consumers: “Escape From Making The 10 Biggest Blunders When Buying A Home!!! - 01/02/09 01:58 AM
The 10 Biggest Blunders You Can Make When Buying A Home! 

1. Losing Money With Lower Interest Rates. 
Some loans have very attractive interest rates (also known as teaser rates) but you may be hit with higher upfront charges.  Points and/or origination fees are the most common ways to lower the rate and charge up front costs.  When searching for a mortgage, ask the lender if they are charging points or origination fees.  Points and origination fees are calculated as a percentage of the loan amount. See example below.
Beware of Adjustable Rate Mortgages (ARM's) and Balloon Mortgages.  ARM rates … (0 comments)

consumers: 9 Dirty Little Secrets Your Credit Card Company Hopes You Never Find Out! - 12/31/08 02:29 AM

 Those credit card offers just keep coming.  Seems there's hardly a day goes by that your mail box is not stuffed with some new bank offering some new credit card.  But there's a danger lurking for you also, one you may already be painfully aware of.  Over use of credit cards is crippling the spending power of millions of Americans.  The following is the truth about what really goes on behind the scenes at your credit card company.
Dirty Little Secret #1: Debt Addiction
Consumer debt is way out of control, but the dope (I mean "debt") pushers just keep … (0 comments)

consumers: 10 Questions You Must Ask When Applying for a Mortgage Loan - 12/30/08 04:20 AM
When you sit down with a lender, please be sure to get answers to these 10 questions before you go any further in the loan process.
1. What is the interest rate on this mortgage?Be sure to ask for the annual percentage rate (APR) of the loan's interest.  The APR is usually higher than the originally quoted rate because of the additional fees involved in procuring a loan. You must beware of APR found in advertisements. Often these are used in bait and switch schemes to get customers in the door. Always ask for an itemized list of rates, points and fees.
2.  What discount … (0 comments)

consumers: What Do I Need To Apply For a Mortgage? - 12/22/08 06:40 AM
Here is a checklist of possible documents you might need to complete your home loan.
This will help you get the necessary form and documents that are most often needed when apply for a loan. By making sure that you have these items on hand when you go to apply for a loan you greatly decrease the time it takes to get you the money you need.
Completed Loan Application Signed and dated by all loan applicants
Income DocumentsFor Hourly or Salaried Employment: Original W-2 for the past year ANDOriginal paycheck stub showing year-to-date income (within last 60 days)
For Self-Employment, Sole … (0 comments)


Nicholas Napoletano

Red Bank, NJ

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Nicholas Napoletano

Address: 60 Broad Street, Red Bank, NJ, 07701

Office: (732) 667-9700

Mobile: (732) 757-1975

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