///Mortgage

Sandy’s Effect on the NYC Real Estate Market…You decide

Even months after the wake of Superstorm Sandy, we are still discovering devastation. Approximately 40,000 people have been left homeless, and countless workers remain jobless in over 130 buildings. Setbacks are plentiful and there is much money needed to be spent in order to get everything operating at full capacity again—including Manhattan real estate. Some [...]

2015-10-20T17:47:15+00:00By |Categories: Home Inspection, Mortgage, New York City|Tags: , |Comments Off on Sandy’s Effect on the NYC Real Estate Market…You decide

Deal Buster: The Bank Turns Down a Mortgage Application Because of Your Employment History

Today’s post is the first on a series that will explore unexpected problems that can threaten real estate deals. Today we will explore your options if a bank or other mortgage lender threatens to turn down your application because of your employment history or income level. The problem . . . Maybe your income is [...]

2017-04-04T02:39:49+00:00By |Categories: Investing, Mortgage, Tips and Tricks|Tags: , , , , |Comments Off on Deal Buster: The Bank Turns Down a Mortgage Application Because of Your Employment History

Why You Need a Property Survey (Even Though You Think You Don’t)

How a Property Survey Protects Your Real Estate Investments It doesn’t matter whether you are about to invest in a single-family home, a multi-family house, an apartment house, an office building, or a retail complex. When you sit down with a mortgage lender to discuss loan types and costs, you will probably learn that you [...]

2017-04-04T02:39:53+00:00By |Categories: Investing, Mortgage, Tips and Tricks|Tags: , , , , |Comments Off on Why You Need a Property Survey (Even Though You Think You Don’t)

Fannie, Freddie, Weigh Principal Reductions as BofA Tests Mortgage-To-Lease Program

Mortgage giants Fannie Mae and Freddie Mac are reportedly considering reducing the amount of principal that struggling mortgage holders owe in an effort to stave off foreclosures and keep people in their homes. A joint report by NPR and ProPublica says Fannie and Freddie are considering principal write-downs because, in many cases, the move would [...]

2017-04-04T02:39:54+00:00By |Categories: Mortgage|Tags: , , |1 Comment