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Bergen County New Homes Stimulus Financing Package - 02/28/09 10:53 PM
All new homes for sale by Richard Stabile in Northern New Jersey Bergen County Number 1 new home seller. On all our new homes for sale, special incentive stimulus financing package at builder's expense.
Rates as of 2/28/2008 Quialfied buyers may choose: Loan amount: $625,000 or less 4 3/8% fix rate 30 years or 2.125% for one year, 3.125% for one year, 4.125% for one year, 5.125% for remaining 27 years. Loan Amount $1,000,000-4.75% fix rate 30 years or 2.5% for one year, 3.5% for one year, 4.5% for one year then 5.5% for remaining 27 years. Loan Amount $2,000,000- (1 comments)
Upper Saddle River Home Sales Report 2008 - 02/25/09 09:18 PM
Upper Saddle River home sales from 2003 to 2008 show a sales volume decline from 2005 of over 40%. The median sales price also fell over 20% from the high. A large amount of large new homes constructed, controlled the Upper Saddle River real estate market price levels. It is my belief that the inability to finance these homes due to the lack of Jumbo loans over $1,000,000 has affected this market significantly. As of this now 2/25/2009 there has some available jumbo loan money at a reasonable rate. These loans can be done up to $4 million dollars with 25% (6 comments)
President Obama's Housing Affordability and Stability Plan - 02/24/09 04:27 PM
My Mortgage broker past this on with permision to copy. I think it is worth reading. President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes.The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their home. In addition, the plan includes a third initiative to support low mortgage rates by (1 comments)
A major sign for recovery in luxury home sales! - 02/24/09 11:55 AM
I have been blogging about the financial crisis for too long. However, I have seen the first sign of recovery. Last week my mortgage agent gave a package to one of my home buyers, which we haven't had for over 5 months. He gave a $2,000,000, two million dollar loan for a 30 year fixed Jumbo. It was 0 points for 6.5% interest rate. The borrower was required to have a 720 credit score and put 25% down. The best we were doing was local banks in Bergen County are, Savings and Loans doing up to 1 million dollars. Any big (2 comments)
The Congress roughed up President Obama, enough is enough! - 02/20/09 10:01 PM
When are we going to learn, to vote out the people who have agendas that do not match what our country needs? Nancy Pelosi and company, has loaded the new stimulus package with all the thing she has tried to jammed through for years. This defeats most of the purpose of the bill. I didn't want to write a negative blog so I held off, however it just appalls me. The last bailout package they put in $100 billion in pork to get it through at the last minute. This time I don't know the total, but again it was not to (8 comments)
Trader's Desk Signals, we made some money, what's next? - 02/19/09 07:41 PM
Things are evolving! Last update we said March crude Oil, we had bought one CLH09 future at $39 and one at $37.00 we closed out at today's contract close at $39.45 for an average profit of 1.45 per contract. Not a big gain, we missed the bigger gain my target was a bit high but a gain, never the less. It about $2900.00 on about $16000 margin, about 18%. We are flat now and await other ideas. SPH09 or ESH09 stock index futures. We missed our short sale. Oh well, I am looking to start buying. We will use a 3 unit strategy. (2 comments)
Trader's Desk Signals, President Obama pushing Congress! - 02/09/09 09:40 PM
Last update we said March crude Oil, we missed our buy at $39.00 by .10. We wait till the next calling. Well we got them at 39.00 last week and they to $42.65 and are back in the mid 39's. We will sell them at $43.50 . We will also put in a order to buy a second unit of march futures at $37.00 CLH09. SPH09 or ESH09 stock index futures. We are flat. Although we might have finish the upward corrective wave already, I will take a conservative stance and sell short the first unit of ESH09 at 885.00. This the March (7 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.