Welcome to the Federal Home Loan Bank of New York #2nd #mortgage #lenders

#federal home loan bank


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NEW! 2015 Annual Report to Members

Throughout 2015, the Federal Home Loan Bank of New York demonstrated our ability to identify opportunities, overcome challenges and meet the needs of our members, resulting in another strong year for our cooperative. more

Our executive team was proud to host the NYU Federal Credit Union for a Member-Director Education Session. more

Program beneficial because pricing is the same as conventional conforming loans’ title=’Participating members originating loans in high-cost areas find the MPF Program beneficial because pricing is the same as conventional conforming loans’/>

Guidelines for Selling
High-Balance Mortgage Loans

Participating members originating loans in high-cost areas find the MPF Program beneficial because pricing is the same as conventional conforming loans. more

Our cooperative s strength enables us to provide quality credit products at flexible terms. more

As long as markets remain open, and a member has pledged sufficient qualifying collateral and is willing to purchase the requisite amount of capital stock, the FHLBNY will always continue to lend to our members to help you meet your community s needs . more


September 6, 2016

A Wide Range of Products for Our Members. more

New York, NY The Federal Home Loan Bank of New York ( FHLBNY ) today released its unaudited financial highlights for the quarter ended June 30, 2016. more

Updates to the 2016 Fee Schedules. more

Throughout 2015, the Federal Home Loan Bank of New York demonstrated our ability to identify opportunities, overcome challenges and meet the needs of our members, resulting in another strong year for our cooperative. Our continued success stems from the strength, stability and sustainability of our franchise . more

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First Time
Borrower’s Guide

This guide will assist you through the process of requesting your first advance.
. Learn More


Member Advantage
Second Quarter 2016
Read this edition for the latest updates on our business and credit rating, the new Symmetrical Prepayment Advance (SPA) feature, and other FHLBNY news.

Maximize your Membership
As part of our commitment to your success, we offer strategic articles for beneficial insight and education.

General Terms and Conditions of Use | Privacy Policy | Forward-Looking Statements
Our friendly lawyers have asked us to tell you that visitors remaining in session with this site IMPLICITLY CONSENT to our General Terms and Conditions of Use and our Privacy Policy, and ACKNOWLEDGE our Cautionary Language Regarding Forward-Looking Statements. Please exit this session if you do not agree with the foregoing.

2016 Federal Home Loan Bank of New York. All rights reserved.

How Much House Can I Afford? New House Calculator #boat #mortgage #calculator

#house payment


How Much House Can I Afford?

Home Buyer Resources

How much house can you buy?

Mortgage lenders calculate affordability based on your personal information, including income, debt expenses and size of down payment. The mortgage calculator uses similar criteria.

Here are some of the factors that lenders consider.

Debt-to-income ratios

Lenders will calculate how much of your monthly income goes toward debt payments. This calculation is called a debt-to-income ratio.

Debt-to-income ratio

Percentage of monthly income that is spent on debt payments, including mortgages, student loans, auto loans, minimum credit card payments and child support.

Debt payments / income

For example: Jessie and Pat together earn $10,000 a month. Their total debt payments are $3,800 a month. Their debt-to-income ratio is 38 percent.

$3,800 / $10,000 = 0.38

Front-end ratio

A standard rule for lenders is that your monthly housing payment (principal, interest, taxes and insurance) should not take up more than 28 percent of your income before taxes. This debt-to-income ratio is called the housing ratio or front-end ratio.

Back-end ratio

Lenders also calculate the back-end ratio. It includes all debt commitments, including car loan, student loan and minimum credit card payments, together with your house payment. Lenders prefer a back-end ratio of 36 percent or less.

Ratios aren’t carved in stone

Those recommended ratios (28 percent front-end and 36 percent back-end) aren’t ironclad. In many cases, lenders approve applicants with higher debt-to-income ratios. Under the qualified mortgage rule, federal regulations give legal protection to well-documented mortgages with back-end ratios (all debts, including house payments) up to 43 percent.

That’s been one of the bigger drivers (of affordability) because that is basically drawing a box around what’s a qualified mortgage, says Tim Skinner, home lending sales and service manager for Huntington Bank in Columbus, Ohio. A large portion of the lending community has decided to stay in that box.

