Dangerous Loans
In today’s economic times with consumers finding it increasingly difficult to make ends meet, some may turn to short term Payday loans. Payday loan centers are popping up all over the country and they can be dangerous to...
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Real Estate Explained | What is a Short Sale?
In today’s Real Estate market you may here the term “Short Sale” and you are probably wondering to yourself and afraid to ask “What is a Short Sale?“. Well basically a Short Sale in Real Estate is...
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Who are Fannie Mae & Freddie Mae and why should this be important to WNY home owners?
Fannie Mae and Freddie Mac are publicly-owned agencies overseen by the Federal Government. Fannie and Freddie have very simple and direct mission statements: To make sure that mortgage monies are available to homeowners who are...
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FHA Repairs – What really has to be fixed before closing?
FHA Repairs If you are applying for an FHA (Federal Housing Administration) loan, you will need to understand about repairs and how FHA requested repairs may affect your ability to close on the sale of the home. If you are...
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Easy steps to save for the down payment for your new home!
Save for a down payment of your WNY home with tiny steps! Saving doesn’t have to be hard! You might even have fun!For many, the thought of saving for a down payment in Western New York seems daunting. How, in...
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Loan Application Checklist for Buyers
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...
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How to Select a Mortgage Professional in Western New York
Many buyers make a huge mistake when they select a Mortgage professional. They make the decision based on Interest Rate. But that is only one aspect of your decision. Questions to Ask Before you commit to a Western New...
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Mortgage Fraud 101
Are you in trouble? Do you need information regarding foreclosure? Freddie Mac produced a very helpful video about Mortgage Fraud. They also has a web page for Avoiding Mortgage...
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Are You Facing Foreclosure in WNY?
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...
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Erie County First-time Home Buyer Program
Can I get help purchasing a home? I am asked frequently about Buyer Assistance programs for first-time home buyers. There is a program that is sponsored by the Erie County Department of Environment and Planning to help eligible...
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Five articles that will interest WNY Investors
I have lost my normal writing pattern with Real Estate taking a considerable amount of extra time, and some wonderful distractions with a busy early spring season and community activities. To get back into the groove, I tour the...
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VA Mortgage Basics
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...
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How to Keep Your Mortgage Approval
Just because you have your mortgage approval letter does not mean you will be able to close on your home purchase. What happens after your mortgage approval may affect your eligibility. As a you need to remember that a mortgage...
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Writing the Hardship Letter
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...
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Use your self-directed IRA to purchase Real Estate Investments
What is a self-directed IRA? According to Wikipedia “A Self-Directed Individual Retirement Account is an IRA that requires the account owner to make investment decisions and investments on behalf of the retirement...
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