Friday, October 12, 2007
Open House in "The Moorings"
Open House from 12:00pm to 4:00pm at 14 The Helm, East Islip, NY 11730. This lovely colonial built in 2001 features 5 bedrooms, 3.5 bathrooms, formal living room, formal dining room, study, den and a gourmet kitchen with granite counter tops and stainless appliances. There are 9' ceilings and radiant heat thru-out the home. The first floor and yard are wired for surround sound and cable. There are oak floors with mahogany in-lays. 2 zone central air conditioning, central vacuum system, alarm system. This home is set on a 1 acre lot. The yard is professionally designed and landscaped with a heated in-ground pool. The IPE" deck and hot tub overlook the wonders of nature. The Moorings association rights include a 24 hour guarded gate house, tennis and docking. For a private showing, contact Mark Hannigan at 631-766-5959.
Thursday, October 11, 2007
Wells Fargo Home Loans / Jumbo Mortgages
Home Loans for the Luxury and Waterfront Home Market.
Jumbo Mortgages
Looking for a plus-size mortgage? Whether you're buying a home or refinancing, if you need to borrow more than $417,000*, a jumbo or blended jumbo mortgage may be your best option. Jumbo mortgage programs can give you the extra borrowing power you need, but the costs and guidelines may differ from those that apply to standard mortgage loans.
Because of their size, jumbo mortgages are "non-conforming" loans. This means that they do not conform to the standard underwriting guidelines set by Fannie Mae and Freddie Mac, and therefore cannot be handled in the secondary market by these two industry giants. For 2007, the conforming loan limit was set at $417,000 for single-family residences in the continental U.S. This limit is adjusted annually.
Do jumbo mortgages cost more?
Jumbo mortgages usually carry a higher interest rate than conforming loans. Because of the larger loan amount, and because the loan can't be guaranteed by Fannie Mae or Freddie Mac, the lender absorbs a greater degree of risk. Also contributing to the lender's risk is the fact that homes secured by jumbo mortgages may be more difficult to sell than less-expensive homes.
Is there an alternative?
If the higher interest costs make jumbo mortgages unappealing, but you still need to borrow more than the conforming loan limit, you do have another option. One relatively common variation of the jumbo loan is known as a "blended jumbo" mortgage. This financing method allows you to take out a fixed-rate mortgage up to $417,000, along with an adjustable-rate second mortgage to cover the difference. The resulting "blended" payment is often lower than what would be required for a jumbo mortgage of the same total amount.
While the lowest possible dollar amount of a jumbo loan is uniform among lenders, the highest possible amount is not as distinct. Different lenders are willing to absorb different levels of risk, and establish their own "ceiling" for jumbo mortgages. In addition to differentiating between conventional and jumbo loans, many lenders have a separate category for "super-jumbo" loans. Where the line is drawn between jumbo and super-jumbo, and how the costs and loan requirements differ, also depends upon the lender. Before you apply, ask what category your desired loan amount fits into.
Jumbo mortgages are among the wide variety of products offered by Wells Fargo Home Mortgage. For more information on jumbo mortgages, or for answers to any of your home financing questions, contact one of our mortgage professionals today.
Contact: Randy Ascher at 631-943-6340
E-Mail: randy.ascher@wellsfargo.com
Web site: www.RandyMortgage.com
Looking for a Waterfront Home? Visit: www.LIWaterfrontHomes.com
or Contact Mark Hannigan at MarkHannigan@TopProducer.com
Jumbo Mortgages
Looking for a plus-size mortgage? Whether you're buying a home or refinancing, if you need to borrow more than $417,000*, a jumbo or blended jumbo mortgage may be your best option. Jumbo mortgage programs can give you the extra borrowing power you need, but the costs and guidelines may differ from those that apply to standard mortgage loans.
Because of their size, jumbo mortgages are "non-conforming" loans. This means that they do not conform to the standard underwriting guidelines set by Fannie Mae and Freddie Mac, and therefore cannot be handled in the secondary market by these two industry giants. For 2007, the conforming loan limit was set at $417,000 for single-family residences in the continental U.S. This limit is adjusted annually.
Do jumbo mortgages cost more?
Jumbo mortgages usually carry a higher interest rate than conforming loans. Because of the larger loan amount, and because the loan can't be guaranteed by Fannie Mae or Freddie Mac, the lender absorbs a greater degree of risk. Also contributing to the lender's risk is the fact that homes secured by jumbo mortgages may be more difficult to sell than less-expensive homes.
Is there an alternative?
