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  • Home appriasal
    Appraisals 101: Your home appraisal came in low. Now what?
    The home appraisal is an integral part of the home buying process. There’s a lot riding on this one document and if it comes in low, it could blow the entire deal.Lenders depend on third-party appraisals to ensure they're not lending...
  • Finding your affordable home
    Finding your affordable home
    Buying a home is usually the largest financial decision any Canadian family will ever make – one that affects your family, future and lifestyle. It gives rise to a lot of questions – like deciding on the neighbourhood you’ll live...
  • Down payment gift
    What to know when gifting a down payment
    As a parent, giving your child a hand-up in life can be a very defining moment. Those times when you realize your precious baby is all grown up and ready to start a life and a family of their own.Buying a home is big move for anyone, but...
  • Down payment prevents millions from owning a home
    Down payment prevents millions from owning a home
    Buying a home for first-buyers is becoming almost impossible in a new report released last Monday. The Federal Reserve reveals that the overwhelming majority of American renters would prefer to own their home if they could afford to do so. The...
  • Manage your mortgage to save
    Manage your mortgage to save
    Low interest rates may have you thinking about taking on more debt: the cost of a new home, ‘moving up’ to a larger home or refinancing your existing home. If so, knowing what’s what with mortgages can save you money now and in...
  • Mortgage loan refinancing can mean more money for homeowners
    Mortgage loan refinancing can mean more money for homeowners
    What happens when mortgage rates -- in other words, the interest rates currently available for mortgages -- go down?In a nutshell, it means refinancing a mortgage loan from a higher rate to a lower one makes sense. That simple act can free up a...
  • How to calculate your mortgage payment
    Calculate your mortgage payment in 4 seconds
    There are lots of on-line tools that make calculating your monthly mortgage payment simple and easy these days, and one of my personal favorites is the mortgage calculator on the Corcoran website. (Yes, I am a licensed associate broker with...
  • Nothing Down Mortgage
    The pitfalls of little or nothing down mortgages
    My recent pieces have delved into the area of financial literacy, specifically in real estate. This article will touch on another important aspect of financial literacy; mortgages, specifically the dangers of little or nothing down mortgages. None...
  • Cogntive Options Group, LLC
    Miami Lender Settles False Documents Charges- Whistleblowers Receiving $608,000
    The U.S. Department of Justice announced today that, Miami-based lender Hencorp Becstone Capital L.C. has agreed to pay $3.8 million to settle allegations that it made false statements and claims to obtain loan guarantees from the Export-Import...
  • Condo 1
    Important considerations when buying a condominium unit part one
    Some of my earlier pieces discussed my experiences with Dave Ramsey’s Financial Peace University. Recently at the Alfred Street Baptist Church our class went over module number nine which dealt with real estate and mortgages. In the module,...
  • How to use a Purchase CEMA to avoid or reduce taxes
    How to use a Purchase CEMA to avoid or reduce taxes
    When purchasing a property in New York City (or anywhere, for that matter), buyers need to account for more than just the purchase price of their new home. On both the purchase and sale side, taxes, mortgage fees, and other closing costs can add...
  • The value of putting life into your mortgage insurance
    Mortgage life insurance vs your personally owned policy
    If you’re arranging a new mortgage or moving an existing one to a new lending institution, you will probably be offered mortgage insurance as part of the package. Protecting what is likely the largest investment you will ever make is always...
  • Though fewer Americans now underwater on mortgages, refinancing can help many
    Though fewer Americans now underwater on mortgages, refinancing can help many
    The residential marketplace has improved greatly since 2012, according to analysts at Zillow, an online real estate database. That bodes well for many homeowners who are benefitting from rising home values and are not in a "negative equity...
  • year-end review
    2014 Significant Mortgage Reform Recap
    This past year has witnessed many mortgage reforms, several of which have been very significant for mortgage brokers. To ensure that your operation is complying with strict regulations, your business should be transacting business with these...
  • As 2015 approaches, countless first time potential home buyers are weighing their financial options.
    Will getting a mortgage be easier in 2015?
    Will getting a mortgage be easier in 2015? It's a question many prospective home buyers are asking in the final weeks of 2014.With many Americans still recovering from the devastating recession of 2008, only now are some ready to pursue home...
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