It’s the final step in your journey towards being a homeowner, and it can be the most stressful. When you go to a real estate closing you’re going to sign mountains of paperwork. You’re also going to need your checkbook. That’s because there are a number of fees that are going to be due on the day of the closing. If you’re not ready for what’s going to happen when you close, it’s going to be a more painful experience than if you know what to expect. At Cliffco Mortgage Bankers, we want our clients to have as much information as possible about the home buying process.
Purchasing property and applying for a home loan involves a lot of details and paperwork. There’s a lot to keep track of and for many people it’s difficult to understand. Let’s face it, most people don’t understand every aspect of the loan agreement they have to sign in order to receive financing for a property purchase. But lenders do have to disclose the approximate costs you’re going to have to pay when the loan closes.
Saving for retirement isn’t easy and a lot of us aren’t doing enough. Americans are getting better at it, as a recent survey shows that about half of Americans can now cover 80 percent of their essential expenses. That’s a major increase in preparedness from 2006, according to Fidelity.com. But that means that about 50 percent of the country still isn’t ready for their retirement years.
It’s known as the “Sunshine State” but does Florida have a sunny real estate outlook in 2018? A lot of people want to know the answer. That’s because Florida has long been considered a popular place to live and buy property. With warm weather nearly year round and miles of beaches that border nearly the entire peninsula state, as well as attractions and amenities that attract people from around the world, many people dream of owning Florida property.
We know it’s still pretty cold but spring is coming soon and there will be a lot going on. Flowers won’t be the only thing that will be coming out of a winter slumber. Home buyers will be out in full force too. That’s because spring home buying season is about to get underway. We’re about to hit the part of the year when the home market heats up and Cliffco Mortgage Bankers wants you to be ready.
Buying property can be a scary proposition if you’ve never done it before. You have to learn about the real estate market in the area where you’re looking to make your purchase. You have to know how much you can afford to buy a home. When you’re looking at property, there are many things you’re going to want to ask about. There are also the details like closing fees and home inspections that you have to keep track of. But one of the biggest milestones connected with your property purchase is going to be getting a first mortgage. At Cliffco Mortgage Bankers, we’re committed to helping our clients get that first mortgage.
If you’re getting ready to buy property, congratulations! Whether buying your first home or you’ve already purchased several pieces of property, Cliffco Mortgage Bankers knows that the mortgage process can feel daunting to everyone. There are numerous steps you have to take, there’s documentation you’re going to need and concepts related to home loans that you need to be familiar with.
You may be looking to find the perfect home in the perfect neighborhood at the perfect price, but fate may have a different plan for you. As much as we prepare for our future and try to maintain our safety and security, not everything is under our control and 2017 gave us several examples of what can go wrong. Last year could easily be dubbed, “The Year of the Natural Disaster,” particularly when we’re talking about hurricanes.
If you’re looking to buy real estate in Nassau County, or if you’re simply following the real estate market, we could be in for an interesting year. We enter 2018 following a period of growth in Nassau, but there’s also uncertainty as we see how the new tax law affects the market. At Cliffco Mortgage Bankers, we constantly have our eyes on what’s going on in the Nassau County real estate market and we want our customers to be understand the market too.
Welcome to 2018, which could be a pivotal year in Long Island real estate. There are a lot of things that can affect the area market from our nation’s new tax law to the housing crisis that happened almost a decade ago. Long Island is also a large and very diverse market. We’re going to take a look at real estate in Suffolk County heading into the new year and we’ll examine Nassau County in a later post. But even in just one county, there’s a big difference in the market from north shore to south shore and from western Suffolk County to the forks. Cliffco Mortgage Bankers wants our customers to understand what is happening in this popular market.