Credit history

If you have a good credit history, you are likely to get a lower interest rate, which means you could take on a bigger loan. The best rates tend to go to borrowers with credit scores of 740 or higher.

Down payment

With a larger down payment, you will likely need to take on a smaller loan and can afford to buy a higher-priced house.

Down payment

Money from your savings that you give to the home’s seller. A mortgage pays the rest of the purchase price. It’s usually expressed as a percentage: On a $100,000 home, a $13,000 down payment would be 13 percent.

You don’t need to have a perfect credit score or a 20 percent down payment to qualify for a mortgage. Some lenders will accept down payments as small as 3 percent. Federal Housing Administration-insured mortgages have a minimum down payment of 3.5 percent.

Lifestyle factors

While the lender’s guidelines are a good place to start, consider how your lifestyle affects how much of a mortgage you can take on. For instance, if you send your children to a private school, that is a major expense that lenders don’t typically account for. Or maybe you like to spend a lot on dining out or clothes. And if you live in a city with good public transportation, such as San Francisco or New York, and are able to rely on public transportation, you can likely afford to spend more on housing.

Consider all your options

Look into various state government programs that provide certain concessions, especially for first-time homebuyers. There also are programs that you might qualify for based on your income or occupation. You may be able to get assistance with your down payment so you can take on a smaller loan.

Nikitra Bailey, executive vice president for the Center for Responsible Lending in Durham, North Carolina, says, A lot of creditworthy borrowers have been unable to secure mortgages in the tighter mortgage environment. We are hopeful that these efforts will open up credit for borrowers who are deserving so that we will see an increase in first-time homebuyers going forward.

Don’t overload yourself

Be careful. It’s wise to give yourself breathing room financially. You don’t have to deplete your savings, and you don’t have to make the maximum monthly payment that you qualify for.

Why is it wise to spend less than you can afford? As a homeowner, you will face unexpected expenses, such as a leaky roof or a failed water heater. You will have to pay for maintenance. You might even face a job loss.

When gas prices started to go up (during the housing downturn) and people were maxed out on their homes, that’s when we started seeing a lot of the defaults happen, says Kathy Cummings, homeownership solutions and education executive for Bank of America. There were a lot of other economic factors going into it, but if you are maxing yourself out on your home, you can’t absorb some of those impacts.


New Reverse Mortgage Requirements Coming in 2015 #mortgage #news #daily

#reverse mortgage rules


New Reverse Mortgage Requirements Coming in 2015

If you’ve been considering a reverse mortgage, there are big changes coming in 2015 that you’ll need to know about.

Most reverse mortgages are insured by the U.S. Federal Housing Administration. As a product of this, the loans are guaranteed by the government, adding a level of protection for borrowers. It also means the government creates rules and regulations around reverse mortgage lending via the Department of Housing and Urban Development, or “HUD.” That’s where the big changes come in.

In order to make reverse mortgages even safer for borrowers who qualify and are at least 62 years old, HUD is introducing new rules on April 27, 2015, that will impact all borrowers.

Here’s what you need to know.

1. New financial assessment requirements will take effect on April 27, 2015.

Prior to 2015, reverse mortgage borrowers did not have to go through an income or assets assessment as is customary for borrowers who are getting a forward or traditional mortgage.

But any potential borrowers who have been issued an FHA case number on or after April 27, 2015, will now undergo a financial assessment, conducted by the lender. This will also include a credit score review.

The financial assessment is geared toward making sure a borrower can meet the ongoing payments associated with homeownership including homeowners insurance, property tax, and home maintenance. If borrowers have past delinquencies, for example, those delinquencies will be considered by the lender as part of the assessment. If you have historically not made payments on time for repayment of other debts, those will be considered as well.

2. Borrowers will need more documentation.

As part of the financial assessment, lenders will need to collect more documentation in order to underwrite the reverse mortgage and ensure the borrower meets the necessary financial criteria. That may mean gathering income and tax forms, documentation of assets that you own, or payment history for different debts you have held.

The same way you would gather documentation in applying for a forward mortgage, you will need to provide documents as proof of the financial criteria that is required by the financial assessment.

