Explore Hammonton, NJ

By Karl Peidl, Accredited Loan Consultant
Comments 6
    If you are thinking about selling your home, it is wise to consider using a qualified real estate professional to assist you. The first reaction may be to call the Realtor who sold you the home to begin with, but this is not necessarily the best plan of action. Some real estate agents specia...

By Karl Peidl, Accredited Loan Consultant
Comments 0
Understanding What Causes Interest Rate Movement The Federal Reserve constantly evaluates the US economy and, when necessary, takes steps to address inflationary concerns and avoid economic recession or depression. The mass media, in turn, reacts by providing a wide range of opinions and interpr...

By Karl Peidl, Accredited Loan Consultant
Comments 10
Effective February 15, 2009the interest rate for the Police & Firemen's Retirement System Mortgage Loan Program will be 3.75%.  This program is only available for First Time Home Buyers.   Currently there is approximately $64,000,000 in available funds. Funds dried up very quickly the last time t...

By Karl Peidl, Accredited Loan Consultant
Comments 8
1. PROGRAM DESCRIPTION: Accumulating the funds for downpayment and closing costs is a common barrier to potential homeowners.  The Smart Start Program is available to participants in the Agency's first mortgage homebuyer's program who are purchasing homes in Smart Growth areas.  The program helps...

By Karl Peidl, Accredited Loan Consultant
Comments 9
    Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. A borrower may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the type of loan that they have. Borrowers who start...

By Karl Peidl, Accredited Loan Consultant
Comments 0
 1. Pre-approval - Get pre-approved for a mortgage and know in advance exactly how much house you can afford. Completing this step will also increase your negotiating power since you'll be viewed as a "cash buyer". 2. Loan Search - Put yourself in the hands of an experienced mortgage professional...

By Karl Peidl, Accredited Loan Consultant
Comments 2

By Karl Peidl, Accredited Loan Consultant
Comments 0
In response to the higher mortgage default rates being experienced by Fannie Mae and Freddie Mac (the largest buyers of 30-year fixed, conforming mortgages), the formal announcement of "Risk Based Pricing" was established during 2008. Before this was announced, a 30-year fixed loan was basically ...

By Karl Peidl, Accredited Loan Consultant
Comments 0
I've got good news and bad news...which do you want first? OK - here's the good news. Interest rates are at historic lows, making it possible for many homeowners to refinance and improve their financial position - and combined with homes listed currently at bargain prices, those who are in the ma...

By Julie Staradumsky, CREN
(Keller Williams Realty - Atlantic Shore)
Comments 5
  It's that dreaded time of the year again, time to start preparing your tax returns. And since 2008 was one of the toughest years in the history of our financial markets, this also may be a time that many of us learn exactly how much of a hit our investments and retirement accounts actually too...

By Karl Peidl, Accredited Loan Consultant
Comments 4
Setting Salaries and Bonuses for Your Assistants A good assistant can make all the difference in business. It can be the difference between doing fine and doing great, between breaking even and being profitable.So what's the best way to get (and keep) someone good? Make sure they're well compens...

By Karl Peidl, Accredited Loan Consultant
Comments 4
    A prepayment penalty is a fee charged to borrowers that make full payment on their mortgage, or pay off a substantial portion (generally anything exceeding 20% of the total loan amount), ahead of schedule. This is a clause written into some contracts to protect the lender's book of business ...

By Karl Peidl, Accredited Loan Consultant
Comments 2
  The Fed is meeting January 27th and 28th, and its actions could impact home loan rates! Don't Wait. Call me before the Fed acts so we can review your situation and determine if there's anything you need to do.       Karl PeidlSenior Mortgage ConsultantSuperior Mortgage Corp(800)706-6671 x4349k...

By Karl Peidl, Accredited Loan Consultant
Comments 0
While it might be tempting to borrow whatever amount of money your lender is willing to give you, it's important to think carefully about how much you'll actually need to borrow in order to purchase a new home. From the down payment to taxes to insurance and interest rates, there are many factor...

By Karl Peidl, Accredited Loan Consultant
Comments 0
I came into the office this morning to find the latest email notifying me of guideline changes.  In the current mortgage environment, this is a daily occurrence.  Often, we are notified ahead of time regarding changes and loans in progress get grandfathered into the previous guidelines.  Other ti...

By Karl Peidl, Accredited Loan Consultant
Comments 4
I have always considered myself to be very patriotic.  I believe that the United States of America is the greatest country in the world and there is no place I'd rather call home.  Today is an example of why I believe this to be true.  To witness a peaceful transfer of power is something most cou...

By Karl Peidl, Accredited Loan Consultant
Comments 2
  Since its inception, the Internet has caused a fair share of controversy. Some people see it as a valuable tool while others consider it the devil's playground. Wherever you stand, one thing is certain - it has changed our idea of commerce forever.eBay® is a perfect example. On this website, t...

By Karl Peidl, Accredited Loan Consultant
Comments 0
When a borrower enters into a contract to make bi-weekly payments on their mortgage, the amortization schedule is accelerated. For example, with a 30-year amortization schedule, the borrower makes 12 payments per year. In a bi-weekly arrangement, the borrower makes 26 'half' payments, which allo...

By Karl Peidl, Accredited Loan Consultant
Comments 0
  Did you know that the major credit bureaus sell your personal information? It's true! Known as "trigger leads", the files of borrowers applying for a home loan are immediately flagged, packaged, and sold by the credit bureaus to the highest bidders. For about $25 to $100 or more, your name and...

Hammonton, NJ Real Estate Professionals