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Home Appraisal Tips for Smooth Government-Funded Mortgages

Posted in Home Buying Tips & InfoPosted by Tim Pfeiffenberger

Many home buyers utilize government-funding mortgages to purchase their new homes, such as USDA, VA and FHA loans. Did you know that by being proactive and making the home ‘appraisal ready’ for inspection, you can help prevent delays during the mortgage process? And, you don’t necessarily need to be the seller of the home! Buyers, or their agents, can also help the process by providing information and help when needed. When an appraisal is performed…

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VA Home Refinance Loans & Mortgage Refinancing Options

Posted in Mortgage InfoPosted by Shane Latza

Are you a veteran and own a home? Have you thought about refinancing your VA mortgage? There is a home refinance option available through the VA that could potentially save you hundreds or thousands of dollars a year. It can help you save on your monthly payment by obtaining a lower interest rate, as well as help you reduce the overall interest paid during the life of your loan. And, depending upon your current mortgage…

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How New York’s STAR Program Helps Lower Your School Taxes

Posted in Home Buying Tips & InfoPosted by Meghan Flewwelling

A lot of items will make the list of “must-haves” when you begin searching for your new home.  Two that commonly rank high on this list are: a good school district and low taxes. Unfortunately, those two items don’t always go hand in hand, but New York’s STAR program can help with this. The NY STAR program is the School Tax Assessment Relief program, and is a tax rebate program that is offered in New York…

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How To Determine VA Mortgage Loan Eligibility

Posted in Mortgage InfoPosted by Shane Latza

Many veterans are eligible for VA mortgages which usually have more favorable terms than conventional mortgages, as the Dept. of Veterans Affairs (VA) guarantees a portion of the loans. Determining eligibility early in the search for a new home will help you better determine how much home you can afford, as you’ll be able to take advantage of specific home loan programs not available to the general public. To determine eligibility, first keep in mind…

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How Mortgage Lenders Determine Your Qualifying Credit Score

Posted in Home Buying Tips & InfoPosted by Shane Latza

In a typical mortgage application scenario, a home buyer will have 3 credit scores: one from TransUnion, one from Equifax, and one from Experian.  When you’re applying for a mortgage, you’re probably wondering which credit score will be used, as the numbers can vary between all three. Lenders will typically choose the middle credit score to use when determining your mortgage eligibility. Let’s use the examples below to help us better explain qualifying credit score:…

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