Tag Archives: Loan

Why Do Short Sales Take Long To Process?

Why do short sales take long to process? Short sales take long to process because the bank that services the mortgage may not actually own the loan.  The owner of the loan maybe an investor, or a mortgage insurer who … Continue reading

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Buying a home in Brooklyn -What does it mean when you are told that your loan package is in underwriting?

Buying a home in Brooklyn -What does it mean when you are told that your loan package is in underwriting? The underwriter  is responsible for reviewing  your mortgage  loan documentation and evaluating the your  ability and willingness to repay the … Continue reading

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Help For small business owners – Brooklyn

  New York  City (Brooklyn)  small business owners  having  a hard time securing loans through traditional banks   should  consider  Credit Ready NYC.  Credit Ready NYC is a  city council sponsored program where the council has partnered with banks and the … Continue reading

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Different Types of Home Loans to consider when buying your Brooklyn Home

Types of Home Loans FHA Loans- FHA is a government insured loan that has a minimum downpayment of 3.5% for home buyers.   Some Downpayment and closing cost can be gifted. Conventional Loans- Downpayment requirements  can range from 5-20%.  Conventional loans … Continue reading

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