First Time Homebuyers Course: The Key to Better Mortgage Rates & Loans
Buying your first home is exciting, but it is also one of the most complex financial decisions you will ever make. For many in New…
Mortgage Basics & Information
Seller Concessions in NY: Reduce Closing Costs
What Are Seller Concessions? Seller concessions are a dollar amount or a percentage of the purchase price that a seller agrees to contribute to the…
Mortgage Interest Rates: What You Need to Know When Buying a Home
Mortgage interest rates are one of those things that people care a lot about when they are shopping for a home, but often misunderstand. At…
Understanding the Mortgage Prequalification Process
If you’re looking to purchase a new home, one of the very first steps you should take is to get prequalified for a home mortgage….
Home Mortgage Loans & Your Credit Score: What You Need to Know
Despite their importance and influence when it comes to obtaining a mortgage and financing a home purchase, most home buyers have a limited understanding of…
Is New York Home Ownership Right For You?
If you are currently renting but you’re beginning to consider home ownership as an option, there are many things to consider. From finances and mortgage…
Mortgage Insurance Example
An FHA Mortgage has both Upfront Mortgage Insurance and Monthly Mortgage Insurance. Let’s review what this means as far as payment is concerned. As of…
Income and Work History: Factors in Mortgage Approval
When working towards obtaining a mortgage, your income, work history and personal assets are all important factors. Banks will want to see verification your employment and…
What is FHA Mortgage Insurance?
FHA Mortgage Insurance, also known as MIP or Mortgage Insurance Premium is insurance on an FHA home mortgage. The borrower pays for this insurance (generally…