Lawrenceville, NJ

Carla and Jonathan Cheifetz recently opened a Showhomes franchise in Princeton, NJ after both lost their jobs and became frustrated with the lackluster job market. Jonathan, a former Wall Street executive and Carla, previously the director of a non-profit, both lost their jobs during the economic downturn of 2008. Both looked for new jobs for months before deciding to take their careers in a new direction.

“I was very impressed that Showhomes has been around for 23 years,” Carla says. “It’s an especially effective solution in our Northeast housing market, where many homeowners are incredibly frustrated because their properties have lingered on the market for so long. You see vacant homes for sale on every street – the opportunity for this business in this region is huge.”

Jonathan Cheifetz agrees. “We are working with one client whose home has been on the market for six years,” Jonathan says. “She sat down and cried when she found us.”

As the economy sputters into the final quarter of 2009, the high-end real estate market is still in the dumps. While sales of lower end, entry-level homes have increased, sales of homes over $500,000 are moving at a glacial pace – if at all.

Here's some of Carla and Johnathon's work on a contemporary home that was difficult to show when vacant with marble floors and echo filled spaces and now looks uber - modern:

Great home staging work!

What do you think?

www.showhomes.com

Our portfolio true jumbo mortgage rates continue to trend downward this week in Mercer County, NJ. Despite the 2009 conforming loan limit remaining at $440,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Mercer County is one of the few Counties in NJ where the conforming loan limit remains below 729k.

Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:

*Call for specific quotes*

Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing.

We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Monthly Statistics for the Date Range Selected

Inventory Accumulation for the Last 12 Full Months

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Inventory Accumulation figures are only calculated when Report End Month is the current month

Monthly Statistics for the Date Range Selected

Inventory Accumulation for the Last 12 Full Months

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Inventory Accumulation figures are only calculated when Report End Month is the current month

© Copyright 2008 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 3/11/2008 8:36:13 PM

Contact Desiree Daniels, ABR, Realtor, and Licensed in New Jersey (609) 448-2222 or (609) 587-9300 ext 312. If you are interested in purchasing a property in Mercer, Burlington or Monmouth County. Or the Following Townships Robbinsville, Hamilton, Washington, Mercerville, Ewing, Lawrenceville, Hopewell, Bordentown City, Bordentown, Florence, Foxmoor, Town Center, Washington Town Center, Robbinsville Town Center, Sharbell Copyright © 2008 By Desiree Daniels and The Desiree Daniels Team. Re/Max Tri County. All Rights Reserved.