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  • Home Loan Programs
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    • Conventional Loans
    • Fixed Rate & Adjustable Rate
    • Home Renovation Financing
    • Refinancing
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    • Generation M Careers
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Archive for December 2021

By Mid-Island Mortgage Corp. | December 16, 2021 | 0
Take advantage of equity poster

American homeowners are sitting on a record amount of home equity, but taking advantage of the extra cash becomes more difficult as interest rates rise. By the end of the third quarter of this year, borrowers had a record $9.4 trillion in tappable home equity collectively, or an average of $178,000 per borrower, according to…

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    Legal ©2000-2022 Mid-Island Mortgage Corp.® 900 Merchants Concourse, Suite #112, Westbury, NY 11590. All Rights Reserved. This is not a commitment to lend. Loans to borrowers with poorer credit scores are priced higher and are differentiated due to the high level of credit qualifying overlays. Restrictions apply. Licensed Mortgage Banker-NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker # MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; Licensed by the Delaware State Bank Commissioner to engage in business in this State, License # 9680; CT, MD & MN Licensed Mortgage Lender; SC BOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; DC Mortgage Dual Authority Licensee; Georgia Residential Mortgage Licensee, # 57717; Virginia State Corporation Commission # MC-4685.  By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
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