Lake Mohawk, Andover Township and Sparta real estate and homes for sale in New Jersey, lakefront homes, new construction - Anthony & Barbara Silvestri - The Silvestri Group, REALTORS® Anthony & Barbara Silvestri - The Silvestri Group REALTORS(r) for Lake Mohawk, Andover Township and Sparta, New Jersey real estate, lakefront homes, new construction - NUMBER1EXPERTS™ Anthony & Barbara Silvestri - The Silvestri Group NUMBER1EXPERTS(tm) for Lake Mohawk, Andover Township and Sparta, New Jersey real estate, lakefront homes, new construction
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Real Estate Tips
Financing Your Home >Mortgage Fears

It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!

Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.

Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Anthony & Barbara Silvestri - The Silvestri Group, REALTOR®, real estate agents and broker for Lake Mohawk, Andover Township and Sparta New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Anthony & Barbara Silvestri - The Silvestri Group
RE/MAX Platinum Group (Of Sparta)

200 Woodport Rd
Sparta, NJ 07871
Office Phone: 973-726-5700 Ext. 122
Cell : 973-271-8276
Fax #: 973-729-5781
Anthony's Email: Anthony@SilvestriSells.com

Commitment, responsiveness, integrity, and extensive knowledge of the real estate process are what you can expect from Barbara and Anthony Silvestri. Barbara Silvestri began her real estate career in 1984 in Kinnelon and has consistently achieved award winning levels of sales and marketing by assisting buyers and sellers in Bergen, Morris, Passaic, and Sussex Counties. Barbara’s experience also includes corporate and field training and branch management making her knowledge well rounded. Anthony Silvestri entered into real estate in 1999 as a marketing coordinator. Ever since, real estate has been his main hobby whether it’s residential or commercial. Anthony is constantly up to date with technology, which ensures you will receive superior marketing and a stress free transaction. By putting your needs first and having a true concern for your well being, Barbara and Anthony build their business on referrals from past customers, which includes their children, friends and relatives who trust that they will receive the best service, efficiency, and direction in their real estate transfer. Barbara has resided in Wayne, Butler, West Milford, and Sparta. Both Barbara and Anthony have extensive knowledge of these areas, and are anxious to assist you with all of your real estate needs. Call or e-mail Barbara and Anthony today!

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