April 5, 2016 rummy

  There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate…

March 16, 2016 rummy

  Every homeowner hopes to accomplish five goals when selling their home: 1.    Sell it for the best price 2.    Sell it within a predetermined time 3.    Sell it with the least amount of hassles 4.    Close on the sale the same day they move into their new home The fifth reason is the most obvious and the most important: 5.    They want to make sure it sells. In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have access to the vast majority…

January 22, 2016 rummy

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: § 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary § 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is § 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required To help correct these misunderstandings, let’s…

October 22, 2015 rummy

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history. The…

March 4, 2015 rummy

A Westchester town took top honors in a well-known real estate website’s recent 10 Best Places To Live in New York list. Movoto.com — a real estate website known for its catchy, algorithm-based top 10 lists — ranked Mamaroneck as the best town in New York state to live in. In addition, Westchester towns made up 9 of the top 10 spots on the real estate website’s list. Steve Altieri, Mamaroneck town administrator, said that Mamaroneck’s diverse population, community volunteerism, and coastal location were among the town’s finer points. “Mamaroneck is a coastal community, only 35 minutes from New York…

February 23, 2015 rummy

If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 11.7% (most pessimistic) and 27.5% (most optimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for…

February 16, 2015 rummy

  While a six-figure inheritance or high-paying job can land you in the top 1% of earners, it’s the little things — your money habits — that often make the difference between a life of prosperity and one of constant financial stress. Just ask CFP® David Blaylock, who doesn’t simply advise his clients on the merits of good money habits — he practices what he preaches. For example, “I do a periodic review of all the subscriptions I have — the ones that hit my credit cards each month,” says Blaylock. “You’d be surprised at how many subscriptions we all have…

October 15, 2014 rummy

If you have Ocwen loan or your loan got transferred to Ocwen loan YOU MUST read this and if you’re looking to do a short sale or want to sell or just want to find out more details call us! Please “Like” this  or “share it” this is very important my team and our short sale team have been fighting with them for almost one year to get 5 short sale approved ! We just received 1 approved today after 1 year.   http://www.consumerfinance.gov/newsroom/cfpb-state-authorities-order-ocwen-to-provide-2-billion-in-relief-to-homeowners-for-servicing-wrongs/   www.NYREEX.com        

September 18, 2014 rummy

Know what to expect and when, while obtaining financing for a home, the first step in getting Pre-approved with your Lender.   Stage 1: Get Pre-Approved: What You Need to Do – You will have a discussion with your Lender and be providing  them with Preliminary Documents. How Long Will It Take? – The discussion will take 10-15 minutes and shortly after your documents are received, you will be issued a loan pre-qualification letter. What’s Happening Behind The Scenes – Your credit and documents provided will be reviewed to be sure you qualify for the loan. You will then be…

May 25, 2014 rummy

Active Photos (25)Map Property Description A Very Rare End Unit 2 Bedrooms Cul-de-sac #Townhouse in Wild Birch Farms, Cortland manor. Bright w/Natural Light condo offers Foyer Entry, half Bath, Large Eat In Kitchen, Hardwood Floors, Living Room W/Fireplace + Double Skylites and W/Sliding Door To Lovely Deck, Formal Dining Room, washer and dryer. 2nd floor offers very spacious master bedroom w/walk in closet and master bathroom, 2nd bedroom and full hallway bathroom. Basement Den/Office, Family Room with Sliding door to outside and attached garage. Lots Of Storage W/Bessler Stairs To Attic! Pool & Tennis. Close To Shops, Ez Commute To…