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The road to home ownership will be an enjoyable experience, especially once you know what to expect and when to expect it. Each step is color-coded showing involved parties. Click the image below to view the larger version.

Apartment getting smaller? Noisy neighbors cramping your style? Rising rent getting you down? Maybe it's time to get your own place! Let us help you wake up in your own home. It's the American dream, and one you can make reality! Our new First Time Buyer Program allows you to purc...

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...

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...

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...

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...

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...

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!...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...