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About the Washington Township, New Jersey Area 
Located in the Highlands area of New Jersey, Washington Township has a population of close to 9,000 people. Comprised of several areas including Long Valley, Schooley’s Mountain, and Stephensburg, Washington Township is geographically the largest municipality in Morris County. Graced with beautiful rolling hills and farmland, Washington Township has excelled in preserving farmlands in the midst of development over the years.
The majority of residents work outside of town or in New York. Single family homes predominate with many garden style condominiums springing up.
The median income in Washington Township is $88,000. The median home price is currently $469,000.
History
Originally occupied by the Lenape Indians, Washington Township was settled in the 1700’s by German Protestant immigrants. The nearby area of Schooley’s Mountain, a part of the Township, was once popular as a spa for vacationers, providing mineral springs for rejuvenation and rest.
Recreation & Entertainment
Like much of the region, Washington Township is a popular location for visitors interested in hiking, golfing, farm tours and the seasonal activities of July 4th, pumpkin picking, and Christmas Tree cutting.
 Request my Free Chester, Long Valley, Mendham and Washington Township Relocation Package. It's packed full of useful and important information about the Chester, Long Valley, Mendham and Washington Township, New Jersey area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about Chester, Long Valley, Mendham and Washington Township! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly...
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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| Q |
What is the world's most capacious building?
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| A |
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet. |
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NUMBER1EXPERT®
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