Going through a divorce can be emotionally and financially overwhelming. One of the biggest decisions couples face is what happens to the marital home. In this Summit Minute, I explain why it's critical to understand your financial situation before agreeing to keep the house as part of a divorce settlement.…
Mortgage rates moved higher this week following a stronger-than-expected employment report. This market update explains how robust job growth affects Federal Reserve policy, mortgage-backed securities, and ultimately home loan rates. Learn why Wall Street reacted negatively to positive employment data, what a 10-basis-point increase in mortgage rates means for buyers,…
Are you planning to buy a home? A limited-time mortgage program could help lower your monthly payment during your first year of homeownership. In this video, I explain the 1-0 Buydown program, which temporarily reduces your mortgage interest rate by 1% for the first year—at no cost to qualified homebuyers…
Mortgage rates are moving in the right direction! In this week's Rate Watch update, I discuss the latest mortgage rate trends, explains why rates have improved, and answers one of the biggest questions facing homebuyers today: Should you buy now or wait? I share insights on current mortgage rates, home…
Are mortgage rates going back to 7%? And should you buy a home now or wait? In this episode of Rate Watch, we explain how the Iran war, bond market volatility, and economic uncertainty are impacting mortgage interest rates and the housing market in 2026. Topics covered in this video:…
Mortgage rates are volatile… but this could still be your best window to buy. 👀 Breaking down week 8 of the Iran war, current mortgage interest rates, and why now may still be a smart time to buy a home. Rates are hovering just above 6%, and buyers could see…
Mortgage rates have been on a rollercoaster—but are things finally calming down? In this week’s Rate Watch, Dave Steinberg breaks down what’s happening with mortgage rates amid global uncertainty and market turbulence. After climbing from below 6% to as high as 6.5%+, rates are now starting to stabilize and move…
Are you making the biggest mistake homebuyers face in today’s competitive housing market? In this video, mortgage expert Dave Steinberg explains why starting your home search before getting pre-approved can cost you your dream home. Learn the critical difference between mortgage pre-approval and pre-qualification, and why being fully prepared gives…
Thinking about buying a home in 2026? With mortgage rates rising by 0.375%–0.5%, many buyers are wondering if now is the right time to make an offer. In this episode of Rate Watch we break down the current housing market, interest rate trends, and what it means for home buyers.…
Are you a first-time homebuyer in New York? There are powerful mortgage programs that could help you get lower interest rates, reduce closing costs, and make buying your first home more affordable. In this video, mortgage expert Dave Steinberg explains several first-time homebuyer programs available in New York City, Nassau,…
Buying your first home in 2026? Many first-time homebuyers enter the market unprepared — and that can lead to expensive mistakes. In this episode of the Summit Minute, mortgage expert Dave Steinberg shares the biggest home buying mistakes to avoid and how to prepare financially before you start house hunting.…
Are mortgage rates going down? 🤔 You may have seen headlines saying rates are dropping — but what’s really happening? In this week’s Rate Watch update, we break down: The truth about current mortgage rate trends Why headlines can be misleading Where rates are sitting right now (mid-6% range) Why…
Are you a first-time home buyer wondering how the mortgage process really works? In this episode of the Mortgages Made Easy podcast, Dave Steinberg (New York) and Candy Williams (Texas) break down everything you need to know before buying your first home. We cover: ✔️ Pre-qualification vs pre-approval – what’s…
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding - Connect with me: Office: 718.575.1166 Email: dave@summitfunding.com https://summitfunding.com - Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services 7030 137 Street, Kew Gardens Hills, NY 11367 Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151)…
Are you wondering if now is the right time to refinance your mortgage? With interest rates dropping from around 7% to near 6%, many homeowners who bought in late 2024 or 2025 may be able to save real money—even without a huge rate drop. In this Summit Minute, we break…
Buying a home? 🏡 Don’t skip your emergency fund! An emergency fund protects you from unexpected home repairs, job loss, or surprise expenses after closing. Before you buy a house, make sure you have enough savings to cover 3–6 months of expenses—on top of your down payment and closing costs.…
Mortgage rates are slowly improving, and the housing market is starting to recover. In this Rate Watch update, mortgage expert Dave Steinberg breaks down why waiting could cost you and why acting before the summer buying season may be a smart move. If you’re thinking about buying a home, refinancing,…
Texas is a buyer’s market. New York isn’t. Here’s how that changes everything for homebuyers. Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding - Connect with me: Office: 718.575.1166 Email: dave@summitfunding.com https://summitfunding.com - Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services 7030 137…
In this episode of Mortgages Made Easy, we compare Texas vs. New York real estate markets with top loan officers from both regions. From first-time homebuyers and buyer’s markets to winning bidding wars and beating cash offers, this conversation breaks down what buyers actually need to know in today’s housing…
Mortgage rates are officially below 6% in early 2026, down nearly 8% from last year — but should you buy now or wait for even lower rates? 🤔 In this episode of Rate Watch, mortgage expert Dave Steinberg breaks down what today’s interest rates mean for homebuyers, why waiting can…
Your credit score is one of the most important factors lenders use when approving a mortgage loan, along with your income and assets. In this video, mortgage expert Dave Steinberg explains how credit scores affect your ability to buy a home, what credit score you need to qualify, and how…
What is an escrow account and how does it work with your mortgage? In this video, mortgage expert Dave Steinberg breaks down escrow accounts in simple terms. Learn how lenders collect monthly payments for property taxes and homeowners insurance, why you pay insurance upfront at closing, and what happens when…
The Fed dropped rates this week — but what does that actually mean for mortgage rates? 🤔 In this episode of Rate Watch, mortgage expert Dave Steinberg breaks down why mortgage rates stayed stable, who’s seeing better pricing, and why asking “What’s the rate?” is the wrong question. You’ll learn:…
Stop Believing the 20% Down Payment Myth! 🏡 In this video, we explain why you don’t need 20% down to buy a home—and how today’s lower mortgage insurance costs can open the door to smarter financial decisions. Whether you're a first-time homebuyer or planning your next move, understanding your down…