If the higher interest costs make jumbo mortgages unappealing, but you still need to borrow more than the conforming loan limit, you do have another option. One relatively common variation of the jumbo loan is known as a "blended jumbo" mortgage. This financing method allows you to take out a fixed-rate mortgage up to $417,000, along with an adjustable-rate second mortgage to cover the difference. The resulting "blended" payment is often lower than what would be required for a jumbo mortgage of the same total amount.
While the lowest possible dollar amount of a jumbo loan is uniform among lenders, the highest possible amount is not as distinct. Different lenders are willing to absorb different levels of risk, and establish their own "ceiling" for jumbo mortgages. In addition to differentiating between conventional and jumbo loans, many lenders have a separate category for "super-jumbo" loans. Where the line is drawn between jumbo and super-jumbo, and how the costs and loan requirements differ, also depends upon the lender. Before you apply, ask what category your desired loan amount fits into.
Jumbo mortgages are among the wide variety of products offered by Wells Fargo Home Mortgage. For more information on jumbo mortgages, or for answers to any of your home financing questions, contact one of our mortgage professionals today.
Contact: Randy Ascher at 631-943-6340
E-Mail: randy.ascher@wellsfargo.com
Web site: www.RandyMortgage.com
Looking for a Waterfront Home? Visit: www.LIWaterfrontHomes.com
or Contact Mark Hannigan at MarkHannigan@TopProducer.com
Tuesday, October 2, 2007
Custom Built Colonial in The Moorings of East Islip
Mark Hannigan of
Coldwell Banker Previews International
Proudly Presents Our Newest Listing in
The Moorings of East Islip,
A Private Gated Luxury Waterfront Community.
Built in 2001, This Gorgeous Custom Built Colonial Features 5 Bedrooms, 3.5 Bathrooms, Master Suite, Master Bathroom, Make-up room, Tray ceilings, 2 zone Central Air Conditioning, Central Vacuuming System, Central Alarm System, Formal Dining Room, Formal Livingroom, Study, Family Room with a Gas Fireplace, Custom Eat-In Kitchen with Granite Counter Tops, Radiant Heat throughout the Home, 9' Ceilings on the First and Second Floors, Deep 2 Car Garage, Custom Arthur Edwards Heated In-Ground Pool. 28' x 22' IPE' Deck, New Hot Tub on an 18' x 18' IPE' Deck, Cambridge Walkways and Pool Patio, Beautifully Landscaped, Cutom Lighting, 12 zone IGS System, and more. All of this is located in the Private Gated Waterfront Community Called The Moorings. Luxury Living on the South Shores Great South Bay.
Contact Mark Hannigan for a Private Showing at 631-277-0739 x 225.
Sunday, September 30, 2007
West Islip a Waterfront Community
Mark Hannigan LAB, CBR, SRES
Coldwell Banker Previews Intl.
631-766-5959
info@LIWaterfrontHomes.com
http://www.liwaterfronthomes.com/
West Islip a Waterfront Community
Finding water front property in West Islip, Long Island shouldn't be very hard. Long Island is surrounded by water on two sides. West Islip itself is home to the Great South Bay hosting a number of commercial and private marinas. If you are an avid boater you will love the many ports and active waterways that West Islip has to offer. From February to November the West Islip waterfront explodes with activity. Hundreds of boats can be seen each weekend making the trip from West Islip to the cove, located just on the other side of the Robert Moses Bridge. Each summer our beaches are packed with family, friends, and visitors. From fishing, to boating, jet skiing, and crabbing there are a number of things you can do to keep yourself busy on the West Islip waterfront.If this sounds like a dream place to live, you are absolutely right. West Islip is known for having little or no crime and each neighborhood is closely knit. There are many schools that you can send your children to choosing from private, public, or religious. West Islip has many churches in all denominations, children's clubs like the YMCA, and many other community organizations.Many people live just minutes from the water, in fact many of the surrounding towns are a short trip from the great south bay, and also host many more marinas. If you want to live directly on the water in West Islip, than you are going to have to do some serious bargaining, or know someone who knows someone. It's not that there isn't enough waterfront property here to accommodate everyone because there is. Most people that live on the water in West Islip have lived there for at least 30 years. People don't move too often making waterfront real estate scarce.There are basically two types of waterfront property in West Islip. Family neighborhoods and mixed neighborhoods. If you are a young family there are several neighborhoods that you could choose from. Most people that decide to live in these family communities don't move until their children have finished school, and they have retired. It's the same with all the neighbors too. Everyone's children grow up together, go to the same schools, and live in the same neighborhood. It is rare to see a for sale sign in any family neighborhood of West Islip, wither it is on the water or not. People here like to build strong knit communities and do not often move. An example of one of these neighborhoods is Magoun Landing.
