Is There a 3.8% House Seller Tax in the Health Care Bill?

I have been asked this question recently about a possible 3.8% tax which will be put on home sales beginning in 2013. I am not an accountant and give you this information just as a simple answer to the misconception.  Please understand that, when it comes to IRS regulations, you should check with your accountant for the […]

Finance, Real Estate Market Conditions
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Green Fest in Port Jefferson / Green Mortgage Info For You

With our 4th Annual Green Festival in Port Jefferson on June 16th at the beautiful Village Center…..I’ve been thinking GREEN! I want to make you aware of  two loan products that can finance energy efficient improvements to your home, while helping our environment. The first one is a smaller loan that has been around for a few years, but […]

Finance, Green Living, Local News & Events
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What is “QM” And Why Does It Matter?

I am frequently discussing the difference between the PRICE and the COST of a home to my buyers. I want buyers to realize, that the cost of a home is more important to them than the actual price. Obviously, price is part of the cost equation. The other piece, available financing, is also crucial. There will […]

Finance
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3 Housing Trends Emerging This Selling Season

There is absolutely no better time to buy than NOW….but with the improving housing market….buyers are facing many changes.   1. The Competition is Fierce Housing affordability is at record highs, this is due to falling home values and low mortgage rates.  Buyers realize the opportunities and are taking action.  Mixed with sinking inventories of good homes listed for […]

Finance, Local News & Events
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Good Faith Estimate Tip

Here’s a good tip for you on the Good Faith Estimate.  Knowledge is Power!  If you recall, several years ago U.S. Congress tried to protect consumers from a few unscrupulous lenders by requiring all lenders to calculate and disclose the annual percentage rate (APR) you pay on your mortgage loan.  But most homebuyers will learn more by […]

Finance
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3 Important Things A Home Buyer Needs To Know

Very simply put: 1.  YOU NEED TO KNOW YOUR CREDIT SCORE – 640 OR BETTER 2.  YOUR EMPLOYMENT STATUS – EMPLOYED AT LEAST 2 YEARS 3.  YOUR DEBT TO INCOME RATIO –  which is the percentage of a consumer’s monthly gross income that goes toward paying debts.  If you are a home buyer, the first […]

Finance
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