3 Proactive Steps First-Time Homebuyers Should Consider There are specific steps a first-time homebuyer can take before entering the real estate market that will greatly improve his or her chances of getting financing and being able to purchase a starter home. Here are three proactive steps you should consider taking before you contact a real estate agent or mortgage broker: 1. Check your credit score If there is a single factor that can help or hurt your foray into the world of financing a new home it is your credit score, according to mortgage-finance experts. So, if you want a good idea of what your chances are of obtaining such financing, you should first order a credit report from each of the three credit bureaus, Equifax, Experian and Transunion. Just use one of the many online cr... 05/31/2014

Staying Motivated Even if you are a brand new real estate agent, you’ve already heard the word motivated in many different contexts. What is being motivated? How can I get motivated? How can I stay motivated? These are just some of the questions that might taunt you when you are getting ready to pick up the phone and make a cold call or meet with new home-buying prospects who say they need a “motivated agent” that will work for them. Most people say they are motivated by money. While that’s probably true, some people are motivated by the fear of not having money and yet others are motivated by awards and accolades from their peers or managers. However, even these are based on the sales the agent makes. Specific Goals Motivate But my experience has been that those who really become succe... 05/20/2014

VA HOME PURCHASE LOANS SAYVILLE, NEW YORK 11782 Option for NO DOWN PAYMENT! Low to No Reserve Requirements! No Monthly Mortgage Insurance Premium! Seller or Lender may contribute to Veteran's Closing Costs! Variety of Fixed and Adjustable Rate Loan Programs Available! VA Jumbo with Loan Amounts as high as $ 1.5 Million are Available   Call us Today to get Started!   Current low interest Rates and VA purchase loans are a winning combination to help you buy a home. VA loans offer great features and credit scores as low as 620. Competitive rates and no mortgage insurance premiums may mean lower mortgage payments then Conventional or FHA insured Loans.    Call Today to see how a VA Home Purchase Loan in Sayville, New York might help you buy your next HOME! Visit our web at vamortgagesfornew... 05/05/2014

Purchase Renovation Mortgage in Sayville NY 11782   Not your dream home, make it into your dream home with a Homestlye Renovation Mortgage which enables the borrower to obtain a purchase transaction mortgage and receive funds to cover the costs of repairs, remodeling, renovations, or energy improvements.   Receive 50% of the completed home value for renovations.  There are no required improvements or restrictions on repairs/ renovation and no minimum dollar amount.  You can even get that pool you always wanted. This renovation Mortgage provided by The Mortgage Outlet and is available for 1-4 Unit Primary Residences 5% Down Payment 1 Unit Second Home 10% Down Payment 1 Unit Investment Property 20% Down Payment Find a house in the perfection location but needs improvements, let me help yo... 04/29/2014

Making an offer in a Seller's Market  In a seller’s market, you will have to play the game slightly different than you would in a buyer’s market. In this type of market, there are many buyers who will want to buy homes that are attractive and priced within their budget. Homeowners will have their pick of offers to choose from so your offer will have to stand out in more than just price.   When looking for a home in a seller’s market, you should:  Make an offer that is close to the asking price or slightly over Send a pre-qualification letter from your lender with the offer Choose a closing date that is sooner rather than later Do not ask for too many contingencies Send a personal letter Promise more of a down payment, and Use a real estate agent that gets things done quickly   In a sell... 02/05/2014

How long does it take to close a mortgage in Sayville New York ? 30 day closings happen all the time with lenders who utilize modern technology to help expedite the mortgage process.  The Mortgage Outlet is excited to use these lenders who have reduced the time to close a mortgage from 90 days to 30 days or less.  One of the key elements to a 30 day closing is the ability to upload the loan application immediately to the lender to be underwritten; allowing an approval to be given within 48 hours!  This technology also allows us to disclose the TIL, (Truth in Lending Disclosure) the same day the mortgage application is approved and an appraisal can then be ordered immediately.  Your first step to start the process is to click here and complete our SECURED ONLINE PRE-APPLICATION.  Complet... 11/01/2013

