How Much Does a 1% Interest Rate Drop Save on a 15-Year or 30 year Fixed Mortgage?

Getting the best possible interest rate on your mortgage can ultimately save you thousands of dollars. Knowing how different interest rates affect your monthly payment can prove an invaluable tool when making a decision, whether you are seeking a new mortgage or refinancing an existing one.

Tip> 1% interest rate drop could save you whopping $60,276.16 in $300000 loan in 30 years . Check your at our calculator http://njfind.com/financial-calculators

Mortgages and Interest Rates

When you purchase a 15-year fixed-rate or 30 year fixed rate mortgage, the interest rate will stay the same for the entire life of the loan. Your monthly payment is based on the interest rate you negotiate with your lender and is structured to pay off your mortgage by the end of the 15-year period or 30 year period resp. 15 year is typically the shortest fixed-rate period offered by lenders and will allow you to pay off your mortgage faster and pay less interest than with a longer term loan. However, the shorter term means your monthly payment will be higher, so consider whether you can afford it. Also when you take 30 year fixed, you are stretching your dollar which is depreciating in years or what dollar can buy today, will be lot less in 30 years.

So as per calculator,

loan amount in $ Interest % # of years Monthly Payment: Number of Payments: Total Payments: Total Interest: saving
per month saving
300000 4 30 $1,432.25 360 $515,608.52 $215,608.52 0 0
300000 3 30 $1,264.81 360 $455,332.36 $155,332.36 $60,276.16 $167.43
300000 4 15 $2,219.06 180 $399,431.48 $99,431.48 0 0
300000 3 15 $2,071.74 180 $372,914.09 $72,914.09 $26,517.39 $147.32
This table made by Anil Aggarwal using Financial Calculator provided free at his website :http://njfind.com/financial-calculators
Posted on October 31, 2019 at 3:15 am
Anil Aggarwal | Category: financial calculator, Seller Tools | Tagged

Title insurance and the home-buying process

Just like car or homeowner’s insurance, title insurance is designed to protect individuals from catastrophic financial loss. While homeowner’s insurance protects physical assets, title insurance protects an invisible, but equally important, asset: the right to own your home free and clear of any hidden problems.

Despite its importance, many home buyers aren’t aware they need to buy title insurance until closing time. They’re often surprised to learn they need title insurance and that they’ll have to pay for a policy as part of their closing costs.

With so much mystery surrounding title insurance, it begs the question: What is title insurance and how does it factor into the home-buying process?

What is title insurance, and why is it needed?

What would you do if you purchased and moved into a house, only to find out three months later that the previous owner’s niece is claiming it’s her house and she’s got a lost will to prove it? What recourse do honest home buyers have in a situation like this?

That’s where title insurance enters the picture. Title insurance is a special type of insurance that protects against hidden problems with a title that might arise after a house is sold. Due to the complexity of real estate transactions, the list of possible title issues is extensive: record-keeping errors at the clerk’s office, unknown liens against a property, unpaid taxes, missing heirs, as well as outright fraud and forgery of documents. Some of these problems may not be found until long after the closing papers have been signed and buyers move in.

While not common, title issues could lead to serious financial loss or being forced out of a property. These include properties bought in good faith, where protocols were followed “to a T” by everyone involved.

Is title insurance always necessary?

Yes. Lenders require borrowers to carry title insurance to protect their financial interests. Homeowners can also purchase their own optional policy separately. Each type of policy covers different circumstances and dollar amounts.

There’s been some debate recently about title insurance. Many home buyers don’t fully understand the value of title insurance, while some financial professionals may wonder how valuable it continues to be. But these questions don’t dismiss the value of title insurance when a buyer needs to call on their title insurance policy.

While the actual number of title-related claims is relatively small, the real estate and land recording process is not always an accurate one. Title problems can arise, and when they do, they can be staggeringly expensive, time-consuming, and stressful to resolve.

Consider this scenario based on a real-life story:

Jared and Sonia had just barely settled into their dream house when their attorney called them with some unpleasant news: There was a pre-existing lien on the house from the previous owner. And because they were the new owners, the lien was now theirs. Turns out the county clerk had filed the previous owner’s loan paperwork in the wrong place, and it got overlooked.

Thinking their lender’s title insurance covered them, they didn’t bother to purchase a homeowner’s policy. Unfortunately, the lender’s insurance was of no help because it was a homeowner’s issue. This oversight ending up costing them $2,000 to pay off the lien. In this case, they were lucky. What if the lien was for $50,000 or $100,000 instead? Jared and Sonia shudder to think of the possibility and wish they would have purchased a homeowner’s policy beforehand.

Again, the chance of title problems are relatively rare, but when they do happen, having title insurance can mean the difference between a straightforward resolution or a nightmare that drags on for weeks, months, or years.

