Sometimes the most important job I have is to talk someone out of buying a home. It sounds counterintuitive, but I can tell you after many years of working in this profession that some of the best mortgage advice I could ever give is to hold off on it. Buying a home is a deeply.. read more →

There’s some good news for those homebuyers looking for a larger loan amount in 2017. The Federal Housing Finance Agency recently announced that loan limits for are rising. The limit on conforming loans moves up from $417,000 to $424,100. This is the first increase in the baseline loan limit since 2006. That’s good news for.. read more →

You may have noticed that once you apply for a mortgage, you are almost instantly flooded with emails, calls and letters of pre-approval from competing mortgage companies, even though you’ve never contacted them. Don’t be fooled into thinking your mortgage company is selling or sharing your information. What’s happening is a function of the Fair.. read more →

Divorce is rarely a sudden action. Removing oneself from what was once a life-long commitment often takes time and consideration. It also requires planning and strategy which generally takes place with an attorney who specializes in divorce and family law. Next, it’s important to contact a mortgage professional. There are many questions to ask along.. read more →

A solid income stream, manageable debt and good credit are some of the factors you need to consider when applying for a mortgage. But just when you think you’ve done all the work involved in shaping up your financials and getting your mortgage approval, the whole deal could blow up on you. If you make.. read more →

People sometimes ask me why they should use Westchester Morgtage instead of one of the big banks. It’s a fair question, with an answer that goes beyond great service. The lending industry bases their approval decisions on the following three criteria. Banks tend to take a conservative approach but mortgage brokers have more flexibility to.. read more →

It’s tax time already. Although we get a few extra days with this year’s tax deadline falling on April 18th, we’re only a month away. Today we’re discussing the tax advantages and incentives that come with owning a mortgaged home. If you have recently purchased or are planing to buy a new home, you may.. read more →

Just because you’ve found the home of your dreams doesn’t mean you’re going to move into it. Many factors including price, location, inventory and time of year may bring in multiple offers from eager buyers. So how can you gain an advantage over the competition? Here are three helpful tips: 1. Pre-approval. Before you even.. read more →

With the Powerball jackpot now over a billion dollars, many people purchasing tickets have fantasized about how incredible life would be if they somehow managed to beat the 292-million-to-1 odds and won the biggest lottery payout ever. It would truly be amazing and it would certainly present opportunities that the average person could never imagine… read more →

On October 1, 2015, the Consumer Financial Protection Bureau created two new forms designed to protect the home buyer by streamlining two federal acts regulating the mortgage process. The TILA RESPA Integrated Disclosure (TRID, for short) is now required as part of the closing process to: simplify mortgage documentation use language that is easy to.. read more →