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In the Community

In the middle of receiving phone calls and texts and juggling paperwork, Joel Slutsky, a Loan Originator at Homestead Funding, finds time to help his community. For the past 25 years, he has worked with various charities in the Capital Region of New York. Throughout that time, he has been able to raise over $1.75 million for local kids in need.

This past Sunday, Joel was honored by being inducted into the Ronald McDonald House of the Capital Region’s Hall of Fame at the organization’s Heroes of the House Dinner. The Ronald McDonald House is a non-profit organization dedicated to supporting the family members of children who are affected by serious illnesses. The organization offers families home-cooked meals and even a place to stay so they can focus on what’s important – making sure their kids get better.

“I was a lucky kid growing up,” Joel said, “and I’m a big believer in giving back.” His parents were both involved with charities when he was growing up, so it has been a part of life for him since he can remember. He said he especially loves helping children. He went on to say that he keeps up with his fundraising endeavors because, “my worst day is someone else’s best day.” 

Joel has been involved with the Ronald McDonald House for the past seven years. He helped to organize the Ronald McDonald House NFL Hall of Fame Golf Classic, which has raised over $500k to benefit the organization since the event’s inception. Joel explained that while there are many fundraising events during the summer months, this one stands out because of the food stations on the golf course, the NFL Hall of Famers who join in, and a special visit from professional golfer Blaine McCallister.

Thank you, Joel, and his supporters for working so hard to support this amazing organization.

For more information about the Ronald McDonald House, please visit their website: https://www.rmhcofalbany.org/


In the Community

Nearly 60 people attended Homestead Funding’s Hope for Haiti fundraiser on Thursday and thanks to the generosity of the
attendees, over $2,000 was raised to benefit the organization!

Amidst the food, raffles and giveaways, a message of perseverance, hope and gratitude was shared. Mell Meus, a Loan Originator for Homestead Funding, was one of the people to spearhead this event. He shared that his grandfather had recently returned from a trip to Haiti. “It really makes you appreciate what you have,” Meus said. “Every dollar we collect makes a difference.”

Hope for Haiti is a non-profit organization that has been helping the people of Haiti for nearly 30 years. By focusing on areas that help with long-term sustainability, Hope for Haiti is able to provide a positive impact for the Haitian people.

If you would like more information about Hope for Haiti, please visit their website:http://hopeforhaiti.com

We would like to thank everyone who attended, donated, and worked on putting this event together!


Informational

Home Possible

May 10
4:36
PM
Category | Informational

We are excited to announce that Homestead Funding Corp. is expanding our mortgage product line to include Freddie Mac’s Home Possible® program.  Home Possible® offers both purchase and refinance options with outstanding flexibility to meet a variety of borrowers’ needs.   Home Possible® allows us to provide home ownership possibilities to more individuals who otherwise might not be eligible.  This program is ideal for first-time homebuyers, move-up borrowers and retirees, as well as low-to moderate income borrowers.

Although there is no first-time home buyer requirement, if you are taking advantage of Home Possible® as a first-time buyer, you will be required to complete home buyer education. Benefits of this program include 97% financing, only 3% down required, stable monthly payments from a fixed rates mortgage, flexible sources of funds, and 3% seller concessions available.  More liberal income limits are available in higher cost areas, as well as lower private mortgage insurance (PMI) rates. These benefits help to make this program a good option for many individuals.  For more details about this program or other home financing options, please contact your Licensed Loan Originator today! 


Informational

By now I’m sure you’ve heard the news that we are currently in a seller’s market. But what does this mean for the housing industry? Basically, it means that there are more homebuyers in the market than there are homes for sale.  Based on the laws of supply and demand, this means that there is heavy competition, and you’re more likely to end up in a bidding war. However, there is one thing you can do to ensure that you are a step above the rest when entering this type of situation. Get preapproved first, with Homestead Funding Corp.

What does it mean to get preapproved? A mortgage preapproval is a commitment from your lender stating how much they would be willing to lend you after evaluating your financial situation. Before you look at homes, a Licensed Loan Originator will review your financial documents, including your credit report, pay stubs, bank statements, and the past two years of W-2s, and have an underwriter review and approve the loan terms.  A preapproval should speed up the loan process significantly and will make you and your offer much more attractive to many sellers.

Having a preapproval letter demonstrates to the seller and seller’s agent that not only are you serious about purchasing, but also that you’ve already been preapproved to purchase a home in a certain price range. Buyers with prequalification letters may also be qualified to purchase but if a seller is deciding between a preapproval offer and a prequalification they will choose the buyer with the preapproval letter assuming all other terms are equal.

As we move further into 2017, the housing industry is continuing to be a seller’s market. Buying a house will continue to be competitive, but you’ll be sure to succeed so long as you’re prepared. Arm yourself with the proper tools—an experienced Realtor, a lot of research, and a willingness to be flexible—and most importantly, prove to sellers that you’re serious by getting preapproved prior to shopping. 


Informational

Be The Sharpest Tool In The Shed

May 10
10:07
AM
Category | Informational

When you think of a backyard shed, most people associate it with the filling of tools, lawn ornaments, outdoor toys, and gardening supplies. A new trend, however, takes these outdoor storage spaces and turns them into a place to escape and relax. Sheds are quickly becoming sources of relaxation in the form of workspaces, outdoor entertainment areas, or mini home-away-from-homes’. Sound appealing? Well, here are a few fun shed ideas that may fit your lifestyle and enhance your home. Enjoy our shedspiration.

Hobby Space or Outside Home Office: It’s an issue many people face. We love our hobbies, but never seem to have room for them. Designating an entire room in the house is challenging, and hardly ever works out the way we want it to. So, why not move your passion outside and into its own space! In fact, separating yourself from the responsibilities that exist in your home could help make your hobbies more relaxing. And as a bonus, you won’t have to stress about cleaning up and putting everything back into storage until you get another free afternoon. In addition to a hobby space, you could also turn a backyard shed into a seasonal home office. It might make having to work through the summer a bit more enjoyable.  

Backyard Bar: If you like to entertain, turning your shed into a mini-bar or entertainment space makes the perfect addition to any outdoor get together! It’s like a pergola or gazebo, but way cooler. You can add a bar window and some stools, or even create an entire indoor space with tables and chairs. Make it enclosed for a more intimate feel, or keep the front open with a fire pit nearby for everyone to enjoy. It can be relaxed and comfy or modern and refined. The possibilities are endless, and no matter what you choose, your guests will be impressed.

She Sheds: We’ve all heard of the classic man cave. It’s now time for the she shed. She sheds are being created as cozy little spaces where the busy woman can go to relax; and a backyard shed makes the perfect spot! Turn it into a reading or gardening nook, make it your zen yoga space, or just fill it with all the things that make you happy. The she shed is the new necessary space that every woman deserves.

So, if you’re looking for the perfect summer project, let these ideas float around in your shed for a bit and make some time in your schedule to create the perfectly renovated shedquarters that fits your lifestyle. There are so many more opt-sheds for you to choose from, but I promise you’ll come out feeling acompli-shed with your new addition!


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