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mortgages: HOUSING IS VITAL TO ECONOMIC RECOVERY - 11/23/11 02:00 PM
 
Our friends at Acre Mortgage posted this on the current mortgage/real estate situation today and we wish to share it with all our clients.
 
 
HOUSING IS VITAL TO ECONOMIC RECOVERY It’s my contention housing will lead the way in turning this economy around. After all, housing is the reason we are in this mess. The corruption and deceptive practice of the sub prime mortgage industry has, in my opinion, facilitated an economic tsunami. It has not only tumbled Wall Street, it has adversely affected most all “main streets” globally. We must reach out to the most important sector … (0 comments)

mortgages: Mortgage Points: To Pay or Not to Pay - 06/26/11 07:56 PM
By: Curtis LeeThe Murphy-Lee TeamPrudential Zack Shore Properties
             If William Shakespeare financed a home today he'd probably ask on the subject of mortgage points: "To pay or not to pay? That is the question."
            Homebuyers direct the same question to their real estate agents. Here are some perspectives:
            In its simplest definition, a point is an additional loan fee that is paid to the lender in exchange for a lower interest rate. It's called "buying down," and it allows you to reduce your rate for the life of the loan.
            Let's say you secured a mortgage loan … (2 comments)

mortgages: ‘Tis the Season for Tax Breaks - 04/11/11 08:04 AM
By Curtis Lee"The Murphy-Lee Team"Prudential Zack Shore Properties 
            With April 15 rapidly approaching many are scrambling to complete their taxes. For those who have recently bought or sold a home, there are a number of tax deductions that that may be available to them.
            Real estate broker's commissions, title insurance, legal fees, advertising costs, administrative costs, and inspection fees are all considered selling costs and may be used to reduce one's taxable capital gain by the amount of the selling costs. That could result in a big savings depending on the final sale price.
            Interest that is paid … (1 comments)

mortgages: Benefits of Flipping Real Estate - 07/01/10 03:20 PM

Another great articel from our friends at www.SouthJerseyMortgageGuys.com.
Nothern States Funding Group The Prefered Lender Of The Murphy-Lee Team
The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not the only benefit that can be associated with flipping real estate though it is certainly the one on most investors' minds when they get into this … (0 comments)

mortgages: The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation's housing market. - 06/21/10 11:15 PM
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation's housing market. Each month, the scorecard will incorporate key housing market indicators and highlight the impact of the Administration's unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP). This scorecard contains key data on the health of the housing market including:
After 30 straight months of decline and an expectation of continued nearly 14 percent decline, home prices leveled off in the past … (0 comments)

mortgages: An Unlikely Revival of the Housing Market -THE TWENTY SOMETHINGS - 04/04/10 12:16 AM

From Our Friends At Northern States Funding GroupThe Preferred Lender Of The Murphy-LeeTeam

An Unlikely Revival of the Housing Market -THE TWENTY SOMETHINGS
By Frank Montufar 203k Mortgage Specialist
Propelled by the FHA "Buy it and Fix it" plan - the 203-K loan
I've come full circle with this program, the FHA 203-K. Chosen as an alternative means of home financing in the early 90's, this particular niche program has great appeal. Specifically tailored to the investors, it also accommodated the owner occupied sector, to purchase homes in need of repairs.  It was Washington's great relief plan for the … (2 comments)

 
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Eileen Murphy, Curtis Lee "The Murphy-Lee Team"

Manahawkin, NJ

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Prudential Zack Shore Properties

Address: Prudential Zack Shore Properties, 675 Route 72 East, Manahawkin, NJ, 08050

Office Phone: (609) 597-6464

Cell Phone: (732) 239-0257

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