Maria Mantis Appraisal Service

02/09/2025

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It's not REALLY a dilemma. You should have both an appraisal AND and an inspection. Do you know WHY? https://www.fha.com/fha_article?id=3975

08/18/2024

Curious about what exactly a condominium is? A condo offers a budget-friendly, low-maintenance living option within a shared community. You enjoy the privacy of your own unit while leaving the upkeep of common areas to a property management team. When it comes to financing a condo, the process is similar to purchasing a single-family home. You'll need to save for a down payment and complete the loan application process. Condo buyers can access the same types of loans as single-family homebuyers, including conventional, FHA, VA, among others! However, while the loan types may be the same, securing financing for a condo can differ slightly from buying a single-family home. Follow and to learn more about financing a condo. To explore your mortgage options, Contact our very own mortgage expert and get started on the path to homeownership today!

04/25/2024

Understanding your Private Mortgage Insurance (PMI) rates can help you make informed decisions on your home buying journey. Here are 5 key factors that influence your PMI rates:

1. **Down Payment**: A larger down payment means lower PMI costs, while a smaller down payment results in higher premiums. Aim for a substantial down payment to save on PMI in the long run.

2. **Credit Score**: Your credit score plays a crucial role. Higher scores indicate greater creditworthiness, leading to lower PMI premiums. Keep your credit in good shape to secure favorable rates.

3. **Property Appreciation**: In areas with rising property values, your PMI rates may decrease over time as your home's value appreciates. Conversely, declining markets could lead to higher premiums. Keep an eye on local property trends.

4. **Loan Type**: Different loan types come with varying PMI rates. Conventional mortgages may have higher premiums compared to FHA loans, which are backed by the Federal Housing Administration.

5. **Borrower Occupancy**: Owner-occupied properties typically have lower PMI premiums than rental or investment properties. If you're planning to live in the home, you may enjoy reduced PMI costs.

Got questions about PMI or your mortgage options? Reach out to today for expert advice and guidance. Your dream home might be closer than you think!

09/13/2023

If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.

05/21/2023

03/11/2023

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1 Fave for Maria Mantis - Real Estate Appraisals from neighbors in Mamaroneck, NY. Hello Neighbors! As a NYS Certified Real Estate Appraiser, I can help you in the following ways - -Challenge Your Property Taxes -Reduce Capital Gains -Estate Planning, Guardianship -Home Sale —Plus Many More Reason...

07/26/2022

Property Tax Article!

Real estate prices are at an all-time high and with them come soaring property taxes. Here's how you can cut that bill down and save some much needed cash.

05/20/2022

And, property tax increases will be the next shock....In Westchester, they are based on the value of your home. Values go up and so do property taxes.

Some homeowners are facing

04/25/2022

You might be confused about just what, exactly, helps add value to your home in the appraiser's eyes. We're here to clear it up for you.

12/07/2021

Home Value Killers>>>>

Preparing your home for sale is no easy feat. Even if you've kept it in relatively good condition over the years, you have to ask yourself, will buyers, real estate agents and appraisers be wowed?...