Samuel Cino Jr., Sr. Loan Officer, NMLS 8012

HOW TO BUY YOUR NEW HOME WITH ONLY A COUPLE THOUSAND OUT OF POCKET! Want to own but have little saved? There are mortgage programs that offer 100% FINANCING!!! That's right no down payment. However, the down payment is only part of the costs required when buying a home. Often it's the "closing expenses" that vacuum up your $$. Here in NY they can really take a bite out of your budget. So how does one acquire their dream home with only a couple thousand dollars? Like this:... Try to utilize a nothing down program. These include: 1. VA/USDA/SONYMA VA - Must have served in a branch of the military. USDA - Open to all SONYMA(New York only) - Open to all 2. SELLER CONCESSIONS - The seller of your new home can help pay your closing costs. Each mortgage program has their own limits on the maximum amount(s) allowed. VA - Unlimited providing the prepaid costs do not exceed 4% of your loan amount. USDA - Maximum of 6% of the purchase price. SONYMA - Maximum of 3% of the purchase price. 3. GRANTS - Most Cities, Towns, Counties, States and even certain lenders offer first time home buyer grant programs. A Grant is exactly that. Free money with no repayment required. Normally they can be used in conjunction with seller concessions and sometimes other grants. Do your homework!! there's free money out there. 4. LENDER CREDIT - Whether you use a Mortgage Broker(My Recommendation) a Mortgage Bank or a Savings & Loan. Your Loan Officer should advise that through a slightly higher interest rate you can receive a credit from your lender which pays some of your closing costs. Here's a scenario based on $150,000 mortgage with property taxes of $6,500 to further explain: COSTS Down Payment $0 Closing Costs $12,000 CREDITS Seller Concessions $6,000 Grant $3,000 Lender Credit $1,500 TOTAL FROM YOU $1,500 So with a little effort and the right know how. You can buy your dream home for just a couple thousand dollars! For more details I always welcome your call, email or text. Thanks for tuning in! [email protected] 585.626.5626 NMLS# 8012

BENEFITS OF USING A MORTGAGE BROKER IN 2018 Although many believe the benefits of using a Mortgage Broker were foreclosed upon in the late 2000's, nothing could be further from the truth. Here are a few reasons Mortgage Brokers are still your best option: 1. SELECTION: Most Brokers maintain relationships with at least a half a dozen lenders or more. This allows your Brokerage to "shop" programs, rates, fees and qualifying criteria. Every lender has their own guidelines an...d every clients needs are individual. Selection is our greatest asset. 2. ACCESS: Most often the lenders we utilize do not work with the general public. They work only through Mortgage Brokers and Banks. We act as their origination department. Our relationship provides access to otherwise unavailable products and programs. 3. NO COST: Brokers earn their compensation from the lender they select. Because it is both the bank and brokers only source of income both parties have a vested interest in the outcome. The priority for all is to ensure your loan moves quickly and efficiently through the process. 4. RATE PROTECTION: Arranging loans through many lenders allows us to lock your loan early in the process and move your file to another lender in a declining rate environment. Thus allowing you access to a lower rate. There is no cost or fee(s) associated with this. 5. SPEED: While most traditional banks take between 50 and 70 days to complete a purchase transaction, we average just 25 days. As mentioned earlier the lenders we utilize only do mortgages. They are experts in this process. I hope you find this information helpful in your pursuit of a great mortgage experience.