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Many home buyers will wonder if they will be able to get a mortgage? Read on and find out about 5 tips that will help you on your way.

Remember these easy-to-prevent mistakes that could cost a new homeowner BIG TIME! Here are 6 mistakes new homeowners often make and why they are critically important to avoid
As a homeowner, you are charged with with safety and security of your home, the payment of your bills, along with the payment of your bills, cleanliness, tidiness, among other things. Running a house is similar to running a business. Take all the responsibilities seriously and you will be successful and happy in your home
These must-haves will make things a lot easier in the first few weeks. With the right tools on hand you will be prepared for every scenario. Do yourself a favor by stocking your home with the following items. You will be ready for every homeowner challenge.

In June, we officially welcome Summer in Westchester County. Here are 5 must-do DIY projects for the whole family to participate in.

Whether you live in Westerchester, Putnam or anywhere else for that matter the ten best kept secrets for selling your home are very simple steps. If you are thinking of selling in this hot market then I would suggest you read and follow them. You won't believe how easy it is to get more money for your property

If you own some property that you are not actively living in, you might be thinking about renting the property out and becoming a landlord. Renting usable property is a great way to make some extra money, but if not done carefully, it can turn into a disaster. Here is a list of some of the most important things to learn before taking the plunge.

Study Local Laws

Since shelter is a basic human need, a large body of legal rules and regulations apply to the process. Rental laws vary a great deal from state to state, so you’ll need to find a good resource for researching these laws, unless you are already a lawyer yourself. While looking around online is a good start, you’ll probably also need to consult a legal professional, or at least some books on the subject. Your local library is an excellent resource to find any of the information without spending an arm and a leg.

Preparing your home for sale is always a time consuming project. Here's a few tips to help you get everything going during the winter time.
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Mortgage News Daily

  • MBS RECAP: Another One of Those Unofficial 3-Day Weekend Days

    Posted To: MBS Commentary

    These sorts of days (where nothing happens) happen. If you had to bet on a day of the week and a time of year to see them, Summertime Mondays would probably be the safest bet. Overnight volume was almost nonexistent, with much of Asia closed. Domestic volume and volatility was effectively nil with today's trading range falling easily inside Friday's. On a positive note, despite the low volume, any day where bonds begin a new week holding onto gains from the end of the previous week is better than nothing. In that sense, the fact that yields remained well under Friday's 2.937% ceiling in 10yr Treasuries was better than the alternative. That said, I'd look at it more like an unofficial 3rd day of the weekend than a new and meaningful trading session. MBS Pricing Snapshot Pricing...(read more)

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  • Mortgage Rates Little-Changed to Begin Quiet Week

    Posted To: Mortgage Rate Watch

    Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week's important events and without much on the calendar this week, markets may take a couple days to relax. To put that in context, rates have been holding somewhat steady just below long-term highs. Their next major decision will be between pushing into new long-term highs or attempting to move lower for more than just a week or two. "Relaxation," in this context, means we're not likely to see evidence of either this week. Loan Originator Perspective Bonds coasted through a flat session Monday as rates hovered near unchanged. There's scant meaningful data this week to inform markets, I'll be surprised to see much movement...(read more)

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  • Builder Confidence: Tariffs on Lumber Hurting Affordability

    Posted To: MND NewsWire

    Builder confidence in the market for new single-family homes ended a three-month slide in May , as the Housing Market Index ticked up two points. This month that two-point gain evaporated as the index slid back down to 68. The National Association of Home Builders (NAHB) said the retreat of the measure, which it sponsors in conjunction with Wells Fargo, in June was, in large part, due to elevated lumber prices. "Builders are optimistic about housing market conditions as consumer demand continues to grow," said NAHB Chairman Randy Noel. "However, builders are increasingly concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability . Record-high lumber prices have added nearly $9,000 to the price of a new single-family home since January 2017...(read more)

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  • MBS Week Ahead: Bonds Try to Confirm Last Week's Victory

    Posted To: MBS Commentary

    Post-Italian drama, bond yields rose for 2 straight weeks heading into last week's Fed and ECB announcements. They both proved friendly and the positive momentum continued on Friday. The timing of the Italian drama was important because it began helping bonds right as US 10yr yields were hitting 7-year highs. As yields rose back toward those highs early last week, it was fair to wonder if Italy had merely delayed a move to even weaker levels. The response to last week's central bank events suggested--if not proved --that bonds don't need to re-test high ceilings just yet. Moreover, there may even be a chance to rally. To reiterate a word of caution I've offered a few times, the fundamentals--at the very least--would not make a sustained rally easy. It's the sort of thing...(read more)

