Robert's Blog

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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.
RECENT BLOG POSTS
  Product Spotlight:  Have you had any difficult to qualify clients? Our Simple Access program is here to help! This program will help Self Employed buyers qualify allowing us to use: 12-24 Months of bank statements to show cash flow instead of tax returns. 1099s only Investment property, Cashflo...
06/23/2022
As I came up with the idea for this post, and started to put it together I realize it sounds like I am anti Association...That is not true, but there are things to be aware of when purchasing a home the is in an association.Beyond some of the obvious items that include rules you must abide by, as...
04/20/2022
 First off... I have spent almost 35yrs in this crazy business in a predominantly zero point market place in NJ.  In English: We don't pay points here (not often at least)If you have not been paying attention we have had a pretty solid 2% increase in rate since the end of 2021, and even more if y...
04/07/2022
There is a widely popular TV Commercial that has a Cow telling you how to boost your credit scores... in my experience it has not helped my clients.To be fair, I have not seen a before and after with this service, but I have seen numerous clients that have used it and they never have great scores...
03/30/2022
Be forewarned, this may come across as a little bit of a rant... Have you ever heard: If it sounds too good to be true, it probably is?  I am always shocked when people do not understand that concept.I am writing this based on a hand full of recent experiences with clients. 1) I will start start ...
02/24/2022
4 What?How about 30yr fixed rates flirting with 4's NOW...   I have been saying rates will be going up but everyone has become so accustomed to low rates it will be a shock when it is quoted or shows up on commitments and loan paperwork.We are already starting to see 4s for some scenario's where ...
02/09/2022
This is pretty important news, We are just a few months away from new Certificate of Occupancy requirements for any Toms River Re-sale.I took a quick look at the requirements and they appear to be significant, and possibly the most difficult CO inspection in our area (probably similar to Island H...
02/08/2022
 On 2/2/22 Fannie and Freddie (FNMA and FHLMC) eliminated the COVID overlays for Self-employed borrowers reverting back to pre COVID Guidelines.We no longer need P&Ls and Bank statements to show proof the business is function in the pandemic world as we have had to do for the past 22 months. This...
02/04/2022
Wire Fraud continues to plague consumers. It is important to pay VERY close attention before blindly sending funds. As a company we have noticed many attempts to outright steal our clients money and recently observed it to happen at a greater frequency.I have always told my clients to verify with...
02/04/2022
  Happy Groundhog Day! Calendar reminder: If you have any clients currently looking or in process, 2/1 is the magic day that lenders will require the new 1099s or W2s for their files. The IRS requires 1099s and W2s be sent out the end of January so as of 2/1 it will be a requirement for any loan ...
02/02/2022
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Robert Rauf

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smartphone732-740-0175
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The mortgage market is ever changing, do not be afraid to ask what is new!