Cybersecurity

Published February 19, 2021 135 Views

Cybersecurity

This morning, details of a new scam were brought to our attention. It was sophisticated and believable. Fortunately, the borrower trusted her instincts and called us directly. The borrower, who hasn’t even closed on her loan yet, had someone call her posing as our Post Closing Concierge and...

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Is a VA Loan the best option for you?

Published February 4, 2021 51 Views

What is it? A VA Loan is a program available through The Department of Veterans Affairs (VA) for those who have served in our nation’s armed forces and, in certain cases, to spouses of deceased veterans. It is designed to make home ownership for veterans easier! How Does it Work? VA...

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What Agents Have to Say About Us

Published January 27, 2021 91 Views

At Premium Mortgage Corporation, we recognize that Real Estate Agents are the backbone of our industry. Your thoughts matter. To measure the satisfaction of the local Real Estate community, we surveyed agents across Western, Central, and Upstate New York. Well, we received some AMAZING comments and...

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Is a Conventional Loan the Best Option for You?

Published December 29, 2020 150 Views

Is a Conventional Loan the Best Option for You?

How Does it Work? A Conventional Loan is a mortgage that is not insured or secured by any government program or entity. The borrower will pay all insurance costs. These loans are available through private lenders only, such as mortgage companies, banks, and credit unions. Conventional Loans are o...

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An Overview of Different Loan Types and New 2021 Loan Limits

Published December 4, 2020 188 Views

An Overview of Different Loan Types and New 2021 Loan Limits

Conventional Loan A Conventional Loan is a mortgage loan that is not insured or secured by any government program or entity. The borrower will pay all insurance costs. These loans are available through private lenders only, such as mortgage companies, banks, and credit unions. Conventional Lo...

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Do You Really Need an Agent?

Published November 19, 2020 130 Views

Do You Really Need an Agent?

We understand that the home buying process isn’t exactly common knowledge and not everyone has experience buying a house. The information is available, but it isn’t exactly the most accessible…or easily understandable for that matter. In all seriousness though; do you REALLY n...

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Credit Score Factors

Published October 6, 2020 236 Views

Credit Score Factors

We’ve all heard of credit score, right? That score that directly affects every large purchase you intend to make throughout your life. That’s a big impact. But don’t worry, we are here to help. Here’s a complete guide to understanding your credit score and how you can imp...

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What Not to Do When Buying a Home

Published September 8, 2020 330 Views

Do you know the dos and don’ts of buying a house? It’s okay if you don’t. The housing market has absolutely changed through the generations and honestly, the thought alone can be overwhelming. When you’re buying a house, there’s a few rules that you might not think of u...

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Is Forbearance Stopping Your Buyer From Qualifying? We Have A Solution.

Published July 7, 2020 814 Views

If your borrower chose to put their current mortgage in forbearance due to COVID19, the 3-month grace period that they were given is starting to end and that forbearance could prevent them from obtaining a new mortgage unless certain steps are taken.  The quickest thing your borrower can do...

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How to Stop Telemarketers

Published June 22, 2020 708 Views

The first step of any loan process is getting a credit check. Unfortunately, the credit companies take any lender pulling your credit report as “implied consent” to sell your information to other lenders. The buyer of your information already knows that you are in the market for what...

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Forbearance update (FNMA/FHLMC):

Published May 22, 2020 1718 Views

From the Desk of Mike Donoghue Fannie Mae and Freddie Mac have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to purchase a new home or refinance their existing home. If the borrower entered into a forb...

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Premium Mortgage Corp – May’s Blog

Published May 11, 2020 572 Views

Helpful Tips On: Flood Insurance Is your listing a flood zone? Not sure? You can easily find out online, that way you are able to take the appropriate steps to minimize risk! Check out: HTTPS://MSC.FEMA.GOV/PORTAL -       Enter the property’s address...

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Forbearance & Mortgage Payment Advice

Published April 17, 2020 701 Views

From the Desk of Mike Donoghue The recent guidance from government officials regarding forbearance and mortgage payments sounds great but the reality is somewhat different. First I will provide you with two examples that recently occurred. A homeowner hears they do not have to make their mo...

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Helpful Tips: Working from home during the COVID-19 Quarantine

Published April 7, 2020 861 Views

We understand that now can be a stressful time. We have come up with helpful tips for those that are working remotely due to COVID-19. Establish your new routine Wake up at the same time each day, being working at a set time. This will help give you a sense of normalcy in feeling like a...

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Mortgage Payments Q&A with Mike Donoghue

Published April 1, 2020 1162 Views

It was announced that banks will waive mortgage payments for 90 days. What does this mean for you? New York State Gov. Cuomo and the Federal government have announced that banks will waive mortgage payments for 90-180 days. This has brought on a lot of discussion regarding mortgage lenders sta...

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Are You Being Flooded with Deceptive Junk Mail After Buying Your Home? Don’t Worry!

Published March 23, 2020 720 Views

First and foremost, congratulations on your new home! But just after you’ve finally settled in, you begin to notice that your daily mail is a little bit more robust than usual. This is not uncommon at all. Purchasing a new home as well as securing a mortgage loan brings with it junk mail in...

