Steadily increasing home values in New Jersey, together with growing student loan debt, means that buying a home remains out of reach for many millennials. However, with interest rates still relatively low and the housing bubble well behind us, buying a home is truly...
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You can buy a home after bankruptcy
Bankruptcy can be a truly frightening prospect. One common worry is that bankruptcy will prevent you from ever qualifying for a mortgage, and thus, owning a home.Fortunately, there are ways to minimize the impact bankruptcy has on your financial future, including your...
Why now might be the right time to file for bankruptcy
Don't make the common mistake of filing for bankruptcy later than you should Most people who file for bankruptcy have probably been considering doing so for some time. Generally, people wait longer than necessary to file for bankruptcy, usually hoping that something...
New Jersey eliminates estate tax
The big news for all New Jersey residents is that effective January 1, 2018, the New Jersey estate tax is no more! The federal exemptions have also doubled to nearly $22 Million.This provides a good reminder that we need to use opportunities like this to revisit our...
Three key estate planning documents everyone should have
I don't have a very large estate. Do I really need a will? A prevalent myth is that unless you have a considerable amount of money or assets, you really don't need to have a will. Nothing could be further from the truth. A properly drawn will does many things, among...
Bankruptcy can be an option when credit cards become unmanageable
Credit card delinquencies have risen to levels not seen in years. This trend reflects both the rising amount of household debt and the increasing tendency of banks to lend excessive amounts (e.g., through very high spending limits on cards), despite a borrower's...
What do I need to know about refinancing?
The good news for homeowners in New Jersey is that home prices are up 5 percent in the past year. Mortgage interest rates are still reasonable, as well. As of the time of this writing, a 15 year home loan, which is popular for homeowners looking to refinance, is being...
Why a good real estate attorney matters in your home purchase
You may have heard people say you don't really need an attorney when buying or selling a home. I guess you really don't need a dentist if you have a toothache, or a plumber if your pipes are leaking. Nevertheless, it's probably a very good idea to have one. While no...
Six tips that give you the advantage when selling your home
Ever notice how many different kinds of cereal are in the cereal aisle in your local grocery store? The real estate market is a lot like that, and your home is just one box of cereal in that appealing wall of colorful boxes. If you want to sell your home, how can you...
How your credit score affects how much you’ll pay for a home
A home is the largest purchase most people will make in their lifetime. And no one would claim that buying a home is an easy process. Negotiations, offers, counteroffers, qualification, down payments, mortgage rates, mortgage terms, and many other items are individual...