An Overview of Different Loan Types and New 2021 Loan Limits

Published December 4, 2020 3502 Views

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?

Do You Really Need an Agent?

Published November 19, 2020 4921 Views

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...

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Credit Score Factors

Published October 6, 2020 4514 Views

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!...

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What Not to Do When Buying a Home

Published September 8, 2020 3093 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 until it’s too late. That’s why...

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

Published July 7, 2020 3848 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 in or...

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How to Stop Telemarketers

Published June 22, 2020 5904 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 they are se...

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Forbearance update (FNMA/FHLMC):

Published May 22, 2020 5165 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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Forbearance & Mortgage Payment Advice

Published April 17, 2020 3823 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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Mortgage Payments Q&A with Mike Donoghue

Published April 1, 2020 4704 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 5853 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 bucke...

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