Rosie McMahon

Rosie McMahon

Sales Associate

Languages spoken:

  • Spanish
  • 908-464-5200
  • 908-337-8450
  • 908-464-1133
  • 908-464-5200
  • 1260 Springfield Avenue
    New Providence, NJ 07974
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Welcome to my Website

Hello!  My name is Rosie McMahon and I want you to know that your time is very valuable to me, and it is my responsibility to listen carefully to your needs and desires and efficiently help you to find the home of your dreams.  I believe that purchasing a home is one of the most important investment decisions you will ever make.  As such, I feel it is my responsibility to provide my clients with honest, professional and responsive service.  You deserve to have someone represent you with your bet interests in mind.  With my experience and the tools at my disposal I will help you make the right REAL ESTATE decisions.

I possess the skills & knowledge to make your transaction flow smoothly.  Strong negotiation and comunication skills are escentials to a successful transaction. 

Success in the Real Estate business is attained by listening to clients and focusing on their needs.  These are the most important qualities a Real Estate Professional can offer.

EXPERIENCE+INTEGRITY+PERFORMANCE = CLIENT SATISFACTION

User Defined 2

 Real Estate Glossary

“Real Estate has a language all its own. Here is some of the terminology you’ll be hearing.”

Adjustable Mortgage Loans: Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Rate Mortgages (ARMs), Flexible Rate Loans, Variable Rate Loans.

Amortization: Payment of a debt in equal installments of principal and interest, rather than interest-only payments.

Annual Percentage Rate (A.P.R.): The yearly interest percentage of a loan, as expressed by the total finance charge actually paid (interest, loan fees, points).  The A.P.R. is disclosed as a requirement of federal truth in lending statutes.

Buydown: A payment to the lender from the seller, buyer, or third party, or some combination of these, which causes the lender to reduce the interest rate during the early years of the loan.

Cap: In adjustable rate mortgages, the limit on how much the interest rate or monthly payment can change.

Closing: The final procedure in which documents are executed and/or recorded, and the sale (or loan) is completed.  Closing Statement: The statement which lists the financial settlement between buyer and seller, and also the costs each must pay.

CMA: CMA, or Comparative Market Analysis, is a comparison of homes similar to a seller’s home in terms of size, style, features, and location that have sold recently or are on the market.  A CMA is prepared by a real estate agent to help set a home’s listing price.

Contingency: Commonly, a stated event which must occur before a contract is binding. For example, a home sale may be contingent upon the buyer obtaining financing.

Deposit: A portion of the down payment given by the buyer to the seller or escrow agent with a written offer to purchase to show good faith.

Down payment: Cash portion of the purchase price paid by a buyer from his own funds as opposed to that portion which is financed.

Escrow: A procedure in which a third (neutral) party holds all funds, documents, etc. necessary to the sale, with instructions from both buyer and seller as to their use and disposition.

FHA Loan: A loan insured by the Federal Housing Administration, a part of the Department of Housing and Urban Development. FHA insurance enables lenders to loan a very high percentage of the sale price.

Graduated Payment Mortgage: A mortgage initially offering low monthly payments that increase at fixed intervals and at a predetermined rate.

Hazard Insurance: Otherwise known as homeowners’ insurance. This is a usual requirement of a mortgage lender and an advisable safeguard for any homeowner to protect against loss.

Index or Rate Index: A measure of interest rate changes used to adjust the interest rate of an Adjustable Mortgage Loan. Example: the change in U.S. Treasury securities (T-bills) with a 1-year maturity, based upon their weekly average yield.

Lien: A legal claim or charge on property as security for payment of a debt or for the discharge of an obligation.

Loan-to-Value Ratio: The ratio – expressed as a percentage – of the amount of a mortgage loan to the appraised value or selling price of the property.

Lock box:  A key storage system placed on a home entrance that is accessible only by active, licensed real estate agents who must abide by a strict set of guidelines when showing a seller’s home.

