George Costanzo

Loan Originator
|
NMLS 221921
Phone | Fax:
732.784.6446
Mobile:
855.649.5626
125 Half Mile Road, Suite 200, Office #7, Red Bank, NJ 07701

Mortgage lending is more than selling loans. It’s about helping people achieve their homeownership goals. Whether that’s helping them reach a better financial position or connecting them to the home of their dreams, it’s about guiding them to the finish line.

My industry experience has taught me to take the time to understand my customers: What’s their story? How can I help them in their pursuit of a home? When I see my customers as real people with real goals, needs, and dreams, I get to match them with the best loan product and create a truly seamless lending experience.

Everyone has a story to tell. What they need is a Loan Originator who will listen, customize a loan to meet their needs, and guide them every step of the way.

Causes I Care About


Handicap Children

My Favorite Restaurant


Belford Bistro

My Ideal Vacation Spot


Saint Thomas

My Favorite Pastime


Fishing

The Reviews Are In

"Our greatest weakness lies in giving up. The most certain way to succeed is always to keep trying."

— Thomas A. Edison

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If you find a real estate agent with these qualities, look no further!

The road to homeownership can be a bumpy one—especially for first-time buyers. With all the unexpected detours that can arise, it's good to work with a real estate agent who's got your back. Here are four qualities we've found in great real estate agents. 1. They educate and guide you through the process. A great real estate agent is going to educate you, the buyer, on the home buying process. They should be able to explain what's happening as well as what's going to happen as the process continues. And, of course, they should be ready and willing to answer all of your questions, even if they have to do some research and get back to you. A great real estate agent will have access to updated housing industry information and can give you stats on the local area's housing market. Think of your real estate agent as a guide—almost like a counselor. This person should be able to walk alongside you throughout the home buying process, guiding the way. Before you see some houses together, they will probably ask about your wants, needs, budget, and more. This information gives them an idea of what you're looking for, what kind of lifestyle needs your home should meet, and other important insight that will help them find the right price, neighborhood, and, ultimately, home for you. 2. They network for you. The housing industry is a network in itself. In this professional web, you're bound to find some people who know each other. Your real estate agent is no exception. They'll probably have visibility to properties that just hit the market and haven't been publicly listed yet. In addition, an experienced agent might have connections with and can refer you to other vendors you'll need during the home buying process, like mortgage lenders, home inspectors, title companies, and more. 3. They advocate and negotiate on your behalf. One of the best things about having a buyer's agent working for you is that they have a responsibility to look out for your best financial interests. This is harder to find in an agent who represents both the buyer and the seller because they're not fully invested in or contractually bound to your sole interests. A real estate agent whose full obligation is to represent you will be more likely to go the extra distance to advocate on your behalf during the transaction. Not everyone is good at negotiations (or even likes them) especially when it comes to a first-time buyer negotiating home-related costs. The good news is your agent will take care of all of that. This includes preparing the offer and counteroffer documentation, making calls to the seller's agent, and sticking up for your terms and conditions. Your agent can even help negotiate repairs after your home inspection. If negotiations feel intimidating, your real estate agent will be able to calm your nerves and help you feel confident in their ability to handle the task. 4. They keep track of all the details. Any number of mishaps can arise between the blissful beginning of your home search and the nitty gritty details of settlement. A skilled real estate agent can keep their eyes on all the moving parts and catch anything that others in the transaction have missed. And, if you've already applied for a mortgage, you know this process involves quite a bit of paperwork. Your real estate agent does this for a living—they'll be able to help you manage and keep track of all the documents in the process. Weathered agents know all the steps, even ones that aren't directly related to their role, and have the ability to help you understand concepts and documents related to home buying. Looking for a stellar real estate agent? We've got connections. Get in touch today and we may be able to connect you with one of our preferred real estate agents.

Have questions about mortgage insurance? We've got answers.

Is "mortgage insurance" a phrase that's been tossed around in conversations you've had about buying a home? It's a simple concept, but it's one that, like many aspects of the mortgage industry, has special cases depending on the borrower and type of loan. Here are the five things you should know about mortgage insurance.

#1 THE BASICS

Mortgage insurance is a common cost that's added to the total cost of a home loan. Generally speaking, borrowers who provide a down payment that's less than 20% of the home's purchase price have to pay insurance in addition to the home loan. This is usually a fixed dollar amount that is added to the monthly mortgage payment; sometimes it's a fee rolled into your closing costs. Mortgage insurance doesn't do much for the borrower—it's intended to protect the lender and lower their financial risk. In the event that you can't make your home loan payments, insurance covers the lender. Just as there are different kinds of home loans, there are different kinds of insurance too. Your loan will determine how your mortgage insurance will be structured and paid for.

#2 MORTGAGE INSURANCE FOR A CONVENTIONAL LOAN

Conventional loans are one of the most common home loans out there. Insurance for these loans is called Private Mortgage Insurance (PMI). In this case, your lender will set up insurance for you with a private, preferred company. Your rate will depend on your down payment amount and credit score. PMI is usually rolled into your escrow payments as a monthly dollar amount. Try out our PMI calculator at the bottom to estimate your PMI payment!

