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We are seeing a stabilization in property prices in all areas we do business. Florida housing prices are even seeing a slight uptick in prices with some multiple offers coming in on some properties. In New York we are having a surge in first time home buyers who believe that prices are at their bottom and now is a great time to become homeowners. Interest rates are low to mid 5s for a 30 year fixed rate mortgage.

 Empire Home Mortgage has access to Long Island Housing Partnership's First Time Home Buyer Down Payment Assistant Programs. Some of our lender's have brought back Stated Income Programs for Self Employed Borrowers.

 Visit our website, www.empirehomemortgageinc.com . You can get answers to your financing questions, view rates and fill out a no cost application.

 If you are thinking of becoming a homeowner, the best thing you can do is give us a call. We will take a look at your credit and suggest ways for you to get the lowest rates that you qualify for.

 Once done we can give you a pre approval letter to give to any Realtor that you are working with. You do not need to use their mortgage broker or banker. You can use anyone that you decide. We answer our phones 7 days a week until 9PM. We are a Mortgage Broker and our loans are placed with excellent third party providers.

At Empire Home Mortgage Inc. we have an increase of 20% in Mortgage Loan applications. Personally, I believe that we are at or near a bottom of home prices and that prices have stabilized.

 In our Florida office, we are seeing short sales of houses that were purchased 3 years ago for $330,000 selling for $110,000. First time home buyers are entering the market having decided that now, with rates low and prices down, is a great time to become homeowners.

 We have access to first time homeowner down payment assistance programs in Nassau and Suffolk Counties in New York. These can add $15,000 - $25,000 to your downpayment. There are conditions as far as income limits and credit scores. You also are entitled to an $8,000 first time home buyer's tax credit from The Government. This is all free money!  

  The spring market is upon us and now is the time to perhaps make the leap to become a Homeowner. Take a look at our website, www.empirehomemortgageinc.com . You can view rates, get answers to your financing questions and even look for foreclosed properties.

 The most important thing is to know your middle credit score and how much home you can afford. Call us! We answer our phones seven days a week until 9 PM. We are a mortgage brokerage business Licensed with the Florida and New York State Banking Departments and our loans are arranged through third party providers.

 We are starting to see a stirring of buyers coming to the 2009 Spring market. We sense this from pre approval requests coming from our Realtor referrals. With 30 Year fixed rates below 5% our refinancing requests are up. We agree with Jim Cramer from CNBC's Mad Money that housing prices are at or near their bottom. If you are looking to buy, the most important thing is to know what your middle credit score is. At Empire Home Mortgage Inc. we can check your credit and suggest ways form you to improve your credit. We can determine how much house you can afford and can advise you the intricacies of different Mortgage Programs. We are a Mortgage Broker and are licensed by The NYS Banking Dept. and our loans are arranged through third party providers. We are also a Licensed Mortgage Brokerage Business By The Florida Banking Department.

 We have access to first time down payment assistance programs in Nassau and Suffolk Counties. We also have listing for Foreclosed properties on our website, www.empirehomemortgageinc.com . Please feel free to visit our website for answers to all of your Real Estate Financing questions, view rates and fill out a no cost application.

Are you tired of the cold yet? Ready for Spring? Absolutely!!

With warmer temperatures arriving, we here at Empire Home Mortgage Inc. are seeing a thawing out of the home buyers market. Foreclosures and short sales in our areas of New York and Florida are getting multiple offers. The sellers who are seriously looking to sell their houses, if priced correctly, are selling quickly. We hear this from our referral partners.

 One of our lenders has even brought back a SIVA ( Stated Income Verified Assets) program. You need to have excellent credit, be able to put down 25% of the purchase price and your asssts must be verifiable. This is a perfect program for self employed borrowers who write off alot of expenses. This is a huge deal. This shows that perhaps the credit markets are starting to thaw out.

 If you are looking to buy, you need to lnow what your credit scores are and what you are qualified to spend. We can perform a credit check and advise you how to improve your score. Call us seven days a week. We answer our phones upto 9 PM. Visit our website, www.empirehomemortgageinc.com . We are a licensed Mortgage Broker by The New York State Dept of Banking and Florida Banking Department. Loans are arranged through third party providers.

