Feeling secure in your retirement isn’t always easy. For a lot of people, saving money for retirement has been difficult and they have insufficient money. If you’ve had trouble saving or if you were hit with a financial downturn as you approached retirement age, there is a way to secure your retirement years using the equity in your home.
Cliffco Mortgage Bankers knows owning a home isn’t easy. Most mortgages run for a 30-year term and, let’s face it, nobody knows what their circumstances will be that far down the road. There are a number of reasons why you might be falling behind on your loan. You might have a home that’s underwater or close to being underwater, which means the balance on your mortgage is below or almost below the value of your property. This may be because of circumstances beyond your control.
If you’re looking to buy a home, it can be a long difficult process. You need to find the right size, the right neighborhood and the right price. That can take time and if you’re buying in a hot housing market, there might be stiff competition for the property you want.
Home ownership is a dream for so many people and at Cliffco Mortgage Bankers, it’s our business to help our customers achieve that dream, but we want to make certain that you understand what you’re getting into. If you’re looking for a loan to purchase a home, you need to be able to afford the home and be able to afford your mortgage payments. For first time home buyers and even those who’ve bought property before, finding the right loan may feel like a daunting task. Cliffco is here to help. We want to give you some advice on determining whether you can afford the home you’re hoping to buy or if you’ve just begun your search, we want to help you determine how much home you can afford.
If you’re looking to buy a home, your mortgage is usually the most important factor that goes into achieving financing. But there are many things that go into obtaining a mortgage. You have to lock in your interest rate at the time of your property purchase and you have to agree to the terms of the loan which involves its length of term. As your circumstances change, you might also want your mortgage to change with it. That’s the idea behind refinancing your mortgage. At Cliffco Mortgage Bankers, home loans are our business. We understand that refinancing is often an option for our customers which is why we want to let you know some tips about refinancing, so you’ll know when it’s a good idea to refinance and when not to do it.
It’s New York City’s most diverse borough and it’s an area where you can find just about every type of property imaginable. From Flushing to Far Rockaway, there are plenty of opportunities to find your dream home or investment property in Queens. And there are indications that the hot real estate market in neighboring Brooklyn is impacting Queens. [Read more…]
How You Can Get a Home Loan with a Low Credit Score
If you’re looking for a loan to buy a home, you know that a major hurdle to clear involves your credit score. Having good credit can open up opportunities for desirable property and help you find the home you’re looking for. But a bad credit score can make it difficult to buy a home. Sometimes extremely difficult.
Have a Better Understanding About Jumbo Loans
Sometimes your dream home comes with a hefty price tag. That’s OK if you have the money to secure a mortgage, but you should know that if you’re planning to purchase a home at a certain price level, obtaining financing for it can be more complicated.
Loan to Enhance Your Home on Long Island
If you’re a home owner, you’ve probably heard people tell you that your home is your most important investment. But in order to get a return on this investment, you need to make sure your home is well maintained. Home improvement projects when done right can boost the value of your property.
Cliffco Mortgage Bankers Real Estate Outlook for Brooklyn, NY
It’s as red hot as a Coney Island hot dog. The Brooklyn real estate market is one of the most active in the country and home prices have been rising for nearly a decade since the 2008 financial crisis. The borough of churches has a bit of everything. Homes, apartment buildings, and brownstones are all available and prices are skyrocketing.