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Albany NY Real Estate

Buying and Selling Real Estate in Albany NY

By Kevin Clancy #1 Voted Realtor | Agent in 12203
  • Saving for Buying Albany NY Real Estate

    Posted Under: Financing in Albany  |  January 17, 2010 7:23 AM  |  1,862 views  |  No comments

    Albany NY Real Estate

    It is not often that new product offerings surprise me. However, I was speaking with my good friend Liz Grogan at SEFCU today and she told me about a program  that I knew I had to share with you! SEFCU is offering a savings vehicle called Mortgage match to help save for a down payment on a house. The amazing thing about this product is they will give you $4 for every $1 you save up to $7,500!!!! Simply put , this is  a risk free 400% return on your money!  This is a deal that can't be beat!  Of course there are some income limitations and you do have to sit through a class or two. However, If you are saving for a down payment give me a call or email me and I will tell you how to get in contact with Liz!

    Visit us online anytime at Albany NY Real Estate

     Your Friend in the business,

    Kevin Clancy

  • Albany NY Real Estate Investors face another hurdle

    Posted Under: Financing in Albany  |  December 5, 2008 8:17 PM  |  407 views  |  No comments

    The evaporation of 100+%  investor Loan to value mortgages and stated income loans was hard enough on local investors. Now Fannie and Freddie, as I understand it, have  reduced the number of homes an investor can finance from 10 down to 4. This is  major problem for any investor that wants to purchase multiple properties in an area to actual generate a decent passive income. It seems the lending pendulum is swinging the other way. Mortgage money that was far too easy to obtain 2 years ago is now becoming more difficult particularly for investors. Investors buying multiple units now may be limited to a solid banking relationship with a local portfolio lender just like the old days. Bottom line, investors buying multiple properties are going to have a harder time but the deals can get done when put in the hands of a capable professional. http://www.clancyrealestate.com

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