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Mortgage and Lending - Dominick gaccino
With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed. No one wants a yes man who just says they can get deals closed.
RECENT BLOG POSTS
I have a realtor i work w here in NY that owns a prop in AZ   He contacted me looking to refinance...................sad to say im not licensed in AZ   I contacted a fellow AR member who is licensed in AZ and he is going to be able to help my friend out   now i may not get the deal but that realt...
03/03/2009
3 Comments
Great Prime based commercial loan product *       The payment will be fixed for 12 months and adjust only once peryear on the anniversary of the loan.  *       The interest rate assessed on the loan will be adjusted witheach change in the Lenders Prime Rate.  *       Any over or under payment of ...
10/13/2008
1 Comments
In many ways, your house is like a savings account.  If you have discipline and knowledge regarding the benefits of refinancing, you can tap into its equity for years to come.  There are many reasons you might want to refinance and most people fit into one (or more) of the basic categories.   Con...
09/14/2008
I am hearing that new counties may be added to lenders & MI companies declining market lists.  This means All agency loans will get a 5% LTV reduction.  Inform high LTV borrowers (over 90 LTV) to LOCK or they may not be able to get a loan; Period.     Counties currently considered declining by so...
08/29/2008
The Housing and Economic Recovery Act of 2008 goes into effect on October 1, 2008. As part of this Act, Congress placed a one year moratorium on risk based mortgage insurance premiums on FHA loans. Under the risk based  premium structure that HUD put into effect on July 14, 2008, borrowers with b...
08/29/2008
2 Comments
Why Use a Broker? Independent mortgage brokers have had a significant positive impact on the lending industry. Over 50% of the mortgages in the US are originated by brokers.  Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers. Myth = It ...
08/25/2008
Before deciding on what terms lenders will offer you on a loan (which they base on the "risk" to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, they look at your income-to-debt obligation ratio. For your...
08/13/2008
Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, and don't know how much you want to borrow? When we pre-qualify you, we help you determine how much of...
08/13/2008
2 Comments
I can help with FC   what is basically done is your FC is stopped for 2 years and during that time you pay 1/6 of normal mortgage payment.   once 2 years is up you actually get your home back owing less than what originally owed.   Please contact me and I am more than happy to get you in contact ...
07/08/2008
I've included a link to an article i read on Yahoo regarding the riskiest US housing markets Being from NY i was very glad to see that NY is one of the lowest It was a very good article that i think everyone on active rain should read. http://promo.realestate.yahoo.com/riskiest_us_housing_markets...
07/31/2007
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Dominick Gaccino

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With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed. No one wants a yes man who just says they can get deals closed.