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by Joe Peres | May 3, 2024 | First Time Home Buyer, Mortgage, New Home Purchase
Employment verification is a crucial step in the mortgage application process. Lenders require verification to ensure that applicants have a stable income and employment history, which impacts their ability to make mortgage payments. The NYCDOE provides a...
by Joe Peres | May 2, 2024 | First Time Home Buyer, Homeowners, Mortgage
Summary and Implications for Federal Funds Rate and Mortgage Rates The press conference highlights a cautious but optimistic outlook from Chair Jerome Powell regarding the U.S. economy’s progress towards achieving stable prices and maximum employment. Despite...
by Joe Peres | Dec 9, 2022 | First Time Home Buyer, Homeowners, Mortgage
The chart below compares the maximum conforming loan limit for 1 -unit properties (loan limit) with average mortgage interest rate*, the Average Federal Funds Rate**, and the Average MDSP. MDSP is the Mortgage Debt Service Payments as a Percent of Disposable Personal...
by Joe Peres | Mar 13, 2022 | First Time Home Buyer, Mortgage, New Home Purchase
Does the timing matter when planning to buy a home? Definitely YES! Although it’s said the best time to buy a home is when you can afford it, the time or season when you initiate the home buying process also matters a lot. The real estate market is affected by market...
