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Home Buying in 11235 : Real Estate Advice

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  • Local Info3
  • Home Buying56
  • Home Selling15
  • Market Conditions1

Activity 1,216
Wed Dec 2, 2015
Javier Meneses answered:
Julieta, there aren't too many mortgage programs specifically aimed at teachers. These programs basically make it easier for police officers, teachers, doctors and nurses to qualify for a mortgage, by allowing a smaller down payment, perhaps more gifted funds towards down payment, etc. but again, you really don't see these programs much and very few lenders offer them. If you're set with down payment and well qualified, it's possible that you'll benefit from a loan program that isn't designed for teachers.

I strongly suggest that you meet face-to-face with a Loan Officer and see what your options are on not just the fact that you're a teacher, but rather you financial situation as a whole. It's possible that you'll benefit more from a program that isn't designed for teachers due to some aspect of your qualifications as a borrower (down payment, credit, assets, debt-to-income ratio, etc.), or you might be better off with such program because of your limitations.

If you're interested in more information about these sort of programs, or in need of a Loan Officer who can help you with the pre-approval process, I'm always available to meet at our Brooklyn offices.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
... more
0 votes 12 answers Share Flag
Thu Mar 23, 2017
Luke Constantino answered:
Hello BVA,

Do you have a Propertyshark account?


http://www.propertyshark.com/mason/

Call me anytime if you need further assistance.


Luke Constantino
Realtor
(212) 300-3919
lukeconstantino@gmail.com
8410 20th Avenue Brooklyn, NY 11214
... more
0 votes 8 answers Share Flag
Mon Sep 22, 2014
Tim Moore answered:
A lawyer will be involved at some point, so split the cake. You can get a Realtor to help find a house to make an offer on and then they will guide you the rest of the way. NY has a lawyer review law of some sort which sounds bizarre to the rest of the country since we don't have such a thing. ... more
0 votes 15 answers Share Flag
Mon Mar 11, 2013
Alison Hillman answered:
Hi Joseph- I'd recommend you work directly with an agent: http://www.trulia.com/voices/directory/11213-agent--44200

Hope this helps,
Ali, Community Manager
0 votes 1 answer Share Flag
Sat Mar 23, 2013
Coldwell Banker Shayovitz Realty answered:
RESPA is a Real Estate Settlement Procedures Act
A Federal Law that is used for disclosure requirements that would help the borrower understand the cost of obtaining a loan with all the services required to close. Prohibits Lenders to charge unearned fees. ... more
0 votes 4 answers Share Flag
Sat Mar 23, 2013
Javier Meneses answered:
Closing costs are those expenses associated with the purchase of a property other than the contract down-payment. Closing costs fall into two major categories. The 1st is bank related expenses, which are those incurred in obtaining the mortgage to complete your purchase. The 2nd is title related expenses.

These fees vary. Bank fees obviously can vary depending on the bank that will be funding the loan. Some title expenses can also vary depending on the titiel company. Other fees will pretty much be the same regardless of the parties involved, mainly taxes.

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
... more
0 votes 4 answers Share Flag
Tue Mar 10, 2015
Karen Woelki answered:
158 Hart Street.... Its my friends brownstone but if you run the address all of these comapnies will tell you its avil and they are the broker...lol

There is a thing called REBNY, its the Real Estate Board of New York and they make the rules of Real Estate and how it should be practiced in a fair and ethical manner. If you are a REBNY member and you do not follow the ethical rules of New York you lose your real estate license.

So look for a comapany that is a REBNY member and if they are not then you know they do not join so they can operate willy nilly like the wild west

Karen Woelki, The Corcoran Group, REBNY member
... more
0 votes 5 answers Share Flag
Sun Mar 17, 2013
Kathryn Lilly answered:
I am sorry to tell you, but you are priced out on all counts in the neighborhoods mentioned.
In fact I would say you are pretty much priced out of just about all of Brooklyn, NY
The market has turned quicker than most buyers were expecting, inventory is down because sellers were not willing to listen to low ball offers and rents have been high so sellers have rented out and are waiting out the market.
This has diven up prices and now tenants are tired of paying high rents, interest rates are still low, but edging up...pushing the market up! Up! Up! in just about all markets in Brooklyn.
Yours,
Kathryn Lilly
Realty on the Greene, LLC
718-858-7600
... more
0 votes 9 answers Share Flag
Fri Sep 6, 2013
Garrett Thill answered:
Hi Andrew, you can definitely find a real estate agent as well (I always recommend going to a Realtor). Although, the best thing to do before looking for homes is to pre-qualify with a lender. This way you know what you can afford, if there are issues on your credit, what your payment will look like, etc. Hope this helps you and good luck! ... more
0 votes 15 answers Share Flag
Wed Feb 27, 2013
Ryan Moghadasian answered:
Good morning please contact me direct

Kayvan Talasazan
Mcs Mortgage Bankers
917 306 0163
0 votes 4 answers Share Flag
Wed Feb 27, 2013
Javier Meneses answered:
So the condo development itself is composed of only two units or is the condo a 2 unit condo?

