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Mortgage

June Housing Market Numbers Soften

Alright, here is the latest Greater Capital Association of Realtors market skinny. Interestingly prices and pending sales both dipped in June as compared to the same month in 2013. Inventory of available homes for sale also declined, all while interest rates hit a 12 month low. If you’re thinking of selling there are 3 solid […]

Home Prices vs. Mortgage Interest Rates

One of my clients recently asked about home prices and interest rates. Specifically we were talking about the Albany housing market in 2014 and where we think home prices and interest rates will be in 2015. First off, let me just put out the disclaimer. I’ve been wrong before and I’ll be wrong again. So I […]

Why Pre-qualifying for a Mortgage Matters

We advise every buyer we work with to get pre-qualified for a mortgage (assuming you are not paying cash). The New York Times, recently covered the issued and reinforced the benefits of a strong pre-qualification letter. Monticello recommends only working with mortgage lenders who complete a comprehensive pre-qualification process that goes beyond just reviewing the […]

Not all Mortgage Lenders are Created Equal

FREE ADVICE: I have a purchase contract, representing the buyer, which was supposed to close on March 3. We’re still waiting on the mortgage commitment letter (good news it’s coming today). The bank forgot to order their appraisal. This is a local bank (not one I recommend), but unfortunately these incidents seem all to common. […]