3. You may need to “set-aside” money to fund fixed housing costs

Borrowers who lack certain financial standing as determined by the financial assessment, will need to set aside funds from their loan proceeds in order to cover their property charges (taxes and insurance, namely). This Life Expectancy Set Aside (LESA) is a fund specifically designated for those payments. The LESA works in a way that is similar to the way that forward mortgages sometimes escrow property tax payments.

The set-aside amount will be determined by a calculation conducted during the application process, and will either be designed to either fully fund those payments based on a lifetime expectancy assumption, or to partially fund those payments based on the same assumption.

The financial assessment will make it tougher for some borrowers to qualify for a reverse mortgage. But these borrowers are probably better served by other options like downsizing.

The good news is that by introducing these changes, reverse mortgages will be safer than they have ever been for borrowers. The new assessment is designed to ensure that a borrower has the financial capacity to continue living in their home for the remainder of their lifetime while maintaining his or her reverse mortgage obligations.

Coldwell Banker Prime Properties – New York Real Estate in Albany and Syracuse, NY #todays

#coldwell banker mortgage


More than any other real estate company in New York, Coldwell Banker Prime Properties has made a commitment to ensure the success of our agents in their effort to match the right home, to the right buyer, for the right price.

Coldwell Banker Prime Properties – New York Real Estate in Albany and Syracuse, NY. Find homes for sale and real estate agents using our real estate search engine.

New York real estate agency servicing Albany. Aplaus, Altamont. Amsterdam, Averill Park, Ballston Lake, Ballston Spa. Berlin, Berne, Bethlehem, Bolton Landing, Brainard, Burnt Hills, Buskirk, Castelton, Clifton Park. Coeymans, Cohoes, Colonie, Corinth, Delanson, Delmar. Duanesburg, East Berne, East Greenbush. East Schodack, Feura Bush, Galway, Gansevoort, Glenmont, Glens Falls. Glenville. Guilderland. Hadley, Hoosick Falls, Johnsonville, Kinderhook, Knox, Lake George, Latham. Loudonville. Mechanicville, Nassau, Niskayuna. Queensbury. Ravena, Rensselaer, Rotterdam, Round Lake, Saratoga Springs. Schaghticoke, Schenectady. Schodack, Schuylerville, Scotia. Selkirk, Slingerlands, South Glens Falls, Stillwater, Troy. Voorheesville, Waterford, Watervliet, Westerlo, Wilton. Wynantskill, Syracuse. Fayetteville. Liverpool. Clay. Camillus. Cicero. Oswego. Rome. North Syracuse, Oneida. Onondaga Hill. Salina. New Hartford NY and other areas of New York with real estate and homes for sale.

Data provided by Capital Region Multiple Listing Service, Inc. (CRMLS)

Data provided by Central New York Information Service, Inc. (CNYIS)

Data provided by Mohawk Valley Association of REALTORS® (pka GURBR)

Some of the listing information contained herein has been provided by WCARMLS.

Data provided by Columbia Greene Northern Dutchess MLS Inc.

All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither broker(s), agent(s) nor WhereToLive.com, Inc. shall be responsible for any typographical errors, misinformation or misprints, and shall be held totally harmless.

New Jersey Home Loans #central #mortgage #company

#residential mortgage rates


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We Are Residential Home Funding Corp.

Residential Home Funding Corp. has been in business for nearly 15 years, and it’s that experience that enables us to fund all types of transactions, including basic residential purchases, refinances, investment properties, construction loans, mixed use, and more. We offer a wide array of mortgage products, competitive rates and some of the most talented and dedicated employees in the industry.

Residential Home Funding Corp. Now a Partner of RE/MAX of New Jersey

“We are very excited to be given the opportunity to partner with RE/MAX of New Jersey,” said Rick Riddle, Director of Sales, Residential Home Funding Corp. “I believe our company’s core values and commitment to servicing customer’s real estate needs mirrors that of RE/MAX and together we will deliver a unique and satisfying experience to the customer.”

Residential Home Funding Corp. named a Top Mortgage Employer of 2015

The National Mortgage Professional Magazine has named RHCP one of the Top 60 Mortgage Employers Nationwide!

Residential Home Funding Corp. “Culture and Our People” Annual Company Kick Off

RHF was just recognized as a Top Mortgage Employer in NMP magazine. The annual kick-off meeting theme of “Company Culture and Our People” created a level of excitement and energy, keeping RHF’s employees actively engaged at this awesome event!