Margin: In Adjustable Mortgage Loans, the number of percentage points the lender adds to the index rate to determine the new interest rate at each adjustment.

MLS:  MLS stands for multiple listing service, by which member brokers cooperate in the sale of each other’s listings. Sellers may choose not to allow their property into multiple listing, if they wish.

PITI (Principal, Interest, Taxes, and Insurance): Used to indicate the four major items included in a monthly mortgage payment.

Points:  A fee charged by a lender as a service charge or as an amount needed to make the yield on a mortgage competitive with other types of investments. Each point represents 1% of the loan amount.

Price Trend Analysis:  A tool developed and used exclusively by Weichert, Realtors to help set a home's listing price by projecting local trends, used in conjunction with a CMA, or Comparative Market Analysis. Because home values appreciate over time, a Price Trend Analysis maximizes listing prices.

Principal: Amount of debt, not including interest; the face value of a loan.

Private Mortgage Insurance: Insurance issued by a private company against a loss by a lender in the event of default. Private mortgage insurance is generally required for conventional financing whenever less than 20% is put down.

Second Mortgage: A mortgage which ranks after the first mortgage lien in priority.

Settlement: Same definition as closing.

Title Insurance: Insurance against loss resulting from defects of title of public record.

VA Loans: Loans partially guaranteed by the Veteran’s Administration, enabling veterans to buy a home with little or no down payment.

 

 Real Estate Glossary

“Real Estate has a language all its own. Here is some of the terminology you’ll be hearing.”

Adjustable Mortgage Loans: Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Rate Mortgages (ARMs), Flexible Rate Loans, Variable Rate Loans.

Amortization: Payment of a debt in equal installments of principal and interest, rather than interest-only payments.

Annual Percentage Rate (A.P.R.): The yearly interest percentage of a loan, as expressed by the total finance charge actually paid (interest, loan fees, points).  The A.P.R. is disclosed as a requirement of federal truth in lending statutes.

Buydown: A payment to the lender from the seller, buyer, or third party, or some combination of these, which causes the lender to reduce the interest rate during the early years of the loan.

Cap: In adjustable rate mortgages, the limit on how much the interest rate or monthly payment can change.

Closing: The final procedure in which documents are executed and/or recorded, and the sale (or loan) is completed.  Closing Statement: The statement which lists the financial settlement between buyer and seller, and also the costs each must pay.

CMA: CMA, or Comparative Market Analysis, is a comparison of homes similar to a seller’s home in terms of size, style, features, and location that have sold recently or are on the market.  A CMA is prepared by a real estate agent to help set a home’s listing price.

Contingency: Commonly, a stated event which must occur before a contract is binding. For example, a home sale may be contingent upon the buyer obtaining financing.

Deposit: A portion of the down payment given by the buyer to the seller or escrow agent with a written offer to purchase to show good faith.

Down payment: Cash portion of the purchase price paid by a buyer from his own funds as opposed to that portion which is financed.

Escrow: A procedure in which a third (neutral) party holds all funds, documents, etc. necessary to the sale, with instructions from both buyer and seller as to their use and disposition.

FHA Loan: A loan insured by the Federal Housing Administration, a part of the Department of Housing and Urban Development. FHA insurance enables lenders to loan a very high percentage of the sale price.

Graduated Payment Mortgage: A mortgage initially offering low monthly payments that increase at fixed intervals and at a predetermined rate.

Hazard Insurance: Otherwise known as homeowners’ insurance. This is a usual requirement of a mortgage lender and an advisable safeguard for any homeowner to protect against loss.

Index or Rate Index: A measure of interest rate changes used to adjust the interest rate of an Adjustable Mortgage Loan. Example: the change in U.S. Treasury securities (T-bills) with a 1-year maturity, based upon their weekly average yield.

Lien: A legal claim or charge on property as security for payment of a debt or for the discharge of an obligation.

Loan-to-Value Ratio: The ratio – expressed as a percentage – of the amount of a mortgage loan to the appraised value or selling price of the property.

