Blog

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...

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...

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...

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...

From the Desk of Mike Donoghue Coronavirus Q and A March 17th, 2020 In response to the unprecedented reaction to Coronavirus and the associated impacts on employers, schools and government facilities we want to provide guidance to our real estate professional partners. I will forgo the boil...

What do you call a snowman party? A Snowball! Each month, Premium Mortgage Corp. releases a newsletter to real estate agents, with helpful tips and industry trends! Highlights from this month’s edition include: Mortgage 101: Investor Loan Winter Selling Tips! Premium Mortgage Corp. name...

Buffalo Business First released its Top Mortgage Bankers and Brokers List this month and Premium Mortgage Corporation has been ranked #2. This list is ranked by number of retail loans in 2018 and features 25 companies located in the Buffalo area. Here are Premium’s stats: Local Loan Vol...

Premium Mortgage has been awarded a “Brick by Brick” award in the New Office category for their new Buffalo office located at 4421 Transit Road. The 2019 Brick by Brick finalists were announced June 7. The winners were announced June 11 at an awards ceremony at 500 Pearl. The Buffalo Brick by...

A credit check is a crucial step of the loan pre-approval process. Unfortunately, this step could open the door to unwanted attention from solicitors. When your credit information is requested by your lender, a copy is automatically added to a massive database through which competing lend...

For many homeowners, spring is a popular time to sell their houses. If you’re gearing up to sell your home this spring, here are five pointers to help increase curb appeal and overall value: Enhance the Landscaping: A neat yard is an instant eye-catcher. Keep the landscaping looking sharp with...