Residential Home Funding Corp. is the 66th Largest Mortgage Lender in the United States

Residential Home Funding Corp. is a big mortgage lender that doesn’t act like one. Although we have grown to be one of the biggest lenders in the country and licensed direct lenders in 12 states including CT, DC, DE, FL, GA, MD, NC, NJ, NY, PA, SC, and VA, we treat each and every customer like family. We truly care about your needs, a fact which becomes obvious when you read our testimonials.

The leader in mortgages for such partners as REMAX NJ, AAA NJ, Fraternal Order of Police NJ. EXIT NY, NJ Police Chiefs, Superintendents and Principals Association among others.

FHA Loans

FHA loans can be used for a home purchase or a refinance. Easiest type of real estate mortgage loan to qualify for because it requires a low down payment and you can have less-than-perfect credit.

VA Loans

A VA loan is a home loan guaranteed by the U.S. Veterans Administration. VA-guaranteed loans are available to eligible veterans and unmarried surviving spouses who can show entitlement through a Certificate of Eligibility.

Conventional Loans

Conventional loans may be conforming or non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac.

No Money down Loans

FHA Mortgages may be the right choice for you. Backed by the Federal Housing Administration, FHA loans are available to borrowers with less than perfect credit and give options to many who thought they would never qualify for a mortgage loan.

Reverse Loans

A reverse mortgage enables homeowners 62 and older to convert part of the equity in their homes into cash without having to sell the home, give up title, or take on a new monthly mortgage payment. The homeowner continues to pay insurance and taxes, live in and maintain the home.

Home Rehabilitation Loans (203K)

FHA 203k loans are designated for houses that are damaged or sorely in need of rehabilitation. The loan covers not only the cost of the property, but also the cost of necessary home repairs.

Mortgage Branch Opportunities

Residential Home Funding Corp. is a leader in providing branch managers, mortgage brokers and top originators the opportunity to manage their operation as a full service mortgage banker with a complete in-house product line.

Jumbo Loans

Loan product that doesn’t conform to Fannie or Freddie guidelines. Higher loan balances. Non Fannie Mae approved condominiums and Co-ops. Specialty loans such as ARMs and no PMI options. Great Fixed Rates!

Loan Officer Opportunities

Mortgage brokers and originators agree that Residential Home Funding Corp. provides the best affiliate branch opportunities for them to realize income and to manage their own branch office. As a direct-endorsed FHA/VA Lender, we offer our branches a full mortgage product portfolio.

Terms & Conditions

Minimum credit scores and maximum loan limits apply. Not all applicants may qualify. Equal Housing Lender. Some products may not be available in all states. Credit and collateral are subject to approval. This is not a commitment to lend. Program, rates, terms and conditions apply.

Licensed Mortgage Banker. CT, DC, DE, FL, GA Residential mortgage License – #23969, MD, NC, NJ Dept. of Banking & Insurance, NY Dept. of Financial Services, PA Dept. of Banking & Securities, SC and VA Banking Depts.

*Terms and conditions are subject to change. May not be available to all borrowers and eligibility varies based upon borrowers financial situation.

New Hampshire Housing Finance Authority – Mortgage Calculators #mortgage #programs

#house mortgage


Mortgage Qualifier Calculator

About New Hampshire Housing

New Hampshire Housing promotes, finances and supports affordable housing so hardworking Granite State residents can live where they work and play.

Specifically, the agency offers safe, fixed rate mortgages to low- and moderate-income homebuyers, it provides rental assistance to low-income families and individuals, and it finances the development of quality, affordable rental housing in New Hampshire.

For more information about New Hampshire Housing, visit www.nhhfa.org.


New Hampshire Housing Finance Authority Mailing Address
PO Box 5087
Manchester. NH 03108
Bedford Office:
32 Constitution Drive
Bedford. NH 03110

CENTURY 21 New Millennium #mortgage #rates #news

#century 21 mortgage


Mortgage Information

We offer experience, expertise and professionalism that translates to highly competitive financing.

