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Mortgage News, Tips and Resources

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What's a Reverse Mortgage or HECM
April 05 2016

What's a Reverse Mortgage or HECM?

You may have heard of this type of loan, but if you still wonder how a reverse mortgage works, you will find out here.

The Need-to-Know About Multi-Family Loans
March 29 2016

The Need-to-Know About Multi-Family Loans

Qualifying for a multi-family loan is similar to qualifying for a single-family mortgage loan, but there are some differences to keep in mind.

Commercial Mortgage Rates and Requirements
March 28 2016

Commercial Mortgage Rates and Requirements

There are many commercial loan rates and requirements, but it’s important to be well informed so you can determine if you will qualify for them.

First-Time Home Buyer Programs Can Help Secure Your Dream House
March 22 2016

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

Purchasing a home is a scary (but exciting!) endeavor. It’s always good to have a little help, and Contour is ready to assist first-time home buyers.

Eyeglasses on Debt Consolidation Loan Application
March 11 2016

The Ins and Outs of Debt Consolidation Programs

Debt Consolidation Programs can be beneficial because they make it easier for you to pay off any outstanding bills that you’re aching to get rid of.

Understanding FHA Loan Limits
March 10 2016

Understanding FHA Loan Limits

FHA loan limits change from year to year depending on certain factors, so it’s important to stay up-to-date about what these restrictions are.

Renting vs. Buying a Home
February 26 2016

Renting vs. Buying a Home

There are many benefits to both renting and buying a home, but you have to carefully consider your options. It’s all based on finances and preference.

Condo with nice landscaping on sunny day
February 18 2016

What is a Non-Warrantable Condo?

There's a difference between warrantable and non-warrantable condos. When looking to secure a mortgage, it's important to know what those disparities are.

Getting a Mortgage Pre-Approval for a Spring Move
February 12 2016

Getting a Mortgage Pre-Approval for a Spring Move

The Long Island real estate market heats up in the spring. Now is the time to get pre-approved for a mortgage, so you won't have to stress later on.

Nesting Blog: Adulthood and my Long Island Refinance
February 05 2016

Nesting Blog: Adulthood and my Long Island Refinance

The irresponsibility of my 20s resulted in bad credit. But after a few years of hard financial work, I qualified for a Long Island refinance. Go me.

couple holding up keys from real estate agent in front of new home
February 03 2016

The Mortgage Crisis and Housing Bubble Explained

The terms housing bubble and mortgage crisis are often heard buzzwords. But what really happened? Here's a clear summary of the financial crisis.

Why a Long Island Realtor is Your (and Our) Best Friend
January 27 2016

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

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

When Should I Lock in my Mortgage Rate?
January 21 2016

When Should I Lock in my Mortgage Rate?

Knowing when to lock in a mortgage rate isn't an exact science, but some determining factors can help take out some ofthe guesswork.

Why Do I Need Title Insurance?
January 08 2016

Why Do I Need Title Insurance?

Home buyers want to know: Why do I need title insurance? And what exactly is it?

December 30 2015

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

With a close proximity to what New York City has to offer, buying a home on Long Island remains a great investment for forward-thinking millennials.

The Nesting Blog: Home for the Holidays
December 21 2015

The Nesting Blog: Home for the Holidays

Traditions are what make our house a home for the holidays.

What is an FHA 203(k) Rehab Loan?
December 18 2015

What is an FHA 203(k) Rehab Loan?

An FHA 203(k) loan is a mortgage loan that also covers the cost of repairs. It's perfect for the purchase of a fixer-upper.

Text Graphic - Top 5 Things you didn't know affect credit scores
December 15 2015

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

Understanding exactly what factors affect credit score can be tricky. Contour Mortgage outlines the top 5 things that can affect your credit score.

Contour Supports Long Island Charities this Holiday Season-and Always
December 09 2015

Contour Supports Long Island Charities this Holiday Season-and Always

Contour pays it forward. We work with a number of both national and Long Island charities that need our help.

5 Tips for Selling Your Long Island Home in Winter
December 07 2015

5 Tips for Selling Your Long Island Home in Winter

Here are 5 tips for selling your Long Island home in winter:

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