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buy: Why Now Is The Time To Act - 12/18/08 12:42 AM
While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or anyone you know are looking to take advantage of these low rates, let me explain why now is the time to act. Lately there has been talk about the 4.5% 30-year fixed rate mortgage. Will it become a reality though? Right now, no one really knows. Homeowners who could benefit from a lower interest rate need to know that even if 4.5% becomes a reality from Washington's actions, rates that low … (0 comments)

buy: Interest Rate Alert - 12/16/08 05:14 AM
If you've been following interest rates recently, you may have seen that they are looking GREAT right about now.  And, while I can't quote an exact interest rate for someone without seeing an individual's full financial picture (credit, income, assets) by means of an application, we have actually recently been able to quote rates of around 5% for well-qualified applicants looking to purchase or refinance a single-family home, and we see the potential for those rates to possibly dip further.    That said, now is an excellent time for many individuals to purchase or refinance -- allowing them to possibly get more home for … (1 comments)

buy: Alternatives for Avoiding Foreclosure - 11/19/08 04:37 AM
In the current real estate market, I believe it is a moral imperative that individuals armed with real estate/mortgage knowledge use it to help homeowners facing hardship to save their homes. There are several options that may be available to these homeowners, including loan modifications (changing the terms of the loan without refinancing), loan novations (a form of loan modification for those with arrearages), FHA Insured Hope for Homeowners loans (which allow homeowners to refinance and get a principal reduction, in exchange for allowing the government to share your profits upon the property's eventual sale), and "short refinances" (principal reductions for those who have no or minimal late … (0 comments)

 

Kimberly Malone

Baldwin, NY

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Signature Property Consultants

Address: 575 Hempstead Turnpike, Suite 200, West Hempstead, NY, 11530

Office Phone: (516) 747-3948 x 1007

Cell Phone: (917) 554-0925

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