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Mastic Beach, NY Real Estate News

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 Mastic Beach, New York.  Low rates combined with an FHA insured loan are giving qualified home buyers in Mastic Beach, 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 ...
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By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
I have noticed that many first time home buyers come to me confused by the various First Time Home Buyers in Mastic 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 Mastic Beac 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. Typically they require a 5...
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