There’s one simple rule you need to listen to when you’ve applied for a loan: DO NOT CHANGE YOUR CREDIT PROFILE. Whether you’re refinancing or purchasing, there is no easier way to cause problems for your mortgage loan officer, your bank, and the approval of your loan than to play with your money too much. … Continue reading »
Mortgage Rates Continue to Rise
It had to end sometime. This year’s historically low mortgage interest rates, at least for the time being, have come to an end. Rates have continued to rise for the 3rd week in the row, now passing 4% (for a conventional 30-year fixed-rate loan) in Connecticut and 3.74% nationally. What does this mean? Interest rates … Continue reading »
It’s Time To Buy Real Estate
Over the past few years we at the Hamad Law Firm, LLC, have watched as the real estate market – both residential and commercial – plummet from its heights to lows we never thought we’d see. As you might imagine – and might be experiencing – this has scared away prospective property purchasers. Homes and … Continue reading »
Some Frequently Asked Real Estate Questions
There are some questions that just get asked all the time. Rather than writing a full article on each, I’m just going to give some quick responses today. Q: How Long is the Real Estate Closing Process A: Well this depends – and for the most part, it doesn’t depend on the closing attorney. The … Continue reading »
Save Some Cash by Taking Cash
By Attorney Daniel Hamad Though mortgage rates have gone up over the past few months, we’re still seeing rates that are some of the lowest that have ever been available. A 30-year fixed mortgage is still available in the low 5% range, and a 5/1 ARM may be as low as 4%. This has been … Continue reading »
Go from Upside Down to Right Side Up (Part II): The Short Sale
In Part I of this article we discussed Loan Modifications and Payment Plans. Let’s now move on to Short Sales and Sales of property in general. When selling a piece of property it behooves you to get a real estate attorney. In Connecticut nearly all purchasers are going to have attorneys, so you don’t want … Continue reading »
Go from Upside Down to Right Side Up (Part I): The Introduction & The Loan Modification
Over the past few years we’ve seen the housing market go from bad to worse. Foreclosures are up, values are down, and homeowners are wondering when the next shoe is going to fall. Have you had your house appraised lately? In most cases, that value is going to be considerably lower than it was when … Continue reading »
• Experience & Expertise
• Personalized Service
• Quick responses
• Fees tailored for you
• Accurate Work
• Local to Connecticut & New York
• Free Consultations
