Academy Mortgage Corp.

Wishing All Our Friends & Family a Fun & Safe #halloween #academyhomeloans #mortgage #homes #realestate #longisland

7 crucial facts about FHA loans

Are you thinking of buying your first home? Let the licensed mortgage professionals at Academy Mortgage Corp. answer any question that you have. Call today to schedule your appointment.

First time home buyers? Get pre-approved! Make an appointment today at 516-249-4800

Learn more about the home buying process today! Some helpful tips to prepare yourself? Continue to pay all your debts and loans on time, and save and submit all future pay stubs and bank statements. Learn more on our website!

Is it time to refinance your home? Let us work for you! Call on our experts today for help!

10 tips to have an awesome mortgage in 2018

Let our team of knowledgeable, licensed mortgage professionals assist you in putting together a loan that is custom fitted for you, and your needs. Finding the most inexpensive option is our goal for you!

When the big banks can't, Academy can! Our team goes through all your documents, income, assets and credit, to get the best deal for you! We don't charge you all the fees that the "big banks" do! Call today to learn more!

Academy Mortgage Corp. has a unique approach that you won't find over at the "big banks." We are personable, flexible, and work based on your schedule, because YOU are our most valued asset. Call today for an appointment to know your mortgage options!

At every closing, we give our clients a survey to get feedback on their experience with Academy. So you don't have to take our word on how great we are! Our clients can tell you themselves! So see what some of our past clients have had to say about working with us! http://bankamc.com/testimonials.php

Our N.Y.S. Licensed Loan Officers, Underwriters, and Processors are all on-site, so we can offer an exceptionally personal, fast, and efficient process that is second-to-none. It is this personal touch, and the reassurance it provides, that separates us from other lenders. Let the licensed mortgage professionals at Academy Mortgage Corp. answer any question that you have! Check out Mortgage 101 on our website!... http://bankamc.com/mortgage-101.php See more

Let the licensed mortgage professionals at Academy Mortgage Corp. answer any question that you have! But until you schedule your appointment with one of our knowledgeable Licensed Loan Officers.

At Academy Mortgage Corp., we are personable, flexible and work based on your schedule, because YOU are our most valued asset.

#HomeIsWhereTheHeartIs And if your heart is looking for a new home this #ValentinesDay start the process by scheduling a FREE Consultation at Academy Mortgage. Call: 516.249.4800 or Email: [email protected] #AcademyHomeLoans

Today let's take the time to reflect and honor his vision, his words, his deeds and celebrate the life of the Reverend Martin Luther King Jr. #IHaveADream #MLKDay #WeHonorYou #AcademyHomeLoans

Customer Service Is Job #1 at Academy Mortgage! To read more of glowing reviews of Academy and John Trama, NY Licensed Mortgage Loan Officer, go to: bit.ly/JohnTramaReviews #TheAcademyDifference #AcademyHomeLoans

Customer Service Is Job #1 at Academy Mortgage! To read more of glowing reviews of Academy and Phil Caporusso, NY Licensed Mortgage Loan Officer, go to: bit.ly/ZillowPhilCaporusso #TheAcademyDifference #AcademyHomeLoans

KNOWLEDGE: We are N.Y.S. Licensed Mortgage Professionals, meaning that our LO’s are bonded and insured, we meet the highest standards to put together a well crafted loan, custom tailored just for you. #TheAcademyDifference #Mortgages #LongIsland #AcademyHomeLoans

Happy #wintersolstice also known as Yule, Midwinter, the Shortest Day of the Year & the Longest Night. #TisTheSeason #AcademyHomeLoans #IsItSpringYet

Helping you secure your mortgage needs and real estate goals in a timely and efficient manner is our primary focus. We strive to treat every one of our clients like family because that’s the Academy difference! Please let us know if we’re living up to our standards by leaving us a review: FB: bit.ly/AcademyReviewFB Google: bit.ly/AcademyReviewGoogle

PITI (PRINCIPAL, INTEREST, TAXES & INSURANCE) Learn more mortgage terms at bit.ly/MortgageLingo #MortgageLingo #Mortgage101 #AcademyHomeLoans