What is the best approach to getting title insurance?

Getting title insurance is a two-part process. First, a thorough search of a title’s history is undertaken to discover any errors or encumbrances. Once that’s completed successfully, the title insurance policy is underwritten.

You have a couple of options when it comes to purchasing title insurance. You can either buy it through a title company or use a larger title and escrow agency. However, there are additional benefits with going to a larger agency that can handle more than just your title insurance.

A title and escrow agency can:

  • Work as your escrow partner and closing agent. The agency can handle all aspects of your real estate transaction including the execution of critical documents, funding of loans, and signing of paperwork.
  • Help you stay on top of everything. An agency that offers centralized processing through technology makes it easy to access your documents online and stay on top of the different steps of the real estate transaction.
  • Help you save money. With a larger agency, you often can get the most competitive price on a title insurance policy.

Article from https://blog.timios.com/posts/title-insurance-and-the-home-buying-process

Posted on October 15, 2019 at 10:12 am
Anil Aggarwal | Category: Seller Tools | Tagged

See how Realtor Anil Aggarwal and his team, sells home in New Jersey?

Anil Aggarwal Realtor

I am a Real Estate Agent, realtor, and Investor currently living in New Jersey. My interests range from selling difficult hard projects, real estate to flip properties. I am also interested in investing, home, and helping my clients find best deal , at best price.

Without me, you will save 1% but I am sure, with ample marketing, exposure to 7 mls, and video/website/qr mobile website and weekly open houses, I will sell your home quick, and get you better Return on investment.

I am certified Flipper, Realtor, Finance professional, with 20 years of exposure of working with leading fortune 500 companies .

Buying Real Estate should be your #1 priority, especially if you want to save money for your kids, or for your retirement. Home builds equity, provide safety, give emotional bonding to family and provide tax refunds.

With me, you get ample support, true educated guidance and no if and buts. You buying, and I am there, and if you not buying , still I am there, to provide any and every help.

Same way, I guarantee my clients that your home, will sell with me. Reason, I don’t leave anything to others. I myself check, inspect, update or guide daily progress, till home is sold.

I do regular events, social meetings, networking and love to host, invite, dine and make friends. I hold ample marketing so finding buyer is not a issue for me.Example review past event http://www.NewYearEvesParty.com

I am available 24/7 via mobile/whatsapp/phone/

Posted on October 11, 2019 at 3:23 am
Anil Aggarwal | Category: How to Sell

62 marconi ave, iselin, NJ 08830 visit 62marconiave.IsForSale.com

 

Header
NEW HOME BUILT in 2008
IMG_3372 IMG_3308 IMG_3307 IMG_3365 IMG_3364
WhatsApp Image 2019-09-10 at 6.11.50 PM 4
62 marconi ave, iselin, NJ 08830
Remarks
Maintenance free TREX COMPOSITE Back yard Patio built in 2018. Patio has built in fire place and sitting area.New White vinyl fence with solar lights. Also includes Play area, swings, cement Pavers and new shed built 2018. Shed has many new garden tools like grass cutter etc. Approx 800Sq ft Basement finished 2013 with inbuilt boss wired 7.1 speakers surround home theater system with photoelectric paint huge screen. Close to all amenities, train station ,downtown. Security camera/ADT installed. Power Generator, Gym system in basement included in sale. Every room has recessed lights.2 Zone AC and heating.
Price : $ 649,000
Type : Single Family
Beds : 5
Baths : 6 Baths (3 F, 3 H)
Size : 2,500 ft²
Lot : 6,000 ft²
MLS : 2005732
Contact Information
Anil Aggarwal
Anil Aggarwal
(732) 983-7958
(732) 877-8585
http://www.NjFind.com
125
Vylla Home
309 fellowship Rd.
Suite 200
Mt. Laurel, NJ 08054
(856) 206-0413
NJ REALTOR Licence #1753579

©Properties Online, Inc, Patent No. US 6,760,707. The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase. Tradenames and Trademarks referred to within are the property of their respective trademark holders. None of these trademark holders are affiliated with Properties Online, Inc., our products, or our website nor are we sponsored by them.

Equal Opportunity Housing

Posted on October 11, 2019 at 12:38 am
Anil Aggarwal | Category: Iselin home, Seller Tools | Tagged

4 Ways To Maximize Your Home’s Value

It doesn’t matter whether you are getting ready to sell your home or refinance your existing mortgage; if you are working with a lender, they will likely require an estimate of the fair market value of your property. That means they will request an appraisal to find out how much your home is currently worth to help determine the loan amount you may qualify for.

