NJ First-Time Home Buyers

If you are looking for a great option in a new home, this may be a great buy for you. By utilizing a 203k renovation loan when purchasing this home, you can roll the renovation/repair costs all into one mortgage. This allows you to finance all of the work needed to be done, allowing you to customize this home to your personal preferences. You can finance 96.5% of the cost (purchase price plus renovation costs).

This is a great option to consider - call or e-mail for more information.

Steve Kappre | Treasury Mortgage | 856-419-3561 1363 Crown Point Rd, West Deptford, NJ Prime property ready for a 203k purchase/renovation loan. Only 3.5% down payment required. Make this home your very own. Call for more info today. 4BR/1BA Single Family House offered at $97,500 Year Built Unspecified Sq Footage Unspecified Bedrooms 4 Bathrooms 1 full, 0 partial Floors 1 Parking 3 Uncovered spaces Lot Size 7,501 sqft HOA/Maint $0 per month see additional photos below ADDITIONAL PHOTOS Your New Home!! Contact info: Steve Kappre Treasury Mortgage 856-419-3561 For sale by individual owner Equal Opportunity Housing Posted: Jun 18, 2009, 6:29am PDT

Buying a home isn't rocket science. However, somehow, someway, we all still hear horror stories of missed closings, different rates at the settlement table, or points to pay that were never agreed upon. Worse off, in some situations home buyers are put in such a bad situation that they never actually get to buy the house. Their overjoy turns to utter sorrow.

This list could have 100+ tips. Here are just a few things that you can do to help your home buying event run smooth.

Don't shop for interest rate.  Shop for a lender that knows what they are doing.

You want a great, competitive rate, that goes without saying. And this is still important. But proper structuring of a loan can not only get you into a home, but the long term benefits of "better advice" versus "better price" will save you thousands. It will also create a far safer post settlement scenario. After all, who wants to settle on a home with no money left in the bank? When financing is not well structured, a home goes from a dream to a stressful nightmare.

Although you have a family member/co-worker/friend-of-a-friend that is a real estate agent ...

... they may not be the best agent for you. Believe it or not, these people don't always know what they are doing, worse off they are not always out for your best interest, both because they don't know what they are doing and because their very sporadic real estate paychecks are so overdue they would do anything to get another paycheck, even if that means acting not in your best interest. Working with family and friends can be great, but don't assume that just because they know you that they are good at what they do or that they are going to put your needs first.

Work with a lender that has in-depth knowledge regarding credit scores and credit restoration.

Consider these example situations that could arise when a home buyer's credit is "less than perfect"

1. Your credit could be low - and good advice could help your credit score to be high enough for a mortgage approval.
2. Your credit could be low - and bad advice could cause you to not qualify for a mortgage at all.
3. Your credit could be good - and good advice could raise your score and help you get a lower rate.
4. Your credit could be good - and bad advice could lower your score and even disqualify you for an approval.

There are real estate professionals that shoot from the hip advice that is inaccurate. It is hard enough in this market to qualify for a loan. Be very careful about working on your credit and the advice you take-in. Don't be afraid to do some research yourself. A bad move could keep you from buying a home for months or even years.

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Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

If you or a friend have taken the necessary steps to purchase a new home, this scenario may be familiar to you;You make a decent income, you have worked hard to save some money for your purchase, and you are working hard to stay within your means. Then you go to be pre-approved, and it seems like the train is about to come to a screaming halt. YOU HAVE A CREDIT SCORE BELOW 620 AND ARE TOLD THERE IS NO FINANCING AVAILABLE FOR YOU.

Is there financing for people with credit scores below 620?

The short answer is "Yes", there is financing for borrowers with credit scores below 620. The reason many lenders say they cannot finance a loan for a borrower below a 620 score is because the investor that is ultimately servicing the loan has restrictions on top of the regular FHA, conventional, VA, (etc.) guidelines.

This is not to say that anyone can purchase a home that has a credit score below 620. But many people can buy homes with credit scores below 620, and would qualify for a mortgage right now, but are missing out since lenders either don't care or don't know about these options. Remember, a loan officer that works for "XYZ Financial" only knows about "XYZ Financial" loan programs. It is not their job to know about other options and it certainly isn't their job to let you know other lenders have such programs.

The programs that allow for financing with credit scores below 620 are both first-time buyer loans and loans for current home owners. If you or a friend have been denied financing but have a decent credit history, take the time to find out what options you still may have. Take a moment to call or e-mail Steve Kappre's office at 856-419-3561 or via e-mail steve@stevekappre.com. You may also text Steve directly in the text box below.

Steve Kappre is a Mortgage Planner and lends in all 50 states, locally serving South Jersey’s Gloucester, Camden, and Salem County. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com