Should You Buy or Sell Now? The housing market is always changing, and in recent years, it has become more unpredictable. This has left many potential buyers and sellers wondering whether it is the right time to move. Factors Contributing to Housing Market Volatility Several […]
View moreHow life events can change your housing needs.
Are you contemplating buying a home this year? Taking such a significant leap forward is a crucial milestone. Life-changing events such as marriage, divorce, job opportunities, or just the desire for a better lifestyle often spur this decision. We’re aware that today’s economic climate and […]
View moreIn a High Mortgage Rate Environment – What Are Your Options to Buy a Home?
Buying a home is one of the most significant investments you’ll make. Low mortgage rates have made it easier for people to afford their dream homes over the last dozen years. In 2023, home mortgage rates have been soaring, causing problems for people who want […]
View moreWhat is an Adjustable-Rate Mortgage?
What do I need to know about Adjustable-Rate Mortgages? An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that your monthly mortgage payment could go up or down over the life of your loan. ARMs […]
View moreRenovation Loan
The national trend of homebuyers seeking out properties in need of renovations has established a firm foothold in the Hudson Valley, where low inventory and a critically-low inventory of turnkey houses, have repositioned the market. As a result of these shifting sands, many homebuyers are […]
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What is APR and How Does it Affect Your Mortgage?
The annual percentage rate (APR) is a term you’re likely to encounter while reviewing your mortgage options. Thankfully, it’s not difficult to understand—but what is APR exactly? Knowing how the APR works can help compare different loans to help you get the best deal possible. […]
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Buying a Fixer-Upper in Hudson Valley, NY
Visiting the Hudson Valley should come with a warning – once you’ve experienced it, you will probably fall in love with it. Whether it’s the spectacular fall foliage, outdoor recreational adventures, breathtaking vistas, historic locations, or something else, each year many people are taken by […]
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Three Good Reasons to Refinance Your Mortgage
Saving more on your mortgage doesn’t need to be difficult. Backed by historically low rates and community-based member service, refinancing your home mortgage with TEG FCU has never been easier! 1. To take advantage of lower interest rates Refinancing a home loan with a lower […]
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The First Steps to Take if you Can’t pay your Mortgage
Over a few weeks, the talk about mortgages turned from how to best take advantage of record low interest rates to how to handle a mortgage without income. More than 22 million Americans have filed for unemployment in the past five weeks. Lenders are dealing with […]
View moreShould I Buy a House During a Pandemic?
Q: I’ve been planning to buy my first home this spring, and I’ve spent years preparing for this purchase. Now that the coronavirus has had a negative impact on the economy, I’m wondering if I should go through with my plans. Is it a good […]
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