Explore Hammonton, NJ

By Karl Peidl, Accredited Loan Consultant
Comments 4
Last week everyone was a buzz with excitement.  The Treasury announced they would step up the purchase of Mortgage-Backed Securities issued by Fannie Mae and Freddie Mac in a coordinated move to drive home loan rates down to 4.5%.  As rates have decreased the past week or so, mortgage companies s...

By Karl Peidl, Accredited Loan Consultant
Comments 2
    During tough financial times, news is king. A simple announcement from the media can instantly send the financial and mortgage markets racing in either direction. As the financial markets continue to adjust to the credit crisis, current and potential homeowners will have to adjust and react i...

By Karl Peidl, Accredited Loan Consultant
Comments 0
Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit score translates into lower interest rates for the borrower.Ther...

By Karl Peidl, Accredited Loan Consultant
Comments 0
The Federal Trade Commission (FTC) estimates that as many as 9 million Americans have their identities stolen each year. This means that you or someone you know may have been victimized by some form of identity theft in the past or will likely experience some form of this crime in the future. Id...

By Karl Peidl, Accredited Loan Consultant
Comments 4
Points are up-front fees paid to obtain a better interest rate on a loan. One point equals one percent of the loan amount. A lower interest rate may result in a lower monthly payment, but it is important to consider how long you intend to be in the loan, and to compare current rates to historica...

By Karl Peidl, Accredited Loan Consultant
Comments 4
Believe it or not, we are already at the end of November.  In a couple of days we will all be sitting around a table ready to feast on turkey and all the sides.  The meal may be my favorite part of Thanksgiving, but I thought it appropriate to take a moment to think of all that I am thankful for....

By Karl Peidl, Accredited Loan Consultant
Comments 0
The debates are done, the election is over, and on January 20, 2009, Barack Obama will be inaugurated as President of the United States. No matter where you fall in the political spectrum, no one knows for sure exactly what this will mean to the future of our country. With this in mind, let's pu...

By Karl Peidl, Accredited Loan Consultant
Comments 2
Identity theft is now passing drug trafficking as the number one crime in the nation-with more than 15 million victims every year. Rather than lie awake at night worrying and wondering if your identity has been stolen, you can actually take a simple step to protect yourself...it's called a credi...

By Julie Staradumsky, CREN
(Keller Williams Realty - Atlantic Shore)
Comments 5
WHEN A HOMEOWNER MAY CONSIDER A SHORT SALE   A Short Sale simply put, is selling a property short. This means that if a person owes 200,000 dollars on their house and the market value will only bring buyers at 170,000, you are forced to ask the bank to take less money than what is owed to them. ...

By Karl Peidl, Accredited Loan Consultant
Comments 4
    It's true, negative credit items can remain on your credit report for up to 7 years (up to 10 years for public records, such as a bankruptcy, tax lien or judgment). But this doesn't mean that you have to wait 7 to 10 years to begin reestablishing a good credit rating. Because credit scoring m...

By Karl Peidl, Accredited Loan Consultant
Comments 2
Tips for Stretching Your Tank  The past few weeks have seen a very welcome drop in gas prices.  This morning I passed several stations that were less than $1.70 per gallon.  Even with this reduction in cost, it is still important that we cut down on the amount of gas we use to help keep prices d...

By Karl Peidl, Accredited Loan Consultant
Comments 9
Identity theft is now passing drug trafficking as the number one crime in the nation-with more than 15 million victims every year. Rather than lie awake at night worrying and wondering if your identity has been stolen, you can actually take a simple step to protect yourself...it's called a credi...

By Julie Staradumsky, CREN
(Keller Williams Realty - Atlantic Shore)
Comments 5
We all need to be safe when using the Internet.  Never open an e-mail if you do not know whom it came from, this could save you a big headache. Social networking Web sites like MySpace, Facebook, Twitter, and Windows Live Spaces are services people can use to connect with others to share informat...

By Karl Peidl, Accredited Loan Consultant
Comments 5
Lead By Example Do you suffer from high turnover in the workplace? One issue that is greatly underestimated by most managers is that of employee turnover. It can literally wreck your organization and your continuity.The longer you have a consistent team in place, the more you learn to become an ...

By Karl Peidl, Accredited Loan Consultant
Comments 2
The Federal Housing Finance Agency (FHFA) announced that conforming loan limits for 2009 will remain at the 2008 level, except in certain high-cost areas. The good news, however, is that mortgage interest rates have remained favorable as well. Combine this with lower home prices and an increase i...

By Karl Peidl, Accredited Loan Consultant
Comments 2
The Housing and Economic Recovery Act of 2008 is a $300 Billion rescue plan aimed at helping struggling homeowners avoid foreclosure. Although the bill is several hundred pages long and contains a number of far-reaching provisions, here are the top three changes that may benefit you: 1. Tax cred...

By Karl Peidl, Accredited Loan Consultant
Comments 12
The past two weeks have been absolutely unbelievable.  I'll admit that unbelievable is an over used word, but I have witnessed 3 things that I thought I would never see in my lifetime.  Let's look back...   Item #1:  This started Monday October 27th and actually took over 50 hours to complete.  I...

By Karl Peidl, Accredited Loan Consultant
Comments 16
Today is a day I've been looking forward to for almost 2 years... the day after election day.  I am now free to watch television or listen to the radio without being bombarded by political ads.  The results are in and the people have spoken in record numbers.  Change is here... or it will be here...

By Karl Peidl, Accredited Loan Consultant
Comments 5
Today is one of the most important days on the calendar.  Once every year, we as Americans, get to voice our opinions by voting.  We have the right to choose who will govern us.  This is something that should not be taken lightly. This year is a bit special.  It is on this every fourth election d...

By Karl Peidl, Accredited Loan Consultant
Comments 6
Many people claim to have a thankless job.  Most days, the same can be said for us.  Every now and then we have a day that someone stops and takes the time to say thank you.  Below is a letter I received on Thursday from a woman that just closed on the purchase of her new home. "October 30, 2008 ...

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