conveyed from one party to the other. It is therefore an essential component of a real estate transaction. This blog offers information on title searches for NJ home purchases, what it is, and why it is s...

When NJ and PA home buyers apply for a mortgage their credit profile is broken down into 3 classifications. NJ and PA home buyers should be aware that those 3 credit classifications are detailed below, 2 of them overlap.   1) Denied- If you are applying for a mortgage and get denied based on cred...

I am extremely excited to announce that the Jeff Onofrio who is the  Director of Renovation Lending from Annie Mac Home Mortgage,is on board with us to be a featured contributor. As a nationally known 203k renovation loan expert, Jeff will be able to provide insights to our local customers about ...

Today's home buyers or potential home buyers should understand what is impacting their credit score. It is important to also know what is on your report. I would like to start a series of blogs that will high light a customer we are working with who currently has bad credit but that does not mea...

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Fe...

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot. More commonly called...

Mortgage rates are falling, falling, falling. On a wave of uncertainty about Greece and its debt; and weaker-than-expected economic data at home, conforming 30-year fixed rate mortgage rates have fallen to levels not seen since December 2, 2010. Mortgage rates have dropped 8 weeks in a row. Not ...