HAPPY NATIONAL UGLY CHRISTMAS SWEATER DAY! National Ugly Christmas Sweater Day was started in 2011 by ugly Christmas sweater lovers as a way to lighten up the busy holidays and to show off their absurdly, ugly sweaters. The day has grown in popularity and is celebrated worldwide on the third Friday of December. Try these tips to take the prize this year:... Animal or cartoon characters with a holiday theme are a great starting place. Think reindeer, snowmen, mice, kittens or elves. Select ridiculous colors. The more they clash, the better. Embellish. Scratch that. Over-embellish! Pom-poms, bells, felt, tinsle or any other glittery, jingly items laying around the house. Add a collar, dickey or ruffle. Electrify it! Put Rudolph to shame and go to the head of the team with bright, flashing lights! Give it some 80s flair with shoulder pads. #ChristmasSweaterDay #TisTheSeason #AcademyHomeLoans

Starting to feel like the #holidays #carlyleonthegreen home for #academyhomeloans #holidayparty #letitsnow

Monday Mortgage Lingo: CAPACITY - Your personal capacity will determine what kind of mortgage you can reasonably afford. Learn more mortgage terms: bit.ly/MortgageLingo #MortgageLingo #Mortgage101 #AcademyHomeLoans #Mortgage

Getting a mortgage shouldn't be a FRIGHTENING EXPERIENCE! Let your friends at Academy Mortgage take the fear out of the mortgage process. Schedule a FREE face-t...o-face consultation with our New York State Licensed Mortgage Professionals and you'll see there's nothing to be afraid of after we explain the entire process to you. Call 516-249-4800 or email: [email protected] #AcademyHomeLoans #HappyHalloween #TakeTheFrightOut See more

Congrats to Mario Curcio on his new home (left), seen here with his lawyer Michael Prisco... a past client! Best of luck! John Bernardes & Your Friends at Academy

Great event today at MLS Tech Fair! Good to see so many friends and associates! #mlstf #academyhomloans #LIrealtors #techfair

We're proud to support MLS Tech Fair at Crest Hollow Country Club this Thursday, Oct. 5th! Stop by our booth in the Grand Ballroom to say "Hi" and learn the latest in the mortgage industry, plus pick up your FREE Academy water bottle and more. #mlstf #academyhomloans #LIrealtors

HOW DO YOU TAKE YOUR COFFEE? Celebrate #NationalCoffeeDay with a FREE Cup of Joe when you come to our Farmingdale Office today! While you're there, get a FREE Pre-Approval for the Home of Your Dreams! Call to schedule an appointment 516-249-4800 #AcademyHomeLoans

#NEVERFORGET Take a moment today to reflect, think of and honor those we lost on that horrible day 16 years ago... from those ashes arose heroes. #nystrong #patriotsday #911neverforgotten

Academy Cares: Hurricane Harvey Relief Effort Thank you ALL for the outpouring of donations. The truck is packed and on it's way to help our friends in Texas! - Your Friends at Academy Mortgage #AcademyCares #hurricaneharvey #HurricaneHarveyRelief #LongIslandCares

Thank you for the continued support from the #FarmingdaleFabulousMomsGroup with our #AcademyCares #HurricaneHarveyRelief #LongIslandCares Their response has been tremendous!

Academy Cares: Hurricane Harvey Relief Effort UPDATE Day one of our effort was tremendous! Staff, associates, friends, family and people in the community all stopped by to drop off donations. Please help our cause by donating any of the following items on this link: http://bit.ly/AcademyCaresHarveyRelief We have collection points setup now in our Farmingdale Office (105 Conklin St., Farmingdale, NY 11735) & Hauppauge Office (750 Veterans Highway, Suite 100, NY 11788).... Thank you for all of your help and support. - Your Friends at Academy Mortgage #AcademyCares #hurricaneharvey #HurricaneHarveyRelief #LongIslandCares

