By Stephen Simone (Senior MLO MortgageTech Home Finance Mar 12, 2020 Well if you haven’t been living under a rock, you have heard every talking head on TV talking about historically low rates. It’s true the US 10 Year Treasury Note is now trading @ .68% as of this printing. And the US 10-Year [...]
In 1999, Annmarie Izzo, of the Staten Island Board of Realtors group, started the Adopt-a-Senior foundation to help out the senior citizens of Staten Island during the holiday season. 19 years later, Annmarie has grown the foundation and adopts hundreds of seniors every year. Mortgage Tech’s Philip Benigno and Alfred Alcasid, along with several [...]
Since 2011, the five largest U.S. banks have drastically reduced their mortgage originations. The five largest, Wells Fargo, JP Morgan Chase, Bank of America, U.S. Bancorp & Citigroup have reduced their approved mortgages by 50%. The withdrawal of the “BIG 5” from the mortgage business is a result of the fundamental shift in regulations [...]
Purchase price? Loan amount? Monthly Payment? These are in fact all important numbers, but the number I’m referring to is your credit score. This is the very first number you should be focusing on. Your credit score is one factor that will determine the interest rate you are eligible for. The others being your [...]
