Posts by Mid-Island Mortgage Corp.
Another 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…
Read MoreNEWS: Homeowners refuse to tap into massive equity. Is that a mistake?
Erik J. Martin July 19, 2019 Report: Home equity increases, but borrowing doesn’t Homeowners have built up a lot of home equity in recent years. That’s the difference between what you owe on your property and the home’s fair market value. A strong housing market and rising home prices have contributed to higher rates of home equity. And…
Read MoreNEWS: Mid-year review: What’s happening in housing, and more important, what’s not
Natalie Campisi July 12, 2019 The first half of 2019 bore promising gifts to eager homebuyers, namely low mortgage rates and slowing home price growth. This comes, however, amid a deepening shortage of affordable housing throughout the country. Mortgage rates fell below 4 percent, applications zoomed Let’s start with the good news. Since January, mortgage rates have…
Read MoreNEWS: Fed interest rate cuts to usher in new era for home buyers
Erik J. Martin July 16, 2019 Good news for home buyers: falling rates Home prices remain high and inventory low, but there’s hope for home buyers. A Fed rate cut is expected this year, even as early as July 31. That means mortgage interest rates should drop, making it more affordable to buy a home.…
Read MoreNEWS: Redfin: Bidding Wars Continue to Ease
MBA NewsLink Staff July 12, 2019 Redfin, Seattle, said just 12 percent of Redfin offers faced a bidding war in June, down from 52 percent a year earlier. The report (https://www.redfin.com/blog/june-2019-bidding-wars) said the least competitive market in June was Miami, where none of the offers submitted by Redfin agents faced competition. Dallas (5.3%) and San Jose…
Read MoreNEWS: New bill slashes FHA mortgage insurance for first-time homebuyers
Jessica Guerin July 10, 2019 Borrowers who undergo counseling can get a discount on their upfront mortgage insurance The House of Representatives passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the Federal Housing Administration. The Housing Financial Literacy Act of 2019, or H.R. 2162, stipulates that…
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