(Originally published November 26, 2009.) Coops are a unique form of homeownership, prevalent in New York City and certain communities throughout Long Island. With coops, the “homeowner” does not …
Home Buyer Tax Credit Extended Through Spring 2010
(Originally published November 14, 2009.) With the First Time Home Buyer Tax Credit Program set to expire at the end of November, President Obama has signed legislation extending the $8,000 credit …
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New Truth In Lending Laws Still Causing Mortgage Delays.
(Originally published October 31, 2009.) Its common knowledge that when applying for a mortgage, borrowers receive a mailbox full of applications, forms, and disclosures, all sent by the bank, all …
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When Banks Compete, You LOSE. Stick With The Pros.
I had an idea for a new business. It’s a website where medical patients can go to find the cheapest surgeon. Need open heart surgery or your gall bladder removed? Surgeons will compete, …
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Why Use a QUALIFIED Mortgage Planner? Ask This Client!
(Originally published October 10, 2009.) Scenario: First Time Buyer purchasing a condo. Good Income. Good Credit. All around strong borrower. But he needs a $570,000 mortgage and 85% …
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Jumbo Market Has Problems. I’m Providing Solutions!
(Originally published September 26, 2009.) The Jumbo Mortgage Market is facing significant challenges. In this prolonged financial crisis, many banks are reluctant to lend in the higher-end of the …
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