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Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?

When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the difference between them can ensure you get the right product for your financial goals. Fixed-Rate Mortgages Fixed-rate mortgages (FRMs) are just as their name suggests - loan with a fixed interest rate, a rate that never changes over the course of the mortgage. The obvious benefit of this type of loan is that your monthly payment, as well as your inte...

August 15th, 2018 | Purchasing a Home, Fixed Rate Mortgages, Adjustable Rate Mortgages, Refinancing a Home, Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?

Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out. What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the interest upfront on your home loan. One point is equal to 1% of your mortgage amount. For example, one point on a $100...

July 18th, 2018 | Purchasing a Home, Interest Rates, Should I Pay Mortgage Points?

4 Things Every Borrower Needs to Know About Mortgage Brokers

Buying a home in New York, whether for the first time or the last, is an exciting event. Yet before you even take a look at a single home for sale, it is a smart idea to have your mortgage financing lined up. While it is possible to get a home loan directly with your local credit union or bank, the most common mortgage-makers are mortgage brokers. If you are ready to apply for a home loan, here are 4 things you need to know about mortgage brokers before starting the process. A broker is a middleman Mortgage brokers act as go-betweens for you and many different potential lenders. Instead o...

June 20th, 2018 | mortgage brokers, 4 Things Every Borrower Needs to Know About Mortgage Brokers

Happy Halloween 2017

All of us at Fairview Mortgage Corp. would like to wish you and your family a safe and happy Halloween.Thank you for being such a valued partner or client.

October 30th, 2017 Happy Halloween 2017

Protecting Yourself from the Equifax Data Breach

As has widely been reported, Equifax, one of the 3 credit major credit reporting bureaus was hacked and 143 Million people's personal information including SSN, birthdate, credit card numbers and more were lost. That means roughly half of the people in the United States are affected. So, what now? Here are a few helpful things that you can do.1. Enroll in Equifax's indentity protection programEquifax is offering a free year of Trust ID, their identity theft protection program. But, be aware: enrolling in the program prevents you from participating in a class-action lawsuit ag...

October 2nd, 2017 Protecting Yourself from the Equifax Data Breach

Michael Cincotta | Phone: 516-541-6700 | Fax: 516-541-6438
378 Willis Ave, 2nd Floor, Mineola, New York 11501
Only Licensed in NY, NJ

Fairview Mortgage Corp located at 378 Willis Ave, 2nd Floor Mineola, NY 11501 is a Registered Mortgage Broker - NYS Department of Financial Services License #A004914, NJ Licensed Residential Mortgage Broker - Licensed by the NJ Department of Banking and Insurance #L060606, NMLS#5936

All loans are arranged thru third party providers