Todays Rates: Purchase - 30 Year Fixed Conforming: 2.625%   APR: 2.718%     15 Year Fixed Conforming: 2.250%   APR: 2.352%      30 Year Fixed High Balance: 2.875%   APR: 2.935%          REFINANCE - 30 Year Fixed Conforming: 2.875%   APR: 2.970%     15 Year Fixed Conforming: 2.500%   APR: 2.638%      30 Year Fixed High Balance: 3.000%   APR: 3.099%

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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”

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. However, with Lyons’ new program, borrowers may be eligible to put down as low as 3% for their down payment! As a borrower, this is a … Continue reading “Introducing “The Dream Home Financing Program”!”

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”

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?”

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