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Gerald Lucas

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Question You Must Ask A Contractor Before You Hire Him, How To Avoid Paying Too Much For A Property, US Home Construction Falls Sharply

July 5, 2022 Gerald Lucas

Question You Must Ask A Contractor Before You Hire Him

Real Estate Tip:

The best way to avoid paying too much for a property is to never offer too much.

Real Estate Insight:

US home construction fell sharply in May.

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Tags Gerald Lucas, real estate tips, real estate strategies, 203K loan, mortgage insurance premium, lender, home equity, finance, risk, foreclosure
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203K Mortgage Loan Risks For Homebuyers, Key To Filing Property Insurance Claim, NJ Home Sales Fall Further

June 28, 2022 Gerald Lucas

203K Mortgage Loan Risks For Home Buyers

Real Estate Tip:

When you file a property insurance claim, document damage with both photos and video.

Real Estate Insight:

The pace of home sales in NJ continues its decline in 2022 down 13% YTD compared to the same period in 2021.

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Tags Gerald Lucas, real estate tips, real estate strategies, 203K loan, mortgage insurance premium, lender, home equity, finance, risk, foreclosure
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How To Buy A Run Down Home With A Mortgage, How Good Purchase Mortgage Reduces Refinancing Costs, How Massive The Housing Shortage Really Is

May 4, 2021 Gerald Lucas

How To Buy A Run Down Home With A Mortgage

Real Estate Tip:

Get a great loan when you buy so you don't NEED to refinance; if rates improve and refinancing makes sense, aim to do so only once--serial refinancing can be expensive, wasteful & financially destructive.

Real Estate Insight:

The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country's current demand, according to a Freddie Mac analysis.

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Tags Gerald Lucas, real estate tips, real estate stratgies, 203K loan, home construction loans, interest rates, interest rate
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