The National Association of REALTORS® has created a useful document for homeowners in “How to Avoid Foreclosure and Keep Your House” if you are in trouble it is an excellent place to start. Some of the resources cited in this document include: For immediate advice, call 888-995-HOPE To speak to […]
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 […]
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 […]
Congratulations! You just got a better than full price offer on your home for sale after having multiple offers. You have gotten through Attorney Review and Home Inspection and the buyer is getting their mortgage approval. Everything is moving smoothly or so you think. The buyer’s mortgage company sends out […]
Provided by Mint.com For more information call Colleen Kulikowski (716) 650-0051 Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s […]
If you are not purchasing your Western New York home outright with cash, part of that process is obtaining a Mortgage. Since applying for your Mortgage can be confusing, we have assembled a list of all the documents you will need for your WNY home mortgage application. Having all of […]
The real estate market is on the upswing – but are those improvements being reflected in home appraisals? When many potential buyers push the selling price of a home higher than the asking price – which isn’t unusual in neighborhoods where the demand is high – problems are arising because […]
Today I want to talk about a small but important piece of the short sale – the hardship letter. This is the one time you really need to look at the situation through bank’s eyes. They have taken all the risk and ultimately deciding if the transaction is going to […]
Before you commit to a Western New York lender, here are a series of questions you should ask them. Next to selecting your Real Estate Professional, the most important thing you need to select is your Mortgage Professional.
Two years after a short sale, a seller can buy a new home! Fannie Mae recently announced that sellers, who elect to sell on a short sale over letting the property go through to final foreclosure, are eligible to buy a new home after two years. Although there are no exceptions due to extenuating circumstances, this new ruling means there is finally a logical reason to do a short sale now.
Save for a down payment of your WNY home with tiny steps! The answer is simple; one step at a time! Even if there are no credit obligations that have to be taken care of, the other two items still present a challenge. Along with all the advice you already […]
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 […]
Buying a home is not so difficult if you know what is going to happen along the way. Before you start looking at houses and falling in love with the perfect home, apply for your mortgage and at least get a pre-approval. This will allow us to ensure you are seeing homes that you can afford. There is nothing more frustrating to a Buyer than to fall in love with the absolutely perfect home only discover you cannot afford it.