THE SCENARIO:“John and Jane Smith” were proud of their 3.25% mortgage rate. However high inflation and the poor economy had taken a toll on their budget. Their income was declining, their expenses …
Why Mortgage Denials Are Rising— What Most Lenders Won’t Tell You
THE REALITY CHECK:When choosing a lender, most borrowers assume their mortgage will be approved. Yet statistically, that assumption may be risky. Over the past several years, mortgage denial rates …
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Smart Buyers Don’t Skip the Mortgage: How Strategic Financing Saved This Family’s Financial Future
THE SITUATION:A couple was purchasing their first home—a spacious single-family house intended for multiple generations, including their children and parents. In keeping with cultural norms, they …
Successful Business Owner Betrayed by ‘His Bank.’
THE SCENARIOMichael was a successful restaurateur. What began with one location had grown into three thriving restaurants across Long Island. With both his businesses and his family expanding, it was …
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Mortgage Fraud: What Is It and Are You Guilty?
Mortgage fraud is making headlines. New York Attorney General Letitia James, California Congressman Adam Schiff, and even Federal Reserve Governor Lisa Cook all face accusations of misrepresenting …
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A Costly Co-op Mistake: When Emotions Override Judgment.
SCENARIO:A first-time buyer was searching for an apartment in NYC. Her parents worked with me previously and valued my guidance so much that they referred their daughter to me. We discussed her goals …
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