Premium Newsletter - March 2016

Published: March 2, 2016 7:19pm 364 Views

Premium Newsletter - March 2016

Premium Mortgage News Each month, Premium Mortgage provides the latest mortgage news, real estate tips, money saving coupons, and more in our newsletter. Here you can find the March, 2016 newsletter.     This Month's Newsletter Topics Include: Bridge Loans: Move F...

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Do You Really Need a Real Estate Agent?

Published: February 2, 2016 9:04pm 645 Views

Do You Really Need a Real Estate Agent?

Real Estate transactions involve one of the biggest financial investments you could experience in your lifetime. Real estate transactions, today, will typically exceed $100,000. If you had a $100,000 income tax problem, would you not bring in a CPA? If you had a $100,000 legal question, would you...

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Why Do Mortgage Rates Change?

Published: December 29, 2015 4:07pm 484 Views

Why Do Mortgage Rates Change?

On December 16th, 2015 the Federal Reserve increased interest rates for the first time in a decade. But how does that effect the mortgage industry and the cost of buyinga house? The short answer is, in this latest increase, not much. The more important question is, why do mortgage rates change at al...

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Do I Need a Lawyer To Buy A Home?

Published: November 25, 2015 6:31pm 783 Views

Do I Need a Lawyer To Buy A Home?

There are essentially two ways to get a mortgage. The first being a "purchase money mortgage" that is obtained when buying a property; having an attorney representation is highly recommended. The second situation is a "refinance mortgage" that is obtained when you already own the...

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Thinking About Buying A House?

Published: October 22, 2015 3:40pm 596 Views

Thinking About Buying A House?

The Mortgage Process There are quite a few things that go on behind the scenes after you have applied for a mortgage. We thought you might like to know a bit about them: Processing During processing, the loan file is examined to ensure that all information is complete and accurate and meets t...

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How Do I Get My Credit Score on the Right Path?

Published: September 29, 2015 8:15pm 759 Views

How Do I Get My Credit Score on the Right Path?

In order to be pre-approved for a mortgage YOU MUST HAVE A CREDIT SCORE between 640-850. If your score is lower than this then the following actions can be taken in order to achieve this score: No late payments on any existing accounts (especially in the last 12 months). TIME HEALS EVERYTHING!...

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What's the Difference Between a Banker & Broker?

Published: August 19, 2015 4:27pm 770 Views

What's the Difference Between a Banker & Broker?

Generally speaking, you have three types of professionals to choose from when seeking mortgage financing   Retail Bank Broker Mortgage Banker Wide variety of programs Possibly Possibly Multiple investors Limited...

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Protecting Your Information From Unwanted Solicitation

Published: July 29, 2015 7:45pm 345 Views

Protecting Your Information From Unwanted Solicitation

A few years ago the major credit reporting agencies (Equifax, Experian and Trans Union) started a program whereby they would sell the names of people who had their credit checked (to buy a car, obtain a mortgage, etc.) to other third party entities that may provide a similar product or service. Majo...

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What NOT to do When Buying A House

Published: July 1, 2015 2:06pm 591 Views

What NOT to do When Buying A House

We've said this before but it really bears repeating. Pay close attention and your road to mortgage financing and refinancing will go a lot smoother! If you've been approved for a mortgage it generally means you've got great credit and that lenders are eager to loan you the funds necessary to purcha...

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Time is Money

Published: May 28, 2015 4:16pm 345 Views

Time is Money

The Problem As the owner of a mortgage bank, the most common complaint I hear about buying a house is the excessive amount of documentation required to obtain mortgage financing. The new laws governing mortgages and money laundering seem endless and the sheer volume of the paperwork needlessly slows...

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So You Think You Bought a House?

Published: March 31, 2015 10:03pm 575 Views

So You Think You Bought a House?

You find the house of your dreams, your agent writes an offer and the seller accepts it. You think you've bought a house but in some cases you have not. Your offer will have contingencies that protect you, the buyer, such as engineer's inspection, mortgage contingency, transfer of existing p...

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Premium Mortgage Named Top Workplace

Published: March 28, 2015 1:20am 343 Views

Premium Mortgage Named Top Workplace

Rochester, NY. -- March 27, 2015 -- Premium Mortgage is pleased to announce that it has been selected as a Top Workplace. The Top Workplaces designations are determined based solely on employee feedback. The employee survey is conducted by WorkplaceDynamics, LLP, a leading research firm on organizat...

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How to Prepare for Buying a Home

Published: January 29, 2015 10:25pm 433 Views

How to Prepare for Buying a Home

Here's a list of some steps you need to take before you get into "home buying mode". First, you should know that you will need a credit score of at least 640 in order to qualify for a mortgage. If your score falls below that threshold, here are a few things you can do to improve it ove...

