First Time Homebuyer Programs

5 bedroom home in Rego Park NY

Professional Mortgage Solutions in Rego Park, NY is here to help great first-time homebuyer programs. The Federal Housing Administration (FHA) offers some great loans tailored to the needs of a new homeowner.  Most of these loans come with low down payment thresholds and an applicant approval process—making buying a home more accessible. If you or… [Read More]

Construction Loans

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Professional Mortgage Solutions provides top notch service for construction loans in Rego Park, NY. In this week’s blog post, we dive into the details of using these loans for home renovation or new construction. Learn all about how the process of using these funds may differ from a regular home mortgage. Construction Loans are Mortgages… [Read More]

Non-Qualified Mortgage Loans

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Non-qualified Mortgage Loans or “Non-QM” Loans may sound odd, but they’re a perfectly viable financial product for an investor to use. Consumer Financial Protection Bureau (CFPB) sets the guidelines for “qualifying” mortgage. Non-qualified Mortgages do not follow the strict standards set by the CFPB. There are some great non-qualified mortgage options on the market for… [Read More]

Top Ten Things to do in Rego Park, New York

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Are you looking to move into New York City and one of the Queens boroughs? The Rego Park neighborhood in Queens is among the top best places to live in the city. With ample attractions and schools, it is also family friendly. Rego Park was developed in the 1920s and remains a rich cultural community…. [Read More]

How Much Home Can I Afford Making $75,000 per Year?

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You may be surprised to learn that owning a home could be more affordable than you think on your annual income. Though you will need to be careful and do your homework, there are a variety of ways to make homeownership possible. However, for expert advice, you should check with a professional. Each person’s situation… [Read More]

Conforming Loans

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If you’re looking to get approved for a great mortgage in the Rego Park, NY area, then talk to the staff at Professional Mortgage Solutions. When you set out to find your dream home, you will need to understand the various mortgage programs available and compare rates. It is also important to understand whether your… [Read More]

Cash-Out Refinancing

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Cash-out refinancing is a type of loan used to cover needed home repairs, pay down debts, or fund other major life expenses such as college. Your cash will come from borrowing against the equity that is currently in the home you own. It is important to learn the best time and way to use cash-out… [Read More]

VA Loan Certificate of Eligibility

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Administered by the Department of Veteran’s Affairs, VA Loans are a home mortgage program with a lot of perks. If you qualify, then your dream of homeownership may be closer than you think. Before you can obtain a VA Loan, you must go through several steps to ensure that both you and the home you… [Read More]

Homestyle Renovation Loans

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Are you in need of home repairs and looking for a source of financing? There’s an array of ways to pay for your needs: lines of credit, in-store financing, or home equity loans are some examples. Today we are here to tell you about another type of financing called a Homestyle Renovation Loan. This loan… [Read More]

Working With a Mortgage Broker vs. Lender

5 bedroom home in Rego Park NY

The course of securing a home loan can be very tedious. One must know how to negotiate and navigate the various policies and programs available. During this process, you can choose to work with a lender directly. You can also choose to work with a broker who acts as an intermediary between you the banks…. [Read More]