Wednesday, January 20, 2010

Home Mortgage in New York

I love New York.

New York is one of the most acclaimed and adrenaline rushing places on the planet, especially after the 911 attacks, the city’s importance has increased a lot. And it is still a major business center and no one can neglect the fact that it still attracts millions of tourists every year.

And if we look at the stats you will not be surprised. The house count in the city is 3,021,588.

However our primary focus today is on the home mortgages today, telling you all the things that can have an effect on your New York home mortgage and New York mortgage loans, the only thing that is for you to do, is to remember these things. And that is what will get you what you want.

The first thing is the number of people that usually live in a household. In the majority houses there are either 1 or 2 people and then there are houses where you can find houses that have larger families, and you will really find houses in which more than 10 people live. New York is naturally a place where all sorts of people exist.

The next thing is to tell you the basic stats related to the New York home mortgage and New York mortgage loans, there are 68% houses that have a mortgage and out of these most of the people are on the first mortgage, the next thing are the loans, which 6% of the houses have on them.

The thing that will possibly affect you the most in these situations, is your credit report, if that is good, then let assured that the interest that you will get in your mortgage package will be less. The next thing is that make sure that there are sufficient funds in your account. This will help you get the most out of your mortgage package.

The next thing is the style of the house, their taxes and their built date. Most of the houses in the city are new, and there are some of the old places as well, as they form the part of the city’s history, however in this scenario you might even find houses that are as old as 1949. However they have been maintained and hence you won’t find any problems in them. Talking about the real estate tax, that is about $1492 and that counts for roughly 22.2 % of the owner’s average salary.

Coming on the architecture and the overall design of the houses, as we all know that the most popular layout for the houses is the 3 bedroom one, hence the situation isn’t different in New York, the majority houses are 3 bedrooms, however as there are bigger families and keeping their needs in mind, there are larger houses that have more than 5 or 6 bedrooms. And once can even find a good bargain on them, all that is required is a little survey to make sure that the things you are about to buy is indeed the house of your dreams.

The next thing and the last part of the chain are the facilities, which are usually measured by the heated areas that are provided by the Utility Gas Company. And the overall stats of the city are really good, more than 60% of the houses have been provided heat by them, while the rest of the needs are completed by the collaboration of oil and electricity.

Come on by regularly !