Gloucester County, NJ Real Estate

Swedesboro - Woolwich, NJ Day 2009 - Sept 26

5k Run

Swedesboro / Woolwich Day 2009 begins with the 5k Dragon Race at 8AM. There is also a 1 mile walk. These two events benefit the Nathaniel Boerlin Scholarship Fund, a scholarship given to a deserving graduate from Kingsway Regional High School. (NateRocksHeaven.org)

Car Show

The Swedesboro / Woolwich Day Car Show is held at the south end of King's Highway. With a dozen different categories, your classic or hot rod has a place to fit in. Pre-registration ended 9/12, but you can still register the day of the show for $20. Parking starts at 10am.

Crafts, Vendors, Community groups

There is great variety regarding the vendor stations; real estate, local professionals, chair caning, churches, crafts, hardware, and of course plenty of food!!

Swedesboro - Woolwich Day runs from 10am - 4pm (Race starts at 8am)

For more information check out SwedesboroWoolwichDay.com

 

 

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

• All areas concerning NJ First-Time Home Buyer Mortgages, grants, down payment assistance, tax credits, 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

Are First Time Home Buyer Mortgage Programs Ending Soon?

For first time home buyers in New Jersey and many other states, the first time home buyer tax credit not only gave some incentive to purchase a home, but it also gave them the availability to purchase homes they otherwise could not have qualified for. Let me explain.

Most states, if not all, have first time home buyer mortgage financing programs. In New Jersey, we have the New Jersey Housing and Mortgage Finance Agency (NJHMFA) that offers first time buyer grants, first time buyer mortgages, and a handful of other great options. In Pennsylvania, there is PHFA.

Many of these finance agencies made available a way to utilize the federal first time home buyer tax credit to buy a home. I'm not talking about settling on a home and getting the tax credit sooner through a revision of 2009 tax returns. I'm talking truly using the federal tax credit money for a down payment and/or closing costs. In New Jersey this is known as the Tax Credit Loan Program, or The "Prefund" Program.

There are several benefits to this program that make it a great option.

1. The interest rate on this program is lower than a first time home buyer program that has a grant program tied to it (Such as the Smart Start program offered by the same agency).
2. The Tax Prefund Program is not restricted to certain geographical areas like some other first time home buyer programs are.
3. Because the interest rate is lower, it allows borrowers to qualify in situations were approval is marginal. The difference in rate from one program versus the other could be as high as .75%. This changes a buyer's debt ratio and can allow for an approval when a buyer's profile is not perfect.

For some first time buyers who's price range is near the lower end of the market, these seemingly small differences make a huge difference to their buying power and loan approval. In 3 of the 4 transactions I personally have originated using this program, these differences were enough to allow for approval. That's three extra buyers this market may otherwise have not seen! That is GREAT news for them!!

Some first time home buyers who wait will be losing a lot more than just $8,000 when the tax credit expires; They will be losing their current oppurtunity to purchase a home.

 

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

• All areas concerning NJ First-Time Home Buyer Mortgages, grants, down payment assistance, tax credits, 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

Mullica Hill, NJ

Gloucester County

Sidewalk Sale

Labor Day

September 7th

 

People come from all around to visit Mullica Hill. This historic town in Gloucester County (South Jersey) is full of antique shops, historic homes, and great local businesses such as coffee shops, the Amish Market, book stores, and more.

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There are always events going on in Mullica Hill, especially around the holidays; Ghost walks and festivals for the fall, Christmas tours for the winter, and the list goes on and on.

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If you are looking to take a nice day trip, or even just spend a few relaxing hours out, don't pass up on Mullica Hill. Along with the nice day out, you may make a great find of anything from an old childhood toy to a great piece of fine art.

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For additional information or upcoming events, check out Mullica Hill's website at www.mullicahill.com.

 

 

 

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