Customer Resources


Ask Us!

Got questions? We have the answers. Here are a listing of our resources guaranteed to make your search much simpler.

 

These preferred resources are provided to you as a courtesy. These are individuals and companies who have demonstrated outstanding professional skills in the many real estate transactions in which we annually participate.

 

We are confident in their ability to provide valuable service(s) to you during the buying and/or selling process, and hope this information will be beneficial. If you require a resource or support not included here, please email us at info@conovernj.com or call us at 732-897-9200.

 

Mortgage Representatives

ISB Mortgage
Kathryn Schulhafer

249 Millburn Ave.
Millburn, NJ 07041
Office: 732-371-7305
Fax: 206-984-9356
kschulhafer@myinvestorsbank.com

 

First Interstate Financial Corp.
Kenneth Gunther

39 Avenue at the Commons
Shrewsbury, NJ 07702
Office: 732-389-9898 ext. 113
keng@fifcorp.com

 

Jersey Mortgage Co.
David P. Santangelo

38 Taylor Ave. Suite A
Manasquan, NJ 08036
Office: 732-292-0787
Cell: (609) 915-9874
dsantangelo@jerseymortgage.com

 

Prospect Mortgage
Lynn Doherty(Paul)

Office: (732) 673-1855
dohertyloans@gmail.com

Provident Savings Bank
Douglas Hutchins

1000 Woodbridge Center
Woodbridge, NJ 07095
Office: (732) 280-2370
Fax: 732-280-2373

 

Superior Mortgage
Jamie Mazzacco

854 S. White Horse Pike
Hammonton, NJ 08037
Office: (609) 294-5932
Cell: (732) 259-9280
jmazzacco@supmort.com

 

Attorneys

 

RACHEL FLANAGAN CREIGHTON,
TUCCI and TATULLI,PC

464 Broadway
Long Branch, NJ 07740
Office: 732-229-6700
Fax: 732-870-0508
Email: rcreighton@tuccilaw.com

 

RICH FLANIGAN
112 Main Street
Allenhurst, NJ 07711
Phone: 732-531-0771
Fax: 732-517-8994
Website: www.flanigan-law.com

 

RICHARD W. HOGAN
79 Main Street
Ocean Grove, NJ 07756
Office: 732-774-1243
Fax: 732-774-6810

 

MONICA C. KOWALSKI
Law Offices of Monica C. Kowalski, LLC
601 State Route 35 North
Neptune, New Jersey 07753
Phone: 732-774-7447
Fax: 732-774-7418

 

ROBIN O’BRIEN-LICHTENSTEIN
104 Bimbler Blvd.
Ocean, NJ 07712
Office: 732-774-0500
Fax: 866-475-2548

 

ANDREW NEWMAN
700 Mattison Ave.
Asbury Park, NJ 07712
Phone732-431-3100

 

Michele J. Clark
Birdsall & Laughlin, LLC
1720 Highway 34 North
P.O. BOX 1380
Wall Township, New Jersey 07719
Tel.: (732) 749-3900
Fax: (732) 749-3901
Email: mclark@birdsallandlaughlin.com

 

BARRY SLOTT
1 Press Plaza
Asbury Park, NJ 07712
Office: 732-775-1255
Fax: 732-775-2364

 

RICHARD TILTON
301 Main Street
Allenhurst, NJ 07711
Phone: 732-531-1337
Website: www.rtiltonlaw.com

Accountants

 

DRUCKER, MATH & WHITMAN,PC
Joseph B. Shrum, CPA
2865 U.S. Highway # 1
North Brunswick, NJ 08902
Office: 732.821.5200
Fax: 732.821.7711!
Website: jshrum@dmwcpas.com

 

Real Estate Glossary

 

Amortization
The number of years it takes to repay the entire amount of the mortgage.

 

Appraisal Value
An estimate of a property’s market value by a professional Appraiser; used by lenders in determining the amount of the mortgage.

 

Debt Service Ratio
The percentage of a borrower’s income that can be used for housing costs.

 

Gross Debt Service (ADS) Ratio
Gross debt service divided by household income. A rule of thumb is that ADS should not exceed 30%. It is also referred to as PIT (Principal, Interest and Taxes) over income. Sometimes energy costs are added to the formula, producing BITE, which moves the rule-of-thumb ADS to 32%.

 

Total Debt Service (ADS) Ratio
The maximum percentage of a borrower’s income that a lender will consider for all debt repayment (other loans and credit cards, etc.) including a mortgage.

 

Equity
The difference between the price for which a property can be sold and the mortgage(s) on the property. Equity is the owner’s stake in the property.

 

Foreclosure
A legal process by which the lender takes possession and ownership of a property when the borrower doesn’t meet the mortgage obligations.

