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Madison Real Estate Agent, Scott Spelker, Explains Portable Mortgages: What North Jersey Homeowners Need to Know
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Madison Real Estate Agent, Scott Spelker, Explains Portable Mortgages: What North Jersey Homeowners Need to Know
As federal housing agencies explore portable mortgage programs that would allow homeowners to transfer their existing mortgage rates to new properties, local real estate professionals are analyzing what this could mean for Northern New Jersey’s housing market. Scott Spelker, a sales associate with Coldwell Banker Realty’s Madison office and former Wall Street foreign exchange trader with 25 years of experience, estimates that roughly 25-30% of h…
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