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Fannie Mae Releases New Requirements for Condos in 2022

Posted by Ed Olimpio on Jan 6, 2022

Beginning January 1, 2022, Fannie Mae is taking a stronger look at condos after releasing requirements that...Read More

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Pros and Cons of Waiving an Appraisal When Buying a Home

Posted by Ed Olimpio on Jan 1, 2022

Lenders are touting to realtors and borrowers that they do not require an appraisal in order to approve and...Read More

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Buying a Home if You’re Legally Separated or Divorced

Posted by Ed Olimpio on Oct 4, 2021

Please speak to a mortgage professional prior to consummating your Property Settlement Agreement (PSA) to confirm the terms set forth in the agreement comply with standard mortgage underwriting guidelines....Read More

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What You Need to Know About Homes with Solar Panels When Buying and Selling

Posted by Ed Olimpio on Sep 7, 2021

Solar panels are a great way to become more environmentally-friendly while saving on your energy bills. Some...Read More

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Why a Net Promoter Score is an Important Indicator of a Good Lender

Posted by Ed Olimpio on Aug 10, 2021

The best mortgage companies will gladly share their NPS, which is why NJ Lenders is pleased to announce that...Read More

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With Rents on the Rise – Is Now the Time To Buy?

Posted by Ed Olimpio on Aug 3, 2021

With rents continuing to rise across the country, renters should consider if now is the right time to buy. There are multiple benefits to buying sooner rather than later. Let’s discuss your options so you can make your most powerful decision....Read More

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Federal Housing Administration Takes Steps to Remove Barriers to Homeownership For Those With Student Loan Debt

Posted by Ed Olimpio on Jul 8, 2021

In 2021, there are 45 million borrowers who collectively owe approximately $1.7 trillion in student loan debt...Read More

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What Do Experts See on the Horizon for the Second Half of the Year?

Posted by Ed Olimpio on Jul 1, 2021

As we move into the latter half of the year, questions about what’s to come are top of mind for...Read More

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Applying for a Mortgage with a Credit Freeze

Posted by Ed Olimpio on Jun 8, 2021

Unexpected data breaches can leave consumers’ Personally Identifiable Information (PII) exposed,...Read More

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Building Your Business Credit When Your Self Employed

Posted by Ed Olimpio on Jun 1, 2021

If you are a business owner or if you are looking to start a new business, one of the most overlooked...Read More

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Home Equity Reaches Record Highs- 6 Ways to Put Your Equity to Use

Posted by Ed Olimpio on May 6, 2021

Homes with a mortgage gained an average of $26,300 in equity during the last three months of 2020 versus a...Read More

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3 Things Self-Employed People Need to Know When Securing a Mortgage in 2021

Posted by Ed Olimpio on May 6, 2021

The term self-employed includes those that own 25% or more of any business entity, corporation, LLC, etc.,...Read More

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2020 Tax Preparation Checklist If You Own Rental Properties

Posted by Ed Olimpio on May 6, 2021

Real estate tax rules can vary greatly depending on the type of property and form of ownership, such as an...Read More

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What Is Considered a Jumbo Loan in New Jersey?

Posted by Ed Olimpio on Feb 1, 2021

Home buyers in more expensive real estate markets, like some in New Jersey, often have to use jumbo mortgage...Read More