Category Archives: Real Estate Financing

First Time Buyer Tax Credit Extended

Posted on November 9, 2009 by Elaine

Well, as many had hoped, the First Time Home Buyer Tax Credit has been extended until April 30, 2010! To recap what the credit is, it is a dollar-for-dollar reduction in what a taxpayer owes in taxes. For example, if you … Continue reading →

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Rent-to-Own in Brooklyn New York – The Pros and Cons

Posted on September 3, 2009 by Elaine

With the difficulty some buyers are having getting financing, and Condos and other new constructions in Brooklyn sitting empty, rent-to-own has become an option available for some buyers. But what is rent-to-own? The rent-to-own scenario, which is also called a … Continue reading →

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Info on Seller Financing

Posted on September 1, 2009 by Elaine

Here is an interesting article I came across on the WSJ online about seller financing. Seller financing is when the seller of the property holds the mortgage for the buyer instead of a bank or some other lending institution. If … Continue reading →

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Positive News from Market Indicators

Posted on August 31, 2009 by Elaine

There’s a lot of positive real estate related news this week.  Several real estate market indicators are positive for the first time in a long time.  Take a look: Exisiting Home Sales Up by 7.2%  according to the National Association … Continue reading →

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How Much Do I Need For a Down Payment?

Posted on August 21, 2009 by Elaine

One of the first things any home buyer should ask him or herself is how much of a down payment is he or she is going to need to buy a house, condo or co-op.  Fortunately, figuring that out is easy. There are … Continue reading →

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First Time Home Buyer – Do I Have Enough For A Down Payment?

Posted on June 17, 2009 by Elaine

Besides determining whether or not you want to own a house and can you afford mortgage payments, ”do I have enough for a down payment?” is the next most important question any first time home buyer should ask him or herself. … Continue reading →

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First Time Home Buyers – Don’t Miss the Boat!

Posted on June 11, 2009 by Elaine

If you’re a first time home buyer who has been waiting to make that first purchase, don’t wait any longer or you might miss the low interest rate boat. Mortgage rates rose for the third time in three weeks.  In the … Continue reading →

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First Time Home Buyer Tip – The Good Faith Estimate

Posted on May 21, 2009 by Elaine

If you are a first time home buyer in Brooklyn, New York (or anywhere for that matter) who is shopping for your first home and need to get a mortgage to pay for it, you’ll want to know about a Good … Continue reading →

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