Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
As more homeowners look for ways to reduce utility bills and make their homes environmentally friendly, energy-efficient improvements have become a smart investment. The good news is that you do not need to pay out of pocket for all the upgrades at once. There are mortgage financing options that allow you to make energy-efficient improvements… Continue reading How to Finance Energy-Efficient Home Improvements with a Mortgage
When exploring home financing options, many borrowers are intrigued by interest-only mortgages. These loans offer the benefit of lower initial monthly payments, which can seem attractive, especially in high-cost areas or when cash flow is tight. But how exactly do they work, and are they the right fit for your financial goals? What Is an… Continue reading Are Interest-Only Mortgages A Smart Strategy or Risky Business?
When buying a home, most people focus on the home price, interest rate, and monthly payment. But there’s another major factor that can significantly affect your mortgage: property taxes. These taxes can make your mortgage payment higher than expected and understanding how they work is key to managing your budget effectively. Below, I will break… Continue reading How Property Taxes Impact Your Mortgage Payment
Let’s face it, picking the right mortgage can feel overwhelming. But what if we made it more fun? Think of home loans like candy bars: each one has a distinct flavor, a specific audience, and its own perfect time and place. Whether you’re buying your first home, building your dream house, or tapping into retirement… Continue reading Sweet Loans for Every Taste: Which Mortgage Treat Is Right for You?
A reverse mortgage can be a powerful financial tool for homeowners aged 62 and older, providing access to home equity without the burden of monthly mortgage payments. If you’re considering this option, here’s a step-by-step guide to help you navigate the process. Steps to Secure a Reverse Mortgage Meet with a Reverse Mortgage Specialist Before… Continue reading The Facts and Fictions of Reverse Mortgages
When applying for a mortgage, your creditworthiness plays a significant role in determining your loan approval and interest rates. Two commonly referenced terms are FICO score and credit score, which are often used interchangeably but have distinct differences. 1. What is a Credit Score? A credit score is a broad term that refers to a… Continue reading The Difference Between FICO Score and Credit Score: How It Affects Your Mortgage and Rates
For homeowners facing temporary financial hardship, mortgage payment deferral programs can provide much-needed relief. These programs allow borrowers to pause or reduce their monthly mortgage payments for a specific period, helping them avoid foreclosure while stabilizing their finances. What is a Mortgage Payment Deferral? A mortgage payment deferral allows borrowers to temporarily postpone their monthly… Continue reading Understanding Mortgage Payment Deferral Programs
As the year draws to a close, it’s the perfect time to take stock of your financial health and set yourself up for success in the coming year. You can create a solid foundation to achieve your goals by focusing on key areas. Here are five important financial tasks to consider before the new year… Continue reading 5 Financial Tasks to Tackle Before the New Year
As the year comes to a close, it’s the perfect time to consider refinancing your mortgage. Whether you’ve been thinking about lowering your monthly payment, securing a better interest rate, or tapping into your home’s equity, refinancing can offer many benefits. However, the timing can make all the difference. Here’s why refinancing before the year… Continue reading Why Refinancing Your Mortgage Before the Year Ends Is a Great Option
Looking for ways to reduce the amount of interest you pay on your mortgage and shorten its lifespan? A home loan offset account might be the solution. This financial tool allows you to reduce the interest on your mortgage by using the balance in a linked account to offset your loan amount. Let’s explore how… Continue reading What Is A Home Loan Offset Account And How Does It Work?