Financing in Binghamton : Advice

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Lisa Barrows, Real Estate Pro in Binghamton, NY
Most recently I wrote about the changing rules in mortgage lending. I thought it may be helpful to talk a little bit about different types of mortgages available. This is only a brief overall write...as… Read more
Blogged Tue Mar 11, 2014 by Lisa Barrows Home Buying Financing Credit Score
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Lisa Barrows, Real Estate Pro in Binghamton, NY
Recently, many of the buyers that I have been working with are facing the reality of the stringent new criteria for financing,....the Consumer Financial Protection Bureau guidelines that were instituted… Read more
Blogged Tue Mar 4, 2014 by Lisa Barrows Home Buying Financing Home Ownership
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Lisa Barrows, Real Estate Pro in Binghamton, NY
You are excited!  You found the home you want to buy. You made your offer. After a little negotiation back and forth, your offer was accepted. You applied for your mortgage and you were diligent in… Read more
Blogged Wed Oct 9, 2013 by Lisa Barrows Home Buying Financing Property Q&A
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Lisa Barrows, Real Estate Pro in Binghamton, NY
Good credit, no credit, bad credit - what's it all about? Credit makes the world go round. Without utilizing credit, most people would not be able to live the American Dream of home ownership.  While… Read more
Blogged Sun Sep 29, 2013 by Lisa Barrows Home Buying Financing Credit Score
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Lisa Barrows, Real Estate Pro in Binghamton, NY
Calling all home buyers!Have you noticed?The nights are getting cooler, back-to school shopping ads are about over, the children are back in school with the school buses out in full force.  If you look,… Read more
Blogged Thu Sep 12, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
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Lisa Barrows, Real Estate Pro in Binghamton, NY
You have been searching for a home and you found the one that you want to make an offer on!!There are several important factors that need to be considered when writing up a purchase offer...1. Price2.… Read more
Blogged Wed Jun 26, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
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Dawn M Roess…, Real Estate Pro in Binghamton, NY
Dawn M Roessing answered:
I need a mortgage that can be adjusted and payed over a longer stretch of time.I am not sure what type this would be i will need some financial advice
Again Eduardo you would need to talk with a mortgage person. I would start first at the bank that you have your mortgage with they will do it for you and they are confidential as all o ... more
0 votes Share Flag Fri May 17, 2013 Financing in 13903
Lisa Barrows, Real Estate Pro in Binghamton, NY
Most of us do not have the resources or the COURAGE to own stocks in large quantities. That's what makes your home or owning a home such great "risk capital".  It's not the stock market, and you shouldn't… Read more
Blogged Sun May 5, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
Lisa Barrows, Real Estate Pro in Binghamton, NY
Whew!....April 15th has passed!Some taxpayers are happy as they have recieved or are expecting refunds, others are not; as they have just wrote a check to Uncle Sam. No matter which situation you found… Read more
Blogged Sun May 5, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
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Bostonbred111, Home Owner in Whitney Point, NY
Bostonbred111 answered:
I make enough to pay back monthly payments ahead of schedule with a stable job, but I have poor credit.
I believe you will have to have a credit score of at least 680-700 in order to get a home loan from a bank and you will also need to have good credit for at least th ... more
0 votes Share Flag Mon Mar 11, 2013 Financing in 13903
Lisa Barrows, Real Estate Pro in Binghamton, NY
There are a couple of loan programs that let buyers "roll in" part of to almost all, of your closing costs and principal-paid expenses. With a VA loan, you can finance the closing costs, the funding fee,… Read more
Blogged Thu Feb 28, 2013 by Lisa Barrows Home Buying Financing
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Lisa Barrows, Real Estate Pro in Binghamton, NY
I am frequently asked if it makes sense to purchase a home. My answer continues to be "yes". Some people have to move because of job changes, etc. Others are thinking about upsizing, downsizing, or investing… Read more
Blogged Fri Feb 22, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
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Lisa Barrows, Real Estate Pro in Binghamton, NY
Protecting the mortgage interest deduction protects housing. The home mortgage interest deduction saves the average home owner thousands of dollars at tax time. It also helps first-time home buyers achieve… Read more
Blogged Thu Feb 21, 2013 by Lisa Barrows Home Buying Financing Rent vs Buy
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Lisa Barrows, Real Estate Pro in Binghamton, NY
The mortgage process can be simple and go more smoothly than you might expect. Keep accurate records and your paycheck stubs, copies of recent bank statements, and tax return information organized.When… Read more
Blogged Mon Feb 11, 2013 by Lisa Barrows General Area Financing
Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
Their is a particular property i am interested in buying i am able to put down almost the entire purchase price but need a small loan to complete it.
Eduardo,

Please call Brian Tom of Cliffco Mortgage Bank. His number is 516-448-2434 or email him at btom@cliffcomortgage.com.

Brian will be able to answer your question and hopef ... more
0 votes Share Flag Sat Jan 26, 2013 Financing in 13903
Dawn M Roess…, Real Estate Pro in Binghamton, NY
Dawn M Roessing answered:
How much is needed for a down payment on a second home when your home is listed for sale.?
Hi Shirley,

I would check with my mortgage person but I do believe that some mortgage companies are asking for 20% down when it is a second home. But again I would check with my bank ... more
0 votes Share Flag Wed Aug 10, 2011 Financing in Binghamton
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
How much of a down payment is needed to buy another home when your home is still not sold,but is listed for sale?
When you are buying a new home and you are selling your existing home, and if you are not going to be selling your old home prior to or simultaneously with the new purchase, then you ne ... more
1 vote Share Flag Wed Aug 10, 2011 Financing in Binghamton
Stephen Day, Real Estate Pro in Vestal, NY
I was interviewed yesterday by the Binghamton Press for their monthly article about Real estate trends in the Binghamton area.  My opinion is that the market is improving.  In July and August the… Read more
Blogged Fri Nov 12, 2010 by Stephen Day Home Buying Home Selling Financing
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First Last, Other/Just Looking in 90002
First Last answered:
my wife and I are new to the ownership of a home process. we have fair credit scores but really good jobs. what real estate agent would best suit us?
You need a mortgage broker, and you need a pre-approval letter--exactly what Rudy McDowell says.

If your credit scores are not especially high, then I would strongly recommend a mor ... more
0 votes Share Flag Thu Nov 11, 2010 Financing in Binghamton
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