EXIT Realty Premier Blog
Long Island schools: Where taxpayers' money goes
Administrative costs average 10 percent in 2018-19 and vary widely among districts. Funding for teachers, student programs and busing averages 77 percent, and capital expenses make up the rest.
Students at Selden's New Lane Elementary School, in the Middle Country school district, gather in May 2018 to mark the start of the Suffolk County School Recycling Pilot Program, an initiative aimed at helping schools meet the state's recycling re...
Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]
Some Highlights:
- The average down payment for first-time homebuyers is only 6%!
- Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
- 88% of property managers raised their rents in the last 12 months!
- The average credit score on approved loans continues to fall across many loan types!
Your Home’s Spring Maintenance Checklist [INFOGRAPHIC]
Some Highlights:
- Every spring, your home needs some extra TLC!
- Whether you plan on selling your home this spring or not, conducting this maintenance will help ensure your home functions well for the rest of the year.
- Your Exit Realty Premier agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!
What Credit Score Do You Need To Buy A House?
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed!
Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian:
16% Very Poor (300-579) 18% Fair (580-669) 21% Good (670-739) 25% Very Good (740-799) 20% E...
Those who grew up in central Long Island on the South Shore during the ’70s, ’80s and ’90s likely spent an inordinate amount of time shuttling back and forth on Sunrise Highway to Massapequa, a long-standing area hub for retail, restaurants, and more retail. Between the venerable Sunrise Mall and the flea-market charm of Busy Bee Mall nearby, Massapequa was the essential place you went to shop and people-watch, and for dietarily adventurousness, maybe even grab some White Castle.
Today, Busy...
Want To Increase Your Family’s Wealth? Here’s How!
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.
Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit m...
