First Time Buyer
House For Sale in Pittsgrove, New Jersey
This 3 bed 1 bath ranch home is situated on 3 acres of land in desirable Pittsgrove Township New Jersey. Everything on one floor for easy living. This home offers a living room with a barn slider that opens up to a large family room with vaulted ceilings and so much natural light . The floor plan provides a layout that’s flows seamlessly and is comfortable for everyday living. Spacious kitchen opens up to the dining area that offers plenty of room for family meals or entertaining. Dining room offers sliders to the back screen porch where you can enjoy sitting and overlooking the serene nature. The owner has updated the flooring and hot water heater.
Enjoy grilling with the family out on the large deck or walking the land, this home has so much to offer. Current owner has lots chickens and sheep. Full basement with inside entrance, provides extra space for storage, hobbies and the laundry area. Home includes plenty of parking, beautiful outdoor space, and chicken coups that can be left for the next family. Give us a call to make this home yours today.
Stacy Schnell
D: 856-364-0772
Salesperson Collini Real Estate
Home for sale Pittsgrove, New Jersey
Home offers a spacious screen porch for enjoying the serene nature that surround the property. This home has been very well kept and includes the appliances, making it move in ready.
Beautiful new construction home in East Vineland, New Jersey
Introducing this beautiful new ranch home on the last buildable lot in this sought after East Vineland neighborhood. Situated on approx. 1 acre of land, this luxurious home will boast of OVER 2000 SQ FT of open concept living upstairs and over an additional 2,000 SQ FT downstairs! Breathtaking home features 3 bedrooms & 3.5 baths. This home is loaded with contemporary luxury features, modern black fixtures, and custom finishes throughout. Built on a gorgeous wooded lot that backs up to preserved land, Menanico Presersevation Trail. Five windows were added across the back plus a deck for the new owner(s) to enjoy the serene views. The large & open kitchen is a chefs dream! Features vaulted ceilings, granite counter tops, upgraded appliances, a pantry, plenty of counter space, and 42′ tall cabinets plus a huge center island! The island is the perfect spot for casual dining or entertaining and will include the sink, garbage disposal, dishwasher, extra storage & 6 available seats. Kitchen is tastefully finished with a breakfast nook area and opens up to the great room. There you’ll find a custom tiled fireplace, french doors with cathedral ceilings. The main bedroom features walk in closet, an additional closet plus the owner’s bath has a fully tiled shower and a double vanity sink. Laundry is located on the first floor for added convenience. 2 car garage features high sealings and plenty of room for extra storage, plus a paved driveway for more parking. French doors lead into the lower level living area from outside. Basement is fully finished and was built with superior walls & trusses for a more open concept, this way you can divide it and make the space work for your families needs. This awesome 35 by 70 ft space (over 2000 sq feet) was built with a full bathroom and 2 egress windows so you can add 2 additional bedrooms making (5 total) and use the other half for a home gym or entertaining, the possibilities are endless! Inside and outside access. Septic upgraded to handle a 5 bed home. Double French doors allow access to your backyard oasis from the lower level. Sod and sprinklers will be from back of home to edge of street across the entire property. Rear of property will be hydro-seeded and front will be sod . This beautiful home is a must see. Call today for your private tour. Seal the deal and begin the journey to your dream home!
3 Things to spot during a final walk through
The final walkthrough is usually one of the last steps in purchasing a new home. This is also the time when buyers and their agents must have a watchful eye as they check on the condition of the property before they head to closing and make everything official.
This excerpt from Realtor magazine. To read more click the link below;
https://magazine.realtor/daily-news/2019/11/26/3-things-to-spot-during-a-final-walkthrough
Visit my website anytime for more tips on buying and selling your home.
Give me a call to see what your home is worth, invest in real estate or buy your new home!
Stacy Schnell
Realtor Salesperson –
Direct: 856-364-0772
The Scott Sheppard Team
Email: Stacy.Schnell@foxroach.com
Mortgage News – First Time Home Buyer
First-Time Homebuyers Get a Break With Lower Mortgage Rates
(TNS)—Economic gurus got one part of the mortgage forecast for 2019 correct. We’re certainly seeing a volatile year for rates.
What they didn’t see coming: Mortgage rates tumbled in March, the biggest one-week fall in a decade. Now—instead of seeing mortgage rates edge closer to 5.25 percent, as some had predicted we’d see in 2019—we’re looking at an average 30-year rate near 4 percent.
The rate drop comes just in time for the spring home-buying season and will make monthly payments less expensive.
“This drop in rates is going to give the housing market a boost,” says Bill Banfield, executive vice president of Capital Markets for Quicken Loans. “It could help to make people come back into the market and consider buying a home.”
Mortgage rates have fallen by a full percentage point since late 2018. Going back four months or so, most forecasts weren’t expecting mortgage rates to drop as low as 4 percent for borrowers, Banfield says.
“This is a surprise to a lot of people,” Banfield says.