 

Inspection
Every home buyer should demand this independent, third-party examination of the property prior to the sale. If the inspector finds a problem, such as a bad furnace or roof, the buyer can demand repairs or a lower price as a condition of the sale. Cost to buyer: $200 to $350 for most homes. Buyers should attend inspections.

 

Loan-to-value ratio (LTV)
What you’re borrowing compared to the price. The smaller your down payment is, the higher the ratio and the riskier the mortgage. When you apply for a loan, a lender will study the ratio closely.

 

Mortgage
A contract between a borrower and a lender. The borrower pledges a property as security to guarantee repayment of the mortgage debt. Lenders consider both the property (security) and the financial worth of the borrower (covenant) in deciding on a mortgage loan.

 

Adjustable-rate mortgage (ARM)
In this type of loan, the rate changes anywhere from once in six months to once in five years reflecting interest rate changes. To sell an ARM, a lender will offer a lower initial rate than on a fixed loan.

 

Assumable Mortgage
A mortgage held on a property by the seller that can be taken over by the buyer, who then accepts responsibility for making the mortgage payments.

 

Conventional Mortgage
The most common home loan. It is a mortgage loan that is 75 per cent or less of the loan-to-value ratio; and does not require insurance by or other private insurer. A Conventional Mortgage is not insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs.

 

First Mortgage
The first security registered on a property. Additional mortgages secured against the property are “secondary” to the first mortgage.

 

Fixed-rate mortgage
In this type of mortgage, payments stay the same during the term of the loan. Fixed-rate loans are often made for 15 years or 30 years. You can cut the interest rate by taking a shorter-term loan, but the monthly payment will be higher.

 

High-ratio Mortgage
A mortgage that exceeds 75 percent of the loan-to-value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

 

Jumbo Mortgage
Mortgages that are above $322,700 fall into several categories: Conforming vs. Jumbo The conforming limit is a mortgage amount set by Congress and is the maximum loan size eligible for purchase by either Fannie Mae or Freddie Mac, two Federally chartered organizations who purchase the underlying securities from mortgage originators. Those funds are reinvested in new mortgages completing the flow of funds cycle. The current conforming limit is set at $322,700. Any loan amount above that figure is considered a Jumbo loan and is often subject to an interest rate pricing premium as well as to some additional underwriting restrictions. A common strategy to lower overall interest costs if your purchase or refinance balance is above $322,700 is to use a combination of both first and second trust money, referred to as an 80/10/10 or 80/15/5. Every situation is different, but it is one more option to consider.

 

Open Mortgage
A mortgage that can be prepaid or renegotiated at any time and in any amount, without penalty.

 

Pre-Approved Mortgage
Tentatively approved by a financial institution for a specified amount, interest rate and monthly payment.

 

Second Mortgage
A second financing arrangement, in addition to the first mortgage, also secured by the property. Second mortgages are usually issued at a higher interest rate and for a shorter term than the first mortgage.

 

Term Mortgage
A non-amortizing mortgage under which the principal is paid in its entirety upon the maturity date. Sometimes called a straight loan.

 

Variable-rate Mortgage
A mortgage for which payments are fixed, but whose interest rate changes in relationship to fluctuating market interest rates. If mortgage rates go up, a larger portion of the payment goes to interest. If rates go down, a larger portion of the payment is applied to the principal.

 

Vendor Take-Back Mortgage
When sellers use their equity in a property to provide some or all of the mortgage financing in order to sell the property.

 

Mortgage Life Insurance
Insurance that pays off the mortgage debt should the insured borrower die.

 

Mortgage Payment
The regular installments made towards paying back the principal and interest on a mortgage.

 

Mortgagee
The person or financial institution lending the money, secured by a mortgage.

 

Mortgagor
The property owner borrowing the money, secured by a mortgage.

 

Mortgage Broker
A person or company having contacts with financial institutions or individuals wishing to invest in mortgages. The mortgagor pays the broker a fee for arranging the mortgage. Appraisal and legal services may or may not be included in the fee.

 

Mortgage Insurer
In Canada, high-ratio mortgages (those representing greater than 75% of the property value) must be insured against default by either CMHC or private insurers. The borrower must arrange and pay for the insurance, which protects the lender against default.

 

Mortgage Prepayment Penalty
Is a fee paid by the borrower to the lender in exchange for being permitted to break a contract (a mortgage agreement); usually three months’ interest, but it can be a higher or it can be the equivalent of the loss of interest to the lender.

 

PITI
The owner’s typical monthly payment, which includes Principal, Interest, (property) Taxes and (mortgage) Insurance. Most lenders collect a portion of annual tax and insurance bills each month, then pay them when they’re due.

