Steven Galvez realized he had spent nearly $100,000 renting in Flushing, Queens. And he was ready for a change. "I rented for five years," said Galvez, 34, a trucker. "I'm not going to see that money." · He and his fiancee, Emily Sosa, 33, a surgical technician, decided it was time to buy their first home together. After bidding on several houses starting last April, they finally bought a house in Ronkonkoma in October. "It was like putting food in a fish tank. All the fish went crazy. Everybo...
According to court filings and facts presented during the plea proceeding, Kaufman worked as an unlicensed mortgage broker and often assisted clients in Queens and Long Island with...
Need a loan to purchase a home? Choose RCG as your mortgage broker and lender in Happauge, NY. Pick the best interest rate, monthly payment and term options for your personal situation.
WHAT NEWSDAY FOUND ; About 38% of Long Island households that owned their homes last year did not have a mortgage, according to census data. ; The percentage has been rising over the past five years. ; Housing experts said this gives owners more flexibility, but a lack of attractive options to downsize could be preventing them from putting their homes on the market.
EIGHT PEOPLE – including two lawyers – were charged yesterday in a home mortgage fraud scam that netted them tens of millions of dollars, authorities said. State Attorney General Eliot Spitzer identified Long Island mortgage broker Louis Sandella as the mastermind of a scheme that involved insiders at major banks, phony appraisals and fake home sales, according to an 83-count racketeering indictment. “Ultimately they stole money from banks, not with guns and masks, but with lies and deceit,” said Spitzer. He said the scam went on for mo ...
What to know ; A steep increase in mortgage rates has made Long Island homes less affordable, but it has also reduced competition among buyers. About one-third of local homes on the market in early November had dropped their price at some point since they were initially listed — the largest percentage in the past three years, according to data from Altos Research. There are still too few homes on the market for buyers, and homes that hit the market at the right price are still generating multi...
What to know ; Higher mortgage rates have hurt affordability for homebuyers, causing a shift in the region's real estate market. ; Sellers can no longer expect multiple offers for homes that aren't in mint condition, agents say. ; Buyers are regaining some power to negotiate on price, repairs and other aspects of deals.
kamally.digital - October 20, 2024: "From Stock Broker to Mortgage Broker: Helping People Achieve Home Ownership! @iwersensean @seaniwersen_mlo @long.island.realtor I talk about how I transitioned...
In the first half of 2023, the median home price increased or stayed flat in about half of 188 Long Island communities and declined in the other half, according to Newsday's analysis. Overall, the median price of a home on Long Island was $589,000 in the first half, down 0.2% from last year, while the number of sales that closed fell 28.3% compared with the January-to-June period in 2022. Miller Samuel excludes the Hamptons and North Fork in its calculations for the rest of Long Island. ...
What to know ; The median price of homes sold on Long Island, excluding the East End, increased 6% to a record $620,000 during the third quarter. ; Home prices have withstood the doubling of mortgage rates during the past year, as the supply of homes remained stubbornly low. ; Higher mortgage rates translated to 15.8% fewer home sales during the period compared with the previous year.