Richard Pisnoy
Why an FHA loan could be the right choice for you. Not about "bad" FICO scores anymore!
For many years, FHA loans were seen as the go-to option for people with lower credit scores or those struggling to make a large down...
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Richard Pisnoy
Sep 233 min read
Understanding Mortgage CEMA in New York State
In New York State, a Consolidation, Extension, and Modification Agreement (CEMA) is an advantageous mortgage option for homeowners...
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Richard Pisnoy
Sep 177 min read
Mortgage brokers: What they do and how they help homebuyers
Key takeaways Mortgage brokers act as go-betweens for homebuyers and lenders, matching borrowers with providers of financing. Brokers can...
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Richard Pisnoy
Sep 32 min read
Too Much Documentation, You Say?
People tend to be surprised by the amount of information that’s needed from a potential borrower. But when you think about it, it makes...
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Richard Pisnoy
Sep 32 min read
No Crystal Ball for When to Lock Your Rate
A rate lock occurs when a borrower agrees with the terms of the loan and requests that their mortgage professional locks the rate. The...
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Richard Pisnoy
Sep 32 min read
Is an Adjustable Rate Mortgage Right for You?
Homebuyers are looking for low interest rates and low monthly payments. So it’s not uncommon for us to receive phone calls from buyers...
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Richard Pisnoy
Sep 32 min read
To Escrow or Not to Escrow
There’s a lot of confusion about why lenders require escrow for taxes and insurance. So here’s a simple way of thinking about it. An...
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Richard Pisnoy
Sep 31 min read
What’s the Rate? What’s the Rate?
We often receive calls and questions like, “What’s your Rate for a 30-year Fixed Rate Mortgage?” or “What’s your rate on a 5-year...
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Richard Pisnoy
Sep 32 min read
Mortgage Technology: Where Are We?
Loan Officer: “I’m going to email, FedEx, or fax you the 20 to 30 page loan application. All you need to do it print it out, sign and...
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Richard Pisnoy
Aug 212 min read
“I Don’t Need a Real Estate Attorney”
“My brother-in-law is a corporate attorney and since he’s not going to charge me, I am going to have him handle the paperwork on my new...
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Richard Pisnoy
Dec 17, 20221 min read
2022 mortgage industry predictions
The second calendar year of the COVID-19-era found those in the mortgage industry making hay while making way for shrinking margins as...
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Richard Pisnoy
Nov 24, 20221 min read
Rethinking lead generation for a post-pandemic world
As margins tighten, text messaging has taken on new importance in mortgage customer prospecting, with some lenders even using it as a...
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Richard Pisnoy
Jun 28, 20221 min read
Refinancing after forbearance? Make sure you know the rules
Millions of American homeowners took advantage of generous breaks that allowed borrowers to skip mortgage payments with no penalty. But...
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Richard Pisnoy
Oct 1, 20211 min read
Home Equity Is Soaring — if You're Tempted to Borrow Against Your Home, Read This First
Home equity is the share of your home that you actually own — the difference between its market value and the money you owe on your...
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Richard Pisnoy
Sep 29, 20201 min read
Mortgage Rate Forecast For Q4 2020
The $64,000 question as it relates to the financial markets and to the mortgage market is who will be our next president,” says Andrew...
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Richard Pisnoy
May 4, 20201 min read
Richard Pisnoy quoted in a Bankrate article entitled, "Coronavirus is changing home appraisals — and some borrowers don’t need them at all."
Richard Pisnoy, co-founder and principal at Silver Fin Capital, a mortgage broker in Great Neck, New York, says he has seen a marked...
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Richard Pisnoy
Apr 4, 20201 min read
Richard Pisnoy quoted in MoneyWise about how to get super-low mortgage rates
Rich Pisnoy, a partner in Silver Fin Capital, was quoted throughout an article which appeared in MoneyWise April 4, 2020 entitled "How to...
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Richard Pisnoy
Jan 20, 20201 min read
With no loan limits and easy requirements, VA loans are more popular than ever
Andrew Weinberg is principal of Silver Fin Capital Group. He says a VA mortgage is very popular today because we simply have more...
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Richard Pisnoy
Jan 17, 20201 min read
Mortgage Rates Hold On at Lowest January Levels Since 2013
"Homebuying and borrowing usually take a breather around the holidays and into the new year, but not this time," says Richard Pisnoy, a...
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Richard Pisnoy
Apr 2, 20193 min read
'Can I Refinance While Buying a Second Home?' Here Are the Mortgage Rules
As a buyer and a seller, you may be asking, "Can I refinance while buying a second home?" Maybe you've found a property that will be a...
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