 

Point
A point is 1 percent of the loan amount. For example, two points on a $100,000 loan would be $2,000. Often you can pay points to get your lender to give you a lower interest rate. Or, you can refuse to pay points and keep the interest rate offered. Often the increase in payment is quite small, so weigh the pluses and minuses carefully before you decide. Points are also called loan discount fees.

 

Portability
A mortgage feature that allows borrowers to take their mortgage with them without penalty when they sell their present home and buy another one.

 

Prepayment Clause
A clause inserted in a mortgage, which gives the mortgagor the privilege of paying all or part of the mortgage debt in advance of the maturity date.

 

Principal
The mortgage amount initially borrowed or the portion still owing on the mortgage. Interest is calculated on the principal amount.

 

Private Mortgage Insurance (PMI)
If your down payment is less than 20 percent of the property’s cost, most lenders will require you to obtain private mortgage insurance, which protects the lender if you default on the loan. Cost: $45 to $75 a month. Be sure you can cancel the private mortgage insurance policy when you’ve paid your loan to less than 80 percent of your home’s value.

 

Rate
(Interest) The return the lender receives for advancing the mortgage funds required by the borrower to purchase a property.

 

Refinancing
The process of obtaining a new mortgage, usually at a lower interest rate, to replace the existing mortgage.

 

Secondary Financing
Second, third, fourth, etc. mortgages, secured by a property “behind” the first mortgage.

 

Term
The actual life of a mortgage contract at the end of which the mortgage becomes due and payable unless the lender renews the mortgage for another term (See Amortization).

 

Contractors

CONSTRUCTION/CONTRACTOR SERVICE
Contact: Aliaksandr “Alex” Beliankkou
Phone: 732-861-4183

 

Accent Construction
Contact: Joe Maranzani
Phone: 732-591-1583

 

LUTZ CONSTRUCTION, INC.
Contact: Mark Lutz
Phone: 732-681-1941

 

KIRK THE HANDY-MAN, LLC
Contact: Joseph Kirk Libby
Phone: 732-546-8602

 

Peak Performance
Contact: Don Waleck
Phone: 732-492-8474 or 732-309-6003 cell

 

PETER PETRENKO, Handyman
Contact: Peter Petrenko
Phone: 732-682-7520
Email: petrenko.petro@gmail.com

 

HOUSE LIFTING – Tribar Services Inc.
148 Concord Ave. Leonardo, NJ
Phone: 732.291.3464
Website: tribarservices.com

 

PHOENIX RENOVATIONS
Contact: Tom O’Brien
Phone: 973-699-0320

Cleaning/Organization

THE BEST CARPET CLEANER IN TOWN
Carpets, Upholstery, Oriental Wool, Pet Stains & More
Contact: Dan Shotwell, Owner / Operator
Office: 732-775-0003

 

CARLIN CHIMNEY & DUCT SERVICE
Contact: Jim Carlin
Phone: 732-818-7720

 

DUCTZ
Duct Cleaning
Contact: David Marsh
Phone: 201-267-0954

 

IVONNE’S CLEANING SERVICE
Full House Cleaning / Free Estimate / References
Contact: Ivonne Virola
Phone: 848-469-9702
Email: virola.ivonne07@yahoo.com

 

MERRY MAIDS
House cleaning service
Phone: 732-412-6002

 

MAIDPRO
House cleaning service
Phone: 732-294-9449

 

NED STEVENS GUTTER CLEANING
Phone: 800-542-0267

 

NJ JUNK
We Remove it All
Office:888-465-5865
www.8884njjunk.com

 

ORGANIZE BY DESIGN
declutter – downsize – donate
Contact: Jessica Carroll
info@organizebydesignnj.com
organizebydesignnj.com
Phone: 732-768-6556

 

PHOENIX RENOVATIONS
House Clean Outs & Property Maintenance
Contact: Tom O’Brien
Phone: 973-699-0320

 

SERVPRO
Mold, Fire Damage, Etc.
Contact: Diana Moore
Phone: 732-536-7555

 

Home Inspectors

 

ALL THROUGH THE HOUSE
Home Inspections, Pest Inspection, Radon Testing, Lead Testing and Property Monitoring
Contact Stephen Dexter
http://www.atthhi.com/
Phone 800-825-9807
Email: sdexter@allthroughthehousehi.com

 

BUILDSPEC PROFESSIONAL BUILDING INSPECTION SERVICES
Contact: Joe Franks
Phone: 888-524-4450 or (732) 269-7005

 

AMERICAN HOME INSPECTORS
Toll Free: (888) 877-3794
Office: 732-836-0277
Fax: 732-36-0279

 

PINNACLE HOME INSPECTIONS
Contact: Joseph M. Abate
Toll Free: 800-989-3872
Office: 732-747-9138

 

RHINO PROFESSIONAL HOME INSPECTORS
Toll Free: 800-750-3872

 

