Contour Mortgage News

Pre-Qualification vs. Pre-Approval vs. Commitment Letter

Buying a home can be competitive, whether it’s a buyer’s or a seller’s market. You may find the perfect property that checks every box off your wish list, but fail to act....

Home Buyers / May 25, 2018

5 Things to Know About Fannie Mae HomeStyle Loans

The Federal National Mortgage Association, commonly referred to as FNMA or Fannie Mae, offers the HomeStyle® Renovation Mortgage. This loan is specifically designed to....

Home Buyers / May 18, 2018

What is the Mortgage Escrow Process?

The term “escrow” is applicable to various industries, but you’re probably most familiar with it in the context of buying a property.

By definition, “escrow” refers to “a....

Home Buyers / May 04, 2018

6 Benefits of a VA Loan

If you or your spouse has ever served or is currently serving in the military, you may be eligible for a VA loan. This type of mortgage loan is guaranteed by the U.S.....

Veterans / April 18, 2018

Can You Add Renovation Costs to Your Mortgage?

Some home buyers are only interested in move-in ready properties, but others are open to looking at fixer uppers. While it does require more elbow grease, purchasing a....

Home Buyers, 203k Loan / April 04, 2018

6 Tips for Getting a Mortgage Loan

When it comes time to buy your first home or move into another that better fits your needs, getting a mortgage loan is a key part of the process. However, there are....

Home Buyers / March 23, 2018

What Are 203(k) Loan Requirements?

There are significant advantages to securing a 203(k) loan, which is backed by the government agency Federal Housing Administration (FHA), for those looking to purchase a....

203k Loan / March 09, 2018

4 Facts About FHA Home Loans

There are a wide range of mortgages available for home buyers to consider. FHA home loans are just one option and are especially helpful to those who may not necessarily....

Home Buyers / February 08, 2018

4 Types of Mortgage Loans that Home Buyers Should Consider

For many people, they’re going to need some financial assistance in order to achieve their dream of homeownership. This is where a mortgage loan comes into play. However,....

Home Buyers, Reverse Mortgages, USDA / January 30, 2018

Mortgage Dos and Don'ts to Keep in Mind

Whether you are a first-time home buyer looking to (finally!) move out of your parents’ house, or an experienced home buyer interested in downsizing, there are guidelines....

Home Buyers / September 26, 2017

What Are the Income Requirements of a USDA Loan?

When seeking a home mortgage, you might have heard mention of a USDA loan. At first thought, you may think this type of loan is meant for farmers and others living way out....

USDA / September 25, 2017

What Is the Jumbo Loan Limit?

If you're thinking of buying a house that could be more expensive than the average property in your area, you may need a jumbo loan. This is because mortgage lenders will....

Home Buyers / September 13, 2017

FHA Loan Requirements

If you're trying to get a home loan so you can buy a house, a Federal Housing Administration (FHA) loan may be right for you. Why should you apply for this type of loan,....

Home Buyers / September 07, 2017

Rehab Loans for First-Time Home Buyers

If you enjoy taking on big projects and want to save some money when you're ready to buy your first home, purchasing a fixer-upper may be the right move. Fortunately,....

203k Loan / August 31, 2017

Are VA Loans Assumable?

Military veterans receive a wide range of benefits during and after their service. The opportunity to get a VA home loan is one of the most popular benefits that veterans....

Veterans / August 02, 2017

What Are the Closing Costs for a USDA Loan?

If you've already begun seeking out a mortgage and researching the different types of loan options available, you've probably received quotes from lenders regarding down....

Home Buyers, USDA / July 31, 2017

The Difference Between Conventional and FHA Loans

When you need a mortgage, you will quickly learn that there are many different types available. Some mortgages are referred to as conventional loans. You will also likely....

Home Buyers / July 27, 2017

Where Can You Get a Home Renovation Loan?

Whether you've found a great fixer-upper or if you simply want to renovate and update your current home, you're going to need the capital to do it. Home renovations don't....

203k Loan / July 25, 2017

What Are the Current Jumbo Mortgage Rates?

If you want to purchase a home worth $400,000 or more, you may need to get a jumbo loan to cover the cost. Jumbo loans offer the possibility to borrow large amounts of....

