One of the most important—and complicated—steps that homebuyers must make is applying for a mortgage. A mortgage is a legal agreement regarding the home loan. It assures the bank, or any other lender, that the homeowner will repay their loan. Applying for a mortgage...
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Mortgage
What you need to know before refinancing your mortgage
Lower interest rates this spring have many people thinking about buying a new home – or refinancing their current mortgage. When rates dropped at the end of March, many people rushed to refinance while rates were so low. But before you hurry to refinance, stop to...
What is a non-recourse loan?
Buying a home or any other piece of real estate is a huge investment for a family or an investor on Long Island. In fact, all but the very wealthiest New York state residents will need to take out some sort of loan to acquire even a modest property. As a result, the...
Thinking about lying on your mortgage application? Think again
When it comes to important life events, the line between what is true and what you wish were true can get blurry. For instance, if you want a job, you might overstate your abilities in certain areas on an application; if you're looking to meet a partner online, you...
Applying for a mortgage? 3 things that could get in the way
Applying for a loan to buy a house can be a much more difficult process than people expect. It typically involves evaluating a lot of information and scrutinizing your fiscal fitness for such a sizable loan. While factors such as a solid credit history and stable...
How to get rid of a federal tax lien
Paying taxes in New York can be a burden, but not paying them can lead to serious consequences. One way that the government will attempt to secure payment from you is by placing a federal tax lien on your property. We at the Law Office of Louis D. Stober, Jr., can not...