What Constitutes Closing Costs? - 02/27/09 10:10 AM
Closing costs are expenses that cover fees associated with the transfer of property ownership, fees paid to state and local governments, and the costs of obtaining a mortgage loan. Some of these fees are negotiable, and could be paid by either the buyer or the seller. Some costs are one-time fees (non-recurring closing costs, such as title search, termite inspection, appraisal, etc.); while other fees such as homeowner's insurance or property taxes are things you will expect to continue to pay on a regular basis as a homeowner.As part of the loan selection process, your mortgage consultant should be giving you … (2 comments)

Interest Rates - When Is The Best Time To Lock? - 02/26/09 09:38 AM
… (4 comments)

An Opportunity of a Lifetime - 02/25/09 03:49 PM
Warren Buffet says, "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." While Mr. Buffet was writing about buying stocks, the same can be said for housing today.
 
Housing issues have permeated the economy both locally and nationally. This week, one index that tracks housing prices, S&P/Case-Shiller Home Price Indices, indicated home values fell the most since 1968, declining 18.5% in December from the year before.
 
Looked at from a different perspective, this means home prices have fallen to levels not seen in six to twelve years, depending on … (0 comments)

Training and Managing a Team - 02/25/09 10:47 AM
Direct with Clear Job Descriptions
When it comes to training and managing a team, you must start out with a clear vision in directing your team to a common goal through job description and training. Creating a job description and training the individual you hire is very important to the end result. You must think through the position and its job description in great detail, even before you start interviewing people for that position. Here are some tips:1. Define exactly what you are looking for, including the personality traits and skill sets you would like to see in that individual.In addition, … (4 comments)

MASSIVE, NATIONWIDE INVENTORY REDUCTION SALE!!! - 02/24/09 04:44 PM
 
Prices have been slashed!!!
 
Low financing available!!!
 
Cash rebates up to $8,000!!!
 
Due to current economic conditions, we are offering huge savings off over-stocked items.  Buy at prices not seen in 5 years with rates among the lowest in history.  Sale includes, but is not limited to the following:
 
Single-family homes
 
Condos
 
Townhouses
 
Second Homes
 
Investment Properties
 
For the best deals nearest you, contact your favorite neighborhood Realtor. 
 
Hurry as these savings will not last forever.
 
For first-class financing service, call Karl Peidl of Superior Mortgage at 1-800-706-6671 ext … (6 comments)

Tax Credit for Homebuyers - 02/20/09 04:39 PM
 
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.

The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their … (4 comments)

Words of Wisdom from JFK - 02/20/09 03:58 PM
"Let us resolve to be masters, not the victims, of our history, controlling our own destiny without giving way to blind suspicions and emotions."
- John F. Kennedy
 
I came across this quote today and had to share it.  We are truly facing difficult times.  Times like these create our greatest leaders.  We can wallow in self-pity and harp on the challenges we face in this market or we can take control and lead the way out.  The choice is ours. 

… (11 comments)

Why Rent: Advantages of Home Ownership - 02/20/09 01:47 PM

 

It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, over the next three years your property management company will effectively have reaped $36,000 of your hard earned cash. In most cases, you know your rent will go up every year, even if you live in an area that has rent control regulations. You're paying the mortgage for the property owner, when you could be building equity in your own real estate investment.The tax deductions available to … (0 comments)

Inside Story: New Stimulus Bill and Homeowners - 02/19/09 03:55 PM
Tax Credit for Home buyers

First-time home buyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay … (0 comments)

Simple Steps Everyone Can Take - 02/19/09 09:38 AM
 
Your office and car kits should contain a pared down collection of the items mentioned above, as well as comfortable shoes. In addition, you'll want to add flares and jumper cables to your car's inventory.If you found this information to be helpful and would like to learn more, you may want to visit one or more of the following websites: www.redcross.org, www.72hours.org, and www.fema.gov/areyouready.
… (0 comments)

Shopping for the Right Mortgage - 02/19/09 08:11 AM
… (2 comments)

FIRST-TIME HOMEBUYER TAX CREDIT UPDATE - 02/18/09 11:12 AM
FIRST-TIME HOMEBUYER TAX CREDIT 
As Modified in the American Recovery and Reinvestment Act
Major Modifications Underlined
February 2009
 
… (6 comments)

The Difference Between Pre-Qualification and Pre-Approval - 02/16/09 02:54 PM

… (0 comments)

Credit Tips That Will Score Lower Interest Rates - 02/12/09 09:38 AM

… (4 comments)

WOW Your Customers - 02/11/09 02:12 PM
 
 
Don't Over-Promise and Under-Deliver
You've heard this before - "WOWing" customers is paramount to long-term success in your vocation. One thing you must understand about the concept is that you cannot "WOW" someone if you promise too much and deliver too little. "WOWs" can only be created by skimping on promises, and then pleasantly surprising your customers by delivering more than they expected.Why do so few businesses in the service profession form the strong ties, for example, that a Four Seasons or Ritz Carlton Hotel achieves with each of its customers? Often times the reason is simple. In … (12 comments)

Thinking of Selling Your Home? - 02/06/09 01:40 PM
 
 

If you are thinking about selling your home, it is wise to consider using a qualified real estate professional to assist you. The first reaction may be to call the Realtor who sold you the home to begin with, but this is not necessarily the best plan of action. Some real estate agents specialize in placing buyers, and some have more expertise in listing and selling property. Very few real estate agents are actually good at both.Choosing the right agent to represent you in the sale of your home minimizes a variety of stress factors. Your agent should … (6 comments)

The Federal Reserve and Mortgage Rates - 02/05/09 09:33 AM
… (0 comments)

Wordless Wednesday - 02/04/09 08:29 AM

… (10 comments)

****NJHMFA Police & Firemen's Retirement System Interest Rate Change to 3.75%**** - 02/03/09 09:26 AM
Effective February 15, 2009the interest rate for the Police & Firemen's Retirement System Mortgage Loan Program will be 3.75%. 
This program is only available for First Time Home Buyers. 
 Currently there is approximately $64,000,000 in available funds.
Funds dried up very quickly the last time these moneys were made available, so do not wait to take advantage of this opportunity.
Call me for more information at 609-294-4349.
Karl Peidl
Senior Mortgage Consultant
Superior Mortgage Corp.
… (2 comments)

 

Karl Peidl - Accredited Loan Consultant

Moorestown, NJ

More about me…

Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office Phone: (856) 252-1200 x 1224

Cell Phone: (609) 254-6687

Email Me

Clicky Web Analytics

Clicky



Links

Archives

RSS 2.0 Feed for this blog