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For your consideration: Our observations regarding What's holding back the housing market?

For your consideration: Our observations regarding What's holding back the housing market?

Relocating: Get my new mortgage here or there?

Q: I am moving to another state and would like to get qualified for a mortgage on a home I will buy in the new state. I will be selling my home in New Jersey.

A: There's no doubt that relocating to a new state can pose challenges. Depending upon where you're going, you might be able to find a lender here in New Jersey who also has operations in the new state (or a lender in the new state with operations in New Jersey) giving you a local office to help manage the process. Failing that, you should look to mortgage lenders in the new state with outlets near to where you are hoping to move, which will give you access to local resources to help you.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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Q: How do I find out who owns my mortgage?
FEB 20, 2024
A:

The owner of the loan is most often the "investor" -- the entity who put up the actual funds to make your mortgage happen.

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Q: What loan amount does a mortgage need to be for it to be considered a Jumbo Loan?
NOV 28, 2023
A:

This question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....

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Q: What does the term ‘conforming’ mean?
SEP 21, 2023
A:

Simply put, a "conforming" mortgage "conforms" to a set of standards so that the loan can be eligible to be sold to Fannie Mae or Freddie Mac.

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