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 Pay Less Real Estate Commission New York

The internet has changed the way sellers can show their homes. According to the U.S. National Association of Realtors, 75% of buyers use the internet to search for homes. See how you can negotiate a lower commission to sell your home.

How to Talk to Mortgage Lenders New York

Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...

Hidden Property Costs New York

The majority of foreclosure auctions are conducted by the lien holder in the first mortgage position, but you need to check if that's the case for any property that interests you.

Green Mortgages New York

Financing has often been the missing piece in green home sales. Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home in New York.

How to Choose an Apartment Complex New York

Living in an apartment complex can have several benefits over other alternatives, such as renting a home, a section of someone else's home, or an apartment in a multi-family home. However, if you don't choose a complex wisely, you could forgo any benefits and end up trapped in an undesirable situation.

Home Selling Advice New York

For many people, working with a real estate agent is the most prudent decision. Enlisting the help of a seller’s agent takes the bulk of the work off your shoulders and helps ensure that all the necessary steps are taken.

How to Resolve Apartment Issues New York

Living with strangers, or even friends, can be challenging ? especially if it?s your first time living away from home. Learn how to divide the bills and chores in a winning style.

How to Buy a House Using a Lease Option New York

If you're ready to buy the home of your dreams, but your credit or savings isn't quite ready yet, a lease with option to buy (often simply called a "lease option" or, somewhat inaccurately, "rent to own") may help you move in. Lease options, in which you lease (rent) a property and have the option to buy the property at the end of the lease term, can allow you to control a home that you want even if you don't have enough money for a down payment yet. A lease option may also be helpful if you need some time to improve your credit before you can get a good mortgage rate.

Advantages and Disadvantages of Refinancing New York

Refinancing your mortgage is when you get a new mortgage loan out and use the money from the new loan to pay off your old mortgage loan. In some cases refinancing home loan options are a good idea, and in some cases, refinancing your home loan is not such a good idea. Sometimes, refinancing your mortgage may cost you more money in the long run.

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.