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  • Compliance and Construction Products; Legal Changes for Lenders on the East Coast

    Posted To: Pipeline Press

    Rumors continue to swirl. Will a top-10 bank really terminate hundreds, possibly a thousand, of its retail originators in late July/early August for not meeting minimum production standards? Is Houlihan Lokey out there marketing a well-known company (a provider of compliance outsourcing solutions to lenders and servicers) to Radian, Black Knight, or overseas firms? Are hundreds of lenders engaged in small-scale unpublicized layoffs to eliminate overstaffing? Maybe I am merely making this stuff up. Maybe not. Lender Products and Services The American Bankers Association announced its endorsement of Built Technologies, a Nashville-based fintech company focused on simplifying the administration of residential and commercial construction loans through secure, cloud-based software. Built’s...(read more)

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  • Americans Sitting on Trillions in Tappable Equity

    Posted To: MND NewsWire

    Americans are sitting on a nearly unprecedented level of untapped wealth - or maybe sitting IN it is more to the point. A report from Black Knight notes the first quarter of this year saw the "tappable" equity Americans have in their homes rose at what could be a record pace. The company says tappable equity growth is a different metric than simple equity growth as it is the amount that homeowners can actually use. That is, it is the amount of a home's value that can be borrowed against before reaching a combined loan-to-value (CLTV) ratio of 80 percent. Tappable equity grew by $380 billion in the first quarter of 2018. That 7 percent increase is the largest single quarter growth in Black Knight's records, which go back to 2005. Equity growth is usually greatest in the first and second quarters...(read more)

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  • MBS RECAP: Trade Fears Help Bond Rally Extend

    Posted To: MBS Commentary

    Fresh fears of trade wars pushed stocks and bond yields lower in the overnight session as the White House promised another wave of tariff announcements in the morning. China retaliated by promising its own tariffs and markets slumped accordingly. By "accordingly," I mean they slumped as much as they have for any other trade war headline after the initial shock wore off--i.e. not too terribly much. Case in point, stocks ended up bouncing back and nearly erasing all of the losses. Bonds, on the other hand, got a bit of an extra boost from the overall momentum following 2 decent days of central bank news, as well as weaker economic updates out of Europe overnight. 10yr yields rallied all the way to 2.889 before bouncing up to 2.922% by the close (still 2.4bps lower on the day). MBS underperformed...(read more)

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  • Mortgage Rates Inch to Week's Best Levels

    Posted To: Mortgage Rate Watch

    Mortgage rates fell again today, bringing the average rate just slightly lower on the week. Unlike the past 2 days, there were no big ticket calendar events today. Instead, motivation came from market jitters of new tariff announcements and the ensuing retaliation from China. Markets ultimately decided it wasn't the end of the world (yet) and bounced back in the other direction (higher stocks, higher rates) during the 2nd half of the day. Fortunately, the bounce in rates (via the bond market) wasn't big enough to force mortgage lenders to adjust their rate sheets for the worse. That knife cuts both ways though. If bonds were to merely hold flat by the start of Monday's trading, the implication would be for slightly higher rates to begin the day. Loan Originator Perspective Rally makes it time...(read more)

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  • MBS Day Ahead: Here We Go Bonds, Now, Here We Go!

    Posted To: MBS Commentary

    Bond markets have their rally caps on after making it through both central bank announcements this week without suffering any crazy damage. In fact, each day brought modest improvements and now today stands the chance of bringing enough of a rally to "confirm" those improvements from a technical standpoint. That's about the size of it at the moment. We're watching and waiting with fingers crossed. It's much the same as a sporting event where our team just made a good defensive stand and now has the ball on offense . They may or may not score, as always, but it's nice to have a chance! The only thing that troubles me about rooting for a bigger rally is that the justification for sustained improvement will be really hard to come by without something changing about the...(read more)

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  • Compliance, Fraud Prevention Products; Lenders' Digital Notes and Closings

    Posted To: Pipeline Press

    Taking a tour around the nation…No one has ever used the term “bespoke” in describing any place I’ve stayed. I barely know what it means. But if you’ve got the bucks, and want a nice place to bunk down in Hawai’i, here you go . Marlin jerky? 5,100 miles and six time zones away, a Martha’s Vineyard house that the Obamas have vacationed in sold for $15 million , $7.5 million under original asking. Falling demand on the high-end? In-between, here’s an article on the lay-offs to expect in the Dallas-Fort Worth lending industry. But Freddie Mac announced a new partnership with re-employment solutions company NextJob to provide job search assistance to current and aspiring homeowners living in high-needs and other persistent poverty areas . Digital...(read more)

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Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email