Other than family neighborhoods, there are some mixed areas. On a few of the channels you will find 2 or 3 older couples living in the same waterfront neighborhood. These couples are probably not going to move unless they get a great offer. These neighborhoods that have older couples are usually people that have lived on the same property for about 50 years. Most of them do not plan on selling their homes, although some of them move into other properties during the winter. Many of these homes get passed down through the family, so there is less than a 1% chance that they will ever be for sale.Now, in these same neighborhoods you will find singles and married couples without children. They happened to be lucky enough to find a property for sale on the water. Some of these people acquired these properties through tax lien auctions, inheritance, or simply they found a cheap lot that needs a lot of work. Most of the people that live in these communities will also stay for many years, but so far it is unknown how long. Considering there is no waterfront property for sale in West Islip most of the time, they will probably keep their piece. These neighborhoods often see a lot of remodeling and added landscaping. A good example of this type of community would be Sequams Colony in West Islip.West Islip waterfront homes mostly consist of ranches or colonial style homes. Most, if not all, of the ranches have been raised, adding a second floor, or have been added onto in other ways. If you live on the water in West Islip, it is about who has the nicest home on the block. On the outside of these homes it is usual to see stucco and stone work, in ground pools, outdoor sun rooms or spas, and beautiful landscaping. The inside of these homes are no different. Marble tile, granite kitchens, wood floors, and stainless steel appliances are the must haves.West Islip waterfront real estate is at a premium. Most home sales range from $800,000 to over $2,000,000. Vacant lots already equipped with water and electric range from $200,000 to about $600,000. There are not many of these lots, probably less than 10, and some of them are not even big enough to build a home on. Usually these vacant lots are about 50' x 80'. The standard size of most waterfront lots are about 200' X 150'. Most of these vacant lots are purchased by existing home owners who wish to add a little more property to their home or add extra bulk head for boats.For an $800,000 purchase you will get approximately 3 bedrooms and 1.5 baths in one story, and a garage. Usually these lots need renovations and landscaping to match their value to the other homes in the area. Between 1 million and 2 million you should expect at least 4-5 Bedrooms, 2 full baths, a two car garage, and an in-ground pool. If you are making a purchase over 2 million the sky is the limit. Most of West Islip waterfront property when for sale, sells for over $1,000,000. Most are sold with the help of real estate agents, but there are a few by owner sales.Every waterfront community in West Islip is built on a canal. The canals lead outward to the Great South Bay. Homes on the end of the canal have the most beautiful views of the Robert Moses Bridge, the bay, and of course the best sunsets. Homes located in the back of the canal, sadly lack views of the bay. These homes are still considered waterfront but most often you can only see the water in the canal and the back of your neighbors homes. They are still great properties because you have easy access to the bay.
West Islip waterfront communities also include many amenities like yacht clubs, day care and day camp for children, bars, restaurants, schools, and other public spaces like pools and libraries. Some of the waterfront communities have yearly dues that residents pay, while others are free of charge. Most waterfront properties in West Islip have sufficient bulkhead behind the home for you to park your boat, but public docks are also available for use. If you are looking for a great community than West Islip is the place for you.
By: Rachel Pickett
Associated Content, Inc.
Coldwell Banker Previews Intl.
631-766-5959
info@LIWaterfrontHomes.com
http://www.liwaterfronthomes.com/
West Islip a Waterfront Community
Finding water front property in West Islip, Long Island shouldn't be very hard. Long Island is surrounded by water on two sides. West Islip itself is home to the Great South Bay hosting a number of commercial and private marinas. If you are an avid boater you will love the many ports and active waterways that West Islip has to offer. From February to November the West Islip waterfront explodes with activity. Hundreds of boats can be seen each weekend making the trip from West Islip to the cove, located just on the other side of the Robert Moses Bridge. Each summer our beaches are packed with family, friends, and visitors. From fishing, to boating, jet skiing, and crabbing there are a number of things you can do to keep yourself busy on the West Islip waterfront.If this sounds like a dream place to live, you are absolutely right. West Islip is known for having little or no crime and each neighborhood is closely knit. There are many schools that you can send your children to choosing from private, public, or religious. West Islip has many churches in all denominations, children's clubs like the YMCA, and many other community organizations.Many people live just minutes from the water, in fact many of the surrounding towns are a short trip from the great south bay, and also host many more marinas. If you want to live directly on the water in West Islip, than you are going to have to do some serious bargaining, or know someone who knows someone. It's not that there isn't enough waterfront property here to accommodate everyone because there is. Most people that live on the water in West Islip have lived there for at least 30 years. People don't move too often making waterfront real estate scarce.There are basically two types of waterfront property in West Islip. Family neighborhoods and mixed neighborhoods. If you are a young family there are several neighborhoods that you could choose from. Most people that decide to live in these family communities don't move until their children have finished school, and they have retired. It's the same with all the neighbors too. Everyone's children grow up together, go to the same schools, and live in the same neighborhood. It is rare to see a for sale sign in any family neighborhood of West Islip, wither it is on the water or not. People here like to build strong knit communities and do not often move. An example of one of these neighborhoods is Magoun Landing.