Lock box:  A key storage system placed on a home entrance that is accessible only by active, licensed real estate agents who must abide by a strict set of guidelines when showing a seller’s home.

Margin: In Adjustable Mortgage Loans, the number of percentage points the lender adds to the index rate to determine the new interest rate at each adjustment.

MLS:  MLS stands for multiple listing service, by which member brokers cooperate in the sale of each other’s listings. Sellers may choose not to allow their property into multiple listing, if they wish.

PITI (Principal, Interest, Taxes, and Insurance): Used to indicate the four major items included in a monthly mortgage payment.

Points:  A fee charged by a lender as a service charge or as an amount needed to make the yield on a mortgage competitive with other types of investments. Each point represents 1% of the loan amount.

Price Trend Analysis:  A tool developed and used exclusively by Weichert, Realtors to help set a home's listing price by projecting local trends, used in conjunction with a CMA, or Comparative Market Analysis. Because home values appreciate over time, a Price Trend Analysis maximizes listing prices.

Principal: Amount of debt, not including interest; the face value of a loan.

Private Mortgage Insurance: Insurance issued by a private company against a loss by a lender in the event of default. Private mortgage insurance is generally required for conventional financing whenever less than 20% is put down.

Second Mortgage: A mortgage which ranks after the first mortgage lien in priority.

Settlement: Same definition as closing.

Title Insurance: Insurance against loss resulting from defects of title of public record.

VA Loans: Loans partially guaranteed by the Veteran’s Administration, enabling veterans to buy a home with little or no down payment.

 

Personal Background

I inmigrated to USA from Colombia 26 years ago when I married my husband Charles McMahon.  We have lived in New Providence ever since.  We have a wonderful son, of who I am very proud.  He is currently a student at the New Providence Middle School.  

I have been in The Real Estate Industry for 5 year. Being able to help people's dreams come true, is very gratifying. Realtor is not only a profession, is a passion to me.

When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why my goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of the communities, my objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call or e-mail me.

Thank you for visiting my website - please consider it as your online source for local real estate information, and return often for the latest property listing updates.

Professional Background

PROFESSIONAL EXPERIENCE

  • PRUDENTIAL NEW JERSEY PROPERTIES   2007-2009 - Real Estate Sales Associate
  • CENTURY 21  2005-2007 - Real Estate Sales Associate
  • BANK OF AMERICA   2004-2005
  • Member of the North Central Jersey Association of Realtors
  • Member of the New Jersey Association of Realtors
  • Member of the National Association of Realtors
  • Member of the Garden State Multiple Listing Service

Professional Memberships

  • Member of the Union County Association of Realtors
  • Member of the New Jersey Association of Realtors
  • Member of the National Association of Realtors
  • Member of Garden State Multiple Listing Service
  • Community Involvement

     

    • Madison Rotary Club Active Member
    • Volunteer United Way New Providence, NJ, 2008 - Present
    • Volunteer of Overlook  Hospital Summit, NJ 1995 - Present 
    • Volunteer  OLP School, New Providence- Teacher's Aid , 1997 - 1998
    • New Providence Board of Education K - 12 Substitute Teacher - 200

    Education

    • MILBURN PROFESSIONAL SCHOOL OF BUSINESS, August 2005, Real Estate Sales Associate
    • KEAN UNIVERSITY, Union, NJ. May 2004
    • BACHELOR OF ART : MAJOR ECONOMICS- FINANCES
    • UNION COUNTY COLLEGE, CRANFORD, NJ COMPUTER SPECIALIST
    • LA GRAN COLOMBIA UNIVERSITY, Colombia S.A. BA ECONOMICS

    Specialties

    • Specializing in Residential, single family homes
    • Condo/townhouses
    • Land
    • Free Market Analysis
    • Multiple Listing Service
    • Nationwide Referrals
    • Residential Investment Property
    • Vacant Land
    • Home Warranties
    •  and More

    Designations

    • Quality Service Certification
    • E-Certified