#3 MORTGAGE INSURANCE FOR AN FHA LOAN

FHA loans are well known for their lower down payments and credit scores they accept. If you have an FHA loan, your insurance will be collected by the Federal Housing Administration (FHA). Do you know insurance is required on all FHA loans, regardless of your down payment amount? This is called a Mortgage Insurance Premium (MIP). One important thing to note about mortgage insurance on FHA loans is that it includes a fee you'll pay at closing as well as a monthly payment that's part of your monthly mortgage bill.

#4 MORTGAGE INSURANCE FOR A VA LOAN

If you're a veteran or an active duty service member, there's no better mortgage product for you! VA loans are guaranteed by the U.S. Department of Veterans Affairs and have a unique type of insurance. Rather than a fixed amount that's included in your monthly payment, insurance on a VA loan is expressed as a funding fee that you pay at closing. Sometimes, you might be able to roll this fee into your mortgage payment, you just have to ask your lender.

#5 MORTGAGE INSURANCE FOR A USDA LOAN

USDA loans also include insurance. Similarly to FHA loans, USDA mortgages require an insurance payment at the closing table in addition to your monthly home loan payment. You might be able to roll the upfront portion of the payment, depending on your lender and your situation. Mortgage insurance is a simple concept but it depends on the home loan you take out, your credit score, your down payment, and many other factors. Contact us today to get started and learn more!

Follow these home renovation tips and your contractors will love you!

When it comes to home remodeling, what you do can be just as important as what you don't do. The best advice isn't always "go with your gut"—sometimes it's "listen to the pros"! A good contractor has been through thick and thin, and knows how to clearly and honestly communicate expectations with you. Are you hiring outside help to accomplish your exciting home remodel project? Stick to these 10 home renovation tips and not only will your project be more likely to go smoothly and stay on budget, but you should have some happy contractors on your hands. 1. Don't work without a plan. Does your home remodel project require an electrician? An interior designer? Both? Consider all the parties involved and work to come up with a blueprint that everyone can agree on. Make sure to loop in your contractor so they can confirm that the plan is one their team can execute. 2. Don't buy materials yourself. DIY sounds like it will save you money, but that isn't always the case in a home remodel. Oftentimes, the contractor is able to nab a better starting price than you—even after they mark up the total cost of materials, you'll end up paying the same price as you would if you went out and purchased them on your own. 3. Don't postpone decisions. This is critical to sticking to your timeline. Make each and every decision before the work starts, making sure you talk through scenarios and potential roadblocks with the contractors. Keep in mind that many decisions will be small, but even a small decision that's put off for too long could have a collateral effect. 4. Don't change your mind too much. Of all the home renovation tips, this one might be the hardest to obey. It's your home and you want it to be perfect—the potential to change your mind is nearly inevitable. Just remember that every time you change your mind, it will result in a change of plans that can affect cost, timeline, and more. 5. Don't make your home something it's not. Will a glam industrial kitchen work in a Cape Cod beach bungalow? It's possible. Get to know your home and do your research before you start remodeling. Even the best contractor might not be able to work against what the house wants. 6. Don't spray perfume on a casket. No homeowner wants to hear that it's better to tear down their home and start over rather than bother to fix it up, but sometimes that's the hard truth. In the world of home remodeling, this rarely happens, but it's good to listen to the pros and be prepared for the possibility. There's no sense in putting a high-efficiency furnace in a home with no insulation or installing beautiful hardwood floors over a cracked foundation. 7. Don't live in the house while it's being remodeled. It's true remodeling is expensive, and moving out during the project will only add to that expense. However, imagine yourself coming home from a long day at work to a construction site and you might be wishing you spent a little extra for a temporary place of peace and quiet. 8. Don't let kids and pets be an inconvenience. Not only can this be inconvenient, it's not safe. Most contractors will kindly accommodate your children and animals, but they shouldn't have to worry about them. Do your workers a favor and keep your loved ones far from the construction zone. 9. Don't distract the workers. If you're the talkative type, this might be a challenge for you. Think about this: every minute your contractor spends talking to you is a minute they're not working on your house. A discussion relevant to the remodel is fine, but the person you hired isn't getting paid any more to have a 30-minute conversation about your upcoming trip to Cancun. 10. Don't work without an emergency fund. Things happen and budgets are often broken, so don't forget one of the most important home renovation tips. Keep a reasonable amount of cash saved up in case an emergency arises and you have to spend a little extra. It's rare for homeowners to set a realistic budget right from the start, so don't be surprised if it happens to you. Work out every detail before the start of the project and you might not even need to tap into your savings! Want more homeownership tips and tricks like these? Sign up for our monthly email newsletter and receive unique content right to your inbox. It's fast, easy, and free!

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