Academy Cares: Hurricane Harvey Relief Effort Our thoughts are with all those affected by the tragedy of Hurricane Harvey. The best way for us to show them support is for us to collect much needed supplies, that we’ll ship directly to the areas hardest hit. Please help our cause by donating any of the following items on this link: http://bit.ly/AcademyCaresHarveyRelief We’ll have collection points setup in our Farmingdale Office (105 Conklin St., Farmingdale, NY 11735) & Haup...pauge Office (750 Veterans Highway, Suite 100, NY 11788) starting Tuesday, September 5, all donations must be in by Thursday, September 7 @ 11am. Thank you for all of your help and support, the people of Texas truly need it! - Your Friends at Academy Mortgage #AcademyCares #hurricaneharvey #HurricaneHarveyRelief #LongIslandCares

Private Mortgage Insurance can be costly - call us for help: 516-249-4800

Congratulations to Angela, Juan & Joseph Wust on their new home!!! - Peter Kociuruba & All Your Friends at Academy Mortgage Corp. #NewHome #LongIsland #RealEstate #Mortgage #AcademyHomeLoans

From all of us at Academy Mortgage, we hope you have a wonderful Independence Day filled with family, friends, laughs, love & safety! #4thofJuly #IndependenceDay #LongIsland #LISummer #RealEstate #LIsPremierMortgageBank

Sweet rewards for a job well done! What's even better than the box of cookies is knowing that our clients are happy! Thank you to the Weissmans! #sweetrewards #yummy #nomnomnom #happyclients #academyhomeloans

The most rewarding part of this job is making people's dreams come true by getting them into their dream homes! We're very happy for the Fogartys, congratulations and here's to many years of health & happiness in your new home! - Your Friends at Academy Mortgage Corp.

#HelloSummer It's officially here, days at the beach, nights out dining & the busiest time to buy a house! Get an advantage over others in this competitive housing market this summer by getting Pre-Approved first! #AcademyHomeLoans #LongIsland #RealEstate

Our debt to the heroic men & valiant women in the service of our country can never be repaid. They have earned our undying gratitude, America will NEVER forget their sacrifices. #memorialday #neverforget #wesaluteyou #americanairpowermuseum #vets #academyhomeloans

Congratulations to Aimee, Geoff & family on their new home... couldn't ask for nicer people to work with! Call Academy Mortgage Corp. when you're ready to buy a home! #AcademyHomeLoans #SeasonToBuy

WHICH IS THE RIGHT MORTGAGE FOR YOU? It may take a little time to understand all of your loan choices and figure out which one is the best fit for your situation. Don’t worry, at Academy, our N.Y.S. Licensed Loan Officers are here to help you gain an understanding and knowledge of the types of mortgages that are available and which is the right one for you. Schedule a FREE consultation for a FREE Pre-Approval today, call: 516.249.4800 www.bankamc.com #MortgageLoans #AcademyHomeLoans

How Much House Can You Afford? This article talks about all the factors that go into making a smart financial decision. #AcademyHomeLoans #Mortgages

Terrified to Buy A Home? Your Top Fears Debunked I’M AFRAID I CAN’T AFFORD A HOME Some house hunters are possessed by worries that their entire savings account will get sucked into a black hole if they buy. Then they’ll never be able to afford vacations, or new clothes, or food beyond beans and rice or mac ‘n cheese ever again. The reality: Depending on what and where you’re buying, you’re not likely to drain your savings account.... The best way to determine how financially ready you are to buy a home is to talk to one of our New York State Licensed Loan Officers. For more insight, call the Mortgage Professionals today: 1.516.249.4800 or Schedule a FREE consultation by emailing: [email protected] #HomeBuyers #AfraidToBuyAHome #AcademyHomeLoans

ARE YOU SERIOUS ABOUT BUYING A HOME? Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. See what you NEED to do, click link below! Schedule a FREE consultation for a FREE pre-approval today: 1.516.249.4800 or [email protected]... #SeriousHomeBuyers #GetPreApproved #AcademyHomeLoans