Home Buyers / July 24, 2017

How to Choose the Right Mortgage Company

Buying a house is a decision that will affect you for years to come, so it's important to make sure you get the right loan. Choosing the best mortgage company possible can....

Home Buyers / July 10, 2017

Is a Duplex a Good Investment?

Whether you're looking to buy a home for your family or planning to get into real estate, buying a duplex could be a good investment. You can rent both units out....

Home Buyers / July 05, 2017

Buying a House in the Summer

Summer is one of the most popular times to buy a house in most markets, second only to spring. Why is that, and should you follow suit or wait until fewer people are....

Home Buyers / June 26, 2017

10 Steps to Buying a House

Buying a house can seem complicated, but it's easier than you think. Here's how to buy a house in 10 steps.

Home Buyers / June 21, 2017

The Pros and Cons of Refinancing Your House

If you own your home, but think you can get a better mortgage loan than what you have now, you might want to refinance. After all, there are some advantages to this....

Refinancing / June 12, 2017

What Closing Costs Are Tax Deductible?

If you're in the process of buying a home, saving money any way you can is a good idea. Fortunately, you will be able to recoup some of your closing costs at tax time....

Home Buyers / June 07, 2017

7 Reasons People Move

If you're thinking about moving, you're not alone. Every year, between 11.5 and 12.5 percent of the U.S. population moves. Why is that? Well, there are several great....

Home Buyers / June 01, 2017

What Documents Do I Need to Apply for a Mortgage?

You’ve been working hard to secure good credit and saving to put down 20 percent on the home of your dreams. Now that push comes to shove and it’s time to meet with your....

Home Buyers / May 25, 2017

Top 4 Questions to Ask When Buying a Home

Knowing what questions to ask when buying a home can mean the difference between living in a wonderful house with affordable payments and living in an overly expensive....

Home Buyers / May 22, 2017

Your Home Purchase: Who's Who at the Closing Table

You’ve bought your first home. The closing date is set and as you pack up your belongings and prepare to move, you realize that maybe you aren’t quite sure who all of the....

Home Buyers / May 18, 2017

How Do FHA 203(k) Loans Work?

FHA 203(k) loans are designed to help people fund home remodeling projects. These loans can either be used to fund upgrades to your existing home or to allow you to....

Home Buyers, 203k Loan / May 15, 2017

Top 5 Reasons to Refinance Your Long Island Home Now

It’s more than likely you or someone you know has refinanced a home on Long Island. A refinance—replacing your current mortgage with a new loan at a better interest rate....

Refinancing / May 09, 2017

Comprehensive Guide for First-Time Home Buyers

Buying your first home can be an exciting prospect, but also a challenge. With some knowledge of what to expect when you first seek a home, you'll do much better in mind,....

Home Buyers / May 01, 2017

4 Benefits of Reverse Mortgages

If you're a senior who owns a home that is paid off—or almost paid off—it's worth considering getting a reverse mortgage.

Reverse Mortgages / April 24, 2017

What Are Average Closing Costs on a Home?

Closing costs are the administrative, legal and other fees associated with purchasing a home. Most experts recommend that you budget 2 to 4 percent of the total purchase....

Home Buyers / April 18, 2017

What Does a 203(k) Loan Do?

A 203(k) loan is a type of home financing that is available to anyone who needs to renovate a property. Whether you want to upgrade your current home or plan to buy a....

Home Buyers, 203k Loan / April 10, 2017

How Does a Reverse Mortgage Work?

A reverse mortgage is a home loan that allows you to borrow money against the value of your home. Here's all you need to know about reverse mortgages.

Reverse Mortgages / April 03, 2017

A Step-by-Step Guide to Buying a Multi-Family Home

Buying a multi-family home has its advantages. For instance, you can earn money from other tenants while your family lives rent-free. Before you buy a multi-family home,....

Home Buyers / March 27, 2017

What is a VA Loan & How Do I Qualify?

Most homeowners have to borrow money before they can purchase a piece of property. Without a mortgage, it's unlikely that you have enough money to buy a house. Obtaining a....

