NJ First-Time Home Buyers

Mortgage Rates Drop 
Finally, some good news for the mortgage industry! The Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS).  This has caused interest rates on 30-year fixed rates to drop below 6.00%.

If you have been on the fence about buying or refinancing a home, now is the time to act.

Is This A Recipe for Your Success?

• Rates are very low and home prices in many areas are stable, at and around 2003 levels.
• Reports from earlier this month showed an increase in pending sales in Gloucester County, NJ.  
• Energy prices have dropped.
• First-Time Home Buyers will receive a $7500 tax credit if they purchase a home right now.
• 100% Financing available on many homes.
• FHA minimum downpayments are going up .5% come January 1st

I think you'd be hard pressed to find a better time to buy.  Let me offer you some great tips on how to reduce your closing costs and get into a home for the lowest amount possible. 

IF REFINANCING <<< >>> Don't wait until next week. Rates can be (and have been lately) very volatile and this opportunity might not survive even a few days.  

Whether you are looking to buy or refinance, call me today. I'm here to help.  ~ Steve Kappre

Steve Kappre  -  Treasury Mortgage  -  856-419-3561  -  www.stevekappre.com

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Reverse Mortgages

100% Financing in Gloucester County

100% Financing in Gloucester County

Mantua, NJ

Purchase this and similar homes with 100% financing

• No Down Payment to Qualified Borrowers
• No Monthly Mortgage Insurance
• Seller can pay UNLIMITED toward closing costs
• $0 Move-In Possible for Qualified Borrowers
• No Cash Reserve Requirements

Call for more information about qualifying for this great loan. Call now to discuss and gather more information about this property or another of your choice. If a property is chosen in South Jersey or another area, including other states, we will check to make sure that it qualifies for 100% financing.  ~ Steve

Steve Kappre  -  Treasury Mortgage  -  856-419-3561  -  www.stevekappre.com

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Reverse Mortgages

100% Financing in Gloucester County

There was an important article posted on Friday on the Philadelphia Inquirer's website.  Here are some snippets from the article ...

• Pending home sales in September fell 4.7% in the Philly area (4.6% nationally)
• Stalled market in 12 counties
• The only county to show an increase .. was Gloucester ... up 9.0%."  

If you are selling or thinking about buying or selling in Gloucester County, NJ now may be the best time!!  Always fell free to call for more information.

~ Steve Kappre, 856-419-3561

Read the entire article from The Philadelphia Inquirer here.

Steve Kappre  -  Treasury Mortgage  -  856-419-3561  -  www.stevekappre.com

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Reverse Mortgages

100% Financing in Gloucester County

That's right ... true 100% financing available to select areas of South Jersey.  Below is a list of these areas, but not a complete list, so please call for a specific area or property address.  Call Steve at 856-419-3561 for more information. Here are some of the options with this loan ...

• No Down Payment to Qualified Borrowers
• No Monthly Mortgage Insurance
• Seller can pay UNLIMITED toward closing costs and prepaids!
• $0 Move-In Possible for Qualified Borrowers
• No Cash Reserve Requirements
• Must Purchase in an Eligible Rural Area
• Income guidelines must be met

Counties for limits below include:  Gloucester, Camden, Burlington, Salem

Steve Kappre  -  Treasury Mortgage  -  856-419-3561  -  www.stevekappre.com

More information on:

Reverse Mortgages