The Mortgage Outlet wants you to have a better Understanding of FHA loans when Buying a home in Sayviile New York.  If you are currently thinking about purchasing a home, you may have already heard about FHA loans and how they can increase your ability in being approved for a loan.   The Scoop on governmnet insured FHA loans The FHA (Federal Housing Administration) was created during the the Great Depression after many borrower's defaulted on their loans.  Lenders became reluctant to approve mortgages for all, but the least risky of borrowers.  If this sounds familiar, today’s mortgage market has led to a resurgence in FHA loans.  The FHA does not lend money to borrowers.  Instead, it insures the loans, so that a lender is able make loans to those borrowers who have a greater risk getti... 04/19/2013

Do you know how to determine your debt-to-income ratio (DTI)? The Mortgage Outlet would like to show you just how simple it is.  The debt-to-income ratio (DTI) compares your monthly debt expenses to your monthly gross income.  The debt-to-income ratio is a basic calculation used to pre-approve you for a mortgage.  Lenders look at this number when they are trying to decide whether to lend you money or extend credit.  Your DTI also affects the amount of money you can borrow from a lender. It is important that you Know you Debt-to-Income ration before you buy in Sayville NY.  Make sure you are using the correct income to determine this ratio The income used should be taken from your yearly 1040 and 1120 (self employed) tax returns.  Here you will find the most accurate information to deter... 04/19/2013

FHA Loans in Sayville New York offer by The Mortgage Outlet. Compare our current rates against local banks in Sayville NY.     FHA loans can benefit those who would like to purchase a home in Sayville New York with as little as 3.5% down-payment. It allows borrowers whose credit has been hurt by bankruptcy or foreclosure to qualify for a home loan faster than a conventional loan.   FHA conforming loan are those that have limits determined by Fannie Mae and Freddie Mac presently at $417,000.  These loans are still insured by the FHA. Conforming FHA loans in Sayville NY are available in FHA fixed rate terms of 15, and 30 years.  We also have FHA adjustable rate mortgages in terms of 3 years, and 5 years.     Or call David Bailey, NMLS # 3458 at 631-767-8948 to get a personalize mortgage q... 04/12/2013

FHA Mortgage loan programs in Sayville New York   FHA Mortgage Loan Programs in Sayville New York are subsidized by the Federal Governments mortgage insurance program (MIP).These types of loans vary form one lender to another and The Mortgage Outlet can help you navigate these troubled lending times. It is important to that you understand the advantages and disadvantages of this great program and how important it is to be pre-approved prior to you starting your search for your new home.   There are many advantages of Loans offered by the FHA   3.5% down payment, which helps many of today's home buyers Gift funds can be used for down payment and all closings costs Sellers allowed to contribute up to 6 percent towards buyers closing costs Lending limits are higher then conventional loans ... 04/12/2013

The Mortgage Outlet Offers FHA High Balance Loans in Sayville NY.  Compare our current rates against localbanks in Sayville NY.     FHA loans can benefit those who would like to purchase a home in Sayville New York with as little as 3.5% down-payment. It allows borrowers whose credit has been hurt by bankruptcy or foreclosure to qualify for a home loanfaster then a conventional loan. The FHA High Balance Loans are those greater then conforming limits up to 729000. This loan is still insured by the FHA.   FHA High Balance loans in Sayville NY are available in FHA fixed rates terms of 15, and 30 years.  We also have FHA adjustable rates mortgages in terms of 3 years, and 5 years.    Call David Bailey, NMLS # 3458 at 631-767-8948 to get a personalize mortgage quote for a FHA High Balance l... 03/24/2013

The Mortgage Outlet offers FHA Loans in Sayville New York. Compare our current rates against local banks in Sayville NY. FHA loans can benefit those who would like to purchase a home in Sayville New York with as little as 3.5% down-payment. It allows borrowers whose credit has been hurt by bankruptcy or foreclosure to qualify for a home loan faster than a conventional loan.   FHA conforming loan are those that have limits determined by Fannie Mae and Freddie Mac presently at $417,000.  These loans are still insured by the FHA. Conforming FHA loans in Sayville NY are available in FHA fixed rate terms of 15, and 30 years.  We also have FHA adjustable rate mortgages in terms of 3 years, and 5 years.    Call David Bailey, NMLS # 3458 at 631-767-8948 to get a personalize mortgage quote for F... 03/24/2013

The Mortgage Outlet has discovered that there a lot of misinformation and mortgage myths about Reverse Mortgages in Sayville New York.  A reverse mortgage is a home equity loan which allows homeowners 62 years or older to convert some of their home-equity into tax-free income without having to make any repayments on any part of the loan as long as they will continue to live in the home.  The tax-free proceeds from a reverse mortgage can be used for any purposes.  Reverse Mortgages were created to enhance the lifestyle of the borrower for the rest of their life.    Myth # 1:  The Bank will own my home.Fact:  Your title will not change until you sell your home and you will maintain ownership of your property. The lender will place a lien against your property just like a regular mortgage.... 03/20/2013

     The Mortgage Outlet would like you to know that a Reverse Mortgage can be used to purchase a home in Sayville, New York.  Reverse Mortgages work similarly to a conventional or “forward” mortgage.   They can, however, provide those individuals 62 years and older with a better option to buy a home as income verification is not required and a very limited credit review is needed for a mortgage approval.  Just like a regular mortgage, you will make a down payment on a home and then borrow the remaining money from a lender.  Unlike a conventional mortgage, with a reverse mortgage, you are not required to make any monthly mortgage payments.  Once you permanently leave the home, your loan balance will be paid off in full, no matter what the balance is.  You, of course, at any time may cho... 03/12/2013

