When you are going to buy a home and seek a mortgage, you will have many options and ways to finance the home. You must think carefully and look at various terms, percentages, and payment plans. You can also choose between a fixed-rate mortgage (FRM) or an adjustable-rate mortgage (ARM). Each type of loan comes… [Read More]

Many residents in the United States struggle to save enough money to afford a home. Some strive to put aside fund every paycheck to support the costs. Offering a bigger down payment for a home may help you qualify for financing programs and obtain better mortgage rates. However, some cannot seem to save enough to… [Read More]

Created during World War II to help Veterans and their family achieve the American Dream, VA loans can offer 100% financing for those who served our country. This is a government-backed mortgage program, under the oversight of the Department of Veterans Affairs (VA). There are wonderful benefits with this loan program, and Professional Mortgage Solutions… [Read More]

Conventional loans are a type of mortgage used in the private lending market. This kind of loan is not backed by public government agencies. A company may be more flexible in the terms and approval process for a conventional loan. For this reason, you may be able to get a more competitive rate. Professional Mortgage… [Read More]

Professional Mortgage Solutions in Rego Park, NY supports many clients in buying their dream home. If you seek to take out a larger mortgage through a jumbo loan, then contact our offices for more information. If you want to buy a larger home, then the rising cost of homes may mean you will need to… [Read More]

Professional Mortgage Solutions in Rego Park, NY supports many clients in buying their first home with an FHA Loan. Also known as an “FHA-Insured Loan,” these mortgages are insured by the Federal Housing Administration. The insurance protects lenders in case the borrower defaults. The FHA loan is designed with new homeowners in mind, and features low… [Read More]

Tips for Determining How Much Home You Can Afford Professional Mortgage Solutions in Rego Park, NY works with a diverse array of homebuyers. This week, we are here to share some tips on determining how much home you can afford.  There are many online resources to calculate your costs. We have a great purchase assistant… [Read More]

Professional Mortgage Solutions in Rego Park, NY is here to help break down the difference between traditional mortgages and reverse mortgages in this week’s blog post. If you are an older homeowner, and you are considering lending against your current home to purchase another property, then this week’s blog is just for you. This topic… [Read More]

If you are interested in growing your assets through buying and selling homes, then you will need to prepare a lot of financial documentation to secure mortgages. The team at Professional Mortgage Solutions is here to help all types of buyers close home sales quickly. Investors that fix and flip homes love bank statement loans… [Read More]