Richmond County Mortgage

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Richmond County Mortgage Mortgage Broker serving all of NY State. Call to find out what you qualify for today! NMLS #19161

At Richmond County Mortgage, we strive to make customer service our priority. Our mission is to serve our customers with honesty, integrity, and competence. We have a hands-on approach and constant contact with each borrower, making it as seamless as possible throughout the mortgage process.

You see a lower rate and immediately think: “That lender is cheaper.”🧛 Not so fast.The interest rate is important, but i...
10/16/2026

You see a lower rate and immediately think: “That lender is cheaper.”

🧛 Not so fast.

The interest rate is important, but it’s not the only number that matters when comparing mortgage options.

Fees, discount points, mortgage insurance, cash needed at closing, and the overall loan structure can change the picture.

Two loan estimates that look similar at first glance can have meaningful differences once you look at the details.

So yes, ask about the rate.

Then keep asking questions.

That’s how you become a better buyer.

Save this before you start comparing Loan Estimates.

📞 (718) 356-2900
📧 [email protected]

🏡 MORTGAGE RATES HOLD STEADY AT 7.40%! 📊After last week's sharp increase, mortgage rates are taking a breather!According...
10/15/2026

🏡 MORTGAGE RATES HOLD STEADY AT 7.40%! 📊

After last week's sharp increase, mortgage rates are taking a breather!

According to Freddie Mac, the average 30-year fixed mortgage rate remained at 7.40% this week, as persistent inflation and economic uncertainty continue to impact the housing market.

💡 What does this mean for buyers?

Higher rates can impact affordability, but waiting for rates to drop isn't always the best strategy. Your credit, down payment, and loan options all play a role in finding the right mortgage for you.

At Richmond County Mortgage, we make better buyers by making more educated buyers!

📲 Ready to explore your options? Call us at (718) 356-2900.

Check out the link below to read Freddie Mac's full weekly mortgage rate update!

🔗 https://bit.ly/4i3tGJN

Your credit score might be living rent-free in your head. 👻Here’s what we want buyers to understand:Mortgage financing i...
10/13/2026

Your credit score might be living rent-free in your head. 👻

Here’s what we want buyers to understand:

Mortgage financing isn’t as simple as:
“Good score = yes.”
“Bad score = no.”

Eligibility depends on your complete financial profile and the requirements of the loan program being considered.

If credit is the reason you’ve been afraid to even start the conversation, start with information instead of assumptions.

You don’t need to guess your way through this.

Save this for later — or send it to the friend who checks their credit score 14 times a week. 😂

📞 (718) 356-2900
📧 [email protected]

Your Closing Disclosure, often called the CD, is one of the most important documents you'll receive before closing on yo...
10/12/2026

Your Closing Disclosure, often called the CD, is one of the most important documents you'll receive before closing on your home.

It gives you a final look at key details, including:
🏠 Loan amount and terms
📉 Interest rate
💵 Monthly principal and interest payment
📝 Closing costs
💰 Cash to close
🏦 Taxes, insurance, and escrow information
📊 Other important loan details

For most mortgages covered by federal disclosure rules, borrowers must receive the Closing Disclosure at least three business days before closing, giving you time to review the numbers and ask questions.

💡 Pro Tip: Compare your Closing Disclosure with the Loan Estimate you received earlier in the process. If something looks different or you don't understand a charge, ask your mortgage professional before you get to the closing table.

An educated buyer isn't just ready to buy. They're ready to understand what they're signing.

Wishing everyone a meaningful Columbus Day.Today is an opportunity to recognize the history, heritage, and traditions th...
10/12/2026

Wishing everyone a meaningful Columbus Day.

Today is an opportunity to recognize the history, heritage, and traditions that have shaped our communities, while also acknowledging the many cultures and perspectives that are part of our shared story.

However you observe the day, we hope you enjoy it with family, friends, and community.

From all of us at Richmond County Mortgage.

The 20% down payment myth refuses to die. 🧟A lot of buyers assume they need to save 20% before they can even start talki...
10/09/2026

The 20% down payment myth refuses to die. 🧟

A lot of buyers assume they need to save 20% before they can even start talking about buying a home.

