Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Traditional mortgages are not the only way to finance a home. For buyers who want more flexibility or who face unique financial circumstances, creative mortgage options can provide alternative pathways to homeownership. These products are not always as well-known as standard fixed-rate loans, but they can be powerful tools when used wisely. Shared Appreciation Mortgages… Continue reading Creative Mortgage Options Shared Appreciation and Other Alternatives
The rise of cryptocurrency and digital assets has transformed the way many people invest and build wealth. As more buyers hold Bitcoin, Ethereum, and other digital currencies, the question of how these assets impact mortgage approval has become more common. While lenders are beginning to recognize cryptocurrency, it is still a developing area that requires… Continue reading How Cryptocurrency and Digital Assets Are Affecting Mortgage Approval
When it comes to getting approved for a mortgage, most people immediately think of their credit score. While it is definitely important, there is another number that can play an even bigger role in your approval, our debt-to-income ratio. Also known as DTI, this number gives lenders a clearer picture of your ability to manage… Continue reading The One Number More Important Than Your Credit Score for Mortgage Approval
Deciding to finance a new home can be exciting, and because of that buyers tend to want to jump right in. Not so fast! Before you start searching for your dream home, you need to get pre-approved and that means applying for a loan. You will need to get things in order by deciding how… Continue reading To Finance Or Not To Finance
When you begin the exciting journey toward homeownership, understanding the financial aspects is vital. A key document in this process is the Loan Estimate. Provided by lenders when you apply for a mortgage, the Loan Estimate is your guide to deciphering the terms of your loan. Learning how to read and analyze this document is… Continue reading Understanding Loan Estimates for Smarter Home Financing
Balancing two jobs or a full-time career with a side hustle can be rewarding, not just for your wallet but also when it comes to qualifying for a mortgage. Lenders recognize that additional income can strengthen your application, but there are specific rules to ensure your income is reliable and sustainable. If you’re wondering whether… Continue reading Can You Use Income From Two Jobs to Qualify for a Mortgage?
As we approach the end of this year, we can’t help but reflect on the incredible journey we’ve had together with all of you. This year has been filled with growth, new opportunities, and the realization of long-held dreams, whether it’s buying a new home, refinancing to secure a better rate, or exploring the best… Continue reading Looking Ahead to a New Year of Helping You Achieve Your Homeownership Dreams
As the year draws to a close, it’s the perfect time to take a step back and review your financial health, especially if you plan to purchase a home next year. Whether you’re a first-time buyer or looking to upgrade, proper preparation can make all the difference when securing a mortgage with favorable terms. Here’s… Continue reading Steps to Prepare for Future Home Financing and Year-End Financial Checklist
If you’re in the process of exploring mortgage options, you might have encountered the term “mortgage par rate.” But what does this mean, and how does it impact your mortgage loan? Understanding the mortgage par rate is essential because it helps you compare loan offers and make informed decisions that can save you money over… Continue reading What Is A Mortgage Par Rate And How Does It Work
In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook. Whether you’re purchasing a home or refinancing, understanding how these points work can help you make more informed decisions that align with your financial goals. What Are Mortgage Points? Mortgage points, also… Continue reading Understanding the Financial Power of Mortgage Points