Archive for August 2019
NEWS: Millennials drive mortgage refinance boom, and lenders are scrambling
August 9, 2019 Diana Olick Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Applications to refinance were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has lenders scrambling to keep up. Quicken Loans,…
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: The Diakanwa family are first-time homeowners in Valley Stream, NY, thanks to the mortgage expertise of Senior Loan Officer Joe Robles (right).
Read MoreNEWS: Appraisals may soon not be required on certain home sales of $400,000 and under
August 23, 2019 Ben Lane Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase the threshold at which residential home sales require an appraisal for the first time since 1994. In November, the Federal Deposit Insurance Corp., the Office of the Comptroller…
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: Senior mortgage banker Vick Ramdeen (right) customized the perfect mortgage for the Taylors (center) in their recent home purchase. Also playing a pivotal role in the transaction was the buyers’ attorney, Ehsanul Habib (left).
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: Senior mortgage banker Vick Ramdeen (right) was able to lower Sharaz Basdeo and Felicia Seenauth’s mortgage interest rate and provide cash out with the perfect refinancing of their Rockville Centre, NY, home.
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: The Udedibia family are now first-time homeowners thanks to the work of Stephanie Santoro (center, left), VP, Sales, for Mid-Island Mortgage. Stephanie provided the perfect mortgage for their purchase in Uniondale, NY. Also playing key roles were the Udedibias’ realtors, Lisa O’Donnell (left of Stephanie) and Anita Watterson (back).
Read MoreNEWS: Half of homebuyers with kids base purchase on school district
August 12, 2019 By Alcynna Lloyd Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including where you work, worship or even send your children to school. As back to school season approaches, a recent report from the…
Read MoreNEWS: As Mortgage-Interest Deduction Vanishes, Housing Market Offers a Shrug
August 4, 2019 By Jim Tankersley and Ben Casselman PLAINFIELD, Ill. — The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in middle-class neighborhoods across the country, and it appears that hardly anyone noticed. In places like Plainfield, a southwestern outpost in the area…
Read MoreNEWS: Housing Market Shift May Mean Price Cuts
August 2, 2019 by Lew Sichelman The housing market is definitely changing. Maybe not everywhere, at least not yet. But in most places, sellers are slowly losing their dominance and buyers are taking control. The evidence is strong: Instances of multiple offers on the same property have fallen drastically, more buyers are holding out for…
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