Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Contact Perri K. Feldman 973.650.4727

NJ Mortgage Update Category

More Money for New Jersey Home Buyers?

January 23rd, 2008 | Filed Under: Buying a Home in NJ, NJ Mortgage Update, Real Estate News | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Tuesday, January 22, 2008 Fed Lowered Interest Rates and New Jersey Home Buyers May Benefit  Steve Lupton of Metrocities Mortgage Sent Me the Following Alert I Wanted to Share: NEWS ALERT!!!! 1.  Today, the Fed lowered both the Fed Funds Rate and the Discount Rate by 75 basis points.  This unusually aggressive move is an acknowledgement that equity and credit market issues are threatening growth in the real economies throughout the world. 2.  As of Friday Jan 18th, all of the S&P gains from 2007 were...Continue Reading!

Requirements on Jumbo Loans Just Got Tighter From Wells Fargo

December 17th, 2007 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers, NJ Mortgage Update | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Wells Fargo is tightening the guidelines on a regular basis. You may not be in a distressed area but the guidelines are much tighter then 6 months ago and far tighter versus a year ago. Wells Fargo has increased the FICO requirement on jumbo loans from 620 to now a minimum score of 680.  The max DTI went from 50% down to 45%.  I know Wells Fargo is usually the front runner in jumbo pricing so if you are quoting a rate...Continue Reading!

The Real Skinny on the Subprime Freeze Plan: Who’s Left Out

December 12th, 2007 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers, NJ Mortgage Update | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Just came across this article from CNN:Money.com that helps to explain the subprime freeze plan on interest rates €“ it looks like the majority of the people out there in this situation may not qualify for the assistance they so desperately need. Your buyers are sure to appreciate this insight The new foreclosure prevention program may leave out most distressed subprime borrowers. // Uses both the shortcut for $(document).ready() //...Continue Reading!

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About Perri

Perri K. Feldman

"Perri was very reactive AND proactive. Clearly, she has an excellent grasp of the towns and counties she covers and went the extra mile to educate us on an area we were not entirely familiar with." Steve & Laura Lee

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About Perri

Perri K. Feldman

Contact Perri K. Feldman Your Neighborhood Expert

Mobile 973.650.4727

Office 973-376-0033

Email [email protected]