Joseph DeMaio

Joseph DeMaio Senior Loan Officer NMLS 1392646 Red Oak Mortgage NMLS 5415

Red Oak Mortgage, Inc (NMLS 5415) is licensed by the New Jersey Department of Banking and Insurance, the Pennsylvania Department of Banking and Securities, the North Carolina Commissioner of Banks, the South Carolina Department of Consumer Affairs, the Florida Office of Financial Regulation, and the Idaho Department of Finance.

Congratulations to C & A on the purchase of their first home! It was such a pleasure working with close friends to help ...
07/26/2022

Congratulations to C & A on the purchase of their first home! It was such a pleasure working with close friends to help them become homeowners.

This wouldn't be possible without our great team of professionals! A huge thank you to for navigating the ups and downs of this transaction and & for getting us to the closing table!

If you are looking to become a homeowner in 2022 contact us today to work with the best team in town!




Recently a lot of buyers are taking a break from their home search due to the higher rates and home values. They have de...
07/20/2022

Recently a lot of buyers are taking a break from their home search due to the higher rates and home values. They have decided to rent for another year and then re-enter the market. That might not be the best plan for you financially and here is why.

This breakdown shows a purchase of a $400,000 townhome in Monmouth County over the next 5 years vs renting for the next 5 years. You can see the monthly mortgage payment will start out being higher, but at the 4-year mark, the rent has increased above that. Also, this does not account for any refinance opportunities that might be available to lower your monthly mortgage payment.

When you account for the appreciation gained of $100k + in just 5 years vs NO appreciation when renting, the decision becomes a no brainer.

The market conditions might seem unfavorable currently, but renting is even more unfavorable in the long term.

Contact me for a free consultation and start your homeownership journey in 2022!


07/01/2022

A quick market update before the holiday weekend!

06/30/2022

Have you ever wondered how you can remove the Private Mortgage Insurance (PMI) from your mortgage? Here are 3 ways!

6 Months from your closing you are allowed to refinance your mortgage. If the equity in your home has increased to the 80% loan to value mark you will no longer require PMI.

The second option is to pay down the balance of your mortgage to 80% of the current value of the home and then contact your servicer to remove the PMI. An appraisal might be required for this option.

The third option is to pay down the principal balance to 78% of the value of the home from the time of purchase and the PMI will be removed automatically!

PMI is a great tool that can help buyers purchase homes with less than 20% down, but it is necessary to know the ways to remove it once you own the home to lower your overall monthly payment!

Follow me for more mortgage knowledge!

The past 5 years have been a whirlwind, to say the least, but when I first started with Red Oak Mortgage I never envisio...
06/29/2022

The past 5 years have been a whirlwind, to say the least, but when I first started with Red Oak Mortgage I never envisioned that I would be where I am today. I can not thank Brian LaRue enough for the opportunity to learn and grow professionally and individually. Thank you to Carolyn Stefanelli for her constant support and guidance. And most of all thank you to my wonderful amazing wife Emily DeMaio for always pushing and believing in me!

I also wouldn't be where I am if it wasn't for my amazing family, friends, and clients! Here's to another 5 years of growth and expansion! Thank you Red Oak Mortgage!

06/24/2022

Never a dull day in mortgages haha

06/23/2022

Conversations with clients can get really interesting…😂🤣

Thank you so much to all my clients! It is my absolute pleasure to provide you with the speed and efficiency that you de...
06/22/2022

Thank you so much to all my clients! It is my absolute pleasure to provide you with the speed and efficiency that you deserve. If you want a similar experience make sure to reach out to me today to start the pre-approval process!

#

06/22/2022

Did you know that FHA rates are lower than conventional rates due to the added insurance required for that loan program? The government insures the mortgage which allows the lender to provide a much more attractive rate for a client with lower income and/or a lower credit score.

FHA might be the right option for you, but make sure to have a conversation with a mortgage professional to be sure.

Contact me for a free consultation to learn more about our options!


06/21/2022

Oh the stories I could tell LOL never a dull day in mortgages 😅🤣🤦‍♂️

Monday morning Pre-Approval Tips! Here are a few things to keep in mind while searching for your new home. The main ques...
06/20/2022

Monday morning Pre-Approval Tips! Here are a few things to keep in mind while searching for your new home. The main question I am asked is how long a pre-approval is valid for. This actually coincides with your credit report which is active for 120 days.

For more tips on the home buying process reach out to me today!

#

Address

1670 Route 34, Suite 3B
East Freehold, NJ
07727

Website

Alerts

Be the first to know and let us send you an email when Joseph DeMaio posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Joseph DeMaio:

Shortcuts

Share

Category