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November 22, 2007
Mortgage broker needed
i am looking to buy a condo and in need of a mortgage broker... ANY IDEAS
Comments
Yes: Tanquerey, tonic, and a handful of Xanax.
Posted by: guest at November 22, 2007 8:54 PM
1917 975 4425
Posted by: guest at November 22, 2007 9:59 PM
Ari Minkowicz @ Landmark Funding Group, very helpful 718-663-7212
Posted by: guest at November 23, 2007 1:23 PM
Manhattan Mortgage is great as well.
Posted by: AJAS at November 23, 2007 2:01 PM
mike rochette at HSBC was great for my recent condo purchase:
michael.rochette@us.hsbc.com
also had good resposne from brian cohen at WaMu, but HSBC had better deal for me at the end of the day.
Brian.Cohen@wellsfargo.com
both were great, repsonsive, had a lot of good products/options (not shady ARMS, etc.) to offer.
Posted by: guest at November 23, 2007 2:21 PM
Rita Mastroberardino at Dearie Mortgage Group is a genius as well as a lovely woman!
Posted by: guest at November 23, 2007 3:03 PM
The smoothest part of my condo buying experience was Steve Rybak at Guardhill Financial. I bought through him, my sister did as did 2 other friends. My firm (large investment bank on wall street) uses Guardhill as a prefered lender. Pls call me and I'll personally vouch for this referral 917-685-2303.
Stephen Rybak
Vice President
GuardHill Financial Corp.
950 Third Avenue, 24th Floor
New York, NY 10022
646.519.7539
212.751.3282 fax
srybak@guardhill.com
Posted by: guest at November 23, 2007 3:55 PM
Mark Gelb 1917-434-2839
Been using him for years. always gets me lower rates than i find from his competitors.
Posted by: guest at November 23, 2007 3:56 PM
With the mortgage market being as volatile as it has in the past few months, you must deal with a professional, someone who is knowledgeable and aware of the constant changes. This is a preferred lender for many new developments in NYC and BK. NO points, no Broker fees. Direct lender with Wall Street.
Robert Yusupov
Wall Street Mortgage Bankers
718 969 7171
888 541 7283
ryusupov@wsmbltd.com
Posted by: guest at November 23, 2007 11:23 PM
We have very few people to recommend from our buying/renovating/moving experience. However we were extremely happy with our mortgage broker, Hymie Serure at Trachtman & Bach. Hymie was not sales-y, was easily reachable, and gave the best rates. I found out about him on this forum.
Hymie Serure
(718) 623-1400 x207
(646) 775-7398
hymie@tbmortgage.com
www.tbmortgage.com
Whatever you do, do not look for mortgages or provide your contact info to lendingtree.com. I made that mistake and got on dozens of shady brokers' lists, who are still persistently calling.
Posted by: lizpic at November 24, 2007 9:49 AM
Gotta second the rec for Hymie Serure from Trachtman and Bach. My wife and I used Hymie for our condo through a referral from our real estate agent. I think most mortgage brokers have the same mortgage products available to them, but this guy was approachable, he returned calls promptly, and he somehow found us better terms for our mortgage than friends buying at the same time who used a friend of theirs at Manhattan Mortgage.
Posted by: guest at November 24, 2007 6:47 PM
We have used Lance Tarhan with Avistar Mortgage. He's diligent, prompt in replying to us, and has always done a great job. He also has great reco's for other real estate professionals: 718-238-7222.
Posted by: guest at November 24, 2007 7:46 PM
To all the people who responded to the inquiry:
You should take a course in finance.
You are obviously not
well versed on the subject of money.
To the OP.............There are many different ways to solve a problem.
Why go with the most expensive?
There are high commisions on all sides internally.
.Please think twice before you decide.
Posted by: Ysabelle at November 24, 2007 11:29 PM
This is what happens and it is legal....the Mortgage broker gives the real estate broker 6% commission from the total of the loan.
In other words the real estate broker gets 6% from the seller and 6% from the mortgage broker. 12% for practically doing nothing.
In addition, to the same broker renting the property for you, they get 15% of the years rent from the tenant.
If some of these R.E. brokers cannot make a living they must be really stupid!
Both professions are snarky.
remember this.......You might be able to negotiate a lower sale price from the owner directly if you do not use a r.e. broker.
Another possibility is, if you are a first time buyer, there might be legit programs that can help you with all of this for much less.
Posted by: Ysabelle at November 25, 2007 10:41 AM
He's amazingly good and can get a mortgage processed in record time! Highly recommend him.
Jonathan W. Meadors
Loan Officer
(212) 692-8396 Office
(917) 687-9074 Mobile
(646) 843-2712 Fax
Preferred Empire Mortgage
205 East 42nd Street
6th Floor
New York, NY 10017
Posted by: guest at November 25, 2007 7:54 PM
ysabelle, once again, you've shown that you have no idea what you're talking about. as a real estate broker who has been in the business for seven years, and who now, after years of hard work, sells about $12-15MM in property each year, I can tell you that I have NEVER been offered a nickel from a mortgage broker to steer clients to him/her, nor would I accept it. agents DO NOT receive a percentage of the mortgage financed when referring a mortgage broker to a buyer. it's JUST NOT TRUE. I am curious where you get your information from. I work my ASS OFF for my clients to provide them excellent customer service and can assure you that I would only recommend a mortgage broker (or a contractor, or plumber or painter or architect) who I was convinced would adhere to the same work ethic as do I - good customer service and nothing less than excellent results. look deep into your insecurities and explore why you have such hostility and suspicion regarding real estate professionals? (ditto anyone else who harbors the same hostility.) did you try selling real estate and find yourself a failure at it? did you get receive a post-graduate degree (as have many of us brokers at the big firms, by the way) and consider yourself underpaid and resentful? could there be a tinge of sexism sub-surface which convinces you that only Wall Street women should earn six figures? (many of us came from Wall Street jobs to sell, so surely that's not the case). is it the potentially high-paying service-oriented nature of the profession you find distasteful or "snarky" ("snarky"??)? or are you really that misinformed? are there sleazy agents? oh hell yea, waaay too many, as there are sleazy mailmen, teachers, physicians, artists, doctors, writers -- well you get my point. the majority of us have integrity and are hard-working individuals trying to pay our bills and feed our children in a difficult, unpredictable, over-saturated field and we do our best at it. if you prefer to sell your apt FSBO and then go to your local bank for a mortgage for your next home, God bless ya. go for it. but don't fabricate stories or critcize the people trained to make or save you money on the transaction, instead.
