Mindblown: a blog about philosophy.
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New Jersey Senior Freeze: Tax Relief for Seniors
New Jersey's Senior Freeze program helps seniors control property tax increases by freezing tax rates. Seniors pay increased taxes upfront, but the state refunds the difference annually.
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As America Grapples With Underwater Mortgages, New Jersey in Slightly Better Shape
Nearly 48.3% of mortgaged residential properties in the U.S. were equity-rich in Q3 2024, slightly down from 49.2% in Q2 but higher than a year ago. This status indicates that loan balances do not exceed half of the property's market value. While home prices remained stable, there were minor fluctuations in equity-rich and seriously underwater…
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Selling in 2025? 6 Must-Haves for Your Home
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
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What Is a Good Debt-to-Income Ratio When Applying for a Mortgage
Your debt-to-income (DTI) ratio is essential for mortgage applications, comparing monthly debt payments to gross income. A lower DTI indicates better financial health and increases the likelihood of mortgage approval and favorable terms. Typically, a DTI above 43% may hinder approval, while lenders prefer ratios below 36%. To improve your DTI, focus on paying down…
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How To Get the Best Mortgage Rate
A high credit score is essential for securing favorable mortgage rates, with scores in the 700s typically qualifying for the best offers. Increasing your down payment can also lower rates and eliminate private mortgage insurance. It's important to compare rates from various lenders, including local banks and online options, to find the best deal. Shorter…
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7 clever ways to save on your mortgage
Fox Money, a personal finance hub, emphasizes the importance of securing lower interest rates on loans to save money. It offers seven time-saving tips for refinancing, including knowing your credit score, understanding total homeownership costs, and calculating your debt-to-income ratio. Comparing mortgage offers should involve looking at annual percentage rates (APR) and understanding fees. Veterans…
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New Jersey Sees Q3 Leasing Rebound
Q3 2024 saw a strong rebound in industrial and office leasing activity across Northern and Central New Jersey. Industrial leasing saw ↑ 53.7% increase compared to last year, reaching its highest level since Q1 2022.
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5 Best Ways To Save Your Money This Winter Before Buying a House in 2025
To save money this winter before buying a house in 2025, consider these five strategies: 1. Track your spending to identify areas for cost-cutting. 2. Limit holiday spending by buying gifts on sale or making homemade items. 3. Meal prep to avoid overspending on takeout. 4. Winter-proof your home to reduce energy bills. 5. Create…
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5 Proven Tips to Sell Your NJ Home Fast
1. Understanding the Market: Selling a home in NJ requires market knowledge, preparation, and effective strategies for success. 2. Choosing the Right REALTOR® An experienced REALTOR® can help set the right price and market your home effectively for maximum exposure.
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Real Estate Forecast Next 5 Years in New Jersey
The New Jersey housing market is experiencing strong demand, driven by millennials transitioning to homeownership and retirees seeking affordable living options. Key growth factors include job growth in finance, pharmaceuticals, and technology, along with a growing population. However, rising interest rates and economic uncertainties may moderate price growth. Home prices are projected to rise 3-5%…
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