Mortgage and Real Estate Industry Professional Mixer

Posted July 12, 2013 & filed under Events.

On Thursday evening, one of Residential Home Funding Corps.’ mortgage loan originators, Bernie Hartigan sponsored an industry professional mixer along with The Passaic County Board of REALTORS®. The event was held at 381 Main Bar & Grill.

The mixer was a great opportunity for REALTORS, professionals, and service providers involved in Real Estate. The gathering comprised of a vibrant cross-section of the industry, including investors, developers, brokers, attorneys, lenders, and other service providers, principals, and professionals. It was a great opportunity for attendees looking to close deals and develop referral business or just unwind with colleagues.

Residential Home Funding Corp.- Teamwork First

Posted July 12, 2013 & filed under Blog, Events.

Teamwork First- We embrace the entrepreneurial spirit but teamwork comes first

Last night at the Mohawk House, Residential Home Funding Corps. Brad Armstrong, Dave Stein, Bobby Deiorio, and Tom Marinaro were excellent examples of one of the company’s core values- Teamwork First. The Bocce Ball came in first place!

Special Mortgages Company Highlights Reasons to Seek Help When Buying a Home

Posted July 9, 2013 & filed under Blog, special mortgages.

Looking for and financing a home is a lot of work! Why tackle such a tough task alone? Working with a realtor will make your search easier. Working with Mortgages for Champions will make the financing portion a breeze thanks to the available special mortgages the company offers.

When it is time for financing, Mortgages for Champions is able to help. If you work as an EMT, a firefighter, a law enforcement officer, a government employee, a medical professional, an educator or in the military, you can qualify for special mortgages in NJ, NY and PA.

The special mortgages provided by Mortgages for Champions helps community service members to save money and cut back on much of the daunting paperwork that comes with buying a home.

Work With a Realtor for the Home Search

In addition to the mortgage help from Mortgages for Champions, realtors can aid in the home-buying process because they have vast experience searching for homes and know the best resources and tools to use. Realtors will take your criteria and narrow down the massive amounts of homes available to a numbered few that fit your wants, needs and budget appropriately. This will save you time right off the bat!

Realtors also are able to give you great information on the location of your home. When relocating to a new town or even state, you may not be familiar with the school systems, crime rate, etc. Realtors often have this information, which can help you make a better decision on your home’s location.

Realtors are also good to have on your side when it comes to negotiating the home’s price. Being professionals in the field, realtors know what prices are reasonable and what prices are inflated. With a good realtor on your side, you will be able to make a worthwhile offer on good deals or better negotiate with sellers when the price is too high.

Don’t be hesitant to call a realtor when you are on the market for a new home. With a realtor on your side, the house search will be easier, less time consuming and less stressful.

Remember, help is just a phone call away; reach out to Mortgages for Champions and a realtor to help make the home-buying process easier on you and your family. For more information on the special mortgages that are available to you please visit https://www.mortgagesforchampions.com/ or call 888-886-5829.

Residential Home Funding Corp.’s Core Values

Posted July 9, 2013 & filed under Blog, Uncategorized.

Our Customers Are Our Business
Providing excellent customer service will strengthen our reputation, increase our referral business and lead to greater success for our company.

Our Greatest Asset is Our People and Our Reputation
Excellent people lead to an excellent reputation. You can’t have one without the other.

Teamwork First
We embrace the entrepreneurial spirt but teamwork comes first.

Respect for the Individual
We value all of our employees. No one is above the standards that we set as a company.

Communication Leads to Accountability
Without a clear understanding of what’s expected from our people, accountability for our actions cannot be achieved.

Recruit and Retain the Best People
To be an industry leader we need to recruit the best people, one by one, and then give them the tools they need to be successful.

Maintain a Positive Attitude
Difficult economic times sometimes lead to difficult but necessary decisions for our company and people. Maintaining a positive attitude is key to good morale. Negativity breeds negativity.

Do the Right Thing
To do a job well, your motives must be true. If you’re having trouble making a decision, ask yourself, if what I’m thinking is the right thing for the company. If the answer is “yes”, proceed.

Kelly Jack- Mortgage Loan Originator

Posted July 8, 2013 & filed under Blog, Tips From Residential Home Funding's Experts.

“ Having an easy process starts from the beginning! Providing paystubs, W2’s, tax returns, bank statements, ID’s and all documents requested by the mortgage professional will allow the approval process to be seamless.”

Avoid Changes to Your Financial Profile During the Loan Process

Posted July 2, 2013 & filed under All About Mortgages, Blog.

Your lender will most likely ask you to provide proof of your liquid assets. This includes bank statements for checking and savings accounts, verification of investments, and any other liquid assets. Some of the things they ask for may seem trivial, but keep in mind, if you are planning a move to a new home, it’s important to have all documentation readily available. If the lender asks for cancelled checks or deposit receipts to meet certain conditions, you want to be able to find these things quickly to avoid delaying the closing of your loan. Make sure your paper trail is easy to document, and don’t move money from one account to another or open or close accounts.

Major purchases tip the scales against your favor.

Avoid making any major purchases. You might be thinking about purchasing new appliances for the new home. This is not the time to do it. Avoid making any major purchases on jewelry, appliances, furniture, vacations, or anything with a significant price tag until after your loan is closed.

