Category Archives: Real Estate Financing

Underwater? Thinking About a Short Sale? Learn About The New HARP Program

Posted on October 26, 2011 by Elaine

Do you own a Brooklyn, New York Home and are underwater? Perhaps you’re see yourself facing foreclosure in the future or want to do a short sale. If you are you current on your mortgage payments with no late payments … Continue reading →

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Mortgage Rates Fall Again! – Own a 2 Bedroom Condo for $1,700 A Month

Posted on September 9, 2011 by Elaine

Mortgage Rates Fall Again! Now, you can own a 2 Bedroom Condo for $1,700 A Month. Read on to find out how. In a statement made by Freddie Mac yesterday, the average rate for a 30-year fixed loan dropped to … Continue reading →

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Mortgage Interest Rates Hit All Time Low – Its Time To Buy If You Can

Posted on August 20, 2011 by Elaine

Yesterday it was announced that mortgage interest rates have hit an all time low, 4.17%, the lowest mortgage rate since 1971 when they started keeping records. This is fabulous news if you are a ready, willing and able buyer. Are … Continue reading →

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Renting VS Buying A Co-op Apartment in Brooklyn, NY

Posted on July 31, 2011 by Elaine

It is generally believed that its better to own property than rent it. That statement is true most of the time, but not all of the time. Sometimes, under certain circumstances, it is better to rent then own. But today … Continue reading →

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The Importance of Protecting Your Credit

Posted on May 21, 2011 by Elaine

A friend of mine who has been living in a condo that she inherited from a late relative recently decided it was time to upgrade to a larger space. She did everything a buyer needs to do to make the process … Continue reading →

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10 Ways to Get that Down Payment Money

Posted on May 16, 2011 by Elaine

Anyone who has seriously been looking to buy a home and has sought a pre-approval from a lender knows that lender’s guidelines have become more stringent.  Gone are the days of 100% financing, its rumored that FHA will raise its minimum down payment … Continue reading →

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FHA Loans Now Cost A Little More

Posted on May 9, 2011 by Elaine

If you are looking to purchase a house or condo and you are looking to obtain an FHA insured loan, as of April 18, 2011 the cost of an FHA insured loan just increased. You can still put down as little as … Continue reading →

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Mortgage Pre-approval Made Simple

Posted on April 25, 2011 by Elaine

In this economic climate, any buyer who is serious about purchasing a property, be it a little studio in Flatlands to a brownstone in Fort Greene, should get a pre-approval from a lending institution.  Why do you need one? –  Many … Continue reading →

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