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Get the guidance you need!
Get the guidance you need!
I am a mortgage professional with 15 years of experience originating, processing, underwriting, and closing thousands of loans across a wide range of scenarios. Having worked on every side of the mortgage process, I understand what borrowers, loan officers, processors, underwriters, and closing teams need to get a loan from application to closing as smoothly as possible.
Whether you're buying your first home, refinancing, investing in real estate, or simply exploring your options, my goal is to help you understand the process, avoid common pitfalls, and make informed financial decisions. I believe an educated borrower is a successful borrower, so no question is too small or too complicated.
Please reach us at jasonstandfastconnect@gmail.com if you cannot find an answer to your question.
Mortgage rates are based on market pricing. We will need a full application to determine your specific profile and product needs. Please book now!
Your payment consists of principal and interest depending on the amount of loan you need and the rate. Additionally, we will likely include 1/12th of your property taxes and homeowner's insurance in your monthly mortgage payment. If you put less than 20% down toward the lower of the purchase price or appraised value of the home you're financing, you will also have mortgage insurance (either private or government). If you purchase a condo, co-op, or a property with a homeowner's association, your HOA dues/monthly maintenance will not be included in your mortgage payment, but we will consider the amount in your housing expense when qualifying you.
We can answer that together, but here's a brief overview: It will be based on your gross income if you are a wage earner (and the gross income of any other co-borrowers you will include). If you are self-employed, it can be based on either your net income plus non-cash deductions OR alternative documentation like business bank statement deposits, profit and loss statement, etc. The monthly payment of the house you're financing plus all debt that will show up on your credit (credit cards, personal loans, car leases and loans, personal mortgages, etc.) plus any non-disclosed debt like other properties you own, child support/alimony, and so on then need to be 40-50% of your gross or net income monthly.
With a full income qualification you can put as little as 3% down in NY. Closing costs in our state can vary greatly from 3% (think a co-op or low cost, low property tax home) to 6%+ (mansion tax, NYC mortgage tax, Peconic Bay Tax, high taxes in your escrow account). Down payment assistance and closing cost assistance are strategies we can explore depending on your profile.
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