Mindblown: a blog about philosophy.
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Mortgage Rates in New Jersey
New Jersey offers various affordable housing options despite its high property taxes. Newark, with a median home value of $245,200, is a public transportation hub with a vibrant downtown. Jersey City, known for its waterfront and access to NYC, has a median home value of $373,700 and lower property taxes. Camden, with a median home…
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2 Ways to Get a Great 30-Year Mortgage Rate
The average 30-year mortgage rate has decreased to 6.87%, down from 7.00% the previous week and much lower than the 7.90% peak in October 2023. To find the best mortgage rates, it's crucial to shop around and improve your credit score. A higher credit score can lead to significant interest savings over the life of…
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Essential Tips for Building Strong Credit
Key factors influencing credit scores include payment history, credit age, and utilization. Use credit cards responsibly, pay on time, and keep balances low.
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Essential Legal Tips for Home Buyers
Verify property titles to confirm ownership and any liens before purchasing Real Estate. Review the purchase agreement carefully, noting terms like price, financing, and contingencies.
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A Rebound in Q3 Industrial and Office Leasing Activity
Cushman & Wakefield's Q3 report for Northern and Central New Jersey shows a rebound in industrial and office leasing. Industrial leasing reached 7.2 million square feet, a 53.7% increase from last year, with key demand in the Meadowlands, Exit 8A, and Port South. The office market is recovering, though overall leasing is slightly down year-to-date…
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Late-Q3 2024 Rate Cuts: Best Time to Buy?
Recent years have seen high mortgage rates and elevated home prices, making buying a home difficult.Cooling inflation has lowered mortgage rates to a 15-month low, offering new opportunities for homebuyers.
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4 Smart Ways To Find a Reliable Real Estate Agent
Homebuyers and sellers can benefit from working with reliable real estate agents, as 89% of recent homebuyers chose to do so. To find a trustworthy agent, consider these strategies: 1. Research recent property sales in your area to identify active agents. 2. Call local agents to ask about their experience and marketing strategies. 3. Seek…
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Grants for NJ Small Businesses Acquiring Commercial Properties
The New Jersey Economic Development Authority has introduced the Main Street Acquisition Support Grant Program to assist small businesses in acquiring commercial properties. This program offers grants up to $50,000 to reimburse closing costs for eligible businesses purchasing properties in New Jersey. Applicants must be for-profit or non-profit entities meeting SBA small business criteria, occupy…
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How to buy a house: 13 steps to getting the keys to your new home
If you're looking to buy a house, follow these 13 steps to simplify the process. Start by determining how much you can afford, including all costs like taxes and insurance. Prepare financially by saving for a down payment, paying off debt, and checking your credit score. Shop around for mortgage lenders and get preapproved. Find…
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Last Call for NJ Seniors’ Tax Freeze Benefits
New Jersey’s Senior Freeze program helps retirees by freezing property taxes, offering annual state reimbursements for increases.Eligibility requires being 65 or older, owning and living in the home since December 31, 2019, or earlier.
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