Robert's Blog

Mortgage and Lending - HomeBridge Financial Services (NJ) - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
Federal Housing Financing Agency Eliminates Adverse Market Charge for RefisThe FHFA oversees Fannie and Freddie and has made some very unpopular moves the past year that increased the costs of a lot of mortgages for home buyers and home owners.  Thankfully they eliminated this charge.This is a VE...
 In a previous post I discussed the effects on Second homes and Investment property. The Preferred Stock Purchase Agreement (PSPA), recently executed and effective immediately, impacted the percentage of second homes and investment properties the GSE’s  (FNMA and FHLMC) are permitted to purchase ...
There has been entirely too much talk of a housing bubble. This is an entirely different market than we ever had before, I lived through the previous 2 bubble pops and the data just is not hinting at a pop at all and here is why: Check out this video:
Here is an update to my previous post Via my own talking head.  Check out this video:  in case the above link doesn't work:    Call me for all your residential ...
         Rates are climbing for both Investment and Vacation Home MortgagesEarlier this month both Fannie and Freddie announced new limits on loans secured by second homes (vacation properties) and Investment properties. The Treasury Department along with the Federal Housing Finance Agency (FHFA)...
After decades in this industry I am still surprised at what happens. Yesterday was a doozy...  Standing at my desk yesterday morning (I'm cool like that, I have a fancy standing desk....)  I get an email from an agent I know, but do not do a lot of business with.. "Fully executed contracts for yo...
As a reminder, 2020 W2 and 1099 forms must be sent/made available to employees (borrowers) no later February 1, 2021 – (as January 31, 2021 falls on a Sunday). THIS IMPACTS PIPELINE LOANS.    Specifically,  for any loan closing/signing on or after February 1,  that is subject to the “most recent”...
Yesterday afternoon my Homebridge family received some horrible news.  One of our region's closers had a horrific fire in her home yesterday and she lost her 25yr old son, which I cannot even imagine how that would feel and hope I never have to.I just logged out of the go fund me page and was mov...
 Did you know we have seen some of the HIGHEST mortgage rates in YEARS at the onset of the pandemic?  Rates were moving so fast that they would change as we were on the phone with our clients  and we briefly had rates well into the 5's this spring as the market struggled to gain it's footing. Tha...
A few months back I wrote this Blog about Qualifying Self Employed Borrowers in the world of the Corona Virus.  This is an update to that blog, and Thankfully the guidelines are a little more simplified nowFirst a little history.  Fannie and Freddie never asked for a P&L (but lenders often did). ...


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The mortgage market is ever changing, do not be afraid to ask what is new!