Entries by Enzo Fiorello

Closing Checklist For Home Buyers: What You Need to Know

As you’re nearing the end of your home-buying journey, you’ll want to avoid any hiccups. Here’s a checklist of tasks that buyers must complete before they move into their new home. The list covers five things that need to be squared away during the few days leading up to settlement. 1. Get final mortgage approval […]

Help Your House Appraise for Top Value

Although your home has passed the inspection and the buyer has been pre-approved for a mortgage, the property still needs to be appraised for the deal to close. Appraisers are highly important when it comes to the home buying and selling process. Whenever a mortgage is originated—for a buyer to help finance a home purchase or […]

The Top Reasons Mortgage Applications Are Denied

Following the financial crisis of 2008, lending standards tightened.  Over the past 10 years, these standards have become less stringent but consumers are still finding their loan applications are being denied.  There are many factors that are reviewed during this process but a few rise to the top. 1. Debt-to-income ratio Often referred to as […]

Could a Reverse Mortgage Loan be a part of a smart retirement plan?

When faced with daunting expenses paired with a monthly mortgage payment on their home, many retirees consider a reverse mortgage as a way to supplement their income, eliminate their mortgage payment and access needed funds so they may comfortably age in place. A reverse mortgage allows homeowners to access their home’s equity while maintaining ownership, […]

Millennials Lead the Home-Buying Market

As millennials become more established in their careers and start families, they are increasingly becoming the biggest segment of the home-buying market. According to the National Association of Realtors’ 2018 Home Buyer and Seller Generational Trends study—which evaluates the generational differences of recent home buyers and sellers—more than one-third of all home purchases in the […]

The Best Ways to Retire Without a Mortgage on Your Home

Whether you’re preparing to take early retirement or planning to ride off into the sunset during your Golden Years, you’ve likely thought about how nice it would be to enter into this stage of your life without having to pay a mortgage. Without those monthly payments to your home lender, you’d then have additional finances […]

Top Three Mortgage Tips for March 2018

Buyers in today’s housing market are faced with numerous challenges. A low housing inventory leads to increased competition and heftier prices for the homes that are for sale – and don’t forget about the rising interest rates! Here are 3 tips on how to successfully handle the tricky housing market. 1. Be patient, but lock […]

3 Mortgage Tips for Winter 2018

While most of the country is experiencing cool temperatures, spring is right around the corner. To help you prepare for the busy season of home buying, selling and refinancing season that lies ahead, we’re offering these 3 tips on how to make the most of a mortgage in February. 1. Have a low, long-term rate? […]

The ABC’s of the HELOC

Once a hot commodity in the 2000s—when real estate values soared—HELOCs (home equity lines of credit, also known as second mortgages) have gained popularity as home values again reach new heights. Owning a home is a great way to plant roots and build wealth, and is typically a person’s most valuable asset, so if you […]