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED #5 Taking a new jobeven a better-paying one No lender is going to be over the moon if you get a new job halfway through the home-buying processit disrupts an already tedious paperwork process. That said, some moves are more OK than otherslike getting a promotion within your company or even making a lateral move to another.... If you’re going to change jobs, as long as the function is the same, it is generally OK. Lenders are less OK with your switching fields. Want to trade in your low-paying journalism job for a lucrative gig as a software engineer? We feel you. But even with a potential pay increase, that kind of switch is seen as too risky to mortgage lenders. You don't have a proven track record of being able to work (and not get fired) as a software engineer. Remember, lenders want to feel good that you can repay the loan. Making changesparticularly to your primary source of incomeisn't seen as stable as remaining in a job long term. Even if you do remain in the same industry, you should beware of switching into a role where your income is largely dependent upon bonuses or commissionseven if your annual income will end up being higher than your current position. Lenders can't see what you haven't earned yet, and they'll factor that into your mortgage approval. Overall, the best thing you can do is lie low until you've closed. If you do need to make a change, run it by your lender first. #MortgageMistakes #AcademyHomeLoans

Buying a house in this competitive market, you'll need to be pre-approved BEFORE you go house shopping. Schedule a FREE CONSULTATION for a FREE PRE-APPROVAL with Academy Mortgage, where we're open today YES, SATURDAY! Call: 516.249.4800 or Email: [email protected]... #OpenSaturdays #AcademyHomeLoans See more

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED #4 Going on shopping sprees Buying a new home is exciting, and you’re probably itching for new furniture, new appliances, maybe even a new car in the driveway. We get itthat impulse is difficult to deny. But if you get too carried away and aren't careful with your financing, you can follow that sweet shopping spree right back to Rentville. Because lenders often run credit reports within hours of the scheduled closing, running ...up new large debt is an awful idea. It can change debt ratios, change your interest rate (which may also kill your mortgage approval), and even lead to a lender deciding you have too much debt and (you are) not worth the risk anymore. It's OK to put some small charges on your credit cards. Our experts agree you don’t have to be at a zero balance to get approved. But play it safe and hold off on shopping for big-ticket items until after you have the keys to the house. #MortgageMistakes #AcademyHomeLoans

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED #3 Applying for new lines of credit If you apply for a new credit card or request a credit limit increase a few months before closing, it probably won’t hurt you too much. But don’t let the credit inquiries add up. Some credit inquiries are OK, but not all of them and you don’t know which is which. Worse than the actual hit on your credit score is any pattern of trying to borrow more money from more companies all at once. This ...suggests you are not wise with your money and just out running up debt you may not be able to repay. Rather than trying to figure out how many credit inquiries is too many or how much new credit you can take on without killing your mortgage, do yourself a big favor: Leave the applications alone until you’re through closing. #MortgageMistakes #AcademyHomeLoans

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED #2 Taking a leave of absence from work Lenders are relying on your being willing and able to work after they approve your loanafter all, it's the only way to prove you’ll make those monthly payments. We know stuff happens, and sometimes you have to take a leave of absence. But don’t risk it unless it's completely necessaryor unless you're prepared for your mortgage to get delayed or denied.... For example, two weeks before closing, the borrower went out on medical leave because she hurt her back. She had to wait for two more paychecks to prove she was back at work. #MortgageMistakes #AcademyHomeLoans

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED #1 Moving money around If you’ve been storing up cash reserves, do notwe repeatdo not move that money out of savings and into stocks while you wait to close. Why would someone do this? Well, maybe you'd like to make some extra cash off those reservesbesides, the money is just sitting there anyway, right?... Wrong. It's serving a real purpose: showing your liquidity. Moving money around can wreak havoc on your loan approval. You’d think that isn’t a big deal, but your lender is counting how much money you have going into closing. With savings, lenders count that as 100%, but with stocks they only use 70% of the value because stock prices can change. So, if you have $100,000 in savings and you move that into stocks, suddenly you only have $70,000 from an underwriter’s perspective. You’ll need enough cash to cover the down payment, closing costs, and at least three months of mortgage payments. (Yep, that's right, we said three months.) If the stock deduction dips your assets too low, you could be looking at a denial. #MortgageMistakes #AcademyHomeLoans

MONEY MISTAKES THAT CAN GET YOUR MORTGAGE DENIED You got the pre-approval, found a home, and had your offer accepted. Congratulations! All you need to do now is sit back and wait for closing, right? Well, not exactly. Sure, the odds are reasonably good that nothing major will go wrong. But that doesn’t mean things can’t go wrong. A financial misstep now could change your mortgage terms and interest rate, or even get you denied altogethereven if you've got a closing date on t...he books. To make sure that doesn’t happen to you, we’ll go over some less-than-savvy money moves this week that you’ll need to avoid. Check back! #MortgageMistakes #AcademyHomeLoans Source; realtor.com, Angela Colley