That’s not necessarily the case.

Down-payment requirements depend on the loan program and the borrower’s complete financial profile.

So before you spend the next few years waiting because someone told you “you need 20%,” find out what your actual options look like.

You may be closer than you think.

Send this to someone who keeps saying, “I’m waiting until I have 20%.”

📞 (718) 356-2900
📧 [email protected]

📈 Mortgage Rates Hit 7.40%: What Buyers Need to Know!Mortgage rates are climbing again, and this week's Freddie Mac upda...
10/08/2026

📈 Mortgage Rates Hit 7.40%: What Buyers Need to Know!

Mortgage rates are climbing again, and this week's Freddie Mac update shows just how quickly the market can change.

🏡 As of October 8, 2026:
The average 30-year fixed mortgage rate has risen to 7.40%, up from 7.28% last week. That's the highest level in nearly three years.

🌐 https://bit.ly/3TGICoZ

What's driving the increase? Rising Treasury yields, persistent inflation concerns, and economic uncertainty are putting upward pressure on mortgage rates.

💡 But higher rates don't mean your homeownership goals have to be put on hold.

Here's what buyers should focus on right now:

✅ Know your numbers. Get pre-approved so you understand your buying power and what monthly payment fits your budget.

✅ Explore your loan options. Different mortgage programs, loan terms, and rate structures can make a difference in your overall costs.

✅ Strengthen your financial profile. Your credit score, debt-to-income ratio, and down payment can all influence the rate you're offered.

✅ Look beyond the advertised rate. Compare the total cost of borrowing, including closing costs, fees, and discount points.

The bottom line? You can't control the mortgage market, but you can control how prepared you are to buy.

At Richmond County Mortgage, we believe educated buyers make better buyers. We're here to help you understand your options and make informed decisions, even in a challenging rate environment.

📲 Have questions about today's rates or your buying power? Call us at (718) 356-2900 to start the conversation!

🏡 Real estate investors, let’s talk 1031 Exchanges.Selling an investment property doesn’t always mean you have to pay ca...
10/07/2026

🏡 Real estate investors, let’s talk 1031 Exchanges.

Selling an investment property doesn’t always mean you have to pay capital gains taxes right away. A 1031 Exchange may allow you to defer those taxes by reinvesting the proceeds into another qualifying investment property.

Why do investors use them?
💰 Keep more money working for you
🏘️ Diversify or adjust your real estate portfolio
📈 Continue building long-term wealth

But timing matters!

⏰ You generally have 45 days to identify a replacement property and 180 days to close, so having the right professionals in your corner is key.

👉 Swipe through for the 1031 Exchange basics, and save this post for your next investment move!

Have questions about financing an investment property? Let’s talk.
📲 (718) 356-2900
📧 [email protected]

POV: You found THE house, and now you're finally looking at financing. 😱That is not the order we recommend.Understanding...
10/06/2026

POV: You found THE house, and now you're finally looking at financing. 😱

That is not the order we recommend.

Understanding your financing early can help you shop with a clearer idea of your price range, potential payment, and overall comfort zone.

Because scrolling Zillow is fun.

Falling in love with a house before understanding the numbers?

That’s the horror movie. 🎃

Know someone planning to buy soon? Send them this before the house hunt starts.

📞 (718) 356-2900
📧 [email protected]

A seller’s concession can be a valuable tool when structuring a home purchase.Instead of reducing the purchase price, a ...
10/05/2026

A seller’s concession can be a valuable tool when structuring a home purchase.

Instead of reducing the purchase price, a seller may agree to contribute toward certain buyer closing costs, which could include eligible lender fees, title-related expenses, prepaid taxes and insurance, or discount points.

For a buyer, that can mean less cash needed at closing and more money left in the bank after getting the keys.

But there are limits. How much a seller can contribute depends on factors such as the loan program, down payment, occupancy, and property type, and concessions generally cannot be used to simply give the buyer cash back.

The takeaway? Purchase price isn't the only thing that can be negotiated. A knowledgeable real estate agent and mortgage professional can help you understand how seller concessions may fit into your overall buying strategy.

Address

3191 Richmond Road
New York, NY
10306

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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