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A Consumer's Guide To Mortgage Lock-Ins

(9/13/2003)

When you're looking for a mortgage, you're likely to shop among lenders for the most favorable interest rate, and the lowest points and other up-front charges. When you find the most favorable terms and the lender that you want, you'll apply to that lender. But when you get to settlement, will you actually receive the terms you applied or bargained for? Or will you find that the rate has changed - and that your costs have gone up? Lock-ins on rates and points might offer you a way to ensure that what you shop for is what you get. This page explains what these arrangements mean.

A Consumer's Guide To Refinancing Your Mortgage

(9/13/2003)

If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. But perhaps you bought your home when rates were higher. Or perhaps you have an adjustable rate loan and would like to obtain different terms.

Buying a Condo

(12/6/2003)

Buying a condo is like a buying a single-family home that sits inside a building. You own the apartment plus a percentage of the building's common areas.

Closing Your Mortgage Loan

(9/13/2003)

Once your application for a mortgage loan has been approved and you have received a commitment letter from the lender, the final step before you can call the house your own is the closing, or settlement, of the purchase transaction and mortgage loan.

Construction and Land Loans

From Construction Loan to Mortgage Loan…

(9/16/2003)

No one can handle construction and land loans like Manhattan Mortgage. We have the expertise to guide you from purchase of the land to completion of your new home, with a down payment as low as 10%.

Deducting Your Mortgage Interest Under the Tax Code

(9/13/2003)

One of the best justifications for owning a home, at least for financial reasons, is the tax savings that result from deducting mortgage interest.

FINANCING YOUR 1 - 4 FAMILY HOME

Let rental income cover your monthly mortgage costs! Lock in a low, wholesale rate now.

(9/16/2003)

Why are single-family and 2 - 4 family homes such attractive investments?

For Ninth Year in a Row, Melissa Cohn Recognized as Top Mortgage Broker

(4/8/2005)

For the ninth year in a row, Melissa Cohn, owner and CEO of Manhattan Mortgage Company, has been recognized as a top residential mortgage broker in America.

How Much Can You Qualify For - Self Test

(9/13/2003)

Imagine you have just completed a search that included hundreds of hours of looking at the exteriors and interiors of houses. You have sized up siding, reviewed roofing and perused the petunias. And finally, you have found the house of your dreams. Now imagine that this house of your dreams costs much more than you can afford.

How To Save Half On Interest Costs

(9/13/2003)

Save $100,000 on mortgage interest costs! Sound impossible? Not really. An old-time mortgage that is once again proving popular allows homebuyers to so just that.

How To Shop For A Mortgage

(9/13/2003)

With dozens of competing lenders and mortgages to choose from, you may think that today's home loan market is terribly confusing.

If Your Mortgage Loan Application Is Rejected

(9/13/2003)

The joys and anticipation of owning a new home are sometimes crushed when the application for mortgage financing is turned down by the lender. If your loan request has been denied, you should understand why the loan was denied and what steps you can take to correct the problem or make sure that it does not happen again in the future. The following information helps you understand the most common reasons for loan denials and corrective measures you can take, and it describes some alternatives that exist especially for low and moderate income home buyers.

Managing Your Mortgage

(9/13/2003)

Melissa Cohn Offers Mortgage-Shoppers Good Advice

By: The New York Times

(6/15/2004)

With interest rates at historic lows, consumers are facing a seemingly ceaseless barrage of breathless offers for mortgages, home equity loans and equity lines of credit from mortgage bankers, mortgage brokers and online lenders.

Melissa Cohn Selected to be "NY Times" Panelist

(6/14/2004)

Melissa Cohn, owner and CEO of The Manhattan Mortgage Company, was selected by "The New York Times" to be a panelist on the topic "New York Real Estate: Are There Any Deals Left?" part of the ongoing "New York Times" Speaker Series program.

Money & the Mind

Bottom's Up

By: Daniel Gross

(8/10/2004)

Super-low interest rates made us brave spenders, hid the recession, and even helped keep political peace. But good-bye to all that.

Money: Magical New Mortgages

One-size-fits-all mortgages are being replaced by financing that's increasingly customized to meet home buyers' needs

By: Daniel McGinn

(8/10/2004)

Newsweek

June 14 issue - The Federal Reserve is expected to raise interest rates this month-but for home buyers, that seems like old news.

Mortgage Borrowers Play a Bettor's Game

By: Will Swarts, TheStreet.com Staff Reporter

(5/30/2004)

With the economy facing a Fed tightening cycle, why is a growing percentage of prospective homebuyers gambling on adjustable-rate mortgages?

Mortgage Insurance - Frequently Asked Questions

(9/13/2003)

Negative Pledge Financing

Finance Up to 80% of Your New York Co-op Now!

(8/16/2005)

No Income

(9/16/2003)

Do you need financing but your income is difficult to substantiate? Or you just don't want to be bothered with all the customary bank documentation?

Manhattan Mortgage has the answer for you! A No-Income Verification loan!

PMI's Lowering Your Down Payment

How To Buy the Home You Want

(9/13/2003)

Mortgage insurance (MI) allows you to choose from a wider price range of homes. How? Lenders are generally willing to accept a lower down payment than the standard 20% if the lender obtains mortgage insurance on your loan through a mortgage insurance company.

Refinancing Your Mortgage

Don't Miss a Great Chance to Refinance!

(9/16/2003)

Shortening your loan term, lowering your monthly payments, replacing your adjustable-rate mortgage, consolidating credit card debt, paying education costs, making home improvements...are all great reasons to refinance your mortgage now with Manhattan Mortgage Company.

Transferring A Loan Between Lenders

(9/13/2003)

When you take out a mortgage with a mortgage company or a bank, there is always a possibility that the lender will sell or transfer the servicing of your loan to another institution.

Understanding The Loan Application Process

(9/13/2003)

Buying a home may be the most exciting, confusing and stressful financial transaction you ever undertake. Even if you have done it several times you can still find the process complicated and intimidating, particularly when it comes to getting a mortgage loan.

What Happens After You Apply For A Mortgage?

(9/13/2003)

Scientists who study and measure human behavior find that buying a home is one of the most stressful experiences of our lives. Contributing significantly to this anxiety is waiting for the mortgage to be approved.

When Your Debt Exceeds Your Home Value

(9/13/2003)

One option to consider is called a short pay off. Chris Colvin offers this Q&A on short pay offs.

Why Mortgage Escrow Accounts?

(9/13/2003)

Mortgage escrow accounts have been in the news lately and seem to be greatly misunderstood by many consumers. The original idea behind mortgage escrow accounts was to protect the interests of homeowners and they have been serving that purpose for more than 50 years.

What The Media Is Saying