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We are pleased to present below all posts tagged with ' lending'. If you still can't find what you are looking for, try using the search box.
It can be overwhelming to think about buying a new car. How much can I afford? How long do I want to have a car loan? Am I getting a good deal at the dealership? These are all good questions. What if we told you that there are ways to help yourself feel better about your dealership experience?
As a community bank with deep roots in the Mid-Hudson Valley, we understand the importance of investing in the future of local communities, especially in areas where rehabilitation or redevelopment is greatly needed.
It happens all the time. A business is positioned for success, but doesn’t have the capital on hand to fund their dreams of growth, whether that’s purchasing a new piece of equipment, a new vehicle or any other “piece of the puzzle” to help their business grow and succeed. They need a financial partner that can provide the lending support they need to take that next step.
Cooler weather, beautiful changing leaves, and hiking season at its peak makes fall a perfect time to be in the Hudson Valley. This is also one of the best times to purchase a new home! Rhinebeck Bank has the Best Reasons to buy your home this season.
The recent passing of the tax reform bill has caused an incredible amount of scrutiny and opinion towards the effects it will have on home ownership. It is during times like these that we need to examine the facts of the new plan, and then reflect on the main benefit of home ownership and the reasons we buy a home.
Let’s start with the facts. In relation to real estate lending and home ownership, there are three main changes to the tax plan to consider:
I have spent nearly 15 years consulting borrowers on mortgage financing. In that time, I have seen a great number of scenarios and questions come up after people have received their pre-approvals. Some issues have derailed their plans for a new home while some small mishaps have been easy to navigate around. All of them, however, have caused additional documentation and worst of all, additional time in the process! Let’s look at a few do’s and don’ts to keep in mind AFTER you receive your pre-approval.
Last month I discussed whether it was a “great time to list your home?” I commented on the lack of inventory coupled with high demand for housing and the dilemma of those factors not forcing an increase in home values. We posed the question of why the law of supply and demand didn’t seem to be in affect in our area.
The law of supply and demand is in full swing in the housing market on both a national and local level. Nationally, the Pending Home Sale Index (PHSI) for January 2017 reached its lowest level in a year* and tight inventory is the prime culprit.
Locally, the housing market has seen a steady increase in housing sales. According to the Mid Hudson Multiple Listing Service, the 12 month average for “Closed Sales” of single family detached homes, is up 16.3%. The average for “Pending Sales” is up 19.5%. Conversely, the 12 month average of “New Listings” has decreased by 10.2%. While the lack of new listings has not affected the local market in amount of sales taking place, it has had an impact on sales prices.
There are so many ads on TV enticing you to come in and lease that new car for $199 per month or that new truck for $349 per month, how can that be?
Well, just look at the fine print.
In a deal between the New York legislature and Governor Andrew Cuomo, the state has changed the way new homeowners can take advantage of the STAR program. While the total amount of the tax relief remains unchanged, the difference is in “when” you receive it.