Veterans / March 22, 2017

USDA Loans: Everything You Need to Know

If you're considering buying a house, it's helpful to have an understanding of all the types of loans available to you. One option that appeals to many homebuyers is the....

Home Buyers, USDA / March 13, 2017

5 Steps to Getting a Mortgage Pre-Approval

Getting pre-approved for a mortgage is a process that determines whether you qualify for a home loan. It's important to do this before you start seriously shopping for a....

Home Buyers / March 07, 2017

What Are USDA Home Loans?

USDA home loans are available to low and very low-income borrowers in rural areas. If you aren't able to qualify for a traditional mortgage, you may be eligible for the....

Home Buyers, USDA / February 22, 2017

6 Things to Look for When Buying a House

Buying a home is an exciting venture, but can come with some pitfalls. To avoid unexpected expenses, you need to perform some basic tasks to ensure that the house is in....

Home Buyers / February 16, 2017

Best Places to Live in 2017

The best place to live depends as much on livability and job opportunities as it does on personal taste. However, economic, housing and general amenities can put a....

Home Buyers / February 08, 2017

Am I Eligible for a USDA Loan?

USDA loans allow borrowers of modest means to enjoy the security and stability of owning their own home. If you aren't able to qualify for another type of mortgage, you....

Home Buyers, USDA / February 01, 2017

Applying for FHA Home Loans: What Your Lender Should Know

You will need to provide specific documentation when you apply for an FHA home loan or any type of mortgage loan because a lender will have to review your financial....

Home Buyers / January 30, 2017

Buying a Fixer Upper: Is it Right for You?

Choosing the home you’re going to live in is one of the biggest financial decisions you will ever make. Being a homeowner is a huge commitment that comes with a lot of....

Home Buyers, 203k Loan / January 19, 2017

Should You Live in the Multi-Family House You’re Renting Out?

For many people, purchasing a multi-family home is an investment opportunity—one that could help bring in extra monthly income.

Home Buyers / January 12, 2017

Can You Refinance Your Home with a Different Lender?

Refinancing their home mortgage is a viable option that many homeowners use when they want to reduce their monthly payments by taking advantage of lower interest rates.....

Refinancing / January 09, 2017

The 10 Essential Laws for First Time Home Buyers on Long Island

Buying a home, especially your first home, can be a fun experience with a touch of confusion and uncertainty. While you are probably excited that you are finally....

Home Buyers / December 27, 2016

4 Benefits of a Debt Consolidation Loan

Obtaining a debt consolidation loan is a great way to get a handle on your debt. By combining what you owe into one loan, you only have to pay one creditor, and you’ll get....

Debt Consolidation / December 23, 2016

Is a Reverse Mortgage a Good Idea for You?

Getting a reverse mortgage can be advantageous for many seniors looking for some additional capital. But just because you are 62 years of age or older doesn’t mean you....

Reverse Mortgages / December 14, 2016

Refinance Your Long Island Home For the Holidays

Kick off the New Year with a new mortgage.

The Holiday season is marked by warm get-togethers, seasonal cheer, and of course, shopping. Savvy shoppers are always on the....

Refinancing / December 07, 2016

Is Buying a Duplex and Renting it Out Worth it?

Buying a duplex can be rewarding. Most people decide to purchase a duplex to reap the benefits of being a landlord: specifically, collecting rental income. Earning extra....

Home Buyers / November 30, 2016

What to Consider Before Refinancing Your Mortgage

Before you make any important financial decision, you should always do your research. Refinancing your home mortgage is no different. Take the time to find out all you can....

Refinancing / November 23, 2016

Why Buying a Home in the Winter is a Great Idea!

Everyone knows that spring is the prime time to buy a home, right? Right?

Wrong.

Home Buyers / November 16, 2016

An Introduction to the VA Loan

In honor of Veteran’s Day this Friday, here’s an introduction to a home loan designed specifically with veterans and their families in mind.

Veterans / November 09, 2016

Why Get a Home Inspection Before Buying a House?

Before you decide that you've found the perfect place to live in, take a close look at the property’s infrastructure with the help of a reputable home inspector. You may....