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
... more
0 votes 4 answers Share Flag
Tue Feb 26, 2013
Madeline Padovano answered:
Hi Marc
TODAY - if your selling it needs to be marketing now, rates are still low. When can I view it
and bring you a CMA. Please contact me directly so I can prepare some reports for you
and set up an appointment.
Looking forward to meeting you real soon.
madelinepadovano@fillmore.com
... more
0 votes 8 answers Share Flag
Tue Feb 26, 2013
Javier Meneses answered:
Is your job one that you can work from GA? Or will you be staying in NY and simply relocating your family?

If your job can document that you're able to work from home and from time to time fly to NY in occasion, you should be able to finance it as your primary residence. But if your employment demands that you spend 51% or more of your time in NY, you might run into an issue and it may result in you having to purchase this home as a second home. I suggest you meet with a Loan Officer and go over all the details.

If you need someone to help you, I am always available to meet with you here in NY and help you finance in GA. Good luck!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
... more
0 votes 6 answers Share Flag
Mon Feb 25, 2013
Yanoska Diaz answered:
If you qualify, the answer is yes. Fannie Mae Homepath Financing 3% down-payment, no appraisal contingency, no mortgage insurance.

http://www.homepath.com/financing.html
0 votes 2 answers Share Flag
Mon Feb 25, 2013
Nina Harris answered:
This is a multi-family house and is already in contract.
0 votes 4 answers Share Flag
Wed Feb 27, 2013
Ryan Moghadasian answered:
It depends where in Brooklyn you are looking there are many places I can suggest .. Please feel free to contact me direct for more info
--------------------------------------------------------------------------------

Kayvan Talasazan
Senior Loan Officer
Company NMLS ID #8115
Branch NMLS ID #955310
Individual NMLS ID #162920


Direct Phone and Fax: 516-858-4987
Cell Phone: 917-306-0163
Main Phone: 516-858-2225
kt@mcsmortgage.com
... more
0 votes 7 answers Share Flag
Sat Feb 23, 2013
Javier Meneses answered:
There is a few thins happening here. If I understand, you can't qualify for the SONYMA Achieve the Dream due to your pay increase? I would say that if this is the case you would not qualify for any SONYMA programs. The other thing I'm thinking about is, if you're seeking a 201(k), this means the house either needs work or you're looking to make some sort of renovations. Depending on the condition of the property you're looking to buy, you might only have a 203(k) as an option. If that's the case, you'll pay mortgage insurance unless you're looking to put slightly more than 20% down payment and finance it over 15 years as oppose to a 30 year, and it would need to happen before April which is when the HUD changes to FHA's mortgage insurance premiums go in effect. I also want to state that in this loan you'll go either with a conventional 30 year fixed OR a 203(k). I also want to point out that if you're going to get down payment or closing costs assistance from SONYMA, you will not be able to refinance right after IMO a 203(k) or any other loan. SONYMA is going to only allow a rate & term refinance, anything other than that will require that you pay those gifted funds back to them.

I strongly suggest you go over all this with a Loan Officer. There are too many things going on here for you to get a thorough answer online.

Good luck!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 740-4478
... more
0 votes 10 answers Share Flag
Mon Feb 18, 2013
Madeline Padovano answered:
probably not - but this is a question you should ask a mortgage banker. probably yes, especially if
your mortgage payments are hooked up to your direct payment plan.
madelinepadovano@fillmore.com ... more
0 votes 7 answers Share Flag
Sun Feb 17, 2013
Alison Hillman answered:
Hi there-

I would recommend working with an agent in the area, here is a directory of agents that might be helpful in getting you started: http://www.trulia.com/voices/directory/Brooklyn-agent--7168?sort_order=best

Hope this helps,
Ali, Community Manager
... more
0 votes 7 answers Share Flag
Thu Feb 14, 2013
Luke Constantino answered:
Good morning Katialaine,

Give e a call, I have a few places to choose from.
Here is an acticle that might help you out also:

http://lukeconstantino.blogspot.com/2012/07/how-to-rent-apartment-in-brooklyn-ny.html


Luke Constantino
Realtor
REMAX NEW YORK
(212) 300-3919
lukeconstantino@gmail.com
261 4th Avenuue, Brooklyn NY 11215
... more
0 votes 3 answers Share Flag
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