THE MORTGAGE OUTLET would like you to Compare mortgage rates in SAYVILLE, NEW YORK.  For over 25 years we have been providing mortgage rates equal to most banks with superior customer service.  We charge No Points or Origination Fees.  You are important to us, unlike many lenders, you are assigned one person to work with throughout your entire mortgage process.  Contact DAVID BAILEY at 631-767-8948 to see how much The Mortgage Outlet can save you.   The first step to home ownership in SAYVILLE, NY is to arrange for financing by 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 dif... 03/01/2013

HARP Refinance Mortgage Program in Sayville New York - HARP Loan   If you are a home owner in Sayville 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 Sayville Home Owners The modified HARP program - HARP 2.0, also referred to as The Making Home Afforda... 02/14/2013

Underwater On Your Mortgage Loan in Sayville New York?   If you are a home owner in Sayville 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 Sayville Home Owners The modified HARP program - HARP 2.0, also referred to as The Making Home Affordable Progra... 02/14/2013

Reverse Mortgages vs. Traditional Mortgages in Sayvile NY There is much talk these days about reverse mortgages. They can be a great way for senior citizens to take control of their finances or get items they need without taking on another monthly payment. But how do they differ from traditional mortgages?   First, let’s take a look at a traditional mortgage.   Regular mortgages are obtained to buy a home. First the home must be inspected for certain problems and appraised to ensure that it is worth the amount of money the lender will be loaning you. You must also provide proof of income and go through a credit check so the lender knows that you have the means to pay it back and a reasonably good track record of paying your debts in a timely manner.   You must also decide whether you wa... 02/13/2013

  Who Should Consider a Reverse Mortgage in Suffolk New York? Reverse mortgages in Suffolk New York are a convenient way for senior citizens to get the money they need. They allow seniors to use the equity they have in their homes to borrow money. But unlike a traditional mortgage or home equity loan, they are not required to make monthly payments until the loan is paid in full. The loan is not due until the homeowner moves, sells the house, or dies.   A reverse mortgage usually leaves the recipient’s estate owing money when he passes away. In most cases, the house must be sold to repay the loan. The remainder of the money goes to the deceased’s estate. Because of this, a reverse mortgage may not be a good idea if you are intent on leaving your home to your children or other heirs.   So... 02/13/2013

THE MORTGAGE OUTLET has noticed that many first time home buyers come to me confused by the various First Time Home Buyers 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. Typically th... 02/11/2013

Exploring Long Island Sayville NY with Laura Cerrano of Feng Shui LI Welcome to Sayviille New York! Sayville is located towards the eastern area of Long Island along the South Shore. Sayville was first inhabited by the  Secatogue tribe, of the Algonquian peoples. It was founded by John Edwards and was formally named in 1838.  Sayville became important mainly for its timber and oysters during those years and today is a tredy location to shop and eat. At every turn you see a piece of history whether it being preserved with the architecture or signs along the street to indicated an important point in history for Sayville. Sayville Modern Diner Even driving around the neighborhood (not to far from the shore line) you will be pleasantly pleased with the views. If you are looking for a local ... 10/18/2012

Thinking of Sayville?   Thinking of buying your next home in Sayville??? Here are Ten Great Reasons to buy here! 1.    Wide variety of home styles and prices to meet your needs. 2.    Great access to all transportation… and I mean all…      a.     Highways to all of Long Island      b.    Trains to New York      c.     Planes from Islip MacArthur Airport to destinations across the country      d.    Ferries to the beaches of Fire Island. 3.    Great Public Schools 4.    Beautiful Parks 5.    Our New Public Library 6.    Fabulous Shops 7.    Delicious Restaurants 8.    Exciting Community Events 9.    Boating and Fishing on the Great South Bay 10.  Diverse and dynamic Job Market The only thing missing is you!   Ready to make your move… Get the information you need at www.suffolkrealestate... 08/10/2011

IT'S HERE!!!... Summer in Sayville!!!   When are you coming?   Interested in moving to and living in Sayville? Let me be your choice to help you find your new home in Sayville.       06/29/2011

Well here I am still enjoying a day that has been spectacularly successful. I wish I could say I picked up a new listing or sold one. Neither of those things occurred today but that was not the success I looked to measure today. Today was the day when the unnoticed details of a successful day of a successful life took center stage.   Today was the day that started with brilliant sun and searing heat and finished with crashing thunder and refreshing rains. and now trains, their whistles sounding each crossing, pass through Sayville getting ready for the morning rush. Today was the day that started with me writing about what would make this day a success... each moment with my family tender and special, each meal delicious, each song I heard raced my mind back and forth over the years of ... 06/09/2011

I just woke up and decided to make today a success! There is nothing particularly special about today except the weather is expected to be hot here in Sayville. I have been successful throughout my career and certainly personally with my wife and daughter, family and friends.   So what is it about today and waking up this morning... Tired of the same old thing, same routine that produces results each week and every month, Executing a plan that you put in place to obtain the goals you want. Getting to the gym early so you get your favorite bike at spin class. Into the office first to review expired listings and send out letters, make those calls...   Don't get me wrong I love my career and the work that I do as a Realtor, I am very happy in my life personally and professionally. Maybe I ... 06/08/2011

Last night I was in the checkout line of my local super market.  I only had a few items and needed to decide between self serve and full service checkout.  Two of the self check counters were open and being used by a customer each.  The one checkout counter with a cashier had two customers in line, each with small orders.  I have used those self check scanners in the past and find them easy to use, however, often, I find myself stuck behind a customer who is not quite sure where to insert the cash for their purchase or how to scan their coupons. So I got in line at the counter served by a cashier.  While in line several things became very clear to me.  First, as usual, I saw that the customers checking themselves out were having trouble scanning their purchase.  Repeatedly they tried to... 04/14/2011