Home-Values-realtoranilaggarwal

Home-Values-realtoranilaggarwal

In an era when small improvements can have a huge impact on the value of your property, it’s more important than ever to do what you can to maintain your home.

Get Ready For Repairs

Small problems (like broken faucets, damaged floors, or surface cracks on the ceiling) can lower your home’s perceived value by thousands of dollars. Go through every room in your home, and write down all of the problems that could lower the value of your property. If you can manage to repair them within your budget, you should consider doing so.

Do Some Spring Cleaning

The condition of your dwelling, yard, and garage are considered to come up with a home appraisal value. Clean all of the surfaces in your home (including your windows, counters, walls, hardwood floors, and carpets) regularly, and get rid of any clutter that will obstruct views of your rooms.

Focus On Curb Appeal

Don’t forget about the rest of your property! An appraiser will take your home’s curb appeal into account when they estimate its fair market value. Make sure that you take care of any repairs that you need to make to your home, fence, and yard before the appraisal.

Consider Comps

Your appraiser will look at the value of the surrounding properties to ma

ke sure that your estimate is comparable to the rest of the homes in your neighborhood. To stay informed, you could do the same. You can go to some of the open houses in your area or look at homes in your area that were recently sold. If you can make your house look more appealing than the rest of the homes in your neighborhood, it may raise your home’s value.

http://njfind.com/contact-me

Posted on September 17, 2019 at 4:11 pm
Anil Aggarwal | Category: Seller Tools | Tagged

Flip Project from start to Finish SAVE YOURSELF FROM FORECLOSURE.. I CAN HELP

This property my client bought from auction. I helped him, from finding, to flipping.

I have a network of investors that are ready to

purchase your home before the foreclosure date!

Don’t loose everything. Do you know if you delay, then you almost get nothing.

I can help you sell your home direct to right investors so you go easy and get something than nothing.

Collectors will collect for sure, either home, or money so why loose and delay.

I will go over your situation and share options.

No harm in making a call.

We don’t need to meet if you don’t want to.

Let me know

Any way I can help you, I will.. please give me a call.

 

Posted on August 15, 2019 at 3:38 am
Anil Aggarwal | Category: Foreclosure to Flip

Seller’s Closing Checklist

Sellers will need to bring the following to the closing:

  • State issued driver’s license
  • Keys to home and alarm codes/information
  • Smoke detector and carbon monoxide detector certifications from local fire department. Your Realtor should assist you with this.
  • Signed Deed from you to the buyers. Your attorney should have drafted the Deed.
  • Title V Inspection Report for septic system (check if your property has one- If not then don’t worry)
  • Evidence of repairs (if applicable)
  • Final water/sewer bill and reading (paid) and final oil bill and statement from oil company as to amount remaining in tank. You will need to make the request at least 2 weeks prior to closing.
  • Copy of last paid real estate tax bill.
  • 6D certificate for condominium unit showing that condo fees are paid up.
  • It’s also a nice gesture to give the new buyers the name of your landscaper, septic company, private trash hauler, handyman, etc. I’m sure your workmen will appreciate it also.
Posted on August 6, 2019 at 3:37 pm
Anil Aggarwal | Category: Seller’s Closing Checklist | Tagged

Fall Home Maintenance Checklist

Are you getting ready to put your home on the market or just preparing for a change in seasons, anytime is a good time to spruce up the nest.

Please see attached fall home maintenance checklist to cover all the big and small tasks that help you keep your homes safe and comfortable when cooler weather arrives. Download here

A traditional styled older home decorated in autumn decore.;

Fall Home Checklist

Posted on August 4, 2019 at 3:11 pm
Anil Aggarwal | Category: Seller Tools | Tagged

Buying foreclosed property at a sheriff’s sale

Buying foreclosed property at a sheriff’s sale is one way to get a great deal on an investment property. There are several rules for this type of sale and understanding them can help you make an educated – and perhaps lucrative – purchase.

What Is a Sheriff’s Sale?

A sheriff’s sale is a type of public auction where interested buyers can bid on foreclosed properties. In a sheriff’s sale, the initial owner of a property is unable to make their mortgage payments and legal possession of the property is regained by the lender. The lender will then attempt to sell it to recover some, if not all, of the outstanding mortgage balance.

Sheriff’s sales take place locally and are usually conducted at the county level. Sheriff’s sales occur quite frequently. You can check with your county’s sheriff department to determine how often they take place near you, but it’s usually at least once a month if not every week.

What Types of Properties Are Auctioned Off?

All the properties being auctioned off are foreclosures, and there are numerous types of properties up for grabs. You might find single family homes, multi-family homes, mixed-use properties, larger complexes, and even commercial buildings available for purchase.

Where Does a Sheriff’s Sale Take Place?      

