Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Buying a home is an exciting journey, but it’s not without its twists and turns. One specific daunting aspect for many homebuyers is understanding the sphere of closing costs. These additional expenses can catch even the most prepared buyers off guard if poorly understood. So, let’s discuss the world of closing costs and shed some… Continue reading Understanding Closing Costs When Buying a Home
When it comes to selling a home, it is a common belief that once the offer is accepted, there is nothing else to be negotiated. However, issues and obstacles that can arise during the home inspection can be a cause for discussion with the seller. Whether you’re currently searching for houses or your offer has… Continue reading Find Something Wrong During a Home Inspection? How to Discuss Repairs or Defects with a Seller
So, you’ve found your dream home, made an offer, and had the home inspection done. But wait—what happens next? For many homebuyers, negotiating repairs after a home inspection can be a daunting task. However, with the right approach and some negotiation skills, you can ensure that your new home is in tip-top shape without breaking… Continue reading Negotiating Repairs After a Home Inspection
When considering the journey of purchasing a new home, one of the fundamental decisions you’ll encounter revolves around determining the appropriate amount of money to allocate for your down payment. It’s a decision-making process that involves weighing the benefits of opting for a larger down payment against the potential advantages of utilizing some of those funds… Continue reading 3 Considerations When Making A Down Payment
Are you in the process of purchasing a home or considering refinancing your mortgage? If so, you’ve likely encountered the term “escrow account” during your discussions. Mortgage escrow accounts are a crucial component of many home loans, yet they can be a bit mysterious to those unfamiliar with the ins and outs of the mortgage… Continue reading A Consumer’s Guide To Mortgage Escrow Accounts
You’re about to start on an exciting journey toward homeownership. But before you dive headfirst into the world of real estate financing, there’s an important decision you’ll need to make which is choosing the right mortgage term. The mortgage term refers to the length of time you commit to a specific mortgage rate, lender, and… Continue reading Choosing the Right Mortgage Term
What exactly is an interest-only mortgage? Simply put, it’s a type of home loan where you pay only the interest for a certain period, typically the first five to ten years. After this initial period, you begin paying both the principal and interest, resulting in higher monthly payments. Weighing Your Options Pros: Lower Initial Payments:… Continue reading Understanding Interest-Only Mortgages
In the realm of personal finance, the term “second mortgage” often emerges as a solution for homeowners seeking additional funds. But what exactly are second mortgages, and how do they work? Join us as we embark on a journey to unravel the basics of second mortgages, helping you make informed decisions about your financial future.… Continue reading A Consumer Guide To Second Mortgages
Retirement is a significant milestone in one’s life, symbolizing the culmination of years of hard work and dedication. As individuals approach this stage, meticulous planning becomes imperative to ensure a comfortable and financially secure future. Among the plethora of retirement planning options, real estate emerges as a challenging player, offering unique advantages that can enhance… Continue reading How to Evaluate Property Taxes and What You Need to Know Before You Buy
Today, we’re shedding light on the unique roles of mortgage brokers and direct lenders, highlighting the benefits they bring to the table. Understanding the Difference First things first, let’s clarify the distinction between mortgage brokers and direct lenders. While both play crucial roles in the home financing process, they operate in slightly different capacities. Mortgage… Continue reading Exploring the Bright Side: How Mortgage Brokers Differ from Direct Lenders