Home Buyers / November 02, 2016

A Home Buyer's Guide to Making an Offer

While some people have experience purchasing a home, others are just getting familiar with the process. Some first-time home buyers don’t realize the amount of time....

Home Buyers / October 28, 2016

How to Find the Best FHA 203(k) Lenders on Long Island

Many FHA 203(k) lenders are located on Long Island. If you want this type of loan, you should definitely go to the most reputable mortgage company you know so your....

Home Buyers, 203k Loan / October 20, 2016

How to Qualify for a Home Mortgage Refinance

When you're looking to refinance the mortgage on your home, you’ll have to provide certain financial information to your mortgage loan originator in order to qualify.....

Refinancing / October 18, 2016

4 Reverse Mortgage Advantages

Reverse mortgages can help homeowners who are 62 years old or older receive a single payment or monthly payments based on their homes' built-up equity. Many people have....

Reverse Mortgages / October 07, 2016

Tips for Refinancing Your Long Island Home

Every year, countless Long Islanders refinance their homes. Usually people decide to do this so they can save money to pay down their debts. But that's not the only....

Refinancing / October 04, 2016

7 Valid Reasons for Moving to Another Long Island Home

People move every day—not just on Long Island, but around the world. Some travel to some place completely new while others don’t travel very far from their original home.....

Home Buyers / September 21, 2016

What to Look for in a New York Mortgage Lender

Choosing a New York mortgage lender is a critical part of moving. You may think that all lenders are the same, but that couldn’t be further from the truth. While many....

Home Buyers / September 16, 2016

Moving on Long Island? Here are 6 Qualities of a Good Realtor.

Choosing a realtor to help you sell or buy a home may seem like a simple task, but that isn’t always the case. Unless you already know a realtor, you could end up having a....

Real Estate Agents, Home Buyers / September 15, 2016

The Renovation Loan Offered by FHA-Approved Lenders

Some people are satisfied with a typical, conventional mortgage loan to finance their new home, but if they want help to afford the property and update it, then the....

Home Buyers, 203k Loan / September 13, 2016

Selling Your Long Island Home in the Fall

Trying to make your home appealing to a buyer is a challenge no matter the season. You may think that your home is perfect as is, but everybody has their own tastes and....

Home Value / September 07, 2016

Dealing With Home-Buying Stress As You Shop for a Duplex

Choosing to buy a multi-family home is a big decision, and with that commitment comes a lot of stress, especially in the beginning. Even if you’ve bought and sold a home....

Home Buyers / September 06, 2016

Are You Ready to Downsize to a Smaller Home?

As much as you love your present home, someday you may decide that it's time to downsize. Here's what you need to consider.

Home Buyers / August 29, 2016

5 Tips for Moving Out of Your Parents’ House

Although living at home with your parents does have its advantages (don't you love having someone else making you home-cooked meals?), there will come a time when you'll....

Home Buyers / August 24, 2016

3 Benefits of Buying a Move-In Ready Home

Buying a fixer-upper does have its advantages for those who are handy around the house, but taking on a project of that magnitude can be a daunting challenge. That's why....

Home Buyers / August 18, 2016

What are the Advantages of Owning a Home?

Owning a home is a lot of responsibility, but it can also be extremely rewarding. Home ownership comes with benefits. Besides the personal accomplishment you feel when you....

Home Buyers / August 10, 2016

4 Reasons to Buy a Fixer-Upper

While some people prefer to buy move-in ready properties that don’t require a lick of work, others opt for fixer-uppers instead. This kind of hands-on, roll-up-your....

Home Value, Home Buyers, 203k Loan / August 05, 2016

7 Qualities of a Good Mortgage Loan Originator

Choosing the right mortgage loan originator can be a tough task, but it’s a necessary part of the home-buying and home-selling process. Many people are willing to help you....

Refinancing, Home Buyers / August 02, 2016

Why It’s So Important to Get Pre-Approved for a Mortgage

As you get ready to buy a new home, not only do you need to hire a realtor, put your current home on the market and go to open houses, but you’ll also have to figure out....

Home Buyers / July 26, 2016

How to Qualify for Debt Consolidation

Consolidating your debt through your mortgage can help you get back on track to becoming debt free. But doing this doesn’t make sense for everyone. If you're considering....

