4 Reasons You Don’t Want to Pay PMI

Years ago, a 20% down payment was a requirement for obtaining a mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of foreclosure. However, in more recent years, lenders have gotten much more creative in financing to help more Americans become homeowners. There are now mortgage loans that require as little as 3% down up front. In order to compensate for that added risk of loss, lenders require and borrowers with a down payment of less than 20% to pay for pri...

June 7th, 2018 | First-time Homebuyers, 4 Reasons You Don’t Want to Pay PMI

Couple applies for a mortgage, you wont believe what happens next!

Just kidding.  It's pretty simple, they either were approved or they weren't.  More often then not people are unfortunately ignorant when it comes to their financial standing. It's 2015, ain't nobody got time for that anymore. Solution? Talk to a mortgage professional BEFORE looking around with Real Estate Broker.  Why? Knowledge = Confidence Knowing what you can afford will help you focus on what you should buy and where. Opportunity, meet Preparation. Your broker will take you more seriously if you have a pre-approval...

February 17th, 2015 Couple applies for a mortgage, you wont believe what happens next!

New York Law School Real Estate Networking Group Launch Event

Last night I had the pleasure of attending a panel discussion hosted by Rory S. Clark with Adrian Zuckerman, Ronald Lo Russo, and Monica Blum at New York Law School. I have to tip my hat to Mr Clark and to whomever else was responsible for putting this event together as the intimate environment allowed for an interesting and insightful discussion. Everything that one might expect to have been spoken about was brought up and discussed: De Blasio Affordable Housing Foreign Investment Gentrification Development Business Improvement Districts What I particularly e...

February 4th, 2015 New York Law School Real Estate Networking Group Launch Event

Welcome NYME to the Blogosphere

When Eugene Volynets opened New York Mortgage Exchange in April of 1990, the Hubble Telescope had just been placed in orbit, the Celtics dropped 157 points on the Knicks, and the interest rate on the 30 year fixed was around 10% Twenty-four years later, the Hubble is on its last legs, the Knicks! (knock on wood), and FreddieMac’s Dec 2013 ~4.5% rate is supposedly a sign that the market is stabilizing from the worst crisis since the Great Depression. In 1990, Eugene’s son was 5 months old, and today, he is writing this post. My father has always believed...

February 3rd, 2014 Welcome NYME to the Blogosphere

Welcome to our New Blog

Check back over the next few weeks to see what is happening in the mortgage industry and how we can help you lower your monthly mortgage payments.

July 2nd, 2013 Welcome to our New Blog

Pages: < Previous 2 3 4 5 6 7

New York Mortgage Exchange

369 Avenue X
Brooklyn, New York 11223
Phone: 718-339-3600
Fax: 718-339-3655
NMLS: 93848


New York Mortgage Exchange (NMLS# 93848) located at 369 Avenue X, Brooklyn, New York 11223 is a Registered Mortgage Broker - NYS Department of Financial Services License A000701. Licensed Mortgage Broker NJ Dept of Banking & Insurance # 303170.

All loans are arranged thru third party providers.