The greatest source of frustration for any buyer or seller is this nefarious on/about closing date that is imputed into the contract. What is that about? You buy a house in CT and you are closing on THE date set in the contract, no ifs, ands or buts. You will have to be in the... Continue Reading →
Pre-Contract Signing Jitters..
I highly recommend, for obvious reasons expressed throughout this blog, that you get that contract signed lickety split. Again, there is no real accepted offer until you do. And now you have spent good money on inspections, you are slightly more invested. This is the point, however, that many buyers get cold feet at the... Continue Reading →
The Accepted Offer (a.k.a. “Meeting of Minds”)
If you are living outside the metro area or lower Hudson valley of New York State, feel free to move on from this article, this does not likely apply to you. So you are preapproved, have been home shopping until you’re blue in the face, are tired, weary, and ready to throw in the towel. ... Continue Reading →
Big Banks vs. Boutique Mortgage Lenders…
Ok, I get it. You bank at Bank of America, have about 3 accounts there and would like to get your mortgage there too. Maybe you have your whole life savings there, and as a loyal customer they are going to offer you a special rate. Maybe you don’t bank there, but they have a... Continue Reading →
THE REAL TRUTH IN LENDING…. The skinny on the preapproval
Lets get right down to business. The first step of the home buying process: identifying the property you want to make an offer on, right? WRONG. The first step is GETTING PREAPPROVED. Why get preapproved before you shop? Well, there is the logical reason of needing to sort of know what you can afford before... Continue Reading →