The average 30-year rate was 4.1 percent as of late March, the lowest rate since Jan. 2018, according to Bankrate.com data. But rates started to rebound a bit upward in early April. The average 30-year rate went back to 4.29 percent as of April 3, according to Bankrate.com.
By contrast, the average mortgage rate was 5.1 percent as recently as mid-November, which was a seven-year high, according to Bankrate.com. The average was hovering around 4.75 percent as 2018 drew to a close.
We’re talking about some real money here for homebuyers. Take a $200,000 mortgage. The mortgage payment for principal and interest would drop by about $120 a month if your rate is 4.1 percent instead of 5.1 percent on a 30-year mortgage, according to Greg McBride, chief financial analyst for Bankrate.com. For the mortgage alone, the payment would be about $966 month at the 4.1 percent rate. It’s sort of like getting more than one month free each year.
For a homebuyer who was priced out of the market last spring, the lower rates could help get them back in the game.
Being able to lock in a 30-year fixed rate near, or even below, 4 percent helps put some “wind in the sails of home buyers from an affordability standpoint,” McBride says.
The 30-year fixed rate mortgage remains the dominant loan for middle-class borrowers, particularly first-time home buyers.
This excerpt from : RIS Media.com TO READ MORE CLICK HERE
Stacy Schnell Real
Home for Sale in Cedarville New Jersey
Listed for just $105,000 this large 2 story home has lots of charcter. Home is located in Cedarville, New Jersey in Cumberland County on a quiet street. Home features 3 bedrooms and 2 baths. Kitchen has all new kitchen cabinets and stainless steel appliances. Large front porch, spacious family room and separate dining room. Rear sunroom, detached 2 car garage, walk up attic, full basement. Roof, vinyl siding and well are less than one year old. Seller to install new septic system prior to closing.
Detached Garage, Driveway Parking plus 2-Car Garage, 2 Detached Garage Spaces, Garage – Front Entry, 2 Car. 200+ Amp electric service, Heating: Radiator – Oil, Hot Water: Electric. Call today to shedule your tour and ask about listing # 82. Stacy Schnell ~ Realtor Associate / Direct: 856-364-0772
Move-in ready bungalow on quiet street
Listed for just $148,000. This bungalow features a completely upgraded kitchen, maple cabinets with soft-close drawers, granite countertops, tile backsplash, tile flooring and recessed lighting. Kitchen opens to dining room and living room with bamboo floors. Living room has a gas fireplace and ceiling fan. Full basement with bilco doors, walk up attic with attic fan. Roof 6 years old, replacement windows, security system, covered front porch, rear maintenance free deck, fenced yard, driveway parking with carport in rear of home, shed. Natural gas heat and hot water, central air condenser 1 year old, public water and sewer, Mt. Pleasant Elementary School. Easily accesible to Routes 49 and 55. This property is presented by The Scott Sheppard Team. Give us a call to schedule your private tour today! Ask about home # 89. Stacy Schnell ~ Realtor Associate Cell: 856-364-0772
Understanding Your Credit Score
What Is A Credit Score?
When lenders evaluate a loan application, a process called underwriting, they try to evaluate your ability and willingness to repay the loan. They judge the borrower’s ability to repay by reviewing the income and stability of past earnings. This practice helps the lender to determine if the borrower can afford the loan payments. The review of past credit history is used to judge the willingness of the borrower to repay the loan.
Lenders want their evaluation to be as accurate, objective and consistent as possible. To help achieve this goal, home mortgage lenders use credit scores to assist in the underwriting process. Credit scores are numerical values that rank individuals according to their credit history at a given point in time. A credit score is based on past payment history, the amount of available credit, and other factors. According to Fannie Mae and Freddie Mac, two large investors in mortgage loans, credit scores have proven to be very good predictors of whether a borrower will repay his or her loan.
Credit scores are just one of many factors considered in the underwriting process. The lender will review the many components that make up the financial situation of a borrower. Even when a credit score is low, there are other factors that could overcome the negative credit issues and satisfy other underwriting criteria.
Click HERE to read more. As always, please feel free to call me anytime with your real
estate questions and needs.
Stacy Schnell – Realtor Associate – Cell : 856-364-0772
Getting Pre Approved for a Mortgage
Though you may be willing to spend a certain amount, the real determination of how much house you can afford is driven by how much a lender calculates you can afford. So before you begin to search for the perfect house, it is very important to begin the homebuying process by getting preapproved. Getting preapproved for a home mortgage loan will provide you with a preliminary statement on the size of loan for which you can qualify. Knowing this, you can then focus your home search.
In general, lenders allow your total monthly housing costs to go as high as but not more than 30 percent of your gross monthly income. The second requirement is that not more than 36 percent of your gross monthly income can be tied up in the total monthly house payment and payments on long-term debt.
Visit my Website to read more and for adiitional information about obtaining a mortgage. Please feel free to give a call anytime for assistance with the home buying process!
Stacy Schnell – Realtor Associate – Cell: 856-364-0772
Welcome to my Real Estate Blog 