How Does A Quarter Point Increase in Mortgage Rates Impact Buyers?
Impact of Interest Rates on Homeownership Market fluctuations have given us mortgage interest rates as low as 3% in recent years, but interest rates at 5% to 6% (or even higher) shouldn’t stop anyone from buying. Interest rates do impact affordability, however. Below you can see how large a loan a borrower could obtain for […]
Housing Affordability
There are three things that impact housing affordability. Mainstream media would have you believing that it is only mortgage rates. But, housing prices and wages are also fundamental factors in housing affordabilty. Let’s look at each factor. Mortgage Rates – this is the factor that most people focus on when talking about homebuying conditions today. […]
Take the Fear out of Saving for a Home
If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. Saving for a home doesn’t have to be scary though. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real […]
NJ Real Estate | Got Questions? | The Blanchard Team
Last summer I was challenged to record a video a day for 30 days. The only thing that intimidated me about that was the time it would take to edit the videos. So I decided to record them unscripted and to post them unedited. I had a lot of fun with it and I hope […]
NJ Real Estate and BEYOND!
NJ Real Estate | These things can DERAIL your Loan | The Blanchard Team
House for Sale: 27 Wedgewood Drive, Basking Ridge
Traditional colonial on level lot w/gorgeous paver patio and a gas-burning firepit. Hardwood floors and updated bathrooms are just a few features you’ll find in this four bedroom home. Updates include, but are not limited to: moldings, HVAC, interior painted, all light fixtures and switches, new garage doors, new appliances, refinished floors. New paver patio with […]
NEW LISTING: 55 Newell Dr, Basking Ridge
Fantastic opportunity to own in Basking Ridge. Located on a level lot, this 4 bedroom 2 bath home features an updated kitchen with granite counters and newer appliances. Updated baths with granite counters. 2 car attached garage. Large deck overlooks private back yard. Newer timberline roof. Located close to town and shopping. Top notch schools. […]
Buying a House – Step by Step
You’ve been to many open houses, you’ve been on many home tours with us, you found the home of your dreams and finally your offer has been accepted! Congratulations are in order! But what are you supposed to do now? While we are here to help guide you through the process, it’s still important to […]
Are You Stuck in a Bidding War?
Let’s discuss the bidding war. You’ve been to many open houses, have been on many home tours with us and now you have found the home of your dreams! Let’s get the offer written. First we need the following information we’ll need to compile the paperwork: Your legal names and current address How much do […]