Monthly Archives: May 2008

What’s The Difference Between Being Pre-qualified & Being Pre-approved for a Loan?

Posted on May 22, 2008 by Elaine

When you’re pre-qualified for a loan, it means that, assuming all the information you provided about your finances such as your employment history, salary, the amount of money you have for a down payment and so forth is accurate, you … Continue reading →

Posted in Info For Buyers, Real Estate Info | Tagged | Leave a comment

What is a Reverse Mortage?

Posted on May 11, 2008 by Elaine

A reverse mortgage is a loan against real estate that requires no repayment as long as you live in the property. In a forward mortgage, which is what a traditional mortgage is called, you repay the loan that causes your … Continue reading →

Posted in Real Estate Info | Tagged | Leave a comment

1 in 3 NY Renters Pay 1/2 Their Paycheck to Their Landlord.

Posted on May 3, 2008 by Elaine

On April 29, 2008 according to the New York Post, Rep. Anthony Weiner (D-Brooklyn/Queens) said in just nine years, the number of renters paying half or more of their income to their landlords has surged nearly 15 percent.   29.9 percent of … Continue reading →

Posted in General Brooklyn Info, Info For Buyers | Leave a comment