• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Blogs

Co-Signing A Loan . . . What Can Go Wrong?

Have you been asked by someone to co-sign on their loan? Before saying yes, even if it is a close relative, you should be aware of the many potential consequences to your own financial situation which could result from the decision. Here are some facts that you should consider:

► As a co-signer, you are essentially taking the loan out yourself. You share in all the responsibilities that go along with the loan. The borrower couldn't get the loan without your "guarantee", so essentially the lender cares more about you than the other borrower. It directly affects your credit and your ability to qualify for your own loans during the period that the loan is outstanding. 

What to Expect from a Smoker's Home

Smoking has become less and less popular over the decades, with the CDC reporting that the proportion of U.S. adults who smoke dropped from 20.9% in 2005 to 15.5% in 2016. Still, that number means that around 38 million potential home sellers are active smokers. Those who do smoke might be interested in learning just how much it reduces the value of their home, while everyone else is likely interested in knowing how to eliminate the smell of cigarettes from their new abode. Realtor.com recently wrote about this topic, offering some useful advice on how to deal with a smoker's home.

Buying a Home? Beware These Compromises

Without a doubt, compromise is an important part of the home-buying process. In fact, you are almost guaranteed to come up empty-handed unless you are willing to forego some of those items on your dream house checklist. Unfortunately, there is a fine line between making reasonable compromises and living with regret. No matter how frustrated you might become during the search for a new home, the following are some compromises that aren't worth making.