Consumer Resources At Your Fingertips

Whether you are interested in buying, renting or selling, it is always a wise decision to consult a REALTOR^® to help with your transaction. View the various resources and information on:

Buying    |    Renting    |    Selling

Fannie Mae Policy Change Will Help Housing Market

On May 16, 2008, Fannie Mae withdrew its declining market policy and adopted uniform national downpayment requirements, making financing more affordable and available and stabilizing the credit markets, said the NATIONAL ASSOCIATION OF REALTORS^® (NAR). Under the policy change, borrowers can get loans up to 95 percent loan-to-value, even in markets in which prices have been falling. Prior to the change, borrowers could only get loans up to 90 percent to give lenders a 5-percentage-point cushion to protect against possible price declines in the future. The new policy takes effect June 1. Read the NAR press release for more information.

Concerned About Foreclosure?

Throughout the country, reports of abusive and predatory lending practices escalated in 2007 and many of New Jersey's families had to make difficult decisions regarding their housing and mortgage situations. Visit NJAR®'s foreclosure resources webpage to access resources for mortgage holders and those shopping for a mortgage

What Are Your Mortgage Options?

When you decide that it is time to purchase a house, it helps to know your mortgage options. There are many different types of mortgages available for home buyers. With so much information and important decisions to make, NJAR^® is encouraging consumers to educate themselves and contact a REALTOR® who can help guide you through the home buying process.

The Housing Opportunity Resource Guide is also available to help buyers identify the many housing programs in New Jersey. The guide contains a listing of local, state and federal housing assistance programs, as well as nonprofit and private entities that also specialize in housing.

Learn about the risks associated with subprime mortgages and access resources and information about other types of mortgages available.

Experiencing Issues with Homeowners' Insurance?

If you or your clients are having difficulty either obtaining or affording adequate property insurance, please complete NJAR®'s Homeowners' Insurance Questionnaire. As an advocate for New Jersey's homeowners, NJAR^® is seeking information on the various factors influencing homeowners' insurance coverage in the state. Any information you can provide would be helpful.