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Q&A Coronavirus from Mike Donoghue

Published March 17, 2020 6511 Views

From the Desk of Mike Donoghue Coronavirus Q and A March 17th, 2020 In response to the unprecedented reaction to Coronavirus and the associated impacts on employers, schools and government facilities we want to provide guidance to our real estate professional partners. I will forgo the boil...

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Premium Mortgage Corp. – December News Blog

Published December 12, 2019 739 Views

Premium Mortgage Corp. – December News Blog

What do you call a snowman party? A Snowball! Each month, Premium Mortgage Corp. releases a newsletter to real estate agents, with helpful tips and industry trends! Highlights from this month’s edition include: Mortgage 101: Investor Loan Winter Selling Tips! Premium Mortgage Corp...

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Premium Mortgage Corp. – November News Blog

Published November 15, 2019 845 Views

November is a time to give thanks and enjoy each other’s company – with a whole lot of turkey!  Each month, Premium Mortgage Corp. releases a newsletter to real estate agents, with helpful tips and industry trends for Realtors® and their clients. Highlights from this month&rs...

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September 2019 Newsletter

Published September 10, 2019 1177 Views

September 2019 Newsletter

Download The Newsletter Here Mortgage 101 INVESTOR CASH FLOW The Investor Cash Flow Mortgage allows cash flow on the subject property to be used to qualify for the new loan. No tax returns or employment information required. There is no limit to the number of financed properties. This innov...

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Premium Mortgage Growing In Syracuse

Published September 5, 2019 2720 Views

Syracuse Securities, Inc. will be handing over the reins to Premium Mortgage Corp., a mortgage industry leader in Upstate NY. SYRACUSE, NY, September 5, 2019 - Syracuse Securities, Inc., founded in 1963 by the Smith family, is completing a 44-year run as a leading mortgage lender in New York...

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Premium Makes Top Mortgage Bankers and Brokers List

Published July 18, 2019 1617 Views

Premium Makes Top Mortgage Bankers and Brokers List

Buffalo Business First released its Top Mortgage Bankers and Brokers List this month and Premium Mortgage Corporation has been ranked #2. This list is ranked by number of retail loans in 2018 and features 25 companies located in the Buffalo area. Here are Premium’s stats: Local Lo...

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Premium Wins Buffalo “Brick by Brick” Award

Published June 18, 2019 1254 Views

Premium Wins Buffalo “Brick by Brick” Award

Premium Mortgage has been awarded a “Brick by Brick” award in the New Office category for their new Buffalo office located at 4421 Transit Road. The 2019 Brick by Brick finalists were announced June 7. The winners were announced June 11 at an awards ceremony at 500 Pearl. The Buff...

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Stop Telemarketers

Published April 3, 2019 2412 Views

Stop Telemarketers

A credit check is a crucial step of the loan pre-approval process. Unfortunately, this step could open the door to unwanted attention from solicitors. When your credit information is requested by your lender, a copy is automatically added to a massive database through which competing lender c...

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Preparation Tips for Selling Your Home in The Spring

Published February 5, 2019 1234 Views

Preparation Tips for Selling Your Home in The Spring

For many homeowners, spring is a popular time to sell their houses. If you’re gearing up to sell your home this spring, here are five pointers to help increase curb appeal and overall value: Enhance the Landscaping: A neat yard is an instant eye-catcher. Keep the landscaping looking shar...

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Help Your Buyers Beat the Competition

Published May 25, 2018 1537 Views

Help Your Buyers Beat the Competition

Premium Mortgage will be rolling out two new products to help your buyers succeed in beating the competition.     Make your buyer's offer stand out in a competitive situation with product#1: In today's competitive environment, price isn't always enough to win. T...

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2018 CMAC Summer Line Up

Published May 16, 2018 3088 Views

2018 CMAC Summer Line Up

The Venue The Constellation Brands-Marvin Sands Performing Arts Center (CMAC) has released their 2018 summer line up. Keep reading tofind out what performers are coming to Canandaigua this summer. For anyone who is not familiar with this venue, it's an amphitheater located in upstate New York with a...

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Self-Employed? What You Need To Know About Qualifying For a Mortgage

Published May 9, 2018 1935 Views

Self-Employed? What You Need To Know About Qualifying For a Mortgage

There are many advantages to being self-employed, but when it comes to qualifying for a mortgage, you'll find some lenders don't typically view this work status favorably. However, although it may be more challenging and expensive to get approved when you work for yourself, it is still possible to g...

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Tips for Spring Home Buyers

Published May 3, 2018 1724 Views

Tips for Spring Home Buyers

As the days grow longer, the spring homebuying season comes into view. What can house hunters to do to prepare for buying a home and taking on a mortgage this spring? Here are three valuable tips for buying a new home this spring: Go local For the best results, pinpoint the neighborhood where you...

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3 Common Myths About Home Buying & Mortgage Rates

Published April 24, 2018 2229 Views

3 Common Myths About Home Buying & Mortgage Rates

Buying a home can be frustrating and intimidating, especially if you're relying on advice from friends and family members who purchased their homes years ago.We recommendturning to a professional instead if you want the home of the dreams and affordable mortgage rates. If you're in the market for a...

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