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Mortgage News, Tips and Resources

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House blurred in background with For Sale sign
June 10 2016

Buying a Multi-Family Home: Should You or Shouldn’t You?

There are benefits to owning a multi-family property, but that doesn't mean it's for everyone. Remember, additional income, but more responsibility.

What Not to Do When Applying for a Mortgage Pre-Approval
May 31 2016

What Not to Do When Applying for a Mortgage Pre-Approval

When applying for a mortgage pre-approval, avoid making mistakes - like falling behind on your bills - that could jeopardize your chances of qualifying.

Home Sales in New York on the Rise, According to NYSAR
May 27 2016

Home Sales in New York on the Rise, According to NYSAR

A new report by the New York State Association of Realtors reveals that home sales increased in April 2016 comparted to the year before.

6-Moving-Apps-that-will-Help-You-Transition-Between-Homes
May 23 2016

6 Moving Apps that will Help You Transition Between Homes

Moving can be overwhelming. Fortunately, apps are available that can help you get through the process, such as Any.do and Moving Van.

Buying-Your-First-Long-Island-Home--Take-Notice-of-These-Red-Flags
May 13 2016

Buying Your First Long Island Home: Take Notice of These Red Flags

Buying your first home on Long Island can be overwhelmingly. Look out for red flags, like watermarks and insects, as you house hunt to narrow down your search.

Why-Use-a-Realtor-When-Buying-Your-Long-Island-Home
May 12 2016

Why Use a Realtor When Buying Your Long Island Home?

Using a realtor as you search for a home on Long Island will result in a more efficient buying and selling process, with less weight on your shoulders.

3_Reasons_to_Get_a_Long_Island_FHA_203k_Rehab_Loan
May 05 2016

3 Reasons to Get a Long Island FHA 203(k) Rehab Loan

Getting a 203(k) rehab loan offers several advantages when you're looking to buy a fixer-upper on Long Island. For example, you won't make a large down payment.

May 02 2016

What are Some Factors that Affect Long Island Mortgage Rates?

There are several factors that play a key role in determining mortgage rates, including the employment figure and 1-year Treasury bills.

City Modern Designed Condo
April 29 2016

7 Tips for Buying a Condo

Buying a condo is different from purchasing a single-family home or co-op. Make sure you keep these tips in mind before putting in an offer.

Statistics Show Millennials Buying More Homes than Other Generations
April 22 2016

Statistics Show Millennials Buying More Homes than Other Generations

A 2016 report shows that most home-buyers are millennials and they work with real estate agents to learn more about the home-buying process.

Celebrity Real Estate News: Joe Namath Purchases $1 Million NYC Co-Op
April 15 2016

Celebrity Real Estate News: Joe Namath Purchases $1 Million NYC Co-Op

Retired NFL Jets quarterback Joe Namath recently bought his daughter and her husband a duplex on Manhattan's Upper West Side for about $1 million.

The Need-to-Know About Multi-Family Loans
March 29 2016

The Need-to-Know About Multi-Family Loans

Qualifying for a multi-family loan is similar to qualifying for a single-family mortgage loan, but there are some differences to keep in mind.

Commercial Mortgage Rates and Requirements
March 28 2016

Commercial Mortgage Rates and Requirements

There are many commercial loan rates and requirements, but it’s important to be well informed so you can determine if you will qualify for them.

First-Time Home Buyer Programs Can Help Secure Your Dream House
March 22 2016

First-Time Home Buyer Programs Can Help Secure Your Dream House

Purchasing a home is a scary (but exciting!) endeavor. It’s always good to have a little help, and Contour is ready to assist first-time home buyers.

Understanding FHA Loan Limits
March 10 2016

Understanding FHA Loan Limits

FHA loan limits change from year to year depending on certain factors, so it’s important to stay up-to-date about what these restrictions are.

Renting vs. Buying a Home
February 26 2016

Renting vs. Buying a Home

There are many benefits to both renting and buying a home, but you have to carefully consider your options. It’s all based on finances and preference.

Getting a Mortgage Pre-Approval for a Spring Move
February 12 2016

Getting a Mortgage Pre-Approval for a Spring Move

The Long Island real estate market heats up in the spring. Now is the time to get pre-approved for a mortgage, so you won't have to stress later on.

couple holding up keys from real estate agent in front of new home
February 03 2016

The Mortgage Crisis and Housing Bubble Explained

The terms housing bubble and mortgage crisis are often heard buzzwords. But what really happened? Here's a clear summary of the financial crisis.

When Should I Lock in my Mortgage Rate?
January 21 2016

When Should I Lock in my Mortgage Rate?

Knowing when to lock in a mortgage rate isn't an exact science, but some determining factors can help take out some ofthe guesswork.

Why Do I Need Title Insurance?
January 08 2016

Why Do I Need Title Insurance?

Home buyers want to know: Why do I need title insurance? And what exactly is it?

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