Mortgage Rates in New Jersey

Current rates in New Jersey are 4.081% for a 30-year fixed, 3.587% for a 15-year fixed, and 4.017% for a 5/1 adjustable-rate mortgage (ARM).
Mortgage Rates See Biggest One-Week Drop in a Decade. Mortgage rates fell more in the past week than they have in any one-week period in more than a decade. The average 30-year fixed loan has dropped 22 basis points to 4.06%, while 15-year fixed loans are down 14 basis points to 3.57%, according to Freddie Mac.Mar 28, 2019
Compare today’s average mortgage rates in the state of New Jersey. Bankrate aggregates mortgage rates from multiple sources to provide averages for New Jersey.

To Read more CLICK HERE

Well Maintained Two Story

New price….Listed at just $179,900…this beautiful home is situated on quiet dead end street in north Vineland with a mailing address of Newfield, New Jersey. Home is only 6 years old. Home features 3 bedrooms and 1.5 baths. Eat-in kitchen with oak cabinetry and stainless steel appliances. Spacious living room with ceiling fan. Master bedroom has a walk-in closet. Large rear deck and 6′ vinyl fenced yard. Second floor laundry, security system, natural gas heat and hot water, concrete driveway, shed. Convenient access to Routes 47 and 55. Four years remaining on structural homeowners warranty. Give us a call today for more information on this home or for more info on becoming a first time home buyer. Stacy 856-364-0772

This slideshow requires JavaScript.

This listing presented by The Scott Sheppard Team. Give a call today and ask about property #88 for more information or to schedule a tour.

Stacy Schnell ~ Realtor Associate  Cell: 856-364-0772

Mobile home for Sale Vineland, NJ

 

This slideshow requires JavaScript.

Very well kept home in Vineland Hills. Great starter home or looking to downsize? Home has newer windows. New carpet & new vinyl flooring. Newer Thermopride heater, newer central air system. Built on room has lots of outside storage or can be used as a nice porch. Ceiling fans throughout. Sale subject to park approval. Priced to sell, owner says make an offer.

This listing is presented by Stacy Schnell Stacy Schnell & The Scott Sheppard Team.

Call Stacy today to schedule your private tour.    Stacy Realtor 856-364-0772

Move-in ready bungalow on quiet street

Listed for just $148,000. This bungalow features a completely upgraded kitchen, maple cabinets with soft-close drawers, granite countertops, tile backsplash, tile flooring and recessed lighting. Kitchen opens to dining room and living room with bamboo floors. Living room has a gas fireplace and ceiling fan. Full basement with bilco doors, walk up attic with attic fan. Roof 6 years old, replacement windows, security system, covered front porch, rear maintenance free deck, fenced yard, driveway parking with carport in rear of home, shed. Natural gas heat and hot water, central air condenser 1 year old, public water and sewer, Mt. Pleasant Elementary School. Easily accesible to Routes 49 and 55.  This property is presented by The Scott Sheppard Team. Give us a call to schedule your private tour today! Ask about home # 89. Stacy Schnell ~ Realtor Associate Cell: 856-364-0772

This slideshow requires JavaScript.

Well Maintained Two Story

New price….Listed at just $179,900…this beautiful home is situated on quiet dead end street in north Vineland with a mailing address of Newfield, New Jersey. Home is only 6 years old. Home features 3 bedrooms and 1.5 baths. Eat-in kitchen with oak cabinetry and stainless steel appliances. Spacious living room with ceiling fan. Master bedroom has a walk-in closet. Large rear deck and 6′ vinyl fenced yard. Second floor laundry, security system, natural gas heat and hot water, concrete driveway, shed. Convenient access to Routes 47 and 55. Four years remaining on structural homeowners warranty. Give us a call today for more information on this home or for more info on becoming a first time home buyer. Stacy 856-364-0772

This slideshow requires JavaScript.

This listing presented by The Scott Sheppard Team. Give a call today and ask about property #88 for more information or to schedule a tour.

Stacy Schnell ~ Realtor Associate  Cell: 856-364-0772

Great potential on this South Jersey Farm

So much potential on this 12.43 +/- farm situated in East Vineland, which is located in Southern New Jersey. Three road frontages, level topography. Perfect for horse farm. 60 x 90 pole barn with riding rink and a 36 x 60 horse barn with nine 10 x 12 stalls. Convenient access to Route 55, 47, 552 and 49. Property consists of 11.94 acres Q Farm of total 12.43 acres.  Buyer responsible for any rollback taxes.  Other Structures: Barn, Horse Stable, Other, Pole Barn, Riding Ring, Storage Barn/Shed. Call today with your questions! 