Buying or leasing a car can make a negative impact on the way the lender views your financial status. This is a big ticket item that dramatically affects your debt-to-income ratio. You may feel you have room in your budget to purchase a new car, and think this is a worthy investment if you are looking for a home that will mean a longer commute for you on a daily basis. But by tacking a car payment onto your existing debt, you reduce the amount that you will qualify for in a home loan. A $400 a month car payment can reduce your approved loan limit by as much as $50,000. Think about doing this after your loan is closed if you really need it.

If you have to change jobs, you may be asked to document why this change occurred.

If you are changing jobs to increase your income, that’s a no-brainer for the lender. If you have an erratic work history to start with, another job change may make it look worse for you.

If you are an hourly wage employee, most likely a job change will have no effect on your ability to qualify for a loan. If you have a track record of a consistent amount of overtime or consistent bonuses over the last two years, the lender views this favorably. If you change jobs, there is no way of knowing if the new employer will pay overtime. Many do not! If you work on a salary + commission or straight commission basis, it has a dramatic effect on your stability. If you are considering starting your own business, again, this is something to consider after your loan is funded.

Contact us today and we can tailor a loan program to fit your unique situation.
©2013 Mortgage Success Source, LLC. All rights reserved

Welcome Jacki and Jeff to Residential Home Funding Corp.

Posted June 28, 2013 & filed under Blog, Uncategorized.

Residential Home Funding Corp. would like to welcome Jacki Sendra and Jeff Van Note to our team. In honor of their transition to becoming loan officers at Residential Home Funding, they held a wine and cheese party at Michael Angelo’s in the Bronx. The party was a huge hit and everyone who attended the party got learn a little about Residential Home Funding Corp and what we do!

27th Annual Police Security Expo in Atlantic City

Posted June 28, 2013 & filed under Uncategorized.

This is the first year that Residential Home Funding Corp. attended the Police Security Expo in Atlantic City, New Jersey. The convention took place June 25th & 26th, where Residential Home Funding Corp. had a booth set up to talk to all the law enforcement agents who were in attendance about our Mortgages For Champions home loan program.

One of our loan officers, Kevin Bullock, working the booth at the expo

Rick speaking with some booth visitors

Tom Marinaro and Dana Kyriakou at The Chief’s Welcome Party with Chief Paul Cell and Chaz P

Rick Riddle & Kevin Bullock at the NJ Police Chiefs Dinner. It was Chief Paul Cell’s inauguration as State President of Police Chiefs

Susan Belese at the NJ Police Chiefs Dinner. It was Chief Paul Cell’s inauguration as State President of Police Chiefs

Kevin Bullock with Academy Award Nominated actor Danny Aiello

Tom Delcorio, who is one of our loan , was the DJ at the party. He rocked the house!

Tom Marinaro was awarded the Esteemed Benefactor of The New Jersey State Associations of Chiefs of Police from Chief Paul Cell

Shopping for the Right Mortgage

Posted June 26, 2013 & filed under All About Mortgages, Blog, Uncategorized.

Finding a mortgage that’s right for you should be easy. But there are often many different programs to choose from, as well as a myriad of ways to structure the loan in terms of the amount, term, payment, rate, closing costs…the list of options may seem endless.

However, because there are so many options available, it’s important to seek advice from an experienced mortgage professional who has your best interest at heart. The first step in determining which program is right for you is to ask yourself the important questions listed below. These questions can also help you confirm that you’ve chosen the right mortgage professional as well, because he or she should be asking you the same questions before trying to put any mortgage in place:

How long do you anticipate living in your home?
Do you expect any changes over the next few years, such as expanding your family or having children go off to college or even move away?
Do you expect any changes in income due to promotions, relocations, retirement, inheritance, or pensions?
Are you expecting a change with regard to your investments?
When it comes to investment strategies, are you conservative, aggressive, or somewhere in between?

The reason these questions are so important is that different loan programs will offer specific benefits that will appeal to borrowers at different stages of life. What one homeowner might find desirable might cause another to reach for the Rolaids®.

In the end, be sure you are given a complete picture of exactly how much your mortgage will cost you over the period of time you anticipate having the loan in place. This is the single most important factor you should consider when shopping for a mortgage. Not only does this data illustrate the bigger picture of your financial goals, it allows for adjustments should things change a little sooner than expected. A good time frame for this projection is anywhere from three, five, or even up to seven years.

When shopping for a mortgage, you should always evaluate your choices carefully and consider how they will fit in with your long-term financial plan. Answer the important questions listed above and call me for a free consultation. Together, we’ll find the program that’s best for you.

Youssef Abdelhaim- Mortgage Loan Originator

Posted June 25, 2013 & filed under Blog, Tips From Residential Home Funding's Experts.

Many first time buyers often look to purchase a Condo or Townhouse due to a lower sales price and more reasonable taxes. These factors along with taking advantage of programs such as USDA and FHA financing bring the idea of owning a home, a reality. Unfortunately, guidelines are often overlooked and many times the home is not approved for such financing. These situations can be avoided by talking to a professional about their interest in a home. A Realtor, Mortgage Loan Originator or Attorney can assist in guiding them in the right direction.