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3% Down Conventional Loans

Published: December 31, 2014 7:56pm 569 Views

3% Down Conventional Loans

This exciting program is designed for low-to-moderate-income homebuyers. It provides significant flexibility in credit guidelines for borrowers with limited cash resources! It is a fixed rate program available for a 30 year fully amortized term. PERFECT FOR FIRST-TIME HOMEBUYERS! UNLIMITED G...

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Thank You!

Published: December 3, 2014 2:26am 278 Views

Thank You!

Now that we've settled back in after the Thanksgiving Holiday, and because today is#GivingTuesday& #RocTheDay, we would like to take the time to sayThank You to all of our customers and business partners who have made us who we are today. We understand the importance of what it means to be a...

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Why It's Still A Good Time to Buy and Sell in the Winter

Published: November 26, 2014 10:15pm 595 Views

Why It's Still A Good Time to Buy and Sell in the Winter

It seems that there is a misnomer that you should always wait to buy and sell a house once the spring market arrives, which is when the 'peak' season of real estate exists in the North East. Just because there may be some snow on the ground, doesn't mean you should just hunker down and wait. There a...

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What You Need to Know About Buying a Home

Published: September 3, 2014 10:18pm 405 Views

What You Need to Know About Buying a Home

Buying a house is a memorable experience, and knowing what to expect will help you in your journey. We've outlined the most common steps in buying a home including details that you will find useful as you proceed in the process. What happens after you've found your perfect home? App...

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Why Now is the Perfect Time to Buy A House in Buffalo

Published: July 30, 2014 8:33pm 634 Views

Why Now is the Perfect Time to Buy A House in Buffalo

Buffalo has been a bright spot in the housing crisis and has managed to buck the national trend of high foreclosure rates and decreasing home values. Going into this challenging time, Buffalo's history of stable housing prices, a stable economy and our lower unemployment rate seemed to indicate that...

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USDA Mortgages - A Zero Down Payment Option

Published: June 25, 2014 9:29pm 3298 Views

USDA Mortgages - A Zero Down Payment Option

A common misconception is that a United States Department of Agriculture (USDA) Mortgage applies to farms. In fact, under USDA regulations, having a working farm negates USDA eligibility. The purpose of the USDA program is to develop purchases in rural areas. You may be surprised by what is consider...

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Should You Buy or Rent?

Published: May 30, 2014 5:41pm 577 Views

Should You Buy or Rent?

Deciding on whether to rent an apartment or buy a home has varying consequences from financial aspects, quality of life benefits and considerable cost differences over the long term. Read below to see why buying home might be best for you. Financial BUY Interest on mortgage taxand property tax ma...

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How the Washington Post Got It All Wrong on Home Ownership

Published: May 6, 2014 10:27pm 353 Views

How the Washington Post Got It All Wrong on Home Ownership

A recent article in the Washington Post was hardly favorable to housing. Basically, the article dispels the belief that a home is the best investment for most people. Other investments, such as stocks, are better investments over the long run. The article misses the point. The home you own isn't an...

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The 10 Mistakes People Often Make When Buying A Home

Published: April 23, 2014 8:10pm 743 Views

The 10 Mistakes People Often Make When Buying A Home

The home buying process should be a fun and exciting time for you. We hope to show you how to avoid common pitfalls which will make the home buying process a more enjoyable experience for everyone involved. The 10 Mistakes 1. Starting your home search without being pre-approved for a mortgag...

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Making Small Steps to Improve Quality of Life

Published: January 15, 2014 2:31am 371 Views

Making Small Steps to Improve Quality of Life

  In an effort to help give back to their neighbors, Premium Mortgage Corporation's WNY office has started a yearlong partnership with St. Lawrence Outreach Ministries, including the Father Joe Moreno Memorial Food Pantry and Children's Clinic. Premium employees have been encouraged to donate both...

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Real Estate is Hot in Buffalo

Published: October 23, 2013 8:04pm 427 Views

Real Estate is Hot in Buffalo

Long considered to be immune to booms and busts, Western New York is experiencing a seller's market like none that's been seen in decades Alexis Agnello has lived through a whirlwind. The 32-year-old commercial banker and her husband, a 33-year-old landscaper, bought a house in North Buffalo, sold t...

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Existing home sales down 1.9%

Published: October 23, 2013 5:52pm 401 Views

Existing home sales down 1.9%

Existing home sales fell nearly 2 percent in September to a seasonally adjusted rate of 5.3 million, according to the National Association of Realtors. But that's still nearly 11 percent above the pace for September 2012 -- the 27th month in a row that existing home sales were higher than what they...

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