Professional and distinguished leader in the industry

Outstanding quality service

Courteous, knowledgeable, experienced and dependable staff

Committed to protecting clients’ interests and investment

Exercising great attention to detail

Experienced experts in the mortgage industry

Located in every CENTURY 21 New Millennium office

Provide professional assistance seven days a week

Guarantee to design a loan program suited to the client’s desires

We provide an exciting array of financing options, designed to fit your pocket book, lifestyle, dreams and financial goals:

VA, FHA and Rural Development loans

First time homebuyer programs

Loan programs to accommodate any loan amount

Click the image below to visit our website:

CENTURY 21 New Millennium First County Mortgage. Your best path home!

The services provided by Mortgage are not provided by, affiliated with or related to Century Real Estate Corporation
(or its affiliates) or the CENTURY 21 System.

Mortgage moving to new servicer (Cenlar) who have a mountain of bad reviews online #mortgage

#cenlar mortgage



Wells Fargo to remove all Product Sales Goals for Retail Banking

169 points 64 комментария

Collections 101: You have an account in collections, what now?

13 points 11 комментариев

Landlord offered to cut $50 of rent each month for 6 months if I renew the lease and pay it all in advance, should I go for it or keep at my normal monthly rate?

9 points 14 комментариев

For about 10 years I’ve worked for and small family owned engineering firm. Under the founder everyone would get a substantial 10 year bonus. He handed the company over to his son who promptly cancelled the bonuses while I was just shy of my 10 years, is there anything at all I can do?

3 комментария

Repeatedly denied for new credit cards for ‘fair’ credit despite score improving to 690 from 600 earlier this year. Absolutely infuriating.

6 points 6 комментариев

I’m 20 and I want to buy a car getting a loan

10 points 36 комментариев

I just won $175,500 at the casino. What do I do?

25 points 44 комментария

How do I start my life? (repost)

7 points 7 комментариев

Received a job offer while on business with VP

5 points 8 комментариев

Should I close my Wells Fargo Account?

Cenlar FSB Review – Consumer Finance – Loan Companies in Ewing, NJ – BBB Business

#cenlar mortgage


BBB Accreditation

A BBB Accredited Business since

BBB has determined that Cenlar FSB meets BBB accreditation standards. which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.

Reason for Rating

Factors that raised the rating for Cenlar FSB include:

  • Length of time business has been operating
  • Complaint volume filed with BBB for business of this size
  • Response to 438 complaint(s) filed against business
  • Resolution of complaint(s) filed against business

Customer Complaints Summary Read complaint details

438 complaints closed with BBB in last 3 years | 291 closed in last 12 months

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

About BBB Business Review Content & Services:

Some Better Business Bureaus offer additional content & services in BBB Business Reviews.
The additional content & services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release.
Not all enhanced content & services are available at all Better Business Bureaus.

Professional Affiliations X

Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

BBB Complaint Process

Your complaint will be forwarded to the business within two business days. The business will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the business’s response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

What is BBB Advertising Review?

BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.

What government actions does BBB report on?

BBB reports on known government actions that are relevant to the business’s marketplace dealings with the public.

Thank you for your feedback!

BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

Additional Phone Numbers

Find a Location X

Direct mortgage lender for FHA, VA and HARP home loans – New American Funding #td

#direct mortgage lenders


Simplify Your Home Loan with a Licensed Mortgage Lender

Your home is your biggest investment. It’s important to work with the right mortgage company to protect that investment. When financing your home, you need an experienced, reputable company and an agent who gives you facts, not opinions. You need to find the right loan with a great rate, and you need to get it closed quickly. This is what New American Funding can offer you.

Giving you added security

As an FHA Direct Endorsement (DE) and Government Approved direct mortgage lender, we offer you the safety and security you’re looking for in home financing. We have helped thousands of customers buy a new home or refinance over the last decade, earning us an A rating with the Better Business Bureau.

Taking out the middle man

We’re a direct mortgage lender, not a broker. That means no middle man and no broker fees. We handle the entire loan process in-house from processing to underwriting and finally funding your loan.

Finding the right loan for you

Whether you’re buying a home or looking to refinance, we offer a variety of loan options, including FHA Home Loans, VA Loans, Fixed Rate and Adjustable Rate Mortgages, Conventional Loans, Jumbo Loans, Reverse Mortgages and more.

Ask about our fast, on-time closings

We are an all-inclusive mortgage banker. From origination to funding, our processors, underwriters and funders all work under one roof, creating a cohesive team that enables us to close loans fast.