Debt Consolidation / July 13, 2016

8 Signs You Are Ready to Buy Your First Home

Owning a home is a big responsibility, but also an exciting endeavor that first-time home buyers are eager to work towards. However, although an exciting and new....

Home Buyers / July 06, 2016

6 Tips for Buying and Financing a Fixer-Upper

With cable TV shows highlighting both the benefits and the hardships of buying and financing a fixer-upper home, some would-be home buyers would rather run away from the....

Home Value, Home Buyers, 203k Loan / June 29, 2016

How to Buy a House on Long Island: Follow these 11 Steps

So you’re ready to buy a house on Long Island! But where do you start?

Home Buyers / June 24, 2016

5 Commercial Moving Tips

There’s a lot that goes into moving a business. Just like with a residential move, you have to set up a realistic budget, determine where you want to relocate, and decide....

Home Buyers / June 20, 2016

7 Quick Reverse-Mortgage Facts To Keep in Mind

Reverse mortgages differ from other mortgage loans and require specific qualifications from loan applicants. Before making any kind of financial decision, it’s best to....

Reverse Mortgages / June 16, 2016

What Does Debt Consolidation Mean?

Debt is such an ugly word, isn’t it? Nobody wants to hear it. Unfortunately, too many people today have experience with it firsthand. Whether you have a mountain of....

Debt Consolidation / June 13, 2016

Buying a Multi-Family Home: Should You or Shouldn’t You?

Buying a multi-family home can be a great investment opportunity, but that doesn’t necessarily mean it’s a great option for everyone. Though owning this type of property....

Home Buyers / June 10, 2016

What Does it Mean to Refinance Your Mortgage?

“Refinance” is a word often used in the mortgage industry. Homeowners may want to refinance their mortgage for many reasons, such as paying their children’s college....

Refinancing / June 08, 2016

Where to Get an FHA Home Loan on Long Island

When you’re looking to get a loan from a mortgage lender on Long Island, you have the option to go to any one you want. In fact, you may find yourself overwhelmed by the....

Home Buyers / June 01, 2016

What Not to Do When Applying for a Mortgage Pre-Approval

Getting pre-approved for a mortgage is probably one of the most important parts of the home-buying process. Without taking this necessary step, your budget will be....

Home Buyers / May 31, 2016

Home Sales in New York on the Rise, According to NYSAR

According to the April 2016 Housing Market Report released by the New York State Association of Realtors (NYSAR)—a not-for-profit organization comprised of real estate....

Home Buyers / May 27, 2016

6 Moving Apps that will Help You Transition Between Homes

Just thinking about all of the tasks you have to complete as you transition from your old home to your new one is probably giving you a migraine. From getting pre-approved....

Home Buyers / May 23, 2016

Buying Your First Long Island Home: Take Notice of These Red Flags

Buying your first home on Long Island is exciting for any Long Islander. If you want, you can spend hours watching cable channels dedicated to house-hunting and home....

Home Buyers / May 13, 2016

Why Use a Realtor When Buying Your Long Island Home?

Long Island is the home to some of the finest real estate, so even the thought of moving can be overwhelming due to the vast range of properties to consider. And with....

3 Reasons to Get a Long Island FHA 203(k) Rehab Loan

Many people call Long Island home, but like every other place in the country, not every house on the market is move-in ready when you want to relocate. Older homes may be....

Home Buyers, 203k Loan / May 05, 2016

What are Some Factors that Affect Long Island Mortgage Rates?

Mortgage rates seem to be in constant flux, so Long Island home buyers may be wondering what causes them to fluctuate, along with other mortgage-rate questions that they....

Refinancing, Home Buyers / May 02, 2016

7 Tips for Buying a Condo

A lot goes into buying a condo, or any other piece of property for that matter. First, there’s figuring out what you can afford and when you would like to move in. Then,....

Home Buyers, Condo/Co-Op / April 29, 2016

Statistics Show Millennials Buying More Homes than Other Generations

It’s official. Millennials are all grown up, and though for a while it seemed like they would never be able to move out on their own, statistics exemplify how the....

