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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 Loans...

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...

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...

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...

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 need a Real Estate A...

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 improve it for the future!...

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 until it’s too late. That’s why...

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 in or...

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 they are se...

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...