I have noticed that many first time home buyers come to me confused by the various First Time Home Buyers loans in Acquebogue New York, that are available to them for financing their first home.  This is just the tip of the ice berg as there is so much industry-specific terminology to learn and understand that the home buying process can be very intimidating to most new comers. Find out the 7 things you should not do when applying for a home loan click I will try to explain in this article the most common First Time Home Buyers  in Aquebogue New York so that you might better understand the options and requirements more clearly.  As always I am available as a reference if you have more specific questions about how these specific programs might get you your new home. Conventional Loans ar... 02/16/2013

Who Should Consider a Reverse Mortgage in Aquebogue New York? Reverse mortgages in Aquebogue New York are a convenient way for senior citizens to get the money they need. They allow seniors to use the equity they have in their homes to borrow money. But unlike a traditional mortgage or home equity loan, they are not required to make monthly payments until the loan is paid in full. The loan is not due until the homeowner moves, sells the house, or dies.   A reverse mortgage usually leaves the recipient’s estate owing money when he passes away. In most cases, the house must be sold to repay the loan. The remainder of the money goes to the deceased’s estate. Because of this, a reverse mortgage may not be a good idea if you are intent on leaving your home to your children or other heirs.  ... 02/13/2013