Real Estate Agents, Home Buyers / April 22, 2016

6 Tips to Help Sell Your Home

Most people dread the long, tedious process of moving and want nothing more than to buying a new home and get settled in right away. Trying to sell your current home is....

Home Value / April 20, 2016

Celebrity Real Estate News: Joe Namath Purchases $1 Million NYC Co-Op

The great NFL quarterback, Joe Namath, forever known as Broadway Joe after leading the New York Jets to the Super Bowl, recently purchased a co-op in Manhattan for....

Home Buyers / April 15, 2016

How to Get a Mortgage with No Down Payment

Home ownership not only results in financial benefits as a great investment, but it’s also a rewarding source of personal fulfillment. There’s a certain pride people feel....

Home Buyers / April 12, 2016

What's a Reverse Mortgage or HECM?

Many older homeowners look for ways to leverage their primary residence to cover their financial needs and fund their future plans. For years, the solution meant selling,....

Reverse Mortgages / April 05, 2016

The Need-to-Know About Multi-Family Loans

Multi-family loans are sought by people who need help purchasing a multi-family property, which is a piece of real estate that can house more than one family.

Home Buyers / March 29, 2016

Commercial Mortgage Rates and Requirements

Commercial mortgage loans are a great way to secure business real estate. But, like any other type of loan, you should be aware of certain rates that may apply and all....

Home Buyers / March 28, 2016

First-Time Home Buyer Programs Can Help Secure Your Dream House

Purchasing a home is a great investment. Paying a mortgage instead of rent allows you to build equity and, if you ever decide to sell, profit from the property’s increase....

Home Buyers / March 22, 2016

The Ins and Outs of Debt Consolidation Programs

It can be overwhelmingly stressful when you have so many outstanding debts—student, car, medical, credit card—and you are trying to monitor all of them to ensure that you....

Debt Consolidation / March 11, 2016

Understanding FHA Loan Limits

Like any type of loan, an FHA loan is only provided under certain circumstances. It’s important to understand what these restrictions are.

Refinancing, Home Buyers / March 10, 2016

Renting vs. Buying a Home

Buying a home to build equity is one of the main financial reasons prospective buyers jump into the market, but many people also yearn for the satisfaction of....

Home Buyers / February 26, 2016

What is a Non-Warrantable Condo?

A non-warrantable condo is a piece of property that is not approved by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation....

Condo/Co-Op / February 18, 2016

Getting a Mortgage Pre-Approval for a Spring Move

Believe it or not, springtime is right around the corner—it’s less than six weeks away! But spring isn’t just the time for snow to melt, flowers to bloom, and allergies to....

Home Buyers / February 12, 2016

The Mortgage Crisis and Housing Bubble Explained

It was Jimmy Carter who introduced the idea of the American Dream as home ownership with the passage of the Community Reinvestment Act, a federal law prohibiting....

Home Buyers / February 03, 2016

Why a Long Island Realtor is Your (and Our) Best Friend

Being a Long Island Realtor is not as easy as you might think. Of course, it seems kind of glamorous, but the great ones are on call 24/7. Nights and weekends, time away....

Real Estate Agents / January 27, 2016

When Should I Lock in my Mortgage Rate?

Part of the process in securing home financing is locking in your mortgage rate. Your mortgage rate is the interest rate charged by your mortgage lender. Rates are offered....

Refinancing, Home Buyers / January 21, 2016

Why Do I Need Title Insurance?

When purchasing a home, buyers find that there are more aspects to the transaction than they might have originally assumed. Once in the throes of the home-buying....

Home Buyers / January 08, 2016

8 Reasons Why Buying a Home on Long Island is a Smart Idea for Millennials

Buying a home on Long Island is a smart investment across the board. But for millennials especially, real estate can be the platform for a smart financial strategy that....

Home Buyers / December 30, 2015

The Nesting Blog: Home for the Holidays

It starts with a trip up into the attic and boxes recovered from what seems to be ages ago. The careful unwrapping of decorations and ornaments – some new, some....

Home Buyers / December 21, 2015

What is an FHA 203(k) Rehab Loan?

In the right circumstances, an FHA 203(k) rehab loan could mean the difference between buying a move-in condition house in a less than stellar neighborhood or a....

