Real Estate New York

This website provides information on the different fields and levels of real estate as well as the different terms used in the real estate business. Both residential and commercial real estate topics are covered.

How to Avoid Foreclosure by Knowing Your Mortgage Type New York

Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.

How to Get Rich by Buying and Flipping Real Estate New York

Let's face it; there are so many get-rich-quick schemes out there that it makes your head spin. This is a practical way to achieve millionaire status and stay rich forever--the same way that countless others have gotten rich. The time frame will probably take at least 36 months. But it could be shorter if you have the time and dedication to work this plan full time.

How to Lock in a Mortgage Rate New York

OK. You've spent weeks, maybe months shopping around for a mortgage--filling out forms on the internet, waiting on hold on the phone, dropping off paperwork at the local office--but you've finally found a great interest rate with low upfront costs. Then, right before the closing, you get an unwelcome surprise: the interest rate has gone up, or you'll have to pay thousands more in points. How did that happen? While there's no shortage of unscrupulous lenders who try to pull the old bait-and-switch, there are also legitimate reasons why the terms of a mortgage may change from the time you get your quote to the time you're actually ready to buy. You can avoid the surprises, however, with a rate lock-in, also called a rate lock or rate commitment. Here's how.

How to Find a Good Real Estate Agent New York

Steps to take when looking for a real estate agent.

How to Stage Your Home for a Sale New York

Potential buyers make their decision to purchase your home in the first 30 seconds upon entering. First impression is the key to selling your home fast and for top dollar.In addition, well staged homes sell for 30-50% faster than their counterparts.

Mortgage Insurance New York

Mortgage insurance, also called PMI, is the insurance homeowners pay when they do not have an adequate down payment for their homes. This insurance affords some protection for the lender and goes away as the mortgagee pays down some of the loan.

How to Prepay Your Mortgage New York

Over the course of a 30-year mortgage, you may end up paying more than twice the amount of your principal. The rest goes towards paying interest. That interest is money in the bank's pocket, not in your bank account. Prepaying your mortgage is paying extra principal, especially during the early years of your loan, meaning that your house will be paid off that much sooner, and you will pay less total interest over the life of the loan. It could put you that much closer to retirement.

Home Selling Checklist New York

It’s not an easy job to selling a house. It’s a process. You just don’t publish your house, meet a buyer, negotiate and sell it, but there is a checklist to sell your house. The home selling checklists include some procedures you must do in the correlation of home selling in New York.

How to Understand Your Apartment Lease New York

It?s no secret that leases can be intimidating ? they can be quite long and the language is often very confusing. As a result, many people will sign the lease without actually reading ? or understanding ? the entire document. Landlords can include all sorts of different provisions in the lease, and once you sign it, these terms are legally binding. That?s why it?s important to take as much time as you need to understand your apartment lease. By doing so, you will be much better prepared to handle any conflicts or problems that may come up during your tenancy.

Adjustable Rate Mortgage New York

Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.