Joe Jesuele

Recent Financial Collapse 240 Years In The Making

Following the recent financial collapse, everyone had an opinion of who was to blame. Many said that greedy Wall Street firms that invented things such as credit default swaps and mortgage backed securities caused markets to eventually break down. Other p... Read >

Mortgage Originators, Stop Whining About New Regulations

Water cooler talk and overall complaining has hit a new peak in today's mortgage industry. The new regulations for loan originators will come into affect on April 1, and all over the country, brokers are screaming at the top of their lungs - "This is unco... Read >

Refinancing A Jumbo Mortgage

Prior to the economic crash of 2008, Jumbo mortgages could be easily obtained from a broad range of lenders. As credit markets tightened, access to high balance mortgage products disappeared. The reason is that there is more risk associated with originati... Read >

Reverse Mortgages - Buyer Beware

As the economy tanked, a small but increasing number of consumers tapped into their home equity and took out reverse mortgages. Available to homeowners over age 62, these loans are unlike a traditional mortgage in which a borrower makes a monthly payment ... Read >

Terms And Benefits Of A 5 Year Adjustable Rate Mortgage

A 5 year ARM, also known as a 5/1 ARM, is one option being offered today by many mortgage companies. This particular loan has a fixed rate for the first five years and then changes once each year for the remaining life of the loan. The benefit of a 5/1... Read >

Rehab Financing Still Available In Today's Market

As the real estate market begins to turn around slowly, investors are once again searching for good rehab and flip opportunities. Even in today's market, there are financing options available for these types of deals but the underwriting guidelines are mo... Read >

Top 5 Reasons Why Today's Mortgage Applications Get Denied

1.) Loan-to-Value Ratio - Perhaps the most common problem in today's mortgage industry is a low loan-to-value ratio. This is the percentage of the loan amount compared to the overall value of the property. For example, if you currently have a balance on y... Read >

Residential Real Estate Outlook

One of the most startling statistics regarding real estate in this country, and a fact few people even realize, is that eighty percent of land in the United States is held either by the Government or is being used for agricultural purposes. What this mean... Read >

Do I Qualify For A Mortgage Refinance?

In today's uncertain lending environment, it is often unclear to potential mortgage applicants if they qualify for a refinance. Ever since the recent financial crisis, there has been a great deal of media exposure regarding how banks are not lending. Many... Read >

DU Refi Plus Program Helps Struggling Homeowners Refinance

TheDU Refi Plus refinance was created under the Making Home Affordable Program, and can beadvantageous forhomeowners that currently find themselves underwater on their mortgage. The program allows somehomeowners the opportunity to refinance at today's his... Read >

Philadelphia Real Estate On The Brink Of Dramatic Growth

The City of Philadelphia's Planning Commission released a comprehensive plan that includes very optimistic growth statistics. The commission stated that over the next 25 years, Philadelphia could attract 100,000 residents and create more than 40,000 jobs.... Read >

Are NJ Mortgage Rates Going Up Or Down?

NJ Mortgage prospects frequently ask loan originators where rates are heading. Up or down? My typical response is if I knew that I would be sitting fat, dumb, and happy on a beach somewhere. Determining which direction NJmortgage rates are heading is simi... Read >

Philadelphia Real Estate Hotter Than New York City?

Philadelphia real estate may be the most undervalued and underperforming asset on the East coast. The City's location is arguably better than any other metropolitan area in the United States, including New York City and Los Angeles. It was only 240 year... Read >

Google SketchUp Gets Thumbs Up From Northern Liberties Real Estate

Selling a home pre-construction can be a difficult task for residential real estate developers (especially in today's market). With only floor plans to look at and the occasional rendering, homeowners can have a tough time understanding how their new home... Read >

Northern Liberties Real Estate Offers New Urban Design

Most urban development in today's marketplace is a trend towards higher density and more efficient use of space. Of course, "efficient" use of space is a relative term that for most city planners means more square footage over less land. But, when given t... Read >