Sayville, NY Real Estate News

By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
How long does it take to close a mortgage in Sayville New York ? 30 day closings happen all the time with lenders who utilize modern technology to help expedite the mortgage process.  The Mortgage Outlet is excited to use these lenders who have reduced the time to close a mortgage from 90 days to 30 days or less.  One of the key elements to a 30 day closing is the ability to upload the loan application immediately to the lender to be underwritten; allowing an approval to be given within 48 hours!  This technology also allows us to disclose the TIL, (Truth in Lending Disclosure) the same day the mortgage application is approved and an appraisal can then be ordered immediately.  Your first step to start the process is to click here and complete our SECURED ONLINE PRE-APPLICATION.  Complet...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Sayville Open House for Sale Sayville Real Estate Sayville, New York Open House South Sayville Sunday 1 to 3 pm Location! Location! Location! what else can be said This Grand Tudor Boasts Meticulous Care and Style of years gone by Contact Andrea Casey at 516-9771-9069 for a private showing if you can not make the open house To get a list of other homes for sale in Sayville Here   253 Handsome Avenue Sayville, NY 11782 This Grand Tudor Boasts Meticulous Care and Style Price : $715,000.00 Bedrooms : 4 Bathrooms : 3.00 Square Foot : 3,400 Lot Size : 14,810 sq.ft. County : Suffolk Property Type : Single Family Year Built : 1927 MLS Number : 2625478 click for more information and pictures Property Description Step Back In Time To 1927 And See For Yourself. This Grand Tudor Home Boasts Meticu...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
South Sayville Home for Sale 253 Handsome Avenue Sayville NY 11782 Contact  Andrea Casey a valued agent at 516-971-9069 who is the lsiting agent.  To prequalify for this 4 bedroom tudor in Sayville with David Bailey, Owner of The Mortgage Outlet.  253 Handsome Avenue can be yours in South Sayville.  This grand tudor for sale in Sayville features 4 bedrooms and 3 bathrooms.  Your children with be attending the Sayville School District.  To view this 4 bedroom tudor in Sayville NY please text or call Andrea Casey at 516-971-9069.   This 4 bedroom tudor in Sayville is listed by Andrea Casey of Century 21 Bays Edge Realty.       253 Handsome Avenue Sayville, NY 11782 This Grand Tudor Boasts Meticulous Care and Style Home   Virtual Tour   Photo Gallery   Property Map   Financing   Request Sh...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Sayville, NY low mortgage rates.  30 Day closings happen all the time with lenders who utilize modern technology to help expidite the mortgage process. The Mortgage Outlet is excited to use lenders who have reduced the time to close a loan from 90 days to 30 days or less.  Your first step to start the process is to click here and complete our SECURED ONLINE PRE-APPLICATION.  Completing this will help you get a jump on your pending purchase or refinance. Should you have any questions please use this link. With today's increasing mortgage rates, a 30 day closing can save you thousands of DOLLARS.       Sayville, NY low mortgage rates. 30 day closings happen all the time with lenders who utilize modern technology to help expedite the mortgage process. The Mortgage Outlet is proud to use le...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
As of April 1, 2013 there are new reverse mortgage programs in Sayville New York avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs in Sayville New York available to those 62 years and older.    
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Is a HECM Mortgage Right for you in Sayville New York watch our short video below. As of April 1, 2013 there are new reverse mortgage programs avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs and help you decide is a HECM Mortgage Right for you in  Sayville New York available to those 62 years and older.    
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Is a Reverse Mortgage Right for you in Sayville New York watch our short video below. As of April 1, 2013 there are new reverse mortgage programs avaliable to those 62 years and older looking at reverse mortgages. These new programs includes two low closing cost options. Take a few minutes and watch our video below.     Hopefully our new video will help you undersatnd some of the New Reverse Mortgage programs and help you decide is a Reverse Mortgage Right for you in  Sayville New York available to those 62 years and older.    
