Posted on August 2, 2019 - 08:36 AM
by Eric Bacelli
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property...
Read more
Posted on June 28, 2019 - 08:36 AM
by Eric Bacelli
There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees...
Read more
How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Or a loan where you did not ha...
Read more
Posted on April 19, 2019 - 08:36 AM
by Eric Bacelli
What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he ...
Read more
Posted on March 15, 2019 - 08:36 AM
by Eric Bacelli
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is...
Read more
Posted on February 8, 2019 - 07:36 AM
by Eric Bacelli
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is conside...
Read more
Posted on January 11, 2019 - 07:36 AM
by Eric Bacelli
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next...
Read more
Posted on January 11, 2019 - 07:36 AM
by Eric Bacelli
Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getti...
Read more
Posted on January 11, 2019 - 07:36 AM
by Eric Bacelli
Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship be...
Read more
Posted on January 11, 2019 - 07:36 AM
by Eric Bacelli
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score. “What’s a...
Read more
Thank you Eric for helping me find my dream home. I will recommend you to all my friends and family. You are the best agent in Staten Island. Best, Regards Jonathan
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Multiple
Listing Service of Long Island, Inc.
Listing information provided courtesy of RE/MAX Elite. Real Estate listings held by brokerage firms other than RE/MAX Elite are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2019, Multiple Listing Service of Long Island, Inc.
718-980-6300
Email Me
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Multiple
Listing Service of Long Island, Inc.
iHOUSEweb