News and Videos

The Zastko Report - March 2013

The Zastko Report March 2013 Reports in the real estate market continue to be very positive.  Is this also consistent with our local market in Central Jersey?  What about rising interest rates and fees?  This month, Andrew Zastko and Cooper Ford take another look at the activity in the local real estate market and the shortage of available homes, and what it means.  Also, they discuss the rising mortgage rates and fees and how it impacts home buyers and sellers. Curre [...]

The Fiscal Cliff Deal: Good News for Housing (Mostly)

In the weeks coming up to the Fiscal Cliff, there was a lot of uncertainty in the real estate market.  For example, would the Mortgage Interest Deduction (MID) be preserved?  Would short sales result in higher taxes for those who sell?  Once the dust settled and the deal was done, the results were generally positive for homeowners.  Here are some of the highlights: Mortgage Interest Deduction (MID) – Generally remains intact for most homeowners, which means t [...]

How the Fiscal Cliff Could Affect Homeowners

The "Fiscal Cliff" continues to dominate the news, as Washington works to avoid the detrimental impact to our fragile economy of doing nothing.  For homeowners, both current and future, there are several possibilities that could have a significant impact, not only personally, but on the real estate market as a whole. Accoding to a recent article on Fox Business, there are several areas of concern.  First is the Mortgage Interest Deduction (MID).  While few people bel [...]

The Zastko Report - August 2012

The Zastko Report August 2012 The Summer is coming to end, but is it the same for the Central Jersey market?  This month, Andrew Zastko and Cooper Ford take another look at the activity in the local real estate market, the shortage of homes, and what it means.  Also, they take a look at the latest on the Transit Village in North Brunswick, as well as the rise of rentals.  Finally, an explanation of "average home prices" and what it really means for local homeowners [...]

The Zastko Report - June 2012

The Zastko Report June 2012 The momentum continues to build in the Central Jersey real estate market.  This month, Andrew Zastko and Cooper Ford discuss the current state of affairs locally, as well as some of the continued challenges.  Also, they highlight their experience with a new, no-PMI program from Sun Home Loans that's helping many buyers save money on buying a home.  Finally, they discuss some helpful tips for buyers preparing to buy a home, as well as sellers p [...]

Home Shortage Creates New Challenges

Recently, the Los Angeles Times reported a shortage of available quality homes in several different real estate markets, as buyers are competing over those that are currently available.  Locally in Central Jersey, we've seen similar trends, where quality homes that are priced well in certain markets are selling quickly, whether it's new construction townhomes in North Brunswick or larger colonial homes in neighboring South Brunswick.  Even investment properties are [...]

The Zastko Report - May 2012

The Zastko Report May 2012 This month, we focus on mortgages.  While it's not usually the first thing people think of when buying or selling a home, it plays an important role in the process, because it is what enables the vast majority of people to purchase a home.  So, what impact are mortgages having on the market?  Can investors take advantage of them?  What does the future hold?  Andrew Zastko, one of Central Jersey's top Realtors, discusses some of th [...]

Is it REALLY cheaper to buy a home than rent?

There's a growing mantra in the real estate community, "It's cheaper to buy than rent, it's cheaper to buy than rent..."  It seems like there's a new article out each week.  Even this past week, Trulia released a new article and illustration, claiming that in 98 of 100 metro areas, it is cheaper to own a home than to rent something comprable.  However, is this really the case, or just a bunch of self-serving salespeople who trying to manipulate you into [...]

How Important is a Mortgage Pre-approval Letter?

Click to view the video When buying a house, many people understand that they need to get a mortgage.  Yet, there are cases where they will only get a pre-qualification letter, which may cause them to lose a potential home, or not even get one until they have found a home they like, only to discover they don't even qualify!  So, what are the signs of a quality pre-approval letter?  What should one look for?  Alan DiGiovanni, a mortgage professional, answers some of [...]

What Do You Really Need to Get a Mortgage?

There seems to be a persistent misconception that people need perfect credit or a huge downpayment to buy a home.  In reality, the short answer is that it depends on each individual, but many people are successfully able to make it happen.  To provide some clarity as to the truth of the matter, we went directly to the source and brought in Alex Rivera, Vice President and Mortgage Banker at Jersey Mortgage.  He shared with us some fantastic insights about today's process i [...]

Your Credit Report

Your credit history is a critical factor when obtaining a mortgage loan. It communicates your past willingness and ability to meet credit obligations and gives the lender a good idea about how responsible you will be in making your monthly mortgage payment. Do not despair if your credit report is less than stellar. If you've made some mistakes in the past but your current credit patterns are good, many lenders will take that into account and may be willing to make you a loan. Get a copy [...]

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