What Does This Inflationary Period Mean for Homebuyers?

Published November 29, 2021 1605 Views

What Does This Inflationary Period Mean for Homebuyers?

In October, consumer prices increased by 6.2% compared with a year earlier, as rising costs for food, gas, housing, and vehicles are impacting households across the country. This 6.2% increase marks the highest inflation rate in more than three decades, and could make the Federal Reserve take action...

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Premium Mortgage Corporation Named the Fastest Growing Company in Rochester

Published November 18, 2021 1778 Views

Premium Mortgage Corporation Named the Fastest Growing Company in Rochester

We’ve been named the number one fastest growing company in Rochester for 2021 by the Greater Rochester Chamber of Commerce! Our President, Mike Donoghue, Executive Vice President, Alexia Barbarossa, and other management were on hand to receive the top distinction at the Greater Rochester Chamb...

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8 Home Energy-Saving Tips for Cold Weather

Published November 8, 2021 1627 Views

8 Home Energy-Saving Tips for Cold Weather

There’s much to enjoy about the fall: the changing leaves, football season, and pumpkin spiced…everything! This season also brings cooler temperatures, and if you’re a homeowner, now is a great time to consider how to winterize your home for the even chillier months ahead. Check o...

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Our Neighborhood Vitality Program Continues to Exceed Goals

Published November 1, 2021 1528 Views

Our Neighborhood Vitality Program Continues to Exceed Goals

In March of 2021, we launched the Neighborhood Vitality program to help cultivate homeownership in majority minority target areas across the state. If a borrower purchases a home in one of these targeted locations, we provide a $2,000 credit to be used towards closing costs and/or prepaids, subject...

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Can Foreign Nationals Obtain U.S. Mortgage Financing with No U.S. Credit History?

Published October 20, 2021 2051 Views

Can Foreign Nationals Obtain U.S. Mortgage Financing with No U.S. Credit History?

The short answer is yes! Foreign nationals can obtain mortgage financing in the United States with a thin or no U.S. credit history. If you are a non-U.S. citizen with no credit history in the United States, it may appear as though you will be unable to obtain financing for your property as a U.S...

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Can Foreign Nationals Buy Property in the United States?

Published October 20, 2021 2182 Views

Can Foreign Nationals Buy Property in the United States?

The question of if a non-citizen of the United States can purchase a property in the U.S. has become a more pressing one as of late. In reality, yes, foreign nationals can purchase a property in the United States. Non-U.S. citizens, both U.S. residents and non-resident, can buy and own real estate i...

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Fixed Rate vs. ARM: Which is Right for You?

Published September 28, 2021 2113 Views

Fixed Rate vs. ARM: Which is Right for You?

If you’re thinking about buying a home, it’s never too early to determine what mortgage option is right for your situation. At Premium Mortgage Corporation, we have several different loan options to choose from, but today we’re going to focus on two popular conventional loans: the...

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5 Things to Do When Putting an Offer on a House

Published September 13, 2021 2262 Views

5 Things to Do When Putting an Offer on a House

You’ve sifted through dozens (if not hundreds) of online “for sale” photos, toured multiple homes, and tried to envision yourself in each one. Finally, you’ve found the one you want to call home, and you’re ready to put an offer on it. This is a huge step! While you...

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6 Frequently Asked Questions About the Home Appraisal (And Their Answers)

Published August 23, 2021 2362 Views

6 Frequently Asked Questions About the Home Appraisal (And Their Answers)

If you’re a homebuyer, the appraisal is one of the most important milestones in the entire mortgage process. A home appraisal is defined as a fair and impartial estimate of how much a home is worth, and is generally required in order to close on your home. Needless to say, a lot hinges on...

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Neighborhood Vitality Program

Published August 18, 2021 4194 Views

Neighborhood Vitality Program

Our $2,000 Neighborhood Vitality Credit Aims to Help Grow Homeownership in Underserved Areas Achieving the dream of homeownership matters to our neighbors and neighborhoods. It helps create a foundation for families, unifies our communities, and empowers those looking to put down or keep root...

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