Home Mortgage Interest Rates are Dropping: Take Advantage of the Trend by Refinancing Since the beginning of 2016, rates have been trending down across the board for all major loan types: 30-year conventional fixed, 15-year fixed and even 5-year adjustable rate mortgage options. Global economic weakness may be negatively impacting your stocks and other investments, […]
June is National Homeownership Month — Dare to Own the Dream Owning a home is a source of pride for an individual and creates stability and a sense of community. As we observe National Homeownership Month this June, it is crucial that the dream of home ownership remain an area of focus. According to a […]
Check out our YouTube channel for some new videos! You’ll find some great advice on securing a residential mortgage and information on working at — and with — GRB. The team put a tremendous amount of work into these videos and we hope you find them beneficial. Don’t forget to “Subscribe” to our channel so you always […]
It’s not just the temperature that’s rising this summer… According to the online real estate database Zillow, the market temperature for the city of Rochester is hot! Continuing a trend from 2016, housing inventory in the Rochester area is low and those looking to buy homes are dealing with increased competition. Increased demands in combination […]
The University of Rochester has expanded their map for the University Home Ownership Incentive Program to include several new neighborhoods. This program aims to increase the number of full-time and part-time U of R faculty living in and around the University’s River Campus and Medical Center. Up to $9,000 worth of funding may be available […]
With the Rochester real estate market grabbing national headlines as incredibly competitive, buyers need to be more vigilant than ever about making sure they have their financing in place when an opportunity to buy arises. Keep Your Documentation Current With record low inventory levels, it is taking potential homebuyers much longer than usual to find […]
The Wall Street Journal recently noted that a window has opened for homeowners who may wish to refinance higher-rate home mortgage loans. This follows an unexpected dip to below 4 percent in 30-year mortgage rates that started in May and has continued through the summer. The end result is mortgage rates that are at their […]
Almost from the minute you close on your new home, you receive a multitude of offers for dozens of home-related services. It’s all part of being a new home owner. That is, until the offers cross the line into scams. Like it or not, the information about a home purchase and the terms and conditions […]
The Federal Housing Finance Agency (FHFA) and Federal Housing Administration (FHA) have announced new maximum conforming loan limits and FHA loan limits for 2021. Conforming Loan Limits for 2021 In Central and Western New York: The maximum conforming FHFA loan limit for one-unit properties will be $548,250, an increase from $510,400 in 2020. Multi-family property […]
Since late 2018, mortgage rates have been trending down across the board. If you have an existing home mortgage, lower rates can still spell opportunity. Mortgage refinancing can offer homeowners a number of benefits: Lowering the monthly payment Lowering the amount of interest owed over the life of the loan Converting an adjustable rate mortgage […]
As a bank, GRB is able to work with the Federal Home Loan Bank of New York (FHLBNY) to provide grant assistance to qualified first-time homebuyers. The Homebuyer Dream ProgramTM provides grants of up to $10,000 towards the purchase of a home in New York. This is a program that is only available to banks, […]
Genesee Regional Bank is pleased to announce it has been recognized by professional services review website Expertise.com as one of the Top Refinance Mortgage companies in Rochester, NY. Expertise.com scored GRB on more than 25 variables across five categories including availability, qualifications, reputation, experience, and professionalism. Expertise.com finds and reviews the top service professionals in […]