It’s common knowledge that real estate is influenced by the economy, job market, and mortgage interest rates. However, many don’t realize that real estate can be influenced by the …
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Debt & Equity Management. The Missing Piece of the Wealth Accumulation Puzzle.
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, flush with …
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 …
