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What’s a College Degree Worth?...

What’s a College Degree Worth? Top paying college majors earn a whopping $3.4 million dollars more than the lowest paying majors according to recent stats released by Georgetown University. Among the winners are college degrees in STEM (science, technology, engineering, and mathematics), health, and business.  These degrees have average annual wages of $37,000 or more […]

Three Things You Can Do to Better Prepar...

Three Things You Can Do to Better Prepare for College Expenses In the last 10 years, students themselves have gone from paying 30% of college costs, to paying close to 50% of their own college costs.  This has resulted in driving up the outstanding student loans in the US from $350 billion to a staggering […]

TRID – Loans NOT Covered By TRID D...

TRID – Loans NOT Covered By TRID Disclosures What Disclosures Are Used For Loans Not Covered By TRID? Creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form for reverse mortgages, HELOCs, mobile home or other non-attached dwelling loans and others NOT covered by TRID. Housing assistance loans for low- […]

TRID – Refunds: If Your Loan Excee...

TRID – Refunds: If Your Loan Exceeds Your Estimate Whats Refunded If My Loan Is Higher Than My Estimate? If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate – beyond tolerance limits for each category – the creditor must REFUND the excess to you no later than 60 calendar […]

TRID – Loans Covered By TRID Discl...

TRID – Loans Covered By TRID Disclosures What Kinds Of Loans Do TRID Disclosures Cover? TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, refinancing, construction-only loans closed-end home-equity loans, and loans secured by vacant land or by 25 or more acres. The rule does NOT apply to Home […]

VA Loans New York...

VA  Loans New York The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.  I’m Nikitas Kouimanis and I am your Manhattan, Brooklyn, and Long Island VA Loan specialist. I’ve worked with many Veterans who have served our country, and helped them take advantage of the […]

Jumbo Home Loans New York...

Jumbo Home Loans New York A jumbo loan is a loan for anything above the limits set by Fannie Mae and Freddie Mac or $625,500. If you are looking to purchase a home in Manhattan, Brooklyn or Long Island that is $625,500 and higher you have reached what Fannie Mae and Freddie Mac have set […]

Welcome Aboard!...

Welcome to our blog, we are going to strive to write informative and instructive posts.

How to Determine Whether Your Loan Offic...

How to Determine Whether Your Loan Officer is Reputable In slower markets, some loan officers may feel pressured to close deals that aren’t in the homeowner’s best interest.  In order to avoid getting into difficult and financially compromised positions with their mortgages, borrowers are well advised to be acutely aware of the signs of a […]

How the Affluent Manage Home Equity to ...

How the Affluent Manage Home Equity to Safely and Conservatively Build Wealth   If you had enough money to pay off your mortgage right now, would you? Many people would. In fact, the ‘American Dream’ is to own your own home, and to own it outright, with no mortgage. If the American Dream is so […]

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