Everything You Need to Know About Condotel Mortgage Loans
Condotels, a blend of condominium and hotel, have become a popular investment option, particularly in high-tourism areas such as New York City, Miami, and Las
Condotels, a blend of condominium and hotel, have become a popular investment option, particularly in high-tourism areas such as New York City, Miami, and Las
When purchasing a home in New York, finding the right mortgage company is a crucial step. After assessing your financial health, which includes checking your
New York City is known for its iconic skyscrapers, bustling streets, and vibrant neighborhoods. Among its unique real estate offerings, co-op apartments stand out as
For many, owning a home in New York City feels like an unattainable dream due to the high costs of real estate. According to a
Don’t Pass on a Real Estate Transaction Because You Don’t Have the Cash A playwright named Titus Maccius Plautus from the 200s–100s BC is credited
Another year has come and gone, and Real Estate Investors continue to be optimistic as 2023 begins. Purchases in areas of the country where there
Available for Many Real Estate Transactions The first recorded evidence of lending comes from about 3000 BC in Mesopotamia when farmers would borrow seeds and
Rate Hikes Have Changed the Lending Landscape Interest-only loans have been an option for homebuyers and homeowners for many years and they offer several advantages,
Just think about it: a new vacation property in Florida, the perfect spot to rest and relax. You’ve purchased a vacation property as an investment,
Starr Mortgage says the market is leveling out. With interest rates inching higher, the balance has been restored to the housing market. According to redfin.com,
Purchasing real estate can be complex, especially if it’s your first time. There are so many details to figure out, and everyone has opinions on
Just imagine—living the life of luxury in a Miami high-end hotel. But here’s the thing: you own it. Not a timeshare, not a rental, or
Believe it or not….The Millennials (born between 1980 and 1995) are the largest group of home buyers in the current real estate market. This group
About Loans For Foreign Nationals If you’re not a citizen of the United States, don’t assume that it’s too complicated or next to impossible for
Loans for Foreign Nationals It is not as difficult as you may think for a non-American citizen to obtain a loan. There are many mortgage
Not Every Lender Says No to Lending on a Non Warrantable Condo The majority of mortgage lenders will not lend to a non warrantable condo because they
In some cases, traditional loans can create financially burdensome situations for the borrower. Even with proper financing, these types of situations can be difficult on
Condo Hotel = Condotel So what is a condotel? Well, a Condo Hotel = Condotel means it is a condo inside a hotel. Most people
Condo Hotels can be a very profitable piece of real estate. Especially in busy and industrious areas such as New York, this type of property
One of the most common forms of real estate is the standard commercial establishment. This type of property is used for a wide variety of
Some construction projects involve renovating older buildings or transforming existing establishments into new operations. However, in some cases, an individual may desire to have a
When it comes to loaning out money for commercial properties, single-family residences, and condos, most are familiar with the basic formula. Banks and lenders have
Most types of real estate are based on a relatively simple formula: an individual looks to fix up and utilize a property, they convince financiers
It is understandable that individuals who are looking to become homeowners may find it difficult to own their own house without a loan. It is
Financing real estate is a process which encompasses many unique aspects of the legal, financial, and business industries. This multi-faceted process requires organizations that have
So you have got a pre-approval mortgage. That’s a great thing, however, it does not mean that you can now stop monitoring your credit. Whether
Even if you are an experienced home buyer, you may find it difficult to understand and compare home loans. For a first time buyer, this
Houses are purchased to make homes. You may also buy a house for investment or for renting. Whatever the reason is, if you are planning
Finding the right neighborhood, selecting the right property, and deciding a budget – there is so much that new homeowners have to worry about. And
Buying a home is perhaps the biggest financial commitment you will ever make in your life. If you are like most people, you will need
Mortgage loans are legal contracts undertaken by a debtor and a creditor for the financing of the purchase of a property by the former, or
Federal Reserve policy makers have another reason to delay an interest-rate increase after a weak March payroll report confirmed a first-quarter slowdown in the U.S.
Starr Mortgage likes to keep its customers well informed. Part of the way that we do this is by taking note of the current economic
“This year didn’t have many “Cinderella Stories” in March’s NCAA tournament, with perhaps only Michigan State fitting that description. This may have upset many speculative
A Google Study; From saving in January to spending in December, consumers have money on their minds year-round. To research and buy financial products, they’re
After gaining market share in the fourth quarter, the wholesale lending channel is poised for further growth, according to Mat Ishbia, president and CEO of United Wholesale
With a new year comes new beginnings and many are setting their sights on a new home. For the veterans of our country there are
Lower Interest Rates January 2015 started off with a bang as interest rates were significantly lower at 3.9% for a 30 year fixed mortgage. Last
Do you know what your credit score is? Most people don’t, but the Fair Isaac Corp. (FICO) credit score is one of the most important
The Federal Open Market Committee recently met again and released its usual report on the state of the economy – and it’s mostly good news.
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Starr Mortgage Company, Inc
NMLS # 17787
Established in 2004, Starr Mortgage Company, Inc has quickly become a benchmark in the residential and commercial mortgage industry. Our headquarters is located in Nyack, New York, in the historic Hudson Valley Region, however, our area of influence and expertise goes well beyond Rockland, Bergen, and Westchester Counties. We arrange loans (for all property types) throughout all 5 boroughs of New York City as well as Nassau and Suffolk Counties on Long Island. Our license also extends to both New Jersey and Florida.