Todays Rates: Purchase - 30 Year Fixed: 2.875%   APR: 2.965%     15 Year Fixed: 2.125%   APR: 2.252%      30 Year Fixed High Balance: 3.125%   APR: 3.195%      15 Year Fixed High Balance: 2.375%   APR: 2.466%          Refinance - 30 Year Fixed : 3.000%   APR: 3.081%     15 Year Fixed: 2.250%   APR: 2.377%      30 Year Fixed High Balance: 3.250%   APR: 3.291%      15 Year Fixed High Balance: 2.500%   APR: 2.591%

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Your First Home Inspection: What you need to know

The time has come for you to get a home inspection on your prospective purchase. This is a crucial part of the home buying process and must be treated with the utmost care. It is critically important to find a good house inspector. You should know what a house inspector does and doesn’t do during … Continue reading “Your First Home Inspection: What you need to know”

Condo vs. Co-op

Two common housing options in New York City and many other metropolitan areas are condominiums and cooperatives, commonly referred to as co-ops. While similar, there are key differences between a condo and a co-op. From distinctions in ownership to varying fees, knowing the basic structure of the two entities will help in making the best … Continue reading “Condo vs. Co-op”

5 Reasons To Hire A Real Estate Agent

People are relying less on professional services and have developed a do-it-yourself attitude. When it comes to some tasks, the DIY strategy can be tiresome and inefficient. Certain topics require years of experience to make smart decisions. This is especially true when it comes to real estate. Home values, markets, and legal terms are just … Continue reading “5 Reasons To Hire A Real Estate Agent”

5 Questions You Should Ask Your Real Estate Agent

Real estate agents have insights into the community as well as the expertise on the financial benefits of homeownership at a specific location. Are you looking to buy a home soon? Get all the information you can by reading these 5 questions you should be asking your real estate agent! How much will it all … Continue reading “5 Questions You Should Ask Your Real Estate Agent”

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”

Frequently Asked Questions

What does my mortgage payment include? 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. Insurance: Monthly payments made into a special escrow account for items like hazard insurance and property taxes. Escrowing for taxes and insurance is … Continue reading “Frequently Asked Questions”

Co-Op vs Condo: What is the Difference?

When it comes time to buying an apartment, many people confuse co-ops (cooperatives) with condos (condominiums). As far as living standards go, the two are very similar. From a legal and financial point of view, the differences between the two are significant. In New York City, there are more co-ops than condos. The gap is … Continue reading “Co-Op vs Condo: 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?”

The Casil Report, a Financial Commentary on the Mortgage Markets: May 19, 2016

Good afternoon, Today, Thursday (05/19/16): The 10 Year Treasury Yield dropped slightly to 1.85%, meaning generally lower mortgage rates than yesterday. – U.S. Weekly Jobless Claims dropped to a 278K reading this week (294K during the previous week), meeting market expectations (278K).  In addition, the less volatile, four week moving address for jobless claims rose this week, to a to 276K level. Even with this gradual … Continue reading “The Casil Report, a Financial Commentary on the Mortgage Markets: May 19, 2016”

Social Media Real Estate Tips for 2016

Social Media is changing constantly and you need to keep refining your strategies to get the best of your efforts. What worked last year may not work this year, so you need to keep testing new tips to always improve your social media performance. Consumers look at their phones an average of 150 times a … Continue reading “Social Media Real Estate Tips for 2016”

4 Tips to Avoid Credit Report Errors

I have been in the Mortgage Industry in the New York and New Jersey Metropolitan area for almost a decade.  Over the course of this time, I have met with many clients who were surprised to learn that they have unjustified poor credit issues. From making a mistake by an Auto-Pay payment, to opening new credit … Continue reading “4 Tips to Avoid Credit Report Errors”

Power of the Pre-Approval

Homebuyers might be surprised to learn that they can have the wrong idea of how to start looking for their new house or apartment. Often, think they need to first find the house of their dreams–then find their lender. In reality, finding a lender first and getting pre-approved ahead of going home shopping will not only let you know how much of a home you can afford … Continue reading “Power of the Pre-Approval”

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