Mindblown: a blog about philosophy.
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Important NJ ANCHOR Relief Updates for 2024
ANCHOR offers property tax relief to NJ residents based on income and principal residence status. Last season, over $2.1B in benefits went to 1.8M residents, ranging from $450 to $1,500.
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New Jersey Property Taxes Exceed $10K
New Jersey has the highest effective property tax rate in the U.S. at 2.08%. Median property tax bills in New Jersey counties exceed $10K; some are over $9K.
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How To Get the Best Mortgage Rate (2024 Guide)
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. Strategies…
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Forget Mortgage Rates: This Is Way More Important to Home Buyers
The average mortgage rate for a 30-year loan is currently 6.47%, an improvement from over 7.2% in May, but still not competitive compared to rates below 3% a few years ago. Buyers should focus more on home prices than mortgage rates, as refinancing is always an option when rates drop. The Federal Reserve is expected…
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New Jersey’s $56.6B FY 2025 Budget
ANCHOR Rebates: Up to $1,750 for homeowners and $700 for renters. StayNJ Tax Relief: $220M to halve senior property taxes by 2026.
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New Jersey Welcomes 578-Home Development
The Planning Board has approved a 578-unit project between Grawtown and Bowman roads. The development will feature 96 affordable housing units as required by a housing settlement.
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Looking for Top Investments? Try New Jersey!
New Jersey has the highest home prices among states. Typical home price in New Jersey is $550,459 in Q2 2024.
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Is A Home Improvement Loan A Good Idea?
Personal loans can be a viable option for financing home improvement projects, especially for those with good credit or insufficient home equity. Unlike home equity loans or HELOCs, personal loans are unsecured and don't require collateral, reducing the risk of foreclosure. They typically have fixed interest rates and predictable monthly payments. However, personal loans may…
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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NJ New Home-Buying Rules: What It Means for You
Sellers must now provide a property condition disclosure statement before buyers are contractually obligated. Buyers must sign an agreement with a real estate professional before viewing any home in NJ.
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