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Current Low mortgage rates in Sayville, New York.  Low rates combined with an FHA insured loan are giving qualified home buyers in Sayville, NY an opportunity to take advantage of the current real estate market.  The Mortgage Outlet has some of the best FHA mortgage Rates in New York State. Call us today to see what you quailfy for 631-767-8948   What is FHA?  The Federal Housing Administration, generally known as FHA, was created in 1934 and is the largest government insurer of mortgages in the world. The FHA insures that loans made by mortgage brokers such as The Mortgage Outlet, would allow greater flexibility for a home buyer to qualify for a loan.  Higher qualifying ratios, less than perfect credit scores and low rates help first-time home buyers and other buyers purchase homes tha...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
The first step to home ownership in Sayville, NY is getting a pre-approval before you begin shopping for your new home.  Getting a pre-approval (as opposed to a pre-qualification, for which your information is not verified) not only takes the guesswork out of whether you qualify for a mortgage, it can mean the difference between a smooth purchase process and a very stressful one. The following items must be reviewed before you can be given a pre-approval: 1.      Credit Report  2.      Previous 2 years Tax Returns 3.      Previous 30 days Pay Stubs 4.      Previous 3 months Bank Account and Asset Account Statements  Credit Report:  Make sure you know where you stand with your Credit and FICO scores.  Credit must be run from 3 bureaus, Experian, Equifax and TransUnion in order to determi...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Over the years I think I’ve pretty much heard it all regarding the pros and cons of reverse mortgages in Sayville NY.  I’m continually dumbfounded by the negative perceptions surrounding this type of government insured loan designed for adults 62 or over.  Having over 25 years experience originating mortgage loans, I can confidently say these perceptions are very often misguided and wrong. The unfortunate outcome for  many senior homeowners is that they are misinformed from listening to pieces of information from people who do not understand how a reverse mortgage really works.  After hearing a bunch of incorrect information, many seniors form a negative opinion and become skeptical to take the time to understand the real benefits a HUD/FHA reverse mortgage can offer them.  In the end t...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Some of us in Sayville NY reach retirement and discover that, for whatever reason, they just don’t have enough money put away for their retirement.  If you find yourself in a similar situation – and you’re a homeowner age 62 or older – a reverse mortgage may help you take advantage of the resources you already have in place.   1. Reverse mortgages are approved by the FHA They are also known as HECM (Home Equity Conversion Mortgages) and they are insured by the Federal Housing Administration (FHA).  They are a loan product designed specifically for older adults.  Reverse mortgages are a federally-approved mortgage product and as such have regulatory requirements and oversight to insure borrower safety and protection. Learn more here. 2. A reverse mortgage eliminates your current mortgage...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
HARP Loans Extended in Sayville New York      If you are a Sayville home owner that is underwater on your existing conforming or conventional mortgage, you may be eligible for a refinance without paying down ANY principle, without paying mortgage insurance, and in many cases, without spending any money out-of-pocket.     HARP, the acronym for Home Affordable Refinance Program, is a financial aid program announced by the US federal government in 2009 to help millions of homeowners who are either near-underwater or underwater (means you have zero - or even negative - equity in your home) to refinance into a fixed loan with lower monthly payments. HARP 2.0 - Help For New York Home Owners The modified HARP program - HARP 2.0, also referred to as The Making Home Affordable Program, the DU Re...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
The Mortgage Outlet hopes a two-year extension of a government-sponsored refinancing program will encourage more participation from Underwater Homeowners in Sayville New York can a Harp Refinace Help? The program, created in 2009, is designed for homeowners who may not otherwise qualify for refinancing because they owe more on their mortgages than their homes are worth. For those who haven't heard about it yet or think it's too expensive, it's an ideal time to reach out and try to refinance as some program allow you to go as high as 150% of your present mortgage balance.   These undwerwater borrowers can expect much lower payments by getting mortgage rates below 4 percent. Some homeowners can reduce their mortgages to 15 years from 30 with only slightly higher payments than they have no...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
The Mortgage Outlet has noticed that many first time home buyers come to us confused by the various First Time Home Buyers loans in Sayville New York, that are available to them for financing their first home.  This is just the tip of the ice berg as there is so much industry-specific terminology to learn and understand that the home buying process can be very intimidating to most new comers. I will try to explain in this article the most common First Time Home Buyers  in Sayville New York so that you might better understand the options and requirements more clearly.  As always I am available as a reference if you have more specific questions about how these specific programs might get you your new home. Conventional Loans are typically processed through Fannie Mae and Freddie Mac. Typi...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Current mortgage lending rates are at record lows in Sayville, New York.  Low rates combined with an FHA insured loan are giving qualified home buyers in Sayville, NY an opportunity to take advantage of the current real estate market.  The Mortgage Outlet has some of the best FHA mortgage Rates in New York State. Call us today to see what you quailfy for 631-767-8948   What is FHA?  The Federal Housing Administration, generally known as FHA, was created in 1934 and is the largest government insurer of mortgages in the world. The FHA insures that loans made by mortgage brokers such as The Mortgage Outlet, would allow greater flexibility for a home buyer to qualify for a loan.  Higher qualifying ratios, less than perfect credit scores and low rates help first-time home buyers and other bu...
