Most Americans have the goal of owning their home free and clear. The “benefits” of eliminating their mortgage as quickly as possible have been programmed into the American psyche for …
“Delayed Financing.” What Every Realtor and All-Cash Buyer Should Know.
According to RealtyTrac, over 50% of home purchases in New York this year have been “all-cash” transactions. That’s an incredibly high figure! Many of these buyers were foreign investors. …
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Anti-Money Laundering Laws and How They Affect Mortgage Borrowers
It’s no secret mortgage lending is not as simple as it used to be. National underwriting guidelines require a rather invasive review of a borrower’s income, credit, and asset histories. …
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The “90 Day Rule.” What Home Buyers Need to Know When Purchasing “All Cash.”
For the past few years, local Realtors have seen a large number of properties being purchased with cash. While many of these buyers have been foreign investors, many have been New Yorkers, …
The Dangers of Commoditization
Throughout the mortgage industry, mortgage companies far and wide are all selling essentially the same products. Mortgage loans have been compared to commodities. However, Mortgage Professionals …
When is the Best Time to Purchase a Home?
With over twenty years’ experience in this industry, I’ve pretty much seen it all. I’ve seen buyer’s markets and seller’s markets. I’ve seen rates way up and rates at all-time lows. I’ve …
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