Attention Sellers!!! With many years of experience in the Livingston, Short Hills, Millburn and Summit areas we specialize in listing properties as well as finding the perfect home for our buyers. We are currently working with many clients interested in making the move to your area. If you are considering selling your current property, please read about our buyers and let us know if any of them would be a match for you and your property. You can contact us on our cells: Jamie at 973-632-9913 of Kim at 201-407-0721. We look forward to working with you! 
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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What Pasadena, California house was the movie home of the eccentric "Doc" Brown in the 1989 film, "Back to the Future"?
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The famous Gamble House, a landmark of Craftsman architecture, is now open to the public for tours.
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 See More Real Estate Trivia > |
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The Jamie Silverman and Kim Panes Team
Weichert Realtors
505 Millburn Avenue
Short Hills NJ 07078
FOLLOW US ON TWITTER & FACEBOOK
Office Phone: 973- 376-4545
Mobile Jamie: 973-632-9913
Mobile Kim: 201-407-0721
Fax Jamie: 973-255-1025
Fax Kim: 973-255-1050
Email Jamie: sjjsilver@aol.com
Email Kim: kimpanes@gmail.com
With many years of experience in residential real estate, Jamie and Kim are Top Producer Realtors with Weichert Realtors. They specialize in Essex, Union and Morris counties of NJ. Contact us with all your real estate needs.   
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