Home Buyers, 203k Loan / December 18, 2015

The Top 5 Things You Didn't Know Affect Credit Scores

When purchasing or refinancing a home, your credit score is a crucial component of your financial health. With exemplary credit, you will be offered the best loan programs....

Home Buyers / December 15, 2015

Contour Supports Long Island Charities this Holiday Season-and Always

The holidays inevitably bring up the biblical adage, “It is more blessed to give than to receive.” Contour Mortgage recognizes and understands this, during the holiday....

The Nesting Blog / December 09, 2015

5 Tips for Selling Your Long Island Home in Winter

Selling your Long Island home during the winter months is a tough proposition. LI winters are notoriously harsh, with snow and ice making it difficult to navigate her....

Home Buyers / December 07, 2015

The Nesting Blog: Our Holiday Surprise

The impending holidays bring about a lot of feelings: nostalgia, excitement, joy. But if I’m going to tell you the whole truth, those feelings have always been coupled....

Refinancing, 203k Loan / November 24, 2015

What's the Difference Between a Mortgage Banker vs. Broker

When shopping for a mortgage, consumers are often confused about the differences between a banker vs. broker. Some use the terms interchangeably, assuming that because....

Home Buyers / November 11, 2015

The Nesting Blog: How Thanksgiving Turned My House into a Home

November on Long Island ushers in the crispness of the fall, delivering us into the holiday season and the winter wonderland that follows.

Home Buyers, The Nesting Blog / November 06, 2015

Realtors' Guide to New TRID Rules

On October 3rd, the Consumer Financial Protection Bureau enacted the new TRID rules (TILA-RESPA Integrated Disclosure), which combines four different, previously required....

Real Estate Agents / October 29, 2015

Mortgage Question: Should I Pay Points ?

One of the most important questions borrowers ask when refinancing or buying a home is: Should I pay points toward my mortgage?

Home Buyers / October 26, 2015

Long Island Mortgage Guide: The Best Team to Get You into a New Home

Finding and purchasing the right home is a team effort. No task that needs to be completed is done in a vacuum. From finding the right home, to listing and selling the one....

Home Buyers / October 22, 2015

6 Expert Tips to Help Establish Credit Preparedness

You can graduate high school, procure a prestigious college degree, recite a soliloquy from Hamlet, be able to calculate the Pythagorean theorem, yet find yourself in your....

Home Buyers / October 16, 2015

The Ultimate Guide to Securing the Right Mortgage

After you’ve been pre-qualified for a mortgage and made an offer on a home in your price range, you can start the process of securing a mortgage. Contour Mortgage....

Home Buyers / October 14, 2015

10 Awesome Long Island Neighborhoods for Young Families

Long Island is a big place. With all of the towns, villages and hamlets, it can get a little confusing – especially if you are a new family looking for a fresh start in....

Home Buyers / October 06, 2015

Finding the Right Home for You on Long Island

Once you know how much home you can afford, it’s time to hunt for your dream home. It can be tough to know which is the best fit for you with all the types of homes out....

Home Buyers / September 29, 2015

What's the Difference Between Condos and Co-ops?

There’s a good chance you would not be able to determine if a piece of property is a condominium (condo) or a cooperative (co-op) simply by looking at it. The difference....

Home Buyers, Condo/Co-Op / September 28, 2015

Fall Refresh for Long Island Realtors

Homes are so beautiful in the fall.

The warm colors of the season tends to be a perfect backdrop for setting the stage up for buyers to imagine how inviting their home can....

Real Estate Agents / September 24, 2015

TRID Mortgage Changes Coming October 3: What You Need to Know

The details of mortgage paperwork can be confusing to many people looking to buy or refinance a home. The legal disclosures can be intimidating to the untrained eye. As....

Home Buyers / September 22, 2015

The Value of Long Island Mortgage Companies

The mortgage industry has gone through dramatic regulatory changes in recent years. This has resulted in a massive shake out of Long Island mortgage companies as well as....

Home Buyers / September 21, 2015

The Ultimate Guide to Refinancing on Long Island

Refinancing on Long Island can be a complex task. Information abounds concerning many of the different components involved in a refinance, but so much disparate....

