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We always love when visitors come by. If your in the Somerville, New Jersey area don’t be afraid to walk in and see what Ford Financial is up to!

Our Address is 14 E. Main Street

                        Somerville, NJ 08876

Right across from the Court House and next to the Courthouse Deli!!

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As you probably have noticed there are a ton of acronyms in the mortgage industry. I guess it just makes it easier for the average not-so-smart loan officer to remember every new program that comes out. Anyways.. What EEM stands for is Energy Efficient Mortgage. You maybe asking yourself what is a Energy Efficient Mortgage?

Ill tell you.

An EEM (or Energy Efficient Mortgage) is a program sponsored by the government that can be added on to any other government insured loan such as a traditional 30 year fixed. What happens is you can receive up to an extra $8,000 on your original loan for things such as replacing that old furnace you noticed in the basement for a brand new energy efficient furnace, new windows, etc. etc…

So whether your looking to go green with the purchase of your next home, want to refinance and get some energy efficient appliances, or just want some new stuff.. let us know over here at Ford Financial we’ll be glad to help!

“The Byrdman”

Some of you will notice the two new links on the left hand side of this page. These are links to government sponsored programs. Both are very similar in that they both are involved with down payment assistance. With these two programs you can buy a house with no money down. So when you hear everyone say NO MONEY DOWN, this is what they’re talking about.

How does it work?

Being that they are non-profit organizations they basically take a check written by the seller, the organizations then process that check and write a new check as a “gift” or “grant” for the down payment which the seller is returned in the end.

There were some problems with this earlier on in the year between the government and them regarding whether or not they really are a non for profit organization.

Either way they are still providing homes with no money down through FHA backed mortgages. Being FHA experts in this field if you are looking to buy a home for no money down it most definitely is possible!!

So since being home from college Me and Sharon Ford(my mother) had been thinking about putting together a seminar Specifically a seminar for 3 types of people…

1. People with High Debt

2. People interested in a special government loan
(like the stimulus package?.. you’ll love this)

3. ANYONE.. bring your friends, your family, a person you met on the street this morning on your way to work after you had your bagel an orange juice..

So I can’t actually recommend bringing a stranger off the street, but they would probably learn a lot if ya did!

Call us for details or check back here for more updates.