Wishing you a Happy Holiday
and a Joyful New Year!
John Sauro, President
North Atlantic Mortgage Corp.
Category Archives: Mortgage Market Update
Mortgage and real estate news including mortgage rates, processing, and refinancing. How the affordability crisis is impacting the housing market. Mortgage News Market Update provides up to the minute mortgage and real estate news. Stay informed with Information received since the Federal Open Market Committee met.
Three Myths When it Comes to Refinancing
When it comes to refinancing your home, there are many supposed truths out there leading to inaccuracies on money saving mortgage options.
- You must have more than 2 points to lower your rate and make it worth your while.
In fact, no you don’t. Many factors come into play, not just the interest rate. Many can save money with as little as a 1/2% reduction in rate. - You need 20% or more down payment.
NOT TRUE! Many programs exist with as little as 3% down. - The market is unpredictable so I’ll wait.
Rates move unexpectedly all the time but there are many advantages to position yourself to strike a great rate through a plan. Set up a plan, It’s free with no obligation. When your plan calls for you to lock your rate, we will have you in the right position to make your move.
Contact us to set up a plan now!
Need a fast rate quote? CLICK HERE
Close in as Little as 26 Days!
Call 1-877-794-5363 (Lend)
No Fees are a good thing….
As a homeowner it’s always a good idea to assess options that may provide you with greater savings.
FOR A LIMITED TIME!
No Application Fee
No Bank Fees
Fixed rates as low as
3.625% APR 3.650%
Please accept my invitation for a free consultation.
In 10 minutes, we can determine if you may benefit from making changes to your mortgage. I’m here to help with information, resources, support and more than 25 years of experience to meet your unique home loan needs.
Sincerely,
John Sauro, President
North Atlantic Mortgage Corp
Phone: 877-794 5363 (LEND)
Direct Line: 914-764-3261
johnsauro@gmail.com
www.northatlanticmortgage.com
Note: There is no application fee. ”No Bank Fees” means no Bank Underwriting fee, Tax service fee or flood insurance certificate. Appraisal, bank attorney and title fees are not included in this offer and are the borrower’s responsibility. The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $75,000 down on a $375,000 purchase price), a $300,000 15 year conforming loan amount, $395.00 in finance charges, 30 days prepaid interest, no points, 30 day rate lock, priced on 6/11/19. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing.
North Atlantic Mortgage Corp. 178 Trinity Pass Rd. Pound Ridge NY 10576 NMLS #1375, NYS Department of Financial Services A004210 Registered Mortgage Broker Loans Arranged Through Third Party Providers.
A Compiled List of Top Mortgage Companies
If you are looking for a list of top mortgage companies, we can provide you with this list. The best mortgage lender isn’t the same for everyone so we have compiled a list of best mortgage lenders for first time home buyers, those looking for their second home and home owners looking to refinance their New York mortgage. Whether you are buying a new home or refinancing we have the best mortgage lender for you.
Have the upper hand when shopping for a new home. GET PRE-APPROVED!
The advantage of a Pre-Approval VS a Pre-Qualification
So you’ve received your Pre-qualification and now your ready to submit your bid on that perfect home. But there’s a problem, there is another buyer who’s bidding on the same property as you and he has a Pre-approval. His bid will be considered first in line before you, who only has a Pre-qualification and here is why.
A home buyer who has been Pre-approved for financing, is a buyer who has gone the extra length of submitting their supporting documents needed for their mortgage, with a specific lender, and has been approved for a specific loan amount and is ready to close on a home immediately.
There are many ways to have the upper hand when shopping for a new home and landing in the #1 spot of what you need to do first is to get Pre-approved for your mortgage.
To start all you have to do is make a phone call to your local broker, who has access to all the local bank programs and rates, to guide you to what will work best for you.
Contact John Sauro,
North Atlantic Mortgage, Corp.
1-877-794-5363
NEED A QUICK RATE QUOTE? Fill in the form below and I’ll send you a NO OBLIGATION, rate quote with details.