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Gerald Lucas

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If You Can't Afford Upkeep Should You Buy A Home Anyway?, How To Check Your Errors In Your Mortgage Before You Buy A Home, How NJ Home Sales Moved At End Of 2025

January 20, 2026 Gerald Lucas

If You Can't Afford Upkeep Should You Buy A Home Anyway?

Real Estate Tip:

Before you sign the closing documents for a mortgage, compare the settlement statement with the Loan Estimate (LE) to make sure there are no errors--these errors coincidentally favor the lender in most cases. Caveat Emptor :-)

Real Estate News:

NJ home sales declined year-over-year in both November and December.

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Tags Gerald Lucas, real estate tips, real estate strategies, PMI, private mortgage insurance, property taxes, roof damage, HOA fees, homeowner insurance, home inspection
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3 Ways To Lower Mortgage Payments, Simple Tip For Estimating A Property's Operating Expenses, US Condo Prices Post Biggest Decline In Over A Decade

January 13, 2026 Gerald Lucas

3 Ways To Lower Mortgage Payments

Real Estate Tip:

One way to estimate the operating expenses of a previously owned property is to call the local utility companies and ask for historical gas, electrical and water usage info.

Real Estate News:

Prices for US condominiums posted their biggest annual decline since 2012 in 2025.

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Tags Gerald Lucas, real estate tips, real estate strategies, PMI, private mortgage insurance, mortgage payments, homeowner's insurance, property taxes, Fannie Mae, Freddie Mac
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Do FHA Loans Have Higher Interest Rates Than Conventional Loans?, 1st Step When You Do A Property Rehab, Big Change In Number Of NJ Properties For Sale

August 12, 2025 Gerald Lucas

Do FHA Loans Have Higher Interest Rates Than Conventional Loans?

Real Estate Tip:

Line up multiple potential funding sources first as you plan a property rehab, renovation or fix & flip.

Real Estate News:

The number of homes being offered for sale continues to rise in NJ, increasing by 48% since the beginning of the year.

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Tags Gerald Lucas, real estate tips, real estate strategies, house flipping, property flipping, fraud, FHA loans, conventional mortgage loans, APR, PMI, home equity
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