A vital first step to finding your dream home is figuring out how you’re going to pay for it.

There’s no one more qualified to help you navigate through the whole financing process than a local mortgage professional.

Whether you’re buying your first home, selling your existing home in order to upgrade or downgrade, or simply taking advantage of low rates by refinancing, these folks are the ones to talk to!

What’s the difference between a Mortgage Broker and a Mortgage Banker?

A Mortgage Broker searches through the offerings of several different banks to find financing options. The Broker isn’t tied to any specific bank or lending institution, so there is more flexibility when it comes to mortgage options. He or she will do all the “shopping” for you. Working with a Broker is a good option if you’re a first time home buyer.

A Mortgage Banker works for a specific bank or lending institution. He or she works with you to create an entire banking relationship. This is a good option if you already have a strong lending/banking relationship with your local bank or credit union.

  •       Mortgage Calculator


Estimate your monthly payments

 A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford.


 Simply enter the price of the home, use a zero if the down payment is unknown, override the mortgage terms if other than 30, and enter the interest rate; the calculator will do the rest.  Keep in mind that the calculator does not take in account additional fees, ie: Property taxes, home insurance, and is only an estimation tool.



Common Mortgages Available in Today’s Market

Conventional Loan
conventional loan meets the guidelines of Fannie Mae and Freddie Mac.
They are offered by private lenders, and are guaranteed or insured by any government agency.  The requirements are more stringent than Government loans.
They typically have fixed rates and terms.
FHA Loans
FHA loans have been around since 1934.   The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal. Low down payments; Low closing costs; Easy credit qualifying.

Read More: FHA Loans

FHA 203K Rehap Loan
FHA’s Limited 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home. Homebuyers and homeowners can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser.

Read More: 203(k) Rehabilitation Mortgage Insurance

VA Home Loan
If you are a Veteran, then you may be qualified for a VA loan.  These flexible, no-down payment loans have helped more than 22 million service members become homeowners since 1944.

Read more: VA Home Loan

✉ Address

Vincent Associates Real Estate 706 East Avenue Rochester, NY 14607

☎ Office Phone


Guiding you every step of the way.

We're dedicated to helping you learn all you can about real estate, about owning a home, and most of all, about buying and selling smart.