MORTGAGE KILLERS & HOW TO SURVIVE THEM Negative events on your credit report Let’s say your mortgage officer was unaware of you having a previous short sale in the past four years. If it happened within the past four years, this can stop your conventional loan in its tracks, which could mean you’d have to move to an alternative loan program, such as FHA. Lenders run each borrower through a comprehensive background screening through multiple fraud databases, which would identi...fy any other property you were tied to in the past seven years. If any other unaccounted-for properties pop up, documentation will be required to show either the property is no longer yours or it was sold, or the carrying cost of that property would be factored into your payment-to-income ratio. If you are not sure about something financially related to your loan application, be sure to ask your loan professional. Should any unforeseen roadblocks pop up in your mortgage loan process, call your loan officer right away to explain the situation and get a read on what type of documentation will be needed to satisfy the condition and/or the problem. A loan professional who has experience working with the type of mortgage you’re trying to obtain can guide you through to a successful closing. #SeasonToBuy #HowToSurviveMortgageKillers #AcademyHomeLoans

MORTGAGE KILLERS & HOW TO SURVIVE THEM Paying off your debt the wrong way Let’s say you have credit card payments totaling $300 per month on a $10,000 balance spread out over two to three credit cards. You decide to pay off those credit cards to reduce your payment liabilities, thus lowering your payment-to-income ratio. This can be very tricky if not done correctly, and can very easily skew the underwriter’s perception of what your liabilities truly will be by closing. When ...you pay off consumer debts to qualify for a mortgage, the account(s) must be closed as well. This can be problematic, as closing credit cards can have a negative impact on a healthy credit score. It is true you could simply reopen the credit cards after you close on the mortgage anyway, but lenders do not view it that way. They assume you’ll close the cards and not open them later on. An alternative option involves getting an updated credit report that shows the debts are paid off in full without any payments due. The key is to make absolutely sure each creditor whom you paid off in full specifically reports to each credit bureau a zero balance and a zero payment due. Before you pull your credit reports, you can monitor changes by looking at your free credit report summary on Credit.com, which is updated every 30 days. #SeasonToBuy #HowToSurviveMortgageKillers #AcademyHomeLoans

Great Video check it out! You'll see that it's the small sacrifices that add up to a lot of savings for you for a down payment!

MORTGAGE KILLERS & HOW TO SURVIVE THEM Your debt eats up too much of your income A lender considers what your payment-to-income ratio will be with the new mortgage, so you can encounter a problem if your consumer debts (e.g., student loans, credit cards, and auto loans) are just too large for the mortgage amount you’re applying for. If your debt-to-income ratio exceeds 45%, to still qualify, you’ll need to make a change in any of the following ways: Reduce the payment on t...he mortgage Reduce and/or remove the payments on the consumer loans Re-evaluate the income Here’s how your payment-to-income ratioalso called the debt-to-income ratiois calculated: Take the minimum payments you have on all current consumer obligations, add those to your proposed total mortgage payment, and divide the sum of those numbers into your monthly gross income. #SeasonToBuy #HowToSurviveMortgageKillers #AcademyHomeLoans

MORTGAGE KILLERS & HOW TO SURVIVE THEM Changes in your income Let’s say the underwriter at the loan company determinesbased upon your pay stubs and tax returnsthat your income is lower than what the loan originator said it was. An easy way to offset that is a written verification of employment, which specifies and breaks down your income. This is especially important if you’re an hourly wage earner with gyrating incomesuch as varying hours worked, bonuses, or overtimethat... has not been consistent for most of the past two years. Lenders like to see two years of more or less consistent income history, but there are ways to work with that. If you don’t have this, you’ll need a lender who can work with your ancillary income with less than 24 months. This is the type of thing that can make or break your loan, especially with income outside a traditional fixed salary. #SeasonToBuy #HowToSurviveMortgageKillers #AcademyHomeLoans