Hudson County
8901 Kennedy Blvd. 3rd Flr
North Bergen, NJ 07047

Office Email

Phone:
201-453-2000

Fax:
201-453-2090
Team Leader:
Nora Abbasi
  Logo

Featured Property

Subscribe


To subscribe to news from our website, enter your email address here:



Useful links

                                                       
MULTIPLE LISTING SERVICES           
http://new.gsmls.com/publicsite/ Garden State MLS
http://www.newjerseymls.com/  New Jersey MLS
http://www.mlsguide.com/ MLS Guide
http://www.realtor.com/ Realtor.com


NEW JERSEY AND HUDSON COUNTY
http://www.hudsoncountynj.org/ Hudson County
http://new-jersey.schooltree.org/Hudson-County-Schools.html Schools in Hudson County
http://www.njtransit.com/hp/hp_servlet.srv?hdnPageAction=HomePageTo New Jersey Transportation
http://www.state.nj.us/mvc/ New Jersey DMV
http://www.state.nj.us/lottery/home.shtml/ New Jersey Lotto


KEEP IN TOUCH
http://www.facebook.com/KellerWilliamsRealty  FaceBook
http://twitter.com/kwri Twitter
http://www.youtube.com/kellerwilliams Youtube
                                                              

Links to third party web sites may be provided on this Keller Williams web site. If so, they are provided solely as a convenience to you. If you use these links, you will leave this Site. Keller Williams has not reviewed any third party sites and does not control and is not responsible for any of these sites or their content. Keller Williams does not endorse or make any representations about such sites, or any information or materials found there, or any results that may be obtained from using them. Keller Williams does not endorse, does not make any representations regarding, and is not responsible for, any products, actions or policies (including, but not limited to, any privacy policies or customer relations policies) of any third parties. If you access any third party sites linked to this Site, you do so at your own risk.

Hudson County


Deciding how much house you can afford

Before you start house hunting, you need to determine how much house you can afford, which will entail getting either prequalified or preapproved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting preapproved is a more in-depth process, a preapproval letter lets both real estate agents and sellers know that you're a serious shopper who means business.

What do I do to get prequalified?

A prequalification can be done online or over the phone and does not require your submitting financial documents. You will be asked to provide basic information about your finances — for instance, your household income versus your debt load. With this information, the lender will estimate what your maximum loan amount could be if you were to apply.

What about getting preapproved?

A preapproval is more involved and a real estate agent can help you prepare your documentation. The lender will perform an extensive review of your finances, requiring pay stubs, tax records, credit accounts, bank statements and more. This figure will not only be a more reliable estimate of what you can afford, but your preapproval also indicates that a lender is willing to do business with you, pending the purchase price, market appraisal and the underwriting process.

What should I ask when shopping for a lender?

Your real estate agent should have a mortgage broker they are willing to put you in contact with – this lender will be someone they have done business with in the past, and feel comfortable recommending. However, if you decide to do a little comparison shopping and look for a lender on your own, here are a few important questions to ask.

  1. What loan programs do you offer and which one do you think is best for me?

  2. How long will the loan approval process take?

  3. What line items of the loan agreement – if any – are negotiable?

  4. What is your policy for locking in interest rates, and will you honor a lower rate if it declines during the lock-in period?

  5. Are there fees for prepaying on my loan?