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 […]
With so many WNY homes and condos on the market at affordable prices one would think it should be really easy to find a home and get a great deal. So why are so many first time buyers having trouble finding a home that suits their needs at a price […]
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 […]
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 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 […]
Buyers Remorse – Do you have it? What did we just do? It is a question that many 1st time home buyers and even people that are moving from one home to another ask themselves. They suddenly find themselves very worried about the future that it is going to take […]
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.
Finding your next home… 2 Find Your Home does not have to be a daunting task. It should be a time of great joy and does not have to take a long time. Often home buyers go it alone and do not narrow their criteria enough to find the right […]
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 […]
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.
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. […]
In today’s market, the affordable housing prices, large inventories of homes
available and low mortgage rates provide a great opportunity to many first time home buyers.
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, […]
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 […]