Posted by: guest at November 26, 2007 1:29 AM
To 1:29 AM
The commission the mortgage broker gives the real estate broker
or company is legal.
You do not need a college degree to become a real estate broker.
I bought several pieces of property in ny from private sellers where the transactions all went smoothly in a timely manner.
Yes, I am happy with all my purchases and the sellers were happy not to be tied up with a middleman (woman?)
It is called freedom of choice.
Real estate brokers are a good resource for people not familiar with the area.
There are several creative ways to do business as long as all parties agree.
That is the purpose of a contract.
It is all spelled out in writing with all parties involved.
I am glad I did not go to a university.
Life taught me how to think and accept differences in people.
Everybody has a right to make a living as long it is legal.
PS
All my property is paid for in full.
I am not in debt.
Are You?
Posted by: Ysabelle at November 26, 2007 8:01 PM
I'm confused...
are you responding to my comments? (I'm "1:29"). you seem to be debating or countering arguments that were never made -- at least not by me.
do you need a college degree to sell real estate at some firms? no. am I in debt? hell yea! the bank essentially owns the home I live in. I pay them about five grand a month to live in it. and I do my best to earn enough to pay them what I agreed to pay them. it's called free market. do I need to lower myself to sleazy side deals so I can afford to pay them? nope. nor would I.
Posted by: guest at November 27, 2007 1:38 AM
FYI any money that is paid by a mortgage broker to a realtor for a referral is ILLEGAL.
Posted by: guest at November 27, 2007 9:39 AM
to 9:39 AM
The purpose of a written contract is to eliminate all misunderstanding between the parties involved.
You are mixing up the terminology of contract and sleazy.
Contracts avoid sleazy.
It is just the opposite.
I am sorry you are on the hook for five thousand dollars a month for the property you purchased. It is a small fortune to pay every month
for a residence.
Let's hope you can keep up the payments.
It sounds like you have a great deal of stress.
You are not thinking logically or realistically.
PS
I hope rhe person that wrote the original post gets a good answer that he (she) can actually use.
Posted by: Ysabelle at November 27, 2007 11:36 AM
I knew it would happen sooner or later... Something to wake me from my "blogging slumber" (a desire to comment/offer insight on relevant topics). It's been a while as it had truly become an exercise in painful, and sadly, worthless futility. But then there are the completely CLUELESS, utterly MISINFORMED, stunningly UNEDUCATED posters who raise my ire to a level which simply can no longer be contained. And the winner is...: YSABELLE!
I have recently suffered through some of your absolutely incoherent posts over the last couple of days, all the while waiting for somebody else to completely blow you out of the water and expose you for the FRAUD that you are. Some have come close to doing so, despite your pathetic attempts to "reconcile" or "rationalize" the drivel you spout. Make no mistake dear- IT IS ABSOLUTELY, 100% ILLEGAL for a mortgage broker to pay points to a RE broker in "exchange" for a "referral". It's called a KICK-BACK, and if you had any clue as to precisely what that means, you would do well to keep your BLINDLY IGNORANT comments to yourself. What is a KICK-BACK you ask Ysabelle? Glad you asked! Read the following culled from an article in the Real Deal not too long ago addressing this very issue:
"Kickbacks from mortgage brokers are the payments that real estate brokers demand before they refer their buyers to the mortgage broker for a mortgage, after or even before the client has decided to buy the property. Those requests are ILLEGAL, but they are rising because of the slackening demand in mortgages across the region, said some in the industry."
I could go on but hopefully you've got the point (a stretch I know...).
You've either got too much time on your hands, really are that stupid, or all of the above to attempt to comment so "decisively" on a topic you clearly know absolutely NOTHING about. Save us all (those who have an clue) some time and get lost!
Posted by: saint marks soul at November 28, 2007 1:02 PM
By the way, the article can be found in the Real Deal:
March 2007
"Mortgage kickbacks on the rise"
Slack demand, consolidation increasing illegal practice
Always glad to shed some light... Even for folks like you Ysabelle.
Posted by: saint marks soul at November 28, 2007 1:07 PM
The new guy I have seen on here recently I actually heard is amazing brian scott cohen I am not sure what bank he works for, but his contact info is below
646 584 8009 and bcohenny@yahoo.com
Posted by: guest at December 16, 2007 5:00 PM
Just closed on a new condo in Williamsburg and I got the most amazing service from Brian Cohen at Wells Fargo...646 584 8009
I met him at a housing semianr in Manhattan. Great seminar
Posted by: guest at March 8, 2008 3:54 PM
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