Real Estate
By DOUG COLLINSON
February 27, 2023
While most real estate professionals are in agreement that the market has cooled from its white-hot levels we experienced in the past 2 years, it is certainly not too late for sellers to capitalize on the best sellers’ market we have seen in a generation. The market has remained strong in spite of ...
Portable Power Portable generators provide power to tools and appliances when you need supplemental electricity and not connected to the power grid. They run on gasoline, diesel, or propane and typically include two electrical outlets. Because their combustion engines emit fumes, portable ...
RANDOLPH, NJ- A frequently asked question I get is “What's going on with the real estate market?” While the market has begun to cool a bit from its red hot run we have had the past two years, most of the statistics we are seeing are still better than expected. The rising interest rates have not ...
Mortgage Market Update – Buy Now and Refinance Later The days of mortgage rates in the two and three percent range are in the rear-view mirror but, we have seen a bit of a reprieve over the past two weeks. Average mortgage rates hit a high of 5.30% on Thursday, May 12th but, have, since, dropped ...
“Knowledge is power. And you need power in this world. You need as many advantages as you can get”. – Ellen DeGeneres. When we moved PLS Mortgage Services into the Schoolhouse Building at the intersection of Millbrook Ave and Route 10, I couldn’t wait for the opportunity to take on the role of ...
In NJ having an attorney is not required. There is a difference in how closings are handled in North Jersey versus South Jersey. If you are in North Jersey it’s customary for an attorney to handle everything in the transaction, including title search and the closing. If you’re in South Jersey, ...
What is Title Insurance? From contract contingencies to encumbrances, the home sale and purchase processes bring with them a new vocabulary. One of the processes that most first-timers find confusing is the title company’s role in a real estate transaction. Let’s try to clear up the ...
RANDOLPH, NJ- Planning to sell your home this Spring / Summer? While this winter is expected to bring a record-breaking number of buyers to the market, spring will bring more inventory and more competition. There are plenty of things you can do right now that will cut down on the time and effort ...
Temperatures reached 60 degrees’ yesterday, which, is nature’s promise that Spring will be here before we know it. In the real estate market, Spring started on January 1st. For Mortgage Loan Originators and Realtors alike, we are now, in the thick of the Spring Purchase Market. While inventory is ...
Paint comes in several finishes, also known as sheens'. But when you're deciding what to use in your house, how do you know which finish is right? You can always talk to the experts, but here is a quick guide to paint finishes that will help you understand what questions to ask. Flat Flat ...
On behalf of PLS Mortgage Services – Randolph, I want to wish everyone a healthy, fun, adventurous and prosperous new year. I want to thank all of you who placed your trust in me, whether it was to refinance your mortgage or, to purchase a new home. You took advantage of historically low rates and, ...
Overall, New Jersey home prices will continue rising through 2022, but are expected to fall in 2023 as inflation and/or a possible recession take the bloom off the housing market, according to NJ real estate guru Jeffrey Otteau, president of The Otteau Group. “After climbing 12% in 2020, NJ ...
RANDOLPH, NJ- PLS Mortgage Services has announced that it is moving its headquarters to Randolph. The mortgage brokerage company has signed a lease to bring their operation to the historic Schoolhouse building located at 236 Millbrook Ave. “This is kind of a dream come true for me” said Leigh ...
A recent bond rally over the past two weeks was enough to push the average 30 Year Fixed Rate below three percent again. Mortgage rates are predicted to rise, however, as the Federal Reserve begins to roll back its bond purchases beginning later this month. I have been around long enough, however, ...
One of the first questions that I ask people, when they express interest in refinancing, is “What would be your primary goal if you were to refinance”? Invariably, the answer is to save money. Then, I ask them, “Are you looking to save money each month on your payment or, would you like to save on ...
A combination of rising home values and, low mortgage rates makes this a fantastic time for a cash-out refinance. With a cash-out refinance, you can access the equity in your home and use it for home improvements, college tuition, debt consolidation or, just about anything else you can think of.
As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, homeowners and home buyers continue to benefit from some of the lowest mortgage rates of all time. Largely due to the current environment, the 30-year fixed-rate remains below three percent ...
RANDOLPH, NJ- Most analysts predicted that mortgage rates would steadily increase in 2021. However, since topping out at an average rate of 3.18% on April 1st, rates have been around, or below, 3.00% since. There are many economic factors that influence mortgage rates. It is widely expected that ...
Since peaking in April, mortgage rates have declined nearly a quarter of a percent and, have remained under 3.00% for the past month. That is the good news. The bad news is that inflation is accelerating which, may lead to higher interest rates this summer. Whether you are thinking of refinancing ...
For the third week in a row, mortgage rates moved lower, breaking back down below three percent. That is welcome news for homeowners who have yet to refinance and, for prospective homebuyers. Low mortgage rates provide more borrowing power for buyers but, also impact home prices, which have ...
NEW JERSEY - While the rest of the state economy slowly returns to pre-pandemic levels, the New Jersey real estate market reportedly experienced “a year we’ve not seen before” with no immediate signs of slowing. Two state real estate experts with national credentials participated in a TAPinto ...
Mortgage refinances made up nearly two thirds of the total mortgage activity in 2020. This was spurred on by record low mortgage rates that persisted from the middle of March through the end of the year. The majority of the refinances that I saw last year were of the Rate and Term variety. This is ...