Sayville Open House for Sale Sayville Real Estate Sayville, New York Open House South Sayville Sunday 1 to 3 pm Location! Location! Location! what else can be said This Grand Tudor Boasts Meticulous Care and Style of years gone by Contact Andrea Casey at 516-9771-9069 for a private showing if you can not make the open house To get a list of other homes for sale in Sayville Here   253 Handsome Avenue Sayville, NY 11782 This Grand Tudor Boasts Meticulous Care and Style Price : $715,000.00 Bedrooms : 4 Bathrooms : 3.00 Square Foot : 3,400 Lot Size : 14,810 sq.ft. County : Suffolk Property Type : Single Family Year Built : 1927 MLS Number : 2625478 click for more information and pictures Property Description Step Back In Time To 1927 And See For Yourself. This Grand Tudor Home Boasts Meticu... 10/31/2013

South Sayville Home for Sale 253 Handsome Avenue Sayville NY 11782 Contact  Andrea Casey a valued agent at 516-971-9069 who is the lsiting agent.  To prequalify for this 4 bedroom tudor in Sayville with David Bailey, Owner of The Mortgage Outlet.  253 Handsome Avenue can be yours in South Sayville.  This grand tudor for sale in Sayville features 4 bedrooms and 3 bathrooms.  Your children with be attending the Sayville School District.  To view this 4 bedroom tudor in Sayville NY please text or call Andrea Casey at 516-971-9069.   This 4 bedroom tudor in Sayville is listed by Andrea Casey of Century 21 Bays Edge Realty.       253 Handsome Avenue Sayville, NY 11782 This Grand Tudor Boasts Meticulous Care and Style Home   Virtual Tour   Photo Gallery   Property Map   Financing   Request Sh... 10/31/2013

Sayville, NY low mortgage rates.  30 Day closings happen all the time with lenders who utilize modern technology to help expidite the mortgage process. The Mortgage Outlet is excited to use lenders who have reduced the time to close a loan from 90 days to 30 days or less.  Your first step to start the process is to click here and complete our SECURED ONLINE PRE-APPLICATION.  Completing this will help you get a jump on your pending purchase or refinance. Should you have any questions please use this link. With today's increasing mortgage rates, a 30 day closing can save you thousands of DOLLARS.       Sayville, NY low mortgage rates. 30 day closings happen all the time with lenders who utilize modern technology to help expedite the mortgage process. The Mortgage Outlet is proud to use le... 08/08/2013

As of April 1, 2013 there are new reverse mortgage programs in Sayville New York avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs in Sayville New York available to those 62 years and older.     06/10/2013

Is a HECM Mortgage Right for you in Sayville New York watch our short video below. As of April 1, 2013 there are new reverse mortgage programs avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs and help you decide is a HECM Mortgage Right for you in  Sayville New York available to those 62 years and older.     06/10/2013

Is a Reverse Mortgage Right for you in Sayville New York watch our short video below. As of April 1, 2013 there are new reverse mortgage programs avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs and help you decide is a Reverse Mortgage Right for you in  Sayville New York available to those 62 years and older.     06/10/2013

Current Low mortgage rates in Sayville, New York.  Low rates combined with an FHA insured loan are giving qualified home buyers in Sayville, NY an opportunity to take advantage of the current real estate market.  The Mortgage Outlet has some of the best FHA mortgage Rates in New York State. Call us today to see what you quailfy for 631-767-8948   What is FHA?  The Federal Housing Administration, generally known as FHA, was created in 1934 and is the largest government insurer of mortgages in the world. The FHA insures that loans made by mortgage brokers such as The Mortgage Outlet, would allow greater flexibility for a home buyer to qualify for a loan.  Higher qualifying ratios, less than perfect credit scores and low rates help first-time home buyers and other buyers purchase homes tha... 05/25/2013

The first step to home ownership in Sayville, NY is getting a pre-approval before you begin shopping for your new home.  Getting a pre-approval (as opposed to a pre-qualification, for which your information is not verified) not only takes the guesswork out of whether you qualify for a mortgage, it can mean the difference between a smooth purchase process and a very stressful one. The following items must be reviewed before you can be given a pre-approval: 1.      Credit Report  2.      Previous 2 years Tax Returns 3.      Previous 30 days Pay Stubs 4.      Previous 3 months Bank Account and Asset Account Statements  Credit Report:  Make sure you know where you stand with your Credit and FICO scores.  Credit must be run from 3 bureaus, Experian, Equifax and TransUnion in order to determi... 05/25/2013

