Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Becoming a parent is one of life’s most exciting milestones. Along with the joy and responsibility of raising children, many families find that their housing needs and mortgage priorities change dramatically once little ones arrive. What may have worked for a single person or a couple often needs to be reevaluated when planning for the… Continue reading How Parenthood Changes Mortgage Needs and Housing Priorities
When interest rates climb, homeowners and buyers alike often feel pressure on their monthly budgets. Fortunately, there are strategies that can help you save money and manage your mortgage more effectively even in a rising rate environment. By making thoughtful adjustments and using available tools, you can still work toward long term financial security. Make… Continue reading Strategies to Save on Your Mortgage in a Rising Rate Environment
Buying a home can be exciting, but it can also feel overwhelming. Understanding the mortgage underwriting process can make things a lot smoother! What is Underwriting? Underwriting is when lenders review your financial information to determine if you qualify for a mortgage. They check your income, assets, credit history, and the property itself to assess… Continue reading 5 Key Steps in the Mortgage Underwriting Process
Buying a home is one of the most significant financial decisions you will make. While it is exciting to pick out your dream home, the mortgage process can be complex and stressful. One critical factor that can make or break your journey is your credit. Credit monitoring gives you the insight and control you need… Continue reading Why Credit Monitoring Matters During the Mortgage Process
Understanding the Impact of Rising Rates Mortgage rates play a major role in how much house you can afford. Even a small increase can raise monthly payments and affect how much you qualify for. For example, the same loan amount at a higher rate could cost hundreds of dollars more each month. This is why… Continue reading Mortgages in a Rising Rate Environment: Strategies to Save
Remote work has transformed the way people live and plan their financial futures. Instead of being tied to one city, many professionals now choose to split their time between two homes. Some want the excitement of an urban condo while keeping a peaceful retreat in the mountains or at the beach. Others need to balance… Continue reading Mortgages for Remote Workers Who Want Dual Residences
When it comes to qualifying for a mortgage, your income plays a key role in determining how much you can borrow. For many buyers, especially those interested in investment properties or who plan to rent out part of their home, the question is whether rental income can be counted toward their mortgage qualification. The good… Continue reading Can You Use Rental Income to Qualify for a Mortgage?
Buying a home is one of the most exciting milestones in life, but it can also be one of the most exhausting. From house hunting and comparing loan options to managing the financial paperwork and deadlines, the process can become overwhelming. Mortgage burnout happens when the stress and demands of the home buying journey begin… Continue reading How to Avoid Mortgage Burnout
Buying a fixer-upper can be an exciting way to get into a desirable neighborhood at a lower price point, while also creating a home that reflects your style and needs. However, financing a property that needs significant repairs can be challenging if you are only looking at traditional mortgage products. The good news is there… Continue reading The Mortgage Options That Make It Possible to Buy a Fixer-Upper
When purchasing a home, buyers typically assume a new mortgage loan. However, in some situations, a buyer may opt to assume the seller’s existing mortgage. Known as a mortgage assumption, this process allows the buyer to take over the terms and payments of the seller s current loan. While mortgage assumptions can offer benefits, they… Continue reading The Pros and Cons of Mortgage Assumptions