US INSPECT
Contact: David Moir, Sr.
Phone: 856-210-5868 or 888-874-6773
Cell: 732-616-4389
Email: dmoir@usinpsect.com

 

HBC INSPECTION SERVICES
Contact: Mark Speaker
Phone: 732-966-0290

 

KEN WINNIK – HOME INSPECTIONS
Licensed, Insured and Experienced
Contact: Ken Winnik
Website: www.kenwinniknjinspections.com
Cell: 848-203-4044
Email: KenWinnik.NJ@Gmail.com

 

PILLAR TO POST
The Home of Home Inspection
http://pillartopost-monmouth.com/
Contact: Jim Wagner
Phone: 732-544-8205
Email: jim.wagner@pillartopost.com

 

Insurance

 

Cynthia Ortman
Coastwide Insurance Associates, Inc.
2517 Route 35, Building F – Suite 102
Manasquan, NJ 08736
office: (732) 528-7200
fax: (732) 223-4425
Cynthia’s email address: cortman@coastwideinsurance.com

 

Pascal Insurance Agency,
David Pascal
http://www.pascaleinsurance.com/
732-449-8780

 

Interior Design

 

CAROL GRUDE LITT INTERIORS, LLC
Contact: Carol Litt
Phone: 917-669-9880

 

LIVING WELL STRATEGIES
Livingwell Strategies / Sacred Spaces – Interior Design, Home Staging, Visual Merchandising, Energy Space Clearing.
Contact: Phyllis Maffucci
Phone: 732.259.8985
Email: phyllis@livingwellstrategies.com

 

ORGANIZE BY DESIGN
declutter – downsize – donate
Contact: Jessica Carroll
info@organizebydesignnj.com
organizebydesignnj.com
Phone: 732-768-6556

 

Lawn & Garden

 

GOLD COAST LANDSCAPES
Phone: 732-517-2090

 

MARINI TREE SERVICE
Pruning, Removal, Trimming and Stump Grinding
Contact: Jade Martini
Phone: 732-657-0606

 

R&F ASPHALT SEALER
Residential & Commercial Fully Insured
www.rfasphaltsealcoating.com
Contact: Fernando Almeralla
Phone: 732-807-3367
Fax: 732-807-3367
r.f.asphaltsealer@gmail.com

 

Moving & Delivery

 

Devine Movers, Tom Devine
(732) 681-6430

 

JERSEY SHORE MOVING & DELIVERY
Contact: Jonathan F. Flood
Phone: 732-295-9988

 

Lowy’s Moving Service
http://lowys.com 732-775-4118

 

TEACHER’S MOVING, INC.
Contact: Roy
Phone: 732-530-1333

 

Oil Tank Removal

 

FIRSTECH ENVIRONMENTAL, INC.
Oil tank removal
Office: 732-751-1640

 

LARRISON COAL & FUEL OIL, INC.
Oil tank removal
Phone: 732-774-5352

 

PREFERRED TANK SERVICES
Toll Free: 800-924-8265
Office: 973-470-4044
Fax: 973-470-8644

 

Painters

 

BELAIR PAINTING
Contact: Shane
Phone: 732-539-7740
Email: belairpainting@hotmail.com

 

FLORES PAINTING
Painting/Repair/Floors/Prep for C/O Inspection
Contact: Jose Flores
Interior/ Exterior
Phone: 732-768-9961

 

PAINTING & POWER WASHING

 

Commercial & Residential
Contact: Donato Paz
Phone: 732-693-3879

 

Pest Control

 

POTTER PEST CONTROL
Contact: Tom Scott
Phone: 732-284-7707

 

Plumbing & Electrical

 

ALL SEASONS SERVICE FARRELL’S INC.
Heating, Ventilation, & Air Conditioning
Contact: Dan
Office: 732-775-4030

 

MIKE BRUNO PLUMBING & HEATING
Phone: 732-531-0594

 

HCS Heating & Cooling
Contact: Trinny
Phone: 732-904-7365

 

Jersey State Plumbing & Heating, LLCJ
Plumbing & Heating
Contact: Benjamin Silkowitz
Phone 732-370-0066

 

THE WM. R. HOGG COMPANY, INC
Plumbing, Heating, & Air Conditioning Contractors
Asbury Park, NJ
Phone: 732-775-3193

 

NICE ELECTRIC, LLC
Contact: Tommy Nice
313 Third Avenue, Belmar NJ
Office: 732-749-3208

 

MIDCOAST ELECTRIC CORP.
Contact: Matthew Rovito
P.O. Box 296, Allenhurst, NJ 07711
Office: 732-759-1453
midcoastelect@verizon.net

 

AMRON ELECTRICAL SERVICES
Contact: Larry Amron
Office: 732-446-4799