Whether you're looking to buy a home, refinance or consolidate debt, we will work with you to find the answer that best fits your needs. All Shores is a family owned business - and our mission is to build relationships that last through the many stages of life. From your first home, to college tuition, children's weddings and retirement - we strive to be there to help you make your dreams come true.
We were born and raised right here on Long Island, and our reputation is our most important asset. Our business is based on Integrity, Trust and the Commitment to Excellent Service. When you leave our office, not only do we want you to know you got a great interest rate very low closing costs - we want you to feel that you were treated like family.
The highest compliment we can ever receive is the referral of your friends and family - we want to earn that trust!
We were born and raised right here on Long Island, and our reputation is our most important asset. Our business is based on Integrity, Trust and the Commitment to Excellent Service. When you leave our office, not only do we want you to know you got a great interest rate very low closing costs - we want you to feel that you were treated like family.
The highest compliment we can ever receive is the referral of your friends and family - we want to earn that trust!
Services
We understand that the step you are about to take may be one of the most important in your life, and we're here to lend our expertise to guide you through the process.
With a combined total of over twenty years of mortgage lending experience, we are committed to using all of the resources available to identify the program that best meets your needs.
We pride ourselves on personal service in our comfortable, friendly office in the heart of downtown St. James.
We'll take the time to learn as much as we can about your goals, and do everything possible to help you achieve them.
With a combined total of over twenty years of mortgage lending experience, we are committed to using all of the resources available to identify the program that best meets your needs.
We pride ourselves on personal service in our comfortable, friendly office in the heart of downtown St. James.
We'll take the time to learn as much as we can about your goals, and do everything possible to help you achieve them.
Fixed-rate mortgage loans always remain popular because they offer a monthly payment that is predictable and does not change.
Most fixed-rate mortgages are for loan terms of 15 or 30-years.
A 30-year loan has lower payments, but a slightly higher interest rate.
With most programs, you should be allowed to pre pay your mortgage at any time and for any amount, and at no penalty.
After an initial term, the interest rate on an adjustable-rate mortgage (ARM) loan is re-set periodically to keep the rate in line with current market interest rates.
Most fixed-rate mortgages are for loan terms of 15 or 30-years.
A 30-year loan has lower payments, but a slightly higher interest rate.
With most programs, you should be allowed to pre pay your mortgage at any time and for any amount, and at no penalty.
After an initial term, the interest rate on an adjustable-rate mortgage (ARM) loan is re-set periodically to keep the rate in line with current market interest rates.
In addition to building up equity over time, owning a home offers significant tax breaks.
The interest expense that you pay on up to $1 million in home mortgage debt is tax-deductible*, and your tax savings from the mortgage interest tax deduction are greatest in the early years of a mortgage loan.
In addition to mortgage interest, it may be possible to deduct your local property taxes on your income tax return.
Finally, as a homeowner, you can tap the equity in your home in the future through refinancing, or with a home equity loan or line of credit.
The interest expense that you pay on up to $1 million in home mortgage debt is tax-deductible*, and your tax savings from the mortgage interest tax deduction are greatest in the early years of a mortgage loan.
In addition to mortgage interest, it may be possible to deduct your local property taxes on your income tax return.
Finally, as a homeowner, you can tap the equity in your home in the future through refinancing, or with a home equity loan or line of credit.
A credit report is a summary of an individual's credit history.
It shows loan payment history, late payments, existence of liens or other encumbrances, debt forgiveness, bankruptcy filings, and number of inquiries by prospective lenders.
The credit bureaus (Equifax, Experian and Transunion) calculate your credit score and submit it to a lender/broker to assist in making a credit decision.
Your credit score is one criteria used for the lender's credit decision.
The lender also adheres to loan-approval guidelines that are set by the company itself.
It shows loan payment history, late payments, existence of liens or other encumbrances, debt forgiveness, bankruptcy filings, and number of inquiries by prospective lenders.
The credit bureaus (Equifax, Experian and Transunion) calculate your credit score and submit it to a lender/broker to assist in making a credit decision.
Your credit score is one criteria used for the lender's credit decision.
The lender also adheres to loan-approval guidelines that are set by the company itself.
The typical refinance at All Shores funds in three to four weeks.
This includes the entire process from beginning to end; from submitting an application to when the loan funds i.e.
A purchase loan is typically completed within 4-6 weeks.
In this case, the length of time taken to fund a loan can vary because it is driven by negotiation and terms of the contract of sale set forth by the attorneys for the sellers and buyers.
Generally, when refinancing, it is not necessary to hire an attorney.
When purchasing a property, it is advisable to hire an attorney.
This includes the entire process from beginning to end; from submitting an application to when the loan funds i.e.
A purchase loan is typically completed within 4-6 weeks.
In this case, the length of time taken to fund a loan can vary because it is driven by negotiation and terms of the contract of sale set forth by the attorneys for the sellers and buyers.
Generally, when refinancing, it is not necessary to hire an attorney.
When purchasing a property, it is advisable to hire an attorney.
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