All Forum Posts by: Rick Borgo

I am pretty sure that you can refinance within 6 months just not with the lender who did the original loan. Assuming conventional loan, Fannie Mae/Freddie Mac will charge original lender all of their profits from the original loan if it is paid off or refinanced within 6 months. So the original lender is not going to want to refinance you. But someone else can. I am new  to mortgage industry but I think it works something like this. 

Counter and tell them you don’t want to pay the two transfer taxes. 

Hi,

I am not an investor, but would love to be your go to mortgage guy. I like to think I follow the bond markets and know how rates tend to move. Would love to work together if you are interested...Dabo is the king!!!

Hey Charlie,

I am a loan officer with a company in Parsippany NJ. I currently live in Essex County and my gf lives in Jersey City Heights, so I know the area pretty well. I may be able to help you with financing if you care to discuss in more detail.

Hey Christopher,

I am a Mortgage Loan Originator in North NJ. Would love to connect and help each other grow our books of business.

Hi Adrien,

I am 26, turning 27 on Thursday, and would love to connect. I am a Mortgage Loan Originator in Morris County, but licensed in a number of different states, including NJ. Anyway we can help each other, I would love too.

Cliffside Park is nice, but I think we may already be at the high of the market. I think it will be tough to buy now at a high price and sell in 7 years and hope for price to go even higher. Buy low, sell high. Not buy high, sell higher. Plus I feel like Cliffside Park already has a lot of the New York commuters. Need to think about going further west...West side of Morris County in my opinion

Hey Joseph,

I am a Mortgage Loan Originator in New Jersey. I have lived here my whole life. Multi-Family in good area is going to be tough to find for $550K. I agree that Jersey City is probably your best bet, but JC also has some shady areas. You should google the NJ Transit Map and try to look in any of those towns that have access to train station. A 1 hour train commute is the normal to NYC.