Other than family neighborhoods, there are some mixed areas. On a few of the channels you will find 2 or 3 older couples living in the same waterfront neighborhood. These couples are probably not going to move unless they get a great offer. These neighborhoods that have older couples are usually people that have lived on the same property for about 50 years. Most of them do not plan on selling their homes, although some of them move into other properties during the winter. Many of these homes get passed down through the family, so there is less than a 1% chance that they will ever be for sale.Now, in these same neighborhoods you will find singles and married couples without children. They happened to be lucky enough to find a property for sale on the water. Some of these people acquired these properties through tax lien auctions, inheritance, or simply they found a cheap lot that needs a lot of work. Most of the people that live in these communities will also stay for many years, but so far it is unknown how long. Considering there is no waterfront property for sale in West Islip most of the time, they will probably keep their piece. These neighborhoods often see a lot of remodeling and added landscaping. A good example of this type of community would be Sequams Colony in West Islip.West Islip waterfront homes mostly consist of ranches or colonial style homes. Most, if not all, of the ranches have been raised, adding a second floor, or have been added onto in other ways. If you live on the water in West Islip, it is about who has the nicest home on the block. On the outside of these homes it is usual to see stucco and stone work, in ground pools, outdoor sun rooms or spas, and beautiful landscaping. The inside of these homes are no different. Marble tile, granite kitchens, wood floors, and stainless steel appliances are the must haves.West Islip waterfront real estate is at a premium. Most home sales range from $800,000 to over $2,000,000. Vacant lots already equipped with water and electric range from $200,000 to about $600,000. There are not many of these lots, probably less than 10, and some of them are not even big enough to build a home on. Usually these vacant lots are about 50' x 80'. The standard size of most waterfront lots are about 200' X 150'. Most of these vacant lots are purchased by existing home owners who wish to add a little more property to their home or add extra bulk head for boats.For an $800,000 purchase you will get approximately 3 bedrooms and 1.5 baths in one story, and a garage. Usually these lots need renovations and landscaping to match their value to the other homes in the area. Between 1 million and 2 million you should expect at least 4-5 Bedrooms, 2 full baths, a two car garage, and an in-ground pool. If you are making a purchase over 2 million the sky is the limit. Most of West Islip waterfront property when for sale, sells for over $1,000,000. Most are sold with the help of real estate agents, but there are a few by owner sales.Every waterfront community in West Islip is built on a canal. The canals lead outward to the Great South Bay. Homes on the end of the canal have the most beautiful views of the Robert Moses Bridge, the bay, and of course the best sunsets. Homes located in the back of the canal, sadly lack views of the bay. These homes are still considered waterfront but most often you can only see the water in the canal and the back of your neighbors homes. They are still great properties because you have easy access to the bay.
West Islip waterfront communities also include many amenities like yacht clubs, day care and day camp for children, bars, restaurants, schools, and other public spaces like pools and libraries. Some of the waterfront communities have yearly dues that residents pay, while others are free of charge. Most waterfront properties in West Islip have sufficient bulkhead behind the home for you to park your boat, but public docks are also available for use. If you are looking for a great community than West Islip is the place for you.
By: Rachel Pickett
Associated Content, Inc.
Friday, September 28, 2007
Available Long Island Waterfront Homes
Hello everyone,
As of today Friday, September 28, 2007 there are 1,068 waterfront homes available in Nassau and Suffolk. These waterfront homes range from cozy cottages to majestic mansions. Whatever your wants and needs may be, there is a waterfront home out there for you. Picture perfect views of The Great South Bay, The Sound, a Canal or of a Lake, it's out there.
Coldwell Banker Previews features Luxury Waterfront Homes thru out the world. Coldwell Banker Previews International features a Portfolio of Exceptional Homes. For your copy contact Mark Hannigan
Visit http://www.LIWaterfrontHomes.com/ today to view some the greatest waterfront homes available today. Click on Dream Home Finder to recieve the newest waterfront home listings on a daily basis. Have a question, need neighborhood statistics or a school report e-mail Mark Hannigan your Long Island Waterfront Home Expert at info@LIWaterfront Homes.com
For Superior Luxury Home Mortgage products Contact Randy Ascher at Wells Fargo Home Mortgage 631-943-6340 http://www.randymortgage.com/
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