Posts by Mid-Island Mortgage Corp.
NEWS: 2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More
By Aly J. Yale November 15, 2019 The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to six mortgage, real estate, and housing professionals. Here’s what they…
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: Senior Mortgage Banker Vick Ramdeen (left) arranged an affordable cash-out refinance for the Sampats in Queens, NY.
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: Senior Loan Officer Maria Estrada (left) provided the mortgage expertise necessary for Michelle and Beatriz Pajevic (center left and right) to purchase their first home. Also playing a key role was the buyers’ realtor Marco Suarez of Suarez Realty.
Read MoreNEWS: Today’s Renters Face Sacrifice and Angst
By Phil Hall November 14, 2019 An increase in rents across the country has create a new level of anxiety and challenge for households that do not own their residence, according to new data report from Zillow. The new report, which was based on a survey of 13,000 households, noted that renters typically spend a larger…
Read MoreNEWS: Climate change could end mortgages as we know them
By Irina Ivanova November 8, 2019 Climate change could punch a hole through the financial system by making 30-year home mortgages — the lifeblood of the American housing market — effectively unobtainable in entire regions across parts of the U.S. That’s what the future could look like without policy to address climate change, according to…
Read MoreNEWS:Congress considers fix to QM Patch
By Kathleen Howley November 11, 2019 Congress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified Mortgages. The House Financial Services Committee is debating H.R. 2445 that gives originators the option of either relying on Appendix Q in the Qualified Mortgage…
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: VP, Sales Stephanie Santoro (center) was able to provide a better mortgage option and quicker process for Irene and Gustav Messenlehner in their purchase of their new Smithtown, NY, home.
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: The Feericks were able to purchase their first home in Lindenhurst, NY, thanks to the care and expertise of their Mid-Island loan officer Walter Villalta, VP, Sales (right)
Read MoreNEWS: Black Knight: Lower Interest Rates Boost Home Affordability to Three-Year High
October 08, 2019 MBA NewsLink Staff Black Knight, Jacksonville, Fla., said low interest rates reduced the national median income to make monthly principal and interest payments on the average-priced home in September to the most affordable level in three years. The company’s monthly Mortgage Monitor said as of the end of September, it now requires just…
Read MoreNEWS: FEMA may have to buy millions of homes due to climate crisis
October 9, 2019 National Mortgage News As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis of Federal Emergency Management Agency data. In the end,…
Read More