Sales typically take place in the sheriff’s office or at the county courthouse. In some areas of the country, they’re actually conducted on the front steps of the courthouse rather than inside.

A sheriff’s sale is open to the public. Lenders sometimes attend or send a representative in an effort to bid to try to buy back their own property. This move by the lender is permitted. One thing to note: everyone must have certified funds available before they can bid on a property. Usually 20% certified check made to sheriff county office + $5000 cash allowed

How to View a List of Properties

You can go to a couple of places to view a list of the properties that will be auctioned off at the next sheriff’s sale. Many sheriff’s offices have websites where you can view the upcoming sales online. You can also get a list of the properties to be auctioned off by physically going to your local sheriff’s office.

Properties available for purchase are also usually advertised in the local newspaper as much as a month before the actual sale date. Your local sheriff’s office can tell you which publications will carry the notice.

Each property will usually include a docket number, a sheriff’s department number, or a court case number. It will name the plaintiff in the foreclosure action and the defendant. It will include the property address and a description of the property, as well as the “upset price.”

What’s an Upset Price?

The upset price is the minimum amount that the plaintiff (typically the lender) will accept for the property. The property won’t be sold if bids don’t meet this amount.

The upset price might be lower or higher than the actual judgment amount, the amount of money the lender is entitled to recover to cover its losses. The plaintiff’s attorney or another representative will often bid on the property to try to drive the price up.

How to Prepare for a Sheriff’s Sale

In order to be prepared for the sale, you may want to do a full coverage title search in advance on all properties you think you might be interested in if you plan to bid.  You can also hire an attorney to take care of this for you.

Anil Realtor can help you find good title abstractor . Presently I use someone who charges $250 per search

You’ll want to find out if there are any liens against the property at either the state or federal level. This can include tax liens placed by the Internal Revenue Service or local taxes or even water charges. It can be a judgment lien placed by another of the homeowner’s creditors. You might be responsible for paying any of these liens that were not wiped out during the foreclosure court proceedings.

Contact the town or municipality where the property is located to find out if there are any open permits on the property. You’ll have to spend money to close them out if you purchase it.

When Do You Have to Close on the Property?

Again, this will depend on the rules set for each individual sheriff’s sale, but you must usually close within 30 days of successfully bidding on the property and submitting your down payment.

Many sheriff’s sales will publish these rules online, or you can call or go to the sheriff’s office for a full list of requirements.

Posted on July 29, 2019 at 5:25 am
Anil Aggarwal | Category: Seller Tools, Sheriff Sale | Tagged

SEE HOW ANIL AGGARWAL SELLS HOME?

I am a Real Estate Agent, realtor, and Investor currently living in New Jersey. My interests range from selling difficult hard projects, real estate to flip properties. I am also interested in investing, home, and helping my clients find best deal , at best price.

Without me, you will save 1% but I am sure, with ample marketing, exposure to 7 mls, and video/website/qr mobile website and weekly open houses, I will sell your home quick, and get you better Return on investment.

I am certified Flipper, Realtor, Finance professional, with 20 years of exposure of working with leading fortune 500 companies .

Buying Real Estate should be your #1 priority, especially if you want to save money for your kids, or for your retirement. Home builds equity, provide safety, give emotional bonding to family and provide tax refunds.

With me, you get ample support, true educated guidance and no if and buts. You buying, and I am there, and if you not buying , still I am there, to provide any and every help.

Same way, I guarantee my clients that your home, will sell with me. Reason, I don’t leave anything to others. I myself check, inspect, update or guide daily progress, till home is sold.

I do regular events, social meetings, networking and love to host, invite, dine and make friends. I hold ample marketing so finding buyer is not a issue for me.Example review past event http://www.NewYearEvesParty.com

I am available 24/7 via mobile/whatsapp/phone/

Before SALE

  1. FaceBook App where clients can see listing
  2. I provide you 3 videos per listing as shown

While property on SALE

  1. I will negotiate top dollars
  2. Will bring many buyers using exclusive paid marketing via facebook/twitter/targeted email companies,
  3. I will blast your listing with 5000+ real estate agents so they can bring any buyers if they have.
  4. More than 20 real estate domains direct traffic to your exclusive website so more exposure, more buyers.
  5. I can help in Updating Zestimate. See article See video interview with Zillow team on FACEBOOK LIVE

After SALE

  1. I help you get movers/contractors if property need update
  2. I help you get CO/Inspection Certification with County . (guide)
  3. I Provide all above, for less than any major Realty
  • Our Realty, being cloud based, so we have lowest possible expense so savings passed to you.

so please call me at 732-983-7958 to schedule appointment and plan listing your home today

Posted on July 28, 2019 at 6:02 pm
Anil Aggarwal | Category: Seller Tools | Tagged