My New Blog

With the summer vacation season quickly approaching, we are seeing a continued request for credit checks and pre approvals for New York  properties. In speaking with our various referral sources, they are seeing a 15% increase in potential buyers year to date. I think that we are near the bottom on housing prices, perhaps another percentage point or two decline coming further.

  Mortgage rates have declined slightly with a 30 year fixed rate mortgage available at 6.125%.

 If you are interested in buying a property the most important thing is to know what your credit score is. Not just one score, but the middle of a tri merge credit check. At Empire Home Mortgage Inc. we can assist in checking, evaluating and recommending ways to improve your credit scores. We arrange loans in New York, Florida, Virginia and Connecticut. 

 Additionally, to get the best rate, you need to be able to prove your income. The old high loan to value, stated income loans of the past are nearly extinct. If you can find them, they come with a high interest rate.

  Visit our website, www.empirehomemortgageinc.com , for answers to any of your financing questions. Give us a call. We believe that our business is a customer service business. We answer our phones 7 days a week.