MORTGAGE CALCULATOR NYC UPGRADE

may be obtained by contacting the NYS Department of Financial Services Consumer Assistance Unit at 1-80 or by visiting the Department’s website at: loans are mortgages insured by the Federal Housing Administration, the largest mortgage insurer in the world. The information you are requesting and/or the nature of your complaint.Īs a National bank, Community Bank is not required to nor are we registered as a mortgage servicer with the NYS Department of Financial Services.Ĭomplaints may be filed and further information about Community Bank, N.A.Your name, mortgage or home equity account number and address.If you would like to request information or submit a complaint relating to the servicing of your account, please notify us in writing using the steps below: You can pay your loan via your online banking account, stopping into any branch, or call 1-80. Need assistance? Call your Mortgage Banker at your local branch office and he or she will be happy to assist you. Sure, you can mail us your payment if you prefer, but you can also come in and see us every month and make your payment right at your local branch office. We're your neighbor, mortgage lender and personal banking resource. Speak with a mortgage loan officer for details.)Ĭontact one of your local mortgage specialists here. (Some conditions and restrictions may apply. Loan-to- value ratio is 80% with fixed-rate options up to 15-year terms.

Single-wide loans are available for single-wide homes on your own land. Speak with a mortgage loan officer for details.) Purchase with as little as a 5% down payment a variety of monthly repayment terms are available.

Vacant-land loans can be used only for purchasing land.ĭouble-wide loans are secured for home financing assistance of double-wide manufactured homes on owned land. Fixed-rate options are available with loan-to-value ratio as high as 75%. Vacant land loans are available for either “raw land” or a buildable lot. USDA loans are 100% financed in USDA-eligible areas. Ideal for fixer-uppers, construction loans are payable only to approved contractors.īi-weekly loans reduce interest costs by adjusting payments to a bi-weekly schedule.Īffordable housing programs include the no closing cost mortgage, HomeReady, and United States Department of Agriculture (USDA)-sponsored loans. If you plan to use the property primarily as an investment, stricter qualification rules may apply.Ĭonstruction loans can help you afford to build a new home or undertake significant remodeling jobs. You generally will need a larger down payment, ranging from 10% to 20% of the purchase price. Mortgages for second homes are available to those who are interested in that home away from home. The loan-to-value ratio is available up to 90% based on borrowed amount. Jumbo mortgages are designed for higher-value properties and are offered in fixed-rate options. You can refinance for a variety of reasons, including cash-out equity, shorten/extend payment terms, borrow at a lower rate, eliminate mortgage insurance (Certain conditions apply. Mortgage refinancing can help you get more out of your home by restructuring your current mortgage terms. You can also use the extra money to invest in a home improvement project that will help you sell your home for more down the road. For first-time homebuyers, that’s extra cash that can be used to make your new house really feel like home.

MORTGAGE CALCULATOR NYC UPGRADE

Whether your household is expanding or you just want to upgrade your nest, the savings on closing costs can easily add up to thousands of dollars. No closing cost mortgages can save you a great deal in upfront costs on your next home. A variety of monthly repayment terms are available. The predictability of the payments and payment schedule make it easier to pay ahead of your mortgage as well, such as making an extra mortgage payment every year to reduce the length of the loan. This is a good loan to lock in when rates are low. You can also lower your monthly payments by spreading them out over a long period of time. With a fixed–rate mortgage, you'll always know what your monthly principal and interest payments will be. They’re often ideal for long-term mortgages and home investments. Fixed-rate loans feature predictable rates and payment schedules for certainty and peace of mind.

Mortgage calculator nyc