Over the years I think I’ve pretty much heard it all regarding the pros and cons of reverse mortgages in Sayville NY.  I’m continually dumbfounded by the negative perceptions surrounding this type of government insured loan designed for adults 62 or over.  Having over 25 years experience originating mortgage loans, I can confidently say these perceptions are very often misguided and wrong. The unfortunate outcome for  many senior homeowners is that they are misinformed from listening to pieces of information from people who do not understand how a reverse mortgage really works.  After hearing a bunch of incorrect information, many seniors form a negative opinion and become skeptical to take the time to understand the real benefits a HUD/FHA reverse mortgage can offer them.  In the end t... 05/25/2013

Some of us in Sayville NY reach retirement and discover that, for whatever reason, they just don’t have enough money put away for their retirement.  If you find yourself in a similar situation – and you’re a homeowner age 62 or older – a reverse mortgage may help you take advantage of the resources you already have in place.   1. Reverse mortgages are approved by the FHA They are also known as HECM (Home Equity Conversion Mortgages) and they are insured by the Federal Housing Administration (FHA).  They are a loan product designed specifically for older adults.  Reverse mortgages are a federally-approved mortgage product and as such have regulatory requirements and oversight to insure borrower safety and protection. Learn more here. 2. A reverse mortgage eliminates your current mortgage... 05/22/2013

HARP Loans Extended in Sayville New York      If you are a Sayville home owner that is underwater on your existing conforming or conventional mortgage, you may be eligible for a refinance without paying down ANY principle, without paying mortgage insurance, and in many cases, without spending any money out-of-pocket.     HARP, the acronym for Home Affordable Refinance Program, is a financial aid program announced by the US federal government in 2009 to help millions of homeowners who are either near-underwater or underwater (means you have zero - or even negative - equity in your home) to refinance into a fixed loan with lower monthly payments. HARP 2.0 - Help For New York Home Owners The modified HARP program - HARP 2.0, also referred to as The Making Home Affordable Program, the DU Re... 05/07/2013

The Mortgage Outlet hopes a two-year extension of a government-sponsored refinancing program will encourage more participation from Underwater Homeowners in Sayville New York can a Harp Refinace Help? The program, created in 2009, is designed for homeowners who may not otherwise qualify for refinancing because they owe more on their mortgages than their homes are worth. For those who haven't heard about it yet or think it's too expensive, it's an ideal time to reach out and try to refinance as some program allow you to go as high as 150% of your present mortgage balance.   These undwerwater borrowers can expect much lower payments by getting mortgage rates below 4 percent. Some homeowners can reduce their mortgages to 15 years from 30 with only slightly higher payments than they have no... 04/29/2013

The Mortgage Outlet has noticed that many first time home buyers come to us confused by the various First Time Home Buyers loans in Sayville New York, that are available to them for financing their first home.  This is just the tip of the ice berg as there is so much industry-specific terminology to learn and understand that the home buying process can be very intimidating to most new comers. I will try to explain in this article the most common First Time Home Buyers  in Sayville New York so that you might better understand the options and requirements more clearly.  As always I am available as a reference if you have more specific questions about how these specific programs might get you your new home. Conventional Loans are typically processed through Fannie Mae and Freddie Mac. Typi... 04/25/2013

Current mortgage lending rates are at record lows in Sayville, New York.  Low rates combined with an FHA insured loan are giving qualified home buyers in Sayville, NY an opportunity to take advantage of the current real estate market.  The Mortgage Outlet has some of the best FHA mortgage Rates in New York State. Call us today to see what you quailfy for 631-767-8948   What is FHA?  The Federal Housing Administration, generally known as FHA, was created in 1934 and is the largest government insurer of mortgages in the world. The FHA insures that loans made by mortgage brokers such as The Mortgage Outlet, would allow greater flexibility for a home buyer to qualify for a loan.  Higher qualifying ratios, less than perfect credit scores and low rates help first-time home buyers and other bu... 04/21/2013