Ed Olimpio's Blog | NJ Lenders Corp.

Does the Federal Reserve Affect Mortgage Rates? 7 Factors That Influence Your Rate

Posted by Ed Olimpio on Dec 12, 2024

By understanding and managing key factors such as your credit score, down payment, property type, and loan amount, you can position yourself to secure the best possible rate for your home purchase....Read More

Renovate Smarter, Not Harder: Quorum’s Renovation HELOC

Posted by Ed Olimpio on Dec 5, 2024

By leveraging your home’s future value and avoiding the need for refinancing or PMI, you can embark on your renovation projects with confidence...Read More

House Rich, Cash Poor? Here’s How to Buy Your Next Home Without Selling First

Posted by Ed Olimpio on Nov 21, 2024

It’s possible to sell your old home and buy a new one without facing qualification or timing challenges, and it’s important to become familiar with the differences between each alternative...Read More

Understanding Home Equity: A Valuable Asset for Homeowners

Posted by Ed Olimpio on Nov 12, 2024

Home equity is more than just a number on a balance sheet; it’s a valuable asset that can be used to improve your financial well-being. Whether you’re looking to make home improvements, consolidate debt, or cover large expenses, tapping into your home equity can help you achieve your goals....Read More

Contingent vs. Pending Properties: What’s the Difference?

Posted by Ed Olimpio on Nov 5, 2024

If you’re eyeing a contingent or pending property, you may still have opportunities to make an offer or view the home. Understanding these distinctions can empower you to act swiftly and strategically in a competitive market....Read More

How a Reverse Mortgage Can Help Fund Healthcare and Home Renovation Needs

Posted by Ed Olimpio on Oct 31, 2024

And with over 11,000 people turning 65 each day, the demand for innovative retirement solutions is greater than ever. We strive to enhance your financial options during retirement, providing you with the resources to navigate your golden years with confidence....Read More

Highly Anticipated FHA 203(k) Loan Updates Coming Soon

Posted by Ed Olimpio on Oct 24, 2024

With higher allowable renovation amounts and extended timelines, the 203k loan program is becoming increasingly flexible and attractive for homebuyers looking to invest in fixer-uppers....Read More

Everything You Need to Know About Closing Costs

Posted by Ed Olimpio on Oct 16, 2024

Buying a home is an exciting journey, but over 50% of first-time homebuyers are caught off guard by closing...Read More

A Homeowner’s Guide to Using an Escrow Account for Your Property Taxes

Posted by Ed Olimpio on Oct 10, 2024

Property tax escrow accounts are a significant component of homeownership, providing a structured way to manage your property tax payments. By understanding how these accounts work, you can navigate your mortgage with greater confidence and ease....Read More

Rental Costs Are on the Rise: Why Owning a Home Is More Attractive Than Ever

Posted by Ed Olimpio on Oct 3, 2024

In the face of rising rental costs, the shift towards homeownership is more pertinent than ever. By taking advantage of down payment assistance programs and understanding the true benefits of owning, you can start paving the way toward a more secure financial future....Read More