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jeff trenta: Refinance Your New York Loan and Enjoy A Little Breathing Room This Holiday Season
- 11/11/10 06:06 AM
With the holidays approaching, chances are many homeowners will find themselves wishing they had some wiggle room with their monthly bills. One payment where they can likely find some relief is with their home loan. While no one can predict how long mortgage rates are going to last, most people would agree that rates are at low levels making now an important time to consider refinancing into a lower mortgage payment.
Reduce Your Monthly Payment With a Mortgage that Makes Sense
Many New York residents carry a mortgage with an unnecessarily high interest rate and are missing the opportunity to … (0 comments)
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jeff trenta: Record Low New York Mortgage Rates Boost Refinancing Requests
- 10/14/10 07:47 AM
In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com.
"There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody's.
This is really no surprise, as mortgage applications continue to jump up as mortgage rates stay at record lows. Really, rates haven't been this low since Eisenhower was president in the 50s!
So is refinancing right for you?
Historic Low New York Mortgage Rates
Evaluate your financial situation and see if refinancing is the right … (0 comments)
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jeff trenta: New York Refinance Booms with Record Low Interest Rates
- 10/01/10 09:29 AM
Now is the best time refinance, there's no doubt about it.
Mortgage rates are at historic lows. This has caused a surge in refinancing by New York homeowners.
According to NYDailyNews.com, the number of refi applications has received rocketed more than 50% in the past month.
Restrictions on qualifying have tightened since the mortgage meltdown. So making sure you qualify is the first step to saving cash with a refinance.
"Unfortunately, there are a lot of people who can only read about the low interest rates," said Melissa Cohn, CEO of Manhattan Mortgage Co. "For those who qualify, it's huge."
Homeowners … (0 comments)
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jeff trenta: New York Mortgage Refinancing Still Booming as Mortgage Rates Jump
- 09/14/10 03:56 AM
While historically low mortgage rates have caused a New York mortgage refinancing boom, the housing market is still slow. And now, mortgage rates are inching higher.
"What's hurting the housing market right now isn't mortgage rates," said Michelle Girard, senior economist at the Royal Bank of Scotland in a recent NYDailyNews.com article. "It's a lack of confidence about the U.S. economy. It's concern about losing a job."
Even the lowest interest rates in memory couldn't lure buyers from the sidelines. Sales remain abysmal. The National Association of Realtors reported sales of previously occupied homes plummeted 27 percent in July, the worst … (0 comments)
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jeff trenta: Tiger Woods Moves to Manhattan with Help of New York Mortgage Loans
- 09/02/10 06:35 AM
Ex-fan favorite Tiger Woods moved into his new apartment in downtown Manhattan over the weekend, Us Magazine reported. The move came less than a week after the golfer finalized his divorce from wife Elin Nordegren.
Tiger reportedly also took out a $54 million loan to help fund his new bachelor-pad mansion in Florida.
Chances are most of us can't afford a Manhattan loft and a $54 million mortgage on a Florida mansion. Good news is there are a number of options for homeowners to get some financially stability and security- even in this downed economy.
Refinance with New York Mortgage Loans
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jeff trenta: Is Now the Time for a New York Refinance Mortgage? You Betcha!
- 08/30/10 09:17 AM
I always wonder why? Why? Why, what, you ask?
Well, I think it's summed up in "why don't people do the things you think they should?"
Since I'm a mortgage professional and I love helping people save money on their mortgage payments, my big question is why don't more folks in New York refinance their mortgage and lower their payment?
I completely understand some people can't. They don't have the equity to refinance or they aren't sure if they can cover closing costs. To those folks I say, keep positive and eventually things will turn around. I also say, are you … (3 comments)
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jeff trenta: Buying Chelsea Clinton’s Wedding Estate? You May Need a New York Home Loan
- 08/13/10 04:36 AM
The marvelous Rhinebeck N.Y. estate where Former First Daughter Chelsea Clinton held her $3 million wedding is back on the market.
The 50-acre wooded property features an indoor pool and clay tennis court, which makes this home a perfect fit as your multi-million dollar dream home. The estate's beautiful interiors are not too shabby either.
The homeowners of the grand estate are now selling it themselves and have listed the home for a colossal $12 million. The mansion has been on the market since September, but the publicity from the wedding may be enough to entice potential buyers.
According to the … (0 comments)
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With the holidays approaching, chances are many homeowners will find themselves wishing they had some wiggle room with their monthly bills. One payment where they can likely find some relief is with their home loan. While no one can predict how long mortgage rates are going to last, most people would agree that rates are at low levels making now an important time to consider refinancing into a lower mortgage payment. 
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