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  • Why Buyers Choose Julie Corbo - Why homebuyers looking for a real estate agent in the Montclair, Glen Ridge and Bloomfield area choose Julie Corbo.

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Real Estate Tips
Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Real Estate Trivia
Q 
What is an encumbrance against a property, which may be voluntary or involuntary?

A 
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.
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Julie Corbo, REALTOR®, real estate agent and broker for Montclair, Glen Ridge and Bloomfield, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Julie Corbo
Broker / Associate

Keller Williams Realty
NJ Metro Group
Montclair, NJ 07042
Office: (973) 783-7400
Cell: (973) 650-6189
Fax: (973) 509-0918
juliecorbo@NUMBER1EXPERT.Com
julie@juliecorbo.com

As a realtor, I am a consistent high-producing, service-oriented, full-time professional, passionate and focused in the details of all my transactions. Having lived in the Montclair area for over 20 years, I have the expertise in guiding BUYERS through each community and matching their lifestyles where they best fit. For SELLERS, my negotiating skills, sharpened and refined by 20 years of global travel and international media sales - negotiating agreements in a multi-cultural environment - makes me an ideal Listing Agent assisting my Sellers to create an environment to bring in the most buyers, manage multiple offers, negotiate the highest price, and similarly, take each transaction smoothly to the closing table.

CDPE Equal Housing MLS REALTOR


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