Gloucester County, NJ Real Estate

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

More information on:

Reverse Mortgages

100% Financing in Gloucester County

A great video from those bright Philladelphia Real Estate Agents - Chris and Stephanie Somers.  Just had to share it.  Please comment on their blog if you like it!

When you are down and out, or even just a little ho-hum, remember this video.  It is only about 2 1/2 minutes long but it brought a little moisture to my eyes and plenty of zip to my step. Sometimes things just take a little longer then we'd like.  Painfully we have to learn how to put things into perspective, even when friends and family think we are crazy. Press on for the prize!

"People don't live up to their potential. They live up to their expectations of themselves" - Les Brown

Enjoy this short clip and pass it on to someone who could use it.  ~ Steve

Several years ago, I was a sales trainer for a good sized mortgage company. One of my favorite training topics was the use of everyday items that we all already had; e-mail, cell phones, Excel spreadsheets, etc.  I was reminded of this today when I read a post by Leander McClain about a recipe to try for the fall season we are in. Did I print the post out? Of course not! I emailed it to myself.

Consider these e-mail tips, most of which are not too advanced for everyone's use.

• CLEAN HOUSE: I must preface the below tips by saying - CLEAN UP YOUR IN-BOX.  E-mail is truly priceless if utilized correctly.  Spend an hour or two and go through your in-box.  Delete, print out, categorize and store.
• Folders: Anyone who uses email and doesn't have folders set up for various catagories is insane-in-the-membrane.  Find out how to create a folder and create them for things such as; clients, personal, on-time, properties, taxes, bills, receipts, etc.
• Keeping notes:I don't know about you, but the best place for me to keep notes is in my e-mail. Sit down and type yourself an e-mail.  That's right - address just to YOU!  Keep your to-dos, recipes, reference items, passwords, etc. stored in the new folders you created.
• Follow-Ups: Carbon-copy (cc:) yourself on e-mails that ask another person to do something.  When the e-mail comes back, drop it in a "follow-up" folder that you can systematically check once a day, or you can place it in your calendar for follow-up if it is time/date-specific. I suggest not putting basic items on your calendar for reminder if not time/date specific.  You will only frustrate yourself as you delay action on them. 
• Better use of the Calendar: Did you know that in Outlook you can drag and drop an e-mail into your calendar? You can even drop multiple items into a calendared event so that when that meeting comes, everything is there just waiting for YOU.
• Reminders: When utilizing your calendar, set reminders to pop up.  You can set them up for 5-minutes ahead, or even 2 weeks ahead.  EXAMPLE: I dropped my son off at preschool a few weeks ago and there was a sign up sheet for a Thanksgiving party.  I chose to bring paper plates.  So, knowing the incredibly forgetful person I am (I've far surpassed ADHD ...), I walked outside and immediately typed myself a calendar event on my phone, put the reminder for a few days before the plates were needed, and before the event was reminded and went and got plates.  One of the wonderful perks of doing this?  Far less stress.  When you implement this type of system, you don't have to remember so many things.  Your trusted system remembers them for you and reminds you only when appropriate. 
• Syncing your phone: Some of you guys and gals get e-mail to your phone.  I don't.  But what I do is sync my Outlook calendar with my phone.  This way, reminders and events are never forgotten whether placed directly into my phone, or into my Outlook calendar.  It only takes about 20 seconds to sync.

We could discuss another 50 things to do, but I want to keep this simple so the most people can utilize the tools mentioned.  I would love to hear your own systems and uses so we can all boost our productivity. Happy hump-day. 

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

More information on:

Reverse Mortgages

100% Financing in Gloucester County

Our counties across America are experiencing budget shortfalls. I knew this seemed like something I had heard when I read a recent post by Lenn Harley.  So to verify, here is a local post from South Jersey's Courier Post about South Jersey's own shortfalls.

Here are the current estimates ...

• In Camden County, the budget gap is about $5 million
• In Gloucester County, the gap is about $4 to 4.5 million
• In Burlington County, the gap is about $3 million

Unnecessary Expenditures

Thankfully, each county seems to have a plan to curb spending, such as cutting overtime for workers and cutting what some officials consider "unnecessary expenditures".  Of course the question begs to be asked ... If they are "unnecessary expenditures" then why are they there anyway???

The common theme to the budget shortfalls is real estate related.  Let us hope their optimistic outlook and budget cuts are realistic and helpful. 

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

More information on:

Reverse Mortgages

100% Financing in Gloucester County

I just had one of those wonderful situations where you see the twinkle in someone's eyes.  A financial planner partner of mine had referred me to an older couple, ages 78 and 82.  Last night we signed the paperwork for them to finalize their reverse mortgage. Let me set the stage for this, because it is a beautiful thing.

• This couple paid their home off about 30 years ago
• They have been using a TV antenna for their TV stations for 40 years (not cable or satellite).  They literally only have 3 stations left
• They had a small mortgage on the home and some credit card debt
• They were using a home equity loan to pay for life's needs. 

What did the reverse mortgage do for them?  It eliminated their mortgage payments and gave them a very substantial quality of life increase.  Before we were even done signing the gentleman's son made a comment about "Now dad can get a new TV and set up the DirecTV".  This guy worked his butt of and paid his house off 30 year ago.  And now I get to share in the joy of him getting rid of his 30-some year old- barely-working TV, and his 6-foot, 40-year old antenna. 

It couldn't have been more perfectly stated when his son said, "Look at these two ... I haven't seen them this happy in 20 years.  They are like newlyweds."

Some quick facts about reverse mortgages ...

• You must be 62-years old
• Have a fair amount of equity in your home (home does not have to be paid off)
• Income does not affect social security income
• Income from Reverse Mortgage is not taxed
• No payments on this mortgage ever need to be made for the life of the home owner(s)
• The house remains in the owner's name and title is theirs until property is sold
• When the owner no longer lives in the home, those that inherit the home have 6 months (or longer) to refinance or sell, and they will NEVER have to pay more than the home is worth when selling.  Even real estate commissions and other costs will be paid through sale and will not be required above the sales price. 

Reverse Mortgages for all 50 states. Local reverse Mortgage help in Gloucester County, Camden County, and Salem County, NJ.  Call Steve for more information at 856-419-3561.

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

More information on:

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