Bridgewater, Flemington and Hunterdon County real estate and homes for sale in New Jersey - The Drake Team, REALTORS® The Drake Team REALTORS(r) for Bridgewater, Flemington and Hunterdon County, New Jersey real estate - NUMBER1EXPERTS™ The Drake Team NUMBER1EXPERTS(tm) for Bridgewater, Flemington and Hunterdon County, New Jersey real estate
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The Drake Team, REALTORŪ, real estate agents and broker for Bridgewater, Flemington and Hunterdon County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

All agents are NOT alike! Find out why we are top real estate experts. Call us: 908-782-0175.



Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Joanne Met and Exceeded Our Expectations
Joanne takes great pride in the quality of her work and is extremely self motivated.
Judi and Tom Sumoski
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Mortgage Prequalification: Bridgewater, Flemington and Hunterdon County New Jersey home buying, real estate listings, and homes for sale in Somerset County, NJ
Welcome > For Buyers > Mortgage Prequalification ...


Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Bridgewater, Flemington and Hunterdon County Realtors to offer services such as these. 

Once you fill out the form, we will quickly process your information and get right back to you! 

We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation... 

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Real Estate Tips
Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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Real Estate Trivia
Q 
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?

A 
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.
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The Drake Team, REALTORŪ, real estate agents and broker for Bridgewater, Flemington and Hunterdon County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

The Drake Team - Joanne & J.M.(Mike)Drake
RE/MAX Preferred Professionals

1311 Prince Rodgers Avenue
Bridgewater, NJ. 08807
Office: (908) 685-0700
Direct: (908) 895-1441
Home Office: (908) 782-0175
Office Fax: (908) 707-8450
Home Office Fax: (866) 254-1079
Email: mikeandjoanne@NUMBER1EXPERT.com

Joanne and Mike have lived in the Hunterdon/Somerset area since 1982. Joanne began selling real estate in 1992 and has established herself as a Top Producer who has created lasting relationships and raving fans from her long list of satisfied clients. Mike was in the corporate world as a research scientist for the past 34 years. He has worked as a consultant for start-up companies in the New England area, and has been a principal in a number of new business ventures. He is an experienced real estate investor.


RE/MAX Preferred Professionals real estate and homes for sale in Bridgewater, Flemington and Hunterdon County New Jersey

RE/MAX Preferred Professionals real estate and homes for sale in Bridgewater, Flemington and Hunterdon County New Jersey


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