Mortgage News, Tips and Resources

Record-low housing inventories and more prospective buyers than sellers have led to competitive bidding wars characterized by little to no contingencies, “as is” contracts, higher opening bids and down payments, and more.

It’s best to have all documentation, financials, commitment letters, and mortgage options prior to making an offer on a property in the current, record-breaking spring home-buying season led by bidding wars, pent-up demand, and decreased inventory.

When crafting a strong offer in a tight real estate market, prospective homebuyers should consider competitive tactics such as minimal contingencies, earnest money, escalation clauses, flexibility, appraisal gap coverage, and more.

With this year’s winter real estate market again predicted to be one of the best ever, now is the perfect time to sell your home due to low interest rates, added demand, proactive buyers, increased digital marketing tools, and other trends.

The usually tepid fall homebuying season will continue gaining momentum due to the lifting of COVID-19 restrictions, more flexible remote work schedules, motivated buyers, additional space needs, and more.

Designated for primary, secondary, and multi-unit properties priced $500,000 or more, jumbo loans help qualified home buyers secure funding beyond current Federal Housing Finance Agency (FHFA) maximum conforming loan limits.

Prospective first-time home buyers may qualify for several significant cost-saving incentives, such as government-backed loans and grants, tax credits and exemptions, financial assistance, and more.

Choosing whether to rent or buy is a major decision, with many considerations, such as mortgage type,interest rates, affordability and budget, credit rating, personal and professional goals, and more.

When it comes to choosing a Long Island realtor, remember to keep in mind key qualities that he or she should have, like being enthusiastic.

Using a realtor as you search for a home on Long Island will result in a more efficient buying and selling process, with less weight on your shoulders.

A 2016 report shows that most home-buyers are millennials and they work with real estate agents to learn more about the home-buying process.

Long Island Realtors exude glamorous personas, but their daily tasks are more involved than you might originally think.

On October 3, the Consumer Financial Protection Bureau enacted new TRID rules. Follow this guide to avoid potential pitfalls for real estate agents.

Long Island realtors looking to make some new deals before the winter holiday season, we’ve put together some insider tips on what to do in the fall.

Here are ten tips to creating the perfect buying and selling atmosphere with open houses on Long Island.

Contour mortgage is proud to work with real estate agents and real estate brokers who are instrumental in helping clients find perfect properties.

Becoming a successful real estate agent includes effective communication, listening to clients' needs and building trusted relationships.