Stacy Schnell – Realtor Associate Cell: 856-364-0772

This slideshow requires JavaScript.

 

Understanding Your Credit Score

What Is A Credit Score?

When lenders evaluate a loan application, a process called underwriting, they try to evaluate your ability and willingness to repay the loan. They judge the borrower’s ability to repay by reviewing the income and stability of past earnings. This practice helps the lender to determine if the borrower can afford the loan payments. The review of past credit history is used to judge the willingness of the borrower to repay the loan.

Lenders want their evaluation to be as accurate, objective and consistent as possible. To help achieve this goal, home mortgage lenders use credit scores to assist in the underwriting process. Credit scores are numerical values that rank individuals according to their credit history at a given point in time. A credit score is based on past payment history, the amount of available credit, and other factors. According to Fannie Mae and Freddie Mac, two large investors in mortgage loans, credit scores have proven to be very good predictors of whether a borrower will repay his or her loan.

Credit scores are just one of many factors considered in the underwriting process. The lender will review the many components that make up the financial situation of a borrower. Even when a credit score is low, there are other factors that could overcome the negative credit issues and satisfy other underwriting criteria.

Click HERE to read more. As always, please feel free to call me anytime with your real

estate questions and needs.

Stacy Schnell – Realtor Associate – Cell : 856-364-0772

Getting Pre Approved for a Mortgage

first time

Though you may be willing to spend a certain amount, the real determination of how much house you can afford is driven by how much a lender calculates you can afford. So before you begin to search for the perfect house, it is very important to begin the homebuying process by getting preapproved. Getting preapproved for a home mortgage loan will provide you with a preliminary statement on the size of loan for which you can qualify. Knowing this, you can then focus your home search.

In general, lenders allow your total monthly housing costs to go as high as but not more than 30 percent of your gross monthly income. The second requirement is that not more than 36 percent of your gross monthly income can be tied up in the total monthly house payment and payments on long-term debt.

Visit my Website to read more and for adiitional information about obtaining a mortgage. Please feel free to give a call anytime for assistance with the home buying process!

Stacy Schnell – Realtor Associate – Cell: 856-364-0772

Move Right In

This slideshow requires JavaScript.

Listed for just $215,000 this move-in condition rancher in quiet neighborhood on dead end street in Minotola which is located in Buena, New Jersey.  Home features 3 bedrooms & 2 bathrooms. Eat-in kitchen with granite countertops, tile backsplash, hardwood flooring and center island. Kitchen opens to a spacious sunroom. Sunroom has tile flooring, exposed beams and ceilng fan. Family room has exposed beams and gas fireplace. Master bedroom has hardwood flooring, ceiling fan, plantation shutters and a full bathroom. Other features include a brick front exterior, front porch, paver driveway, formal living room, large rear deck, fenced yard, shed and in-ground pool. Buena School System. This home is eligible for 100% USDA Guaranteed Financing.

Stacy Schnell – Realtor Sales Associate – Cell : 856-364-0772

www.stacyschnell.com    /  www.thescottsheppardteam.com

Millville New Jersey 4 Beds & 3 Baths

This slideshow requires JavaScript.

Priced to sell at just $199,900 this spacious two story home on quiet corner lot is located  in Whitemarsh Estates in Milville, New Jesey . Home features 4 bedrooms and 3 baths. Eat-in kitchen with cherry cabinets, granite countertops and stainless steel appliances. Kitchen opens to family room with wood burning fireplace. Separate dining room off kitchen, formal dining room, office, laundry room and full bath on the first floor. Large master bedroom with walk-in closet and two double closets. Master bath has soaker tub, tiled stall shower and double vanity. Middle upstairs bath has tiled shower and double vanity. Full basement, ceiling fans, security system, two car attached garage with automatic door openers, natural gas heat and hot water, central air, public water and sewer. Rear paver patio, six foot vinyl fenced yard. Rieck Avenue Elementary School. Call today for more details or your private tour!

Stacy Schnell – Realtor Sales Associate – Cell : 856-364-0772

www.stacyschnell.com    /  www.thescottsheppardteam.com