Real Estate Blog

All About VA Loans and Different Types of MortgagesVeterans Affairs (VA) loans are a popular mortgage among active and veteran members of the United States Armed Forces. It is one type of mortgage among many available to home buyers. However, what many people don’t realize when initially researching VA loans is that there are multiple different types of VA loans that can help different types of home buyers. Here is an explanation of the different types of VA loans, what they do, and who benefits from using them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Purchase Loans

The main loan that most people think of when people think of when they hear “VA loan.” Purchase loans are the most general and

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FHA Loans: What You Should KnowWhen buying a South Plainfield new home, buyers have a lot of options when it comes to choosing the mortgage that’s right for them. One of the loans they may consider is the Federal Housing Administration loan, or just FHA loan. FHA loans are widely used by first-time home buyers as well as veteran home buyers, but what makes them so appealing? Here is everything home buyers should know about FHA loans to make an informed decision about if it’s right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is an FHA Loan?

FHA loans are one of the different types of mortgage sponsored by the United States government, like VA loans and USDA loans.

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All About Making a Down Payment On A HomePeople who are new to the home buying process usually know that they're expected to make a down payment when they purchase a home, but they often have questions about how down payments work.

A down payment is a percentage of the cost of the home paid in cash as a supplement to the home loan. Altogether, the home loan and the down payment must equal the purchase price of the house. A person who wants to buy a home must have cash on hand to make the down payment, except in circumstances when a down payment is not required according to the loan terms.

Just how much money is required for the down payment and how the down payment can be obtained is important information for home buyers to have. Here's what they need to know.

For informational

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Why Home Inspections Are ImportantBuying a home is an important decision. And buying the right home is even more important. So whether the home was built in 1918 or 2018, a home inspection can reveal flaws in the home that aren't readily visible to the naked eye. From faulty craftsmanship to stubborn tree roots, buyers have a chance to examine and learn about the home's downsides before they sign the dotted line to buy the home. Learn more about what a home inspection entails and how homeowners can use it to avoid a mistake.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Inspecting the Elements

A home inspector typically checks the major exterior elements of the home, including

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Using a Mortgage? Check Out These Different TypesWhen purchasing a home, almost all first time home buyers will need to secure a loan or a mortgage to buy the home. There are many different types of mortgages that fit a wide variety of different buyers and the different homes they may want to purchase. It can be overwhelming attempting to understand and decide which is best, especially for a first-time home buyer who may not be familiar with many of them. Here are some of the different common mortgage types and how they may help different types of home buyers.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Federal Housing Administration (FHA) Loan

One of the most popular loans among first-time home

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Do I have to pay capital gains when I sell my home?There are a lot of considerations to keep in mind when someone is selling a home. Buying and selling homes are often the biggest financial transactions a person will engage in throughout their life. When the buyer's offer is accepted and every line of the contract dated and signed, the seller should be aware of the implications of the sale, particularly any applicable tax implications. While most home sales are exempt from capital gains taxes, there are some situations that will trigger a tax. Understanding these before putting a home on the market can help avoid surprises after the fact.

What Is Capital Gains Tax?

Any large or valuable asset, such as an investment account, a vehicle or a home, can be considered a capital asset. If a person

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How to Stage a Home For a Successful Home SaleWhen selling a home, the majority of homeowners tend to stay in the dwelling at least until a solid offer is made from a sure-thing buyer. This means that the process of staging a home will differ somewhat from the process when the home is unoccupied. Here's what sellers should know to boost buyer interest through proper staging techniques for when potential buyers come in for home showings.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Spruce Up Exteriors

As the first impression potential buyers get, the exterior of the home should be as pristine as possible. Trees, hedges, lawns and plants must be well-maintained, as should the swimming pool or

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Which Eco-Friendly UPgrades Are Right For You?Energy efficiency is important for many modern homeowners. By installing eco-friendly appliances and fixtures, many homeowners are able to increase property values and reduce their utility bills. Here's what Avenel homeowners need to know to get started.

Low-Flow Fixtures

Many years ago, low-flow toilets got a bad reputation for not working properly. The first low-flow toilets to hit the market were ineffective because they often required two flushes to get the job done. Those days are over.

Modern low-flow fixtures are just as functional as traditional fixtures, but can reduce water usage by hundreds or thousands of gallons per month. Since many low-flow fixtures are relatively inexpensive to purchase and install, it doesn't take

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If your home tests above the limit for radon gas, here’s what you need to do.

There are many great New Jersey area homes for sale. Click here to perform a full home search,  or if you're thinking of selling your home, click here for a FREE Home Price Evaluation  so you know what buyers will pay for your home in today's market. You may also call me at (908) 912-4900  for a FREE home buying consultation to answer any of your real estate questions.   How does radon gas affect you as a homebuyer?

When you buy a home, one of the steps you must take is to order a home inspection. Part of that inspection should include testing for radon gas.

How does this test work? The home inspector simply sets a canister inside the home and lets it sit…
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If you’re thinking about refinancing your home, there are a few points I want to share with you today that you need to take into consideration.

There are many great New Jersey area homes for sale. Click here to perform a full home search,  or if you're thinking of selling your home, click here for a FREE Home Price Evaluation  so you know what buyers will pay for your home in today's market. You may also call me at (908) 912-4900  for a FREE home buying consultation to answer any of your real estate questions.       Should you consider refinancing your home?

Most of the time when people consider refinancing their home, they’re motivated purely by a decrease in the interest rate that they’re paying on their current loan versus…
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