Now Is The Time To Buy! Today’s Money is “Cheaper”
How Short Term Mortgage Loans Have Made Money “Cheaper” is brought to you today by Nancy Kowalik Real Estate Group, South Jersey’s #1 Real Estate Team, and Kenneth Reagan, Senior Loan Officer of Greentree Mortgage. We work together closely to make our clients’ dreams come true!
Today’s Money Is Cheaper- Short Term Mortgage Loans Save You Money In The Long Run!
If you are looking to buy your next home. There’s something you should know. There is no better time than the present! Mortgage Rates are at an ALL TIME LOW!
As an alternative to amortizing your payments out over a 30 year period you should consider a shorter term loan. Ten,15, and 20 year fixed rate mortgages are more popular than ever.
Conventional Loans Requirements Have Changed!
Today homebuyers can obtain a conforming loan up to $548,250 with less money down. In fact, according to Greentree Mortgage Senior Loan Officer Ken Reagan, 1st Time Home Buyers can obtain Conventional loan for as little as 3% down.
If you’re thinking of buying your next home. Call us at 856-478-6562 to speak with one of our 5- Star Professionals, or fill out the form below. We will walk you through every step of the process.
Today’s Money is “Cheaper” Let’s Look at Jumbo Loans
Jumbo loans are also available for primary homes, vacation homes, and investment properties. The average rate of interest on these loans is slightly higher typically because of the higher risk involved for investors.
Perks of Jumbo Loans
Though a jumbo loan requires a high down payment, high credit score and reserves, the perks of getting this loan are also jumbo. Benefits include:
- Tax benefits are amazing- Interest on loans up to $1 million are tax deductible.
- Jumbo loan refinancing can yield huge savings
- In leu of a large down payment borrowers can put their money to work for them in the financial markets. ( Stocks, IRA’s, Money Markets)
Jumbo loan is an excellent choice for those looking to buy a luxurious higher priced home in posh area.
For more information and advice get in touch with us today! Call Ken Reagan @ Greentree Mortgage (609) 706-1117 can help you determine whether or not a jumbo loan is a suitable for you and help you choose between various options.
We can also assist you with paperwork for jumbo loan application submission and get loan approval which otherwise can be stressful and a time-consuming process.
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About Nancy Kowalik Real Estate Group
Nancy Kowalik Real Estate Group is an award-winning boutique real estate brokerage specializing in all facets of Southern New Jersey’s robust residential real estate market. Founded in 2016, the firm has quickly become one of the state’s leading independent brokerages, known for its home sale guarantee. Based on a pre-determined, agreed-upon price and timeframe, founder and owner Nancy Kowalik guarantees the sale of her client’s ho.me with the promise that the firm will purchase the property if it is not sold. Kowalik’s office culture focuses on teamwork and philanthropy. With 12 full-time agents working as a team, the firm promises 5-star service. Under Kowalik’s lead the group has given over $80,000 to a local non-profit since 2017 and has been an ongoing supporter of local High School and intramural sports programs. For more information go to www.southjerseyteam.com