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Mortgage and Lending - CMG Home Loans - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
RECENT BLOG POSTS
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DON'T Wait: Home prices continue to climbFor today's blog I am going to focus on NJ specific numbers since that is where I am located.  You can do the math for your area by vising FHFA.Gov or take a look at the chart I posted a few blogs back that have the FHFA numbers for all the states.The FHFA...
07/10/2024
The best time to buy Real Estate was Yesterday.  The second best time is today.You may have heard in the headlines that Inventory is up... While there has been a large increase in inventory nationally it is far from where we need it to be.  Take a look at the chart above.  You can see inventory b...
06/28/2024
 Housing FunI’ve begun to see some posts on social media stating that Foreclosures are up a ridiculous percentage. Do not fall for that trap. It is not true. Here are the real year over year numbers: For the most part delinquencies have dropped significantly with the exception of those over 120 d...
06/12/2024
The FHFA just released its latest housing numbers through March and the following is the list by individual state by Month, Year, 5yrs and since 1991.  It is pretty eye opening.Who is the FHFA?  That is the Federal Housing Finance Agency.  They over see all the "agencies": Fannie Mae, Freddie Mac...
05/28/2024
 Homeowners are sitting on record equity. New Jersey Homeowners gained 11.6% in home equity in 2023 alone.  Nationally the average homeowner has $300,000 in equity and owes less than half their value in their mortgage.  It is estimated that 70% of existing mortgages are below 5% now with current ...
04/26/2024
This is a blog I posted on my corporate page yesterday with the latest from Fannie and Freddie.  Its good news and FHA and VA are expected to treat things the same way.  In reality we wont know everything until the DOJ decides but here is what we know:   Yesterday, Fannie Mae and Freddie Mac clar...
04/16/2024
 Let me know if you have heard this before (Or maybe you thought it yourself?):"I am going to wait to buy a home until prices come down."I was a little scared at the beginning of this market myself since I was both a buyer and a seller a few years ago and had flashes of the bubble pop.  So I went...
02/20/2024
Real Estate is STILL a good Long term investment.With the latest housing numbers coming out this week for 2023 with Redfin showing price increases of over 6% in 2023, Core logic at 5.5% and Black Knight at 5.6%.We are still waiting for FHFA and Case-Shiller's December numbers.  as of November FHF...
02/06/2024
Are you waiting for interest rates to drop to buy a home?  Here's why that may be a bad idea.The above chart shows what you may lose if you put off buying a home.  Here is where that data comes from.The above is based on purchasing a $400,000 home in Toms River, NJ (which is where my office is lo...
01/29/2024
2024 Housing Activity:  Have you noticed an increase in activity?  Even with the snowy cold weekend I have seen a noticeable increase in buyer activity this past weekend.  We appear to be thru the holiday doldrums and that pent up demand has the market activity buzzing. Unfortunately, we still do...
01/23/2024
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Robert Rauf

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