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 Homes - R - Us Realty of N.Y
Homes-R-Us Realty specializes in Residential and Commercial Real Estate as well as Land Development, Real Estate Investments and Renting. With nearly fifty agents, assisted by several secretaries, we have grown to become one of the premier Real Estate Companies on the Island today. Combining friendly service with professional market expertise, and extensive advertising strategies, our company goal is the complete satisfaction from our service by our customers and investors.
If you are interested in selling your property, Homes-R-Us Realty will provide you with the outmost excellent listing services while remaining modest in commission fees. Broker Caravans, Open Houses, advertising in all of the Local Media including The Real Estate Book with Gold Package Website advertising, Homes And Lands magazine, Real Estate Properties, SI Advance, Russian Business Journal, Russian Advertising & Radio, Individual agent websites, SI RealEstateInfo.com, MLS, Realtor.com are all included in our advertising campaign. Full time secretary support is a standard, just like professionalism.
If you are interested in buying a home, experience the difference with our agents. Every Homes-R-Us Agent is highly knowledgeable in the Real Estate Business and proficient with the Multiple Listing Service. Work with agents who truly care about the quality of your experience of buying a home with us. After all, this may be one of the most important decisions of your life, make it count with someone who cares about your needs, call us today for a consultation, or contact an agent.
If you are an investor, Homes-R-Us Realty is a premier place to buy property. New Construction Sales have been the strong hold of our business. If you are looking for investment property for development, don't wait any longer, you will find the best deal with us.
We are indeed, one of the finest Real Estate Companies on Staten Island. Professionalism, experience, and the highest level of expertise are what define the way we do business. Weather you are selling your home, shopping for your dream house, renting commercial or residential property, or simply need expert advice, our educated and highly qualified real estate professionals are here for you. If you are an investor, or a developer, you will find our services unmatched. And if you are interested in a real estate career, Homes-R-Us Realty provides an excellent opportunity to grow your business and develop your skills.
Warm atmosphere, friendly staff, outstanding and experienced brokers, are just the cover of the book. Conveniently located next to Verrazano Bridge, across from the beach, the views are astounding, the air is always fresh, the service is superior. Experience the difference with Homes-R-Us Realty, today!!!
837 Father Capodanno Blvd
Staten Island N.Y, 10305
Tel: 718-668-2550
Fax: 718-668-2639
Finding the mortgage that’s right for you!
Finding the right mortgage has two big upsides: You acquire property in a way that works for your particular financing situation. And because you choose the right type of loan, you save thousands in interest. Here’s what you need to know before you sign the dotted line.
Adjustable Rate: If you can handle some risk or will probably move
The advantages of adjustable-rate mortgages (ARMs) are two-fold: you can usually get a larger loan at a lower initial interest rate ( called the start rate) than with a fixed-rate mortgage. That is because you’re taking on some risk: after the start rate period is up (it typically lasts for one, three, five or seven years), an ARM’s interest rate changes periodically according to a money-market index that it’s tied to, such as one-year treasury note. If interest rates go up, so do your monthly payments; if they go down, you’ll pay less. That may make perfect sense for you, depending on how much risk you feel comfortable with and what interest projections are.
Ask your self
How long do you plan to stay? If you know you’re going to be in a property for seven years or less, an ARM can be a good option because you will likely sell the property before the interest has the potential to spike.
Is your income likely to increase?
If not, figure out how much you can afford for your monthly payments to be before they become a hardship.
Ask your lender
What index is the rate tied to and how often will it adjust? Look for the least-volatile indexes (usually considered to be the federal cost of funds or the 11th District Cost of Funds indexes, known as COFIs). Likewise, look for longer adjustment periods say, every one to three years instead of every six months that protect you from short term market fluctuations and make it easier to plan your finances.
What are the caps?
There are two types of ARM rates restrictions, or caps, which protect you to some degree from drastic changes in the market: One limits the amount that your payments can rise yearly (or in any single adjustment period); the other limits the maximum rate you pay regardless of what happens to interest rates. You want caps to be under 2.5% for the adjustment period increase, and at 6% or less for the life the loan limit.
Smart ways to save:
No matter which type of mortgage you get, think about reducing the amount of interest you pay by doing one of the following:
1. Make 2 monthly payments
By dividing your monthly payment in two, you pay the interest a little sooner on half the payment each month, which adds up over the long haul. And because there are 26 two-week payments in a year, you make the equivalent of 13 monthly payments instead of 12. the result: you can pay off a 30-year mortgage in 22 years.
2. Pay ahead of schedule
Make sure your loan doesn't have a pre-payment penalty. That way, you can make additional payments on the loan’s principal anytime you want, cutting down the amount of interest you owe. For example, by paying only one extra payment at the beginning of each year on a 30-year-loan, you cut the loan to 23 years.
3. Consider a shorter loan
The shorter the loan , the lower the interest rate and the less time you’ll pay interest. If you can afford it, get a 15 year loan instead of 30 year one. Or see whether your lender can cut five years off the loan you’re considering. Your monthly payments will be a little higher, but you’ll save a bundle in interest in the long run.
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