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Mortgage News, Tips and Resources

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Mortgage Commitment Letter: Your Ticket Home text with loan officer chatting with couple in background
January 20 2023

Mortgage Commitment Letter: Your Ticket Home

When financing a home, borrowers must first obtain pre-approval and pre-qualification letters, followed by an official Mortgage Commitment Letter.

FHA 203(k) Loans vs. Conventional Rehab Loans text with room under renovation in background
January 09 2023

FHA 203(k) Loans vs. Conventional Rehab Loans

Whether purchasing a fixer-upper or renovating a current home, there are several important factors to consider when deciding between government-backed or conventional rehab loans.

January 05 2023

Champ & Contour Cares Proudly Sponsors The First Annual Compassion Awards

As a sponsor for The first Annual Compassion Awards, Contour Cares offered their commitment to advocating and caring for animals.

December 22 2022

10 Reasons People Move

Homeowners move each year for various reasons including employment, financial challenges, more or less space, and other factors.

The Best Neighborhoods To Live In New Haven, Connecticut text with aerial view of new haven in background
December 16 2022

The Best Neighborhoods To Live In New Haven, Connecticut

If you’re thinking of living in New Haven, Connecticut, consider important factors such as school districts, median home prices, transportation access, and more.

December 05 2022

Champ & Contour Cares Kicks Off USMC Toys for Tots Collection Drive

Contour Mortgage and Champ kick-off the Oyster Bay Annual Toys for Tots Cruise-Thru Collection Drive.

November 30 2022

Contour Cares Applauds St. Joseph's  For Taking Its Staff To A Mets Game

Contour Cares partnered with Catholic Health and St. Joseph's Hospital to treat EMS and nursing staff to a Mets Game.

The Pros & Cons of Getting a Rehab Mortgage with couple working on renovating home in background
November 23 2022

The Pros & Cons of Getting a Rehab Mortgage

When considering a rehab mortgage for a new home purchase or renovation project, it’s important to examine various types and specific requirements, benefits, and drawbacks of each.

November 18 2022

Contour Cares Races to Help End Cancer

Contour Cares participated in a race against cancer with the Empire State Bike Ride. We made a direct impact on the lives of cancer patients across the state.

November 14 2022

Which Loans Are Best for First-Time Home Buyers?

First-time home buyers may qualify for various conventional and government-backed loans, such as those offered through Fannie Mae, Freddie Mac, the Federal Housing Administration, U.S. Department of Agriculture, and Veterans Affairs.

November 08 2022

Contour Cares Celebrates Central Nassau Guidance's 50th Anniversary

Central Nassau Guidance celebrated its 50th Anniversary with Contour Cares.

November 03 2022

Types of Government-Backed Home Loans

Government-backed loans offered through the Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA), and Veterans Affairs (VA) can assist qualified borrowers with home purchases, and improvement and rehab projects.

October 17 2022

Can You Add Renovation Costs to Your Mortgage?

Yes, renovation costs can be added to specific rehab loans offered through the Federal Housing Administration (FHA), Fannie Mae, Freddie Mac, and more for borrowers meeting specific criteria regarding down payment amounts, project scopes, credit scores, and more.

Top 10 Things to Consider When Relocating with happy couple smiling and giving thumbs up
October 03 2022

Top 10 Things to Consider When Relocating

More and more consumers are moving and relocating each year for various reasons, such as employment, relationship and lifestyle changes; financial challenges; additional space; and other life-altering factors.

September 26 2022

What Are the Benefits of a USDA Rural Development Loan?

Borrowers seeking home ownership with a limited budget and income can find relief through a USDA Rural Development Loan boasting lenient qualifications, such as no down payment requirements, credit score flexibility, and lower closing costs.

September 19 2022

How to Navigate a Bidding War

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.

July 15 2022

5 Ways to Reduce Home Expenses on Long Island

With the cost of living increasing each year, many prospective and current Long Island homeowners are seeking ways to keep expenses down, such as refinancing, tax grievances, veterans benefits, energy audits, and debt consolidation.

June 21 2022

Top 10 Fun Things to Do on Long Island

With close proximity to New York City, Long Island is a suburban oasis of activities, recreation, cuisine, museums, beaches, and culture for residents and visitors of all ages.

May 13 2022

How Home Buyers Can Navigate the Spring Real Estate Market

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.

man being handed signing papers for home sale
March 04 2022

How to Get Your Offer Accepted in a Seller’s Market

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.

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