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Knowing the intricacies of what affects interest rates is important to understand how mortgage interest rates are set so that you can determine when is the best time to “lock” your rate when you are purchasing a home. Consulting with a skilled real estate attorney will provide further guidance so that you do not lock too early which unknowingly costs people more money instead of waiting for the exact right time.
To learn more about how mortgage interest rates are set click here.
In July 2024, Governor Phil Murphy signed into law the New Jersey Real Estate Consumer Protection Enhancement Act, a significant step towards increasing transparency and consumer protection in real estate transactions. This law became effective on August 1, 2024. ...
Introduction Closing day is an exciting milestone for homebuyers in New Jersey. It’s the day when ownership officially transfers from the seller to the buyer. By the time of your closing, you should already be familiar with your attorney and his/her office, as well as...
In the realm of real estate transactions, environmental inspections or due diligence is a critical aspect that cannot be overlooked. Although in this competitive real estate market, buyers often (and foolishly) waive their inspection contingency rights, one such right...