Our Blog

Category: Real Estate Tips

Amazon comes to Queens, NY: A Few Weeks Later

It has been a few weeks since Amazon officially announced Long Island City as their location for their HQ2.       As if Long Island City wasn’t on the HOT list already, news broke it mid-November 2018 that Amazon is locating their HQ2 in Queens, NY. It has been less than a month, and … Continue reading “Amazon comes to Queens, NY: A Few Weeks Later”

Introducing “The Dream Home Financing Program”!

For many prospecting homebuyers, one of the most daunting experience is saving up for the down payment. Traditionally, 20% of the loan is considered the standard down payment amount. According to Zillow, the median home value in New York City (all 5 boroughs) is $674,000, 5.4% up from last year (2017). A 20% down payment … Continue reading “Introducing “The Dream Home Financing Program”!”

Are We Entering a “Buyers Market”?

Since the middle of 2018, all signs have been pointing towards a shift in the real estate market. According to the 2018 Fall Casil Report blog, housing prices seem to begin stabilizing. This is primarily due to longer durations of homes being on the market, with fewer bidders. This shift could favor for a buyers … Continue reading “Are We Entering a “Buyers Market”?”

Conforming Loan Limits Increased for 2018

On November 28, 2017, the Federal Housing Finance Agency (FHFA) announced that it would raise the baseline conforming loan limit for 2018 for New York and for most counties across the country.   And the Federal Housing Administration also announced in early December that nearly every area of the U.S. will see FHA loan limits increase in 2018. This … Continue reading “Conforming Loan Limits Increased for 2018”

Queens Real Estate Outlook: 2018

The Queens real estate market has increasingly made headlines for new developments and ever-increasing growth.  Long Island City and Astoria were numbers 8 and 9 on the list of hottest New York City neighborhoods, according to PropertyShark.  The median sales price for a home in Long Island City in 2016 was $825,000, making it the … Continue reading “Queens Real Estate Outlook: 2018”

2017 Summer Housing and Mortgage Outlook

What can home-buyers expect in the 2017 Summer Housing Market? A recent decline in mortgage rates could have a positive effect on housing demand for the summer home-buying season.  The average 30 year fixed rate mortgage rate has dropped from 4.14% to 3.93% over the past three months, according to the Freddie Mac Primary Mortgage … Continue reading “2017 Summer Housing and Mortgage Outlook”

Unraveling the Mysteries of Co-Op and Condo Prices

GUEST BLOG:  by Marc Gerstein Marc Gerstein is a Forbes Columnist and Director of Research at Portfolio123 as well as a former assistant research director at Value Line. Please follow him on Twitter: @MHGerstein If you’ve ever shopped for a two-bedroom co-op or condo, you may have browsed a popular web portal such as Zillow.com … Continue reading “Unraveling the Mysteries of Co-Op and Condo Prices”

4 Factors that Help Determine your Home-Buying Power

Deciding to buy a home is a big step. The list of factors to consider can be long–everything from neighborhoods to school districts to square footage to deciding between a Condo or a Co-Op, but the most important factor is your financial picture. (Click HERE to read more about the difference between a Condo and … Continue reading “4 Factors that Help Determine your Home-Buying Power”

Frequently Asked Questions

  Q: What does my mortgage payment include? A: For most homeowners the monthly mortgage payments include three separate parts: Principal: Repayment on the amount borrowed Interest: Payment to the lender for the amount borrowed Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property … Continue reading “Frequently Asked Questions”

How to increase traffic to your Real Estate website

More visits to your website can mean increased sales and buyer leads. You know that your website is important for connecting with potential buyers and renters and boosting sales. But are you consistent in efforts to drive traffic to your site ? Maybe you send out a monthly e-newsletter or pay for occasional Google advertising and then see a small … Continue reading “How to increase traffic to your Real Estate website”

Condo vs Co-Op: What is the Difference?

  When it comes time to buy your first apartment, many people confuse condominiums with cooperatives. As far as living standards go, the two are very similar. However, from a legal and financial point of view, the differences between a condominium (condo) and a cooperative (co-op) are worth knowing if you are a prospective home-buyer.   In … Continue reading “Condo vs Co-Op: What is the Difference?”

Trended Credit. Are you ready?

Get ready, Fannie Mae/ Freddie Mac, the largest purchasers of mortgages will begin requiring  new credit reports as early as September.  These new reports can include  “trended credit data” and could have an impact on potential home buyers with their home-financing process as well as the real estate professionals working with them. What is trended credit? Trended credit data provides … Continue reading “Trended Credit. Are you ready?”

Start your mortgage application process online now!

Headquarters

Lyons Mortgage Services, Inc.
4802 25th Avenue, Suite 303
Astoria, NY 11103

Contact

Toll Free 800 448 8101
Telephone 718 267 2000
Facsimile 718 956 6199
Email info@elyons.com





(C) 2018 Lyons Mortgage Services, Inc. | NMLS ID 58702 | Mortgage Banker Licensed in, NY, NJ, CA, CT, PA

Disclaimer
Application Technology by Floify | website by neoweb

Are You Currently Working with a Business Development Manager?

YESNO
Top