Posts by Mid-Island Mortgage Corp.
Another Great Closing at Mid-Island Mortgage
Mortgage loan originator Kevin Blas (back, center) recently helped several afford their first home (left to right: Yosselyn Membreno, Exit Realty Achieve realtor; John Testauiti, attorney; Jesus Villacorto, buyer’s dad; Edgar Valle Villacorta, buyer; Jacqueline Escobar, buyer; Florinda Villacorta, buyer; and Luis (Yosselyn’s assistant).
Read MoreAnother Great Closing at Mid-Island Mortgage
Senior Mortgage Banker Vick Ramdeen (fourth from left) made home buying easy for the Mahadeos (center with sign) with an affordable mortgage, as did a whole team of trusted professionals.
Read MoreNEWS: Housing growth expected to continue despite COVID-19 fears
Duffie Osental March 12, 2020 Despite concerns of an economic slowdown from the global outbreak of COVID-19, the US housing sector is expected to continue its growth trajectory in 2020. A study from financial services firm Nationwide revealed that most housing markets in the US showed a positive reading with limited pockets of negative performance.…
Read MoreNEWS: Mortgage applications skyrocket to highest level since 2009 as rates tumble
Julia Falcon March 11, 2020 Mortgage applications soared 55% this week from one week prior, and demand for refinances rose to an almost 11-year high, according to the Mortgage Bankers Association. The deluge came after rates fell to record lows because of uncertainty in the markets sparked by a spread of the coronavirus that causes COVID-19, said Joel Kan,…
Read MoreNEWS: Record Low Mortgage Rates Give Millennial Homeowners Much-Needed Breathing Room
Daniel Bortz March 9, 2020 When Chris and Danielle Betz bought their three-bedroom rowhouse in Washington, D.C, last year, they had to stretch to afford the $740,000 purchase price. Since then mortgage rates have tumbled to record lows. For the Betzes — along with thousands of other millennial homeowners — that’s meant a much-needed windfall…
Read MoreNEWS: Homeowners Are in a Frenzy to Refinance as Mortgage Rates Nose-Dive
Doug Whiteman March 5, 2020 Mortgage refinancing has taken off as coronavirus fears keep mortgage rates tumbling across the U.S. A lenders trade group reports that demand for refinance loans has shot up by more than 15% as increasing numbers of homeowners wake up to the fact that the lowest mortgage rates in years can shrink their…
Read MoreGlen Doherty Memorial Foundation
Mid-Island Mortgage is a proud sponsor of the Glen Doherty Memorial Foundation for 5 years running. Glen Doherty was one of the four Americans killed in a terror attack in Benghazi, Libya on September 12, 2012. The foundation is a way to honor Glen’s life and his beliefs. For more information or to donate visit…
Read MoreNEWS: Average FICO score reaches record high, Experian says
Millennials show the biggest improvement in a strong labor market Kathleen Howley February 28, 2020 The average U.S. FICO score hit a record high of 703 in 2019, driven by Americans in their 30s, as a strong labor market helped people to pay their bills on time. The share of Americans with FICO scores above…
Read MoreNEWS: Mortgage rates just hit an 8-year low. Here’s why they’re not even lower
Diana Olick February 28, 2020 As coronavirus fears send bond yields tumbling, the average rate on the popular 30-year fixed mortgage fell Friday morning to 3.23%, an 8-year low, according to Mortgage News Daily. The 30-year fixed loosely follows the yield on the 10-year Treasury, which is now at a record low. The bottom on…
Read MoreAnother Great Closing at Mid-Island Mortgage
Another Great Closing at Mid-Island Mortgage: The Facendolas (left) were able to easily afford their new home in East Meadow, NY, thanks to the mortgage expertise of VP, Sales Stephanie Santoro (second from right). Also playing key roles were realtor Anita Watterson of Exit Realty Dreams and attorney Vincent Cella.
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