Comments 1
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
The Mortgage Outlet wants you to have a better Understanding of FHA loans when Buying a home in Sayviile New York.  If you are currently thinking about purchasing a home, you may have already heard about FHA loans and how they can increase your ability in being approved for a loan.   The Scoop on governmnet insured FHA loans The FHA (Federal Housing Administration) was created during the the Great Depression after many borrower's defaulted on their loans.  Lenders became reluctant to approve mortgages for all, but the least risky of borrowers.  If this sounds familiar, today’s mortgage market has led to a resurgence in FHA loans.  The FHA does not lend money to borrowers.  Instead, it insures the loans, so that a lender is able make loans to those borrowers who have a greater risk getti...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Do you know how to determine your debt-to-income ratio (DTI)? The Mortgage Outlet would like to show you just how simple it is.  The debt-to-income ratio (DTI) compares your monthly debt expenses to your monthly gross income.  The debt-to-income ratio is a basic calculation used to pre-approve you for a mortgage.  Lenders look at this number when they are trying to decide whether to lend you money or extend credit.  Your DTI also affects the amount of money you can borrow from a lender. It is important that you Know you Debt-to-Income ration before you buy in Sayville NY.  Make sure you are using the correct income to determine this ratio The income used should be taken from your yearly 1040 and 1120 (self employed) tax returns.  Here you will find the most accurate information to deter...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
FHA Loans in Sayville New York offer by The Mortgage Outlet. Compare our current rates against local banks in Sayville NY.     FHA loans can benefit those who would like to purchase a home in Sayville New York with as little as 3.5% down-payment. It allows borrowers whose credit has been hurt by bankruptcy or foreclosure to qualify for a home loan faster than a conventional loan.   FHA conforming loan are those that have limits determined by Fannie Mae and Freddie Mac presently at $417,000.  These loans are still insured by the FHA. Conforming FHA loans in Sayville NY are available in FHA fixed rate terms of 15, and 30 years.  We also have FHA adjustable rate mortgages in terms of 3 years, and 5 years.     Or call David Bailey, NMLS # 3458 at 631-767-8948 to get a personalize mortgage q...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
FHA Mortgage loan programs in Sayville New York   FHA Mortgage Loan Programs in Sayville New York are subsidized by the Federal Governments mortgage insurance program (MIP).These types of loans vary form one lender to another and The Mortgage Outlet can help you navigate these troubled lending times. It is important to that you understand the advantages and disadvantages of this great program and how important it is to be pre-approved prior to you starting your search for your new home.   There are many advantages of Loans offered by the FHA   3.5% down payment, which helps many of today's home buyers Gift funds can be used for down payment and all closings costs Sellers allowed to contribute up to 6 percent towards buyers closing costs Lending limits are higher then conventional loans ...
Comments 0
By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
The Mortgage Outlet Offers FHA High Balance Loans in Sayville NY.  Compare our current rates against localbanks in Sayville NY.     FHA loans can benefit those who would like to purchase a home in Sayville New York with as little as 3.5% down-payment. It allows borrowers whose credit has been hurt by bankruptcy or foreclosure to qualify for a home loanfaster then a conventional loan. The FHA High Balance Loans are those greater then conforming limits up to 729000. This loan is still insured by the FHA.   FHA High Balance loans in Sayville NY are available in FHA fixed rates terms of 15, and 30 years.  We also have FHA adjustable rates mortgages in terms of 3 years, and 5 years.    Call David Bailey, NMLS # 3458 at 631-767-8948 to get a personalize mortgage quote for a FHA High Balance l...
Comments 0
Explore Sayville, NY
Sayville, NY Real Estate Professionals