Mortgage News, Tips and Resources

There are both pros and cons to buying a house in the summer. Typically, there are a high number of listings, but at higher prices.

Steps to buying a house include deciding on a budget, researching your mortgage options, finding the right realtor, and closing the sale.

You may be able to recoup some of your closing costs at tax time, as your property taxes, mortgage interests and points are tax deductible.

What documents do I need to apply for a mortgage? Your mortgage loan originator will ask you for bank statements, W2s and more.

Some questions to ask when buying a home include what the average prices in the area are and what repairs need to be addressed.

You, the home sellers, both of your attorneys, and a bank attorney are just a few faces you will find at the closing table when buying a home.

FHA 203(k) loans help people fund home remodeling projects. This is a great option for those looking to buy a home that needs some work.

For first-time home buyers, consider the type of property you want to purchase, get pre-approved for a mortgage, and work with a realtor.

The average closing costs on a home vary depending on the region in which you live in. For example,in New York, the average is $2,500-plus.

Owning a multi-family home has its benefits, but do your research first. Consider the property's size and the idea of being a landlord.

USDA loans are government-backed home loans designed by the United States Department of Agriculture for low-income buyers.

When it comes to getting a mortgage pre-approval, be ready to provide proof of income, confirm your employment, among other things.

USDA home loans are mortgage loans for low-income borrowers in rural areas. In order to qualify, you must meet certain requirements.

Some things to look for when buying a house include: making sure the home is insulated and checking the heating and cooling systems.

According to Livability, Fort Collins, Colorado, Madison, Wisconsin, and Ventura, California are among the best places to live in 2017.

You must meet certain criterion to be eligible for a USDA loan. For example, you must have two years of steady income.

When applying for an FHA home loan, you are required to share certain financial documents, such as recent tax returns, to your lender.

Buying a fixer upper has its advantages, but it is not for every. Ask yourself if you are willing to take on the work and spend the money.

Only you can choose if living in the multi-family home you're renting out is right for you. Consider the pros and cons of both options.

As a first-time home buyer on Long Island, you will be in a place of informed decision-making with these important tips.