First Time Home Buyers

First Time Home Buyers

A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.


Stop worring about your home value!

Should I worry about my Buffalo home’s value? As the Buffalo New York real estate market continues to play in the state of uncertainty, some values of are decreasing; some are not. You may be concerned about the fluctuation in values. Should you worry? Here is some advice — as […]

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Improve Your Credit Score Before Applying for a Home Loan

It’s a good idea to start working on improving your credit score several months before applying for a big loan, whether you’re buying a house, refinancing or buying a car. Boosting your score could help you qualify for a lower loan rate as well as save you thousands of dollars […]

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If it seems too good to be true…. 5

Real Estate Investment is a Business Being a successful Real Estate investor in WNY (or anywhere for that matter) takes a lot of hard work. You cannot achieve it by just showing up, with little money or effort. Potential WNY investors call all the time from around the country. They […]


Getting Mortgage Pre-approval 2

Getting pre-approved for a mortgage     So you’ve decided to buy a place of your own. Congratulations! It’s one of the most important decisions you’ll make in your lifetime. But before you start your search, there’s an important step you should take – get pre-approved. A pre-approval indicates that […]


WNY Real Estate Terminology – FHA 6

Let’s talk about FHA – Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.


What is PMI 1

What is Private Mortgage Insurance PMI is extra insurance that lenders require from most home buyers who obtain loans that are more than 80 percent of their new home’s value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. Why do […]


Buffalo Home Purchase Resources

Are you ready to purchase a home? 2

You have to admit it is a fair question. You are talking about your financial health and no matter if you are a 1st time home buyer or someone moving up into their next home, it is a daunting decision. Here are a couple of indications that you are ready to purchase a Western New York home.


NYSAR Housing Opportunities Foundation Grants

The New York State Association of Realtors Housing Opportunities Foundation Individual Grant NYSAR Housing Opportunities Foundation Grants The New York State Association of Realtors Housing Opportunities Foundation, Inc. is an organization that was established to create and increase affordable housing opportunities for individuals to overcome the barriers of home ownership. […]

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Making Sure You Meet the Criteria for a Home Loan

Mortgage rates Mortgage rates are expected to stay below 5 percent for the remaining part of 2012. This is basically a continuation of what we saw in 2011. Average rates for a 30-year fixed mortgage remained below 5 percent the previous year. Though for the last four months of 2011, […]

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VA Mortgage Basics 1

What is a VA Mortgage? The Department of Veterans Affairs (VA) guarantees loans to help qualified veterans, reservists, and active-duty service members to finance their homes. Refinance or Purchase. The VA loan allows veterans 100% financing without private mortgage. A VA funding fee of 0 to 3.3% of the loan […]