 Empire Home Mortgage Inc. has access to various down payment assistance programs throughout New York City, Nassau and Suffolk Counties, and Florida State. We also arrange loans for Rehab loans, First Time Homebuyer programs and Foreclosed property financings. Look at our website, www.empirehomemortgageinc.com , you can view latest rates, get answers to your financing questions and even fill out a no cost application. We can check your credit report  and make suggestions on how you may qualify for the lowest rates available. For the week of 1/02/09 30 year fixed rate mortgages are approximately 5.125%.

 Need a cash out refinance program to pay off some bills or to do some remodeling, we can help.

 We answer our phones seven days a week until 9 PM. Have a question give us a call for an answer. We provide mom and pop service in an industry that maintains "banker" hours! 

 Empire Home Mortgage continues to see an upbeat in Florida Real Estate transactions. We believe that this is the consumers belief that the market has bottomed out. Over 90% of our applications are first time home buyers, previous renters. Most of these are FHA loans which require only 3% down.

 Our NY applications have slowed by 25% from September. We think this is due to September having a large jump in activity coming off the summer vacation season. Our Realtor partners suggest that the time an average house is on the market is climbing slightly. Additionally they are seeing a slight uptick on prices on Long Island.

  Empire Home Mortgage Inc. reminds prospective buyers that we offer free credit checks and we will tell what your middle credit score is. We pull a trimerged credit report from Equifax, Experian and Trans Union. We have dedicated credit counselors who can advise you where your score needs to be for various loan programs. This is the most important aspect in buying a house. We also have First Time Homebuyer Programs where Nassau County New York will assist with a $15000 down payment. Certain requirements must be met to qualify.

 We answer our phones seven days a week up to 9 PM. Put us to the test. Take alook at our website, www.empirehomemortgeginc.com . You can get answers to your financing questions, use our mortgage calculators and even fill out an online application. This is a secure, encrypted sight.

 We arrange financing in New York State, all counties, and all of Florida. We provide financing through third party providers and are a licensed Mortgage Broker in NY and a Mortgage Broker business in Fl. We are also members of NAMB.

 As we near the end of summer coming into the Labor Day Weekend we have experienced a 200% increase in loan applications for Florida Real Estate! These applications are all first time home buyers buying foreclosed properties. They currently rent and all feel that the market is at or near it's bottom and now is a great time to stop paying rent and start building equity for themselves. We can not agree more. Prices have stabilized and we feel that there is not much bottom left.

 We are seeing an increase in activity in potential buyers as it relates to New York properties. We are experiencing a slight increase in pre qualifications for purchases. However we expect slow traffic over the Labor Day Weekend. We expect this to continue through the first two weeks in September as families get back to a more structured lifestyle.

 Before going out to view property it is important to know your credit score and how much house you can afford. At Empire Home Mortgage Inc. we can let you know these important parameters. Look at our website, www.empirehomemortgageinc.com . You can get answers to financing questions and fill out a no cost application. Give us a call we answer our phones seven days a week upto 9 PM. Put us to the test. 

In the government's effort to assist first time homebuyers of Nassau County property, Empire Home Mortgage Inc has put together a list of the government's requirements.

1) You must be a first time homebuyer. What that means is that you did not own a home in the past three years.

2) The property that you are buying is to be used as a primary residence.

3) There are income limitations which are dependent on your family size, as well as a minimum income amount of $25,000.

4) You would have to attend a mortgage counseling session

5) You must be able to obtain a mortgage.

6) Your house can not be appraised more then $463,220.

7) The most important feature is that you must reside in the property for ten years. If you sell within ten years, you would have to pay the grant back.

8) You have to be able to obtain a mortgage

9) Houses have to be in the boundaries of Nassau County

 The amount of the grant is $15,000 and you have to put down at least $2,000 of your own money.

 All applications must be postmarked by 4PM Friday December 26, 2008.

 Empire Home Mortgage has the information as to where you can get the application. Also we can assist you in getting approved for a mortgage and getting the paperwork in order to submit to the Government.

 Look at our website, www.empirehomemortgageinc.com , for our contact information. We answer our phones seven days a week. We are a licensed mortgage brokerage business and arrange loans through third party providers. We arrange loans in Florida, New York, Virginia and Connecticut.

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.