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August 2015

Cash Flow for investment Properties Resource


Dear Jersey,

This may not be for everyone so if you are investor do not delete otherwise you can delete.

   Business Purpose Loans: For the purchase of a rental property or refinance a rental property with proceeds for bona-fide business use. Source of income for repayment: Limited to subject property’s income at: 75% for 1-4 Family homes; or 90% for condos and co-ops Such income is to cover loan’s PITI expenses (+ HOA or Maintenance) in full. Subject’s rental income to be determined via: Existing leases; RE broker’s estimate of rent and existence of a listing to sublet. NO personal income is needed or verified. Qualification is based on property cash flow. Title to property: Must be in name of corporation, LLC or partnership Maximum LTV: For purchase – 65% and for Refinance 60% with credit score of 700. Lower LTV with lower credit scores etc. Floor: 45%. Credit (Guarantor’s credit): Not more than 2x30 mortgage lates in prior 12 months unless mitigating circumstances or compensating factors exist. Minimum credit score is 620. Thank You! Dominic DiGrazio | Branch ManagerResidential Home Funding Corp.60 Route 46 East, 2nd floor | Fairfield, NJ 07004Main: (973) 575-1550 ext. 10 | Toll Free: (844)-524-1026Cell: (973) 356-5333 | Fax: (973) 575-1551NMLS # 204838 | Company NMLS # [email protected] NJ- Licensed by the NJ Department of Banking and Insurance – License # 9964632NY- Licensed by the New York State Banking Department- License # B500689PA- Licensed by the Pennsylvania Department of Banking – License # 20875FL- Licensed by the Florida Office of Financial Regulation #MLD388. Confidentiality Notice:The information contained in the E-mail is privileged and confidential information intended only for the use of the individual(s) named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this communication is strictly prohibited. If you have received this communication in error, please contact the sender by reply E-mail and destroy all copies of the original message. Thank you.

Gloria Benaroch
Broker Associate

Coldwell Banker,Rumson
Cell: 732-245-4031

Coldwell Banker 17 West River Road (O) 732-842-3200 x 188
Rumson, NJ 07760


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Coldwell Banker, Gloria Benaroch, Broker Associate
17 West River Road
(o) 732-842-3200 x 5515

Rumson NJ 07760

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News from Monmouth County

> Monmouth County Newsletter 
> August 21, 2015 
> In This Issue
> Senior Art Show winners
> 2015 Fall Paper Shredding
> Court Jester joins Facade Improvement Program
> Hope for the Hungry Concert is Aug. 26
> Make the most of the end of summer in Monmouth County
> Board of Chosen Freeholders
> Freeholder Director
> Gary J. Rich, Sr.
> Freeholder Deputy Director
> Serena DiMaso
> Freeholders
> Lillian G. Burry
> John P. Curley
> Thomas A. Arnone
> Birds, bugs and beyond is Aug. 22! 
> Monmouth County Master Gardeners hosts "Birds, bugs and beyond" where children can explore nature through live performances, games, crafts and displays from noon to 4 p.m. Sat. Aug. 22! 
> Come to a Freeholder meeting
> The Board of Chosen Freeholders will hold its next workshop and regular meetings on Thursday, Aug. 27.
> The workshop meeting meeting will be held at 2 p.m. and the regular meeting will be at 7 p.m. at the Hall of Records in Freehold. The current meeting schedule is posted on the County website.
> Senior Art Show winners announced
> An artists' Reception and Awards Ceremony was held on Aug. 19 to recognize the talented winners of the 2015 Monmouth County Senior Art Contest & Exhibition at the Library Headquarters in Manalapan.
> "I am impressed with the diversity of talent demonstrated by our senior citizens," said Freeholder John P. Curley, liasion to the County's Division on Aging, Disabilities and Veterans Services. Read the news release.
> 2015 Fall Paper Shredding Events
> Monmouth County will host three fall 2015 Paper Shredding events in local communities so that Monmouth County residents have opportunities to get rid of old documents and confidential files safely. 
> "We are happy to offer these events for responsible paper disposal which will help residents reduce the risk of identity theft," said Freeholder Deputy Director Serena DiMaso, read more.
> Court Jester of Freehold 
> joins 
> Facade Improvement 
> program
> The Court Jester has joined
> the growing list of Monmouth County businesses that have benefitted from the Grow Monmouth Façade Improvement Program, receiving $1,850 for recent upgrades to the exterior of their building.
> Freeholder Thomas A. Arnone also presented façade improvement checks to Patrick Parker Realty in Bradley Beach and Little Dog Brewery in Neptune City this week. Read more about this great program.
> Hope for the Hungry Concert is Aug. 26! 
> On the evening of Wednesday, Aug. 26, the plaza in front of the Hall of Records will again be filled with great music, good times and the family and friends of Bill Heine when the second annual Hope for the Hungry Concert takes place.  
> Performing from 7:30 to 9:30 p.m. will be Turnstyles, a local band known for its exceptional versions of classic Billy Joel, Elton John and Bruce Springsteen songs. 
> The concert is free, but attendees are encouraged to bring a nonperishable item, especially canned fruit, for donation to the benefit the FoodBank of Monmouth and Ocean Counties. The rain date is Friday, Aug. 28.
> Make the most of the end of summer in 
> Monmouth County!
> Shop a variety of handmade items such as candles, jewelry, body products and much more at the Mini Made in Monmouth Saturday, Aug. 22 and Sunday, Aug. 23 at the Cream Ridge Winery!
> Tourism's year-round calendar of events is an excellent way to discover events and programs. Follow Monmouth County Tourism on Facebook and Twitter to keep up-to-date with what's happening in Monmouth County.
> Forward email
> This email was sent to [email protected] by [email protected] |  
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> Monmouth County | 3000 Kozloski Road | Freehold | NJ | 07728

Should you pre-pay your mortgage?

Having debt, no matter which kind, is a huge stressor.

Even “good debt” like a mortgage can become frustrating when you see how much you are paying in interest instead of paying down the principle cost of the home.

In the end, you could end up paying double the price of the home by the time you pay it off completely.

By prepaying your mortgage, you can cut down on the interest you owe, while also paying your home off sooner and building equity faster. I recently read an article on about prepaying for a mortgage, and I wanted to lay the options out for you today.

Here is a link to the full article, but to keep things short and sweet, here’s what you need to know about prepaying your mortgage:

The first thing you need to do is figure out your interest rate and the balance on your mortgage. Then you can decide how much you want to, or are able to, prepay.

Prepaying and refinancing are not the same thing. The point of refinancing is to get a lower interest rate, and it requires you to get an all-new mortgage with new terms.

Prepayment is an investment decision. You need to consider your risk, and also your reward.

Depending on your tax situation, prepaying may not be a wise investment decision. Prepaying reduces mortgage interest, which is tax deductible.

Getting rid of other debt, such as credit card and student loan payments, may be a smarter decision for you than prepaying your mortgage, but each situation is different.

A lot of home buyers in Indianapolis are considering prepaying their mortgages, so I wanted to keep you informed on exactly what is going on.

If you are interested in taking a look at any Indianapolis homes for sale, click here to get full access to the MLS.

If you’re considering selling your home, I invite you to click this link to get an accurate valuation of what your home could sell for in our market.

If you have any questions in the meantime, feel free to give me a call or shoot me an email. I look forward to hearing from you!

Your local Indianapolis Realtor,
Stephanie and Derek Evelo
Evelo Team
Keller Williams Realty

8555 N. River Road, Ste. 200,
Indianapolis, IN 46240
(317) 863-4663
[email protected]