Refinancing / September 19, 2015

Resource Guide for Long Island Veterans

Long Island boasts a proud tradition of military service. The region has the tenth highest returning veteran population; Nassau and Suffolk Counties have more than 150,000....

Veterans / September 07, 2015

Planning Your Move with New York Relocation Professionals

This is how it goes: It’s time to move. The apartment is getting cramped. You’ve just gotten married. You’ve just gotten divorced. You’re upsizing. You’re downsizing.

It’s....

Home Buyers / September 02, 2015

Five Ways to Reduce Home Expenses on Long Island

Living on Long Island is expensive. The choice to live here is based on an age-old adage: You get what you pay for. Long Island is a hotbed of unrivaled natural beauty,....

The Plunge of the Dow Spells Good News for Long Island Mortgage Rates

This week brought bleak news to those with their eyes on Wall Street, which took a serious plunge as investors participated in a significant worldwide sell-off. The Dow....

How to Navigate Simultaneous Closings When Buying and Selling a Home

The myth of the simultaneous close sits somewhere in the universe between the existence of unicorns and search for tiny leprechauns. However, there is one small....

Home Buyers / August 20, 2015

Home Equity Options for Increased Home Value

As real estate values have risen and stabilized, many homeowners are accessing equity in their homes through second mortgages to consolidate bills, pay for college or fund....

Home Value / August 14, 2015

Contour Cares: Executives Support Long Island Charities

Dan Pisani, VP of Sales for Contour Mortgage Corporation, wears his heart on his sleeve. As a high-powered executive, you’d expect the cut throat persona Michael Douglas....

Home Buyers / August 12, 2015

Answers to Your Questions about Long Island Mortgage Rates

When buying a home, a lot has to be taken into consideration: neighborhood, amenities, proximity to the workplace, the condition of the house, and the sales price, to name....

Home Buyers / August 07, 2015

Why Asking About Long Island Mortgage Rates is the Wrong Question

The most common mortgage question buyers ask first when shopping for a home is, “What’s your rate?” While securing a good rate is very important and will affect the....

Home Buyers / July 31, 2015

Should I Refinance My Long Island Home?

Historically low interest rates have caused many in our area to question: Should I refinance my Long Island home?

Refinancing your home mortgage can seem like a....

Refinancing / July 29, 2015

Field Guide for First Time Home Buyers on Long Island

Buying a home, first things first…

So you’ve decided to buy a home; congratulations - now the fun begins! 

Actually, it can be very “un-fun” for first time home buyers on....

Home Buyers / July 24, 2015

10 Tips for Creating Memorable Open Houses on Long Island

An Open House in the real estate business is an important part of a Realtor’s success. It could be a stepping-stone to the sale of a listed home by bringing in both buyers....

Real Estate Agents / July 22, 2015

CEMA Mortgage: How You Can Save NYS Mortgage Tax

The advantage of a CEMA mortgage on your home refinance.

The only certainties in life are death and taxes, right?

Refinancing / July 15, 2015

Pre-Approval vs. Pre-Qualification

Home buying can be competitive. You aren't just looking for your dream home, you might be pitted against others who are in the exact same pursuit. 

When shopping for a....

Home Buyers / July 10, 2015

The Difference between Real Estate Agent and Real Estate Broker

Often times the terms “real estate agent” and “real estate broker” are used correspondingly. Although both agents and brokers work in the same industry, there are some key....

Real Estate Agents / June 17, 2015

Morey Publishing Presents: Extreme Survival - Long Island Edition

On life’s journeys, we sometimes encounter rocky situations. No matter how hard we plan, how meticulously we research, or how much effort we pour into our preparations,....

/ May 29, 2015

Top 10 Updates that Increase Home Value on Long Island

Selling a house for top dollar is the ultimate goal for any Realtor. Accomplishing the best return for your client – and collecting the highest possible commission – is....

Home Value / May 19, 2015

The Keys to Becoming a Successful Real Estate Agent

Real estate professionals are a unique breed of businessperson. For some, facilitating the transactions between home buyers and sellers is a means to an end – a way to....

Real Estate Agents / May 19, 2015