Members of Residential Home Funding attended the NJ Bankers golf outing yesterday! All proceeds from that event went to the Special Olympics.
Thank you Brian Cashman, Yankee General Manager, for your generous donation to the silent auction at today’s RHF Foundation Charity Golf Outing!
GARDEN CITY, N.Y., MAY 6, 2014 – RE/MAX of New York, Inc., introduces Residential Home Funding Corp. (RH Funding Corp.) to the region as its preferred lender. Residential Home Funding Corp., established in 2001 as a correspondent mortgage banker, is the 87th largest producer of residential mortgages in America. The company owned by Thomas Marinaro and Robert Lupi, David Stein and Julio Salazar is headquartered in White Plains, New York.
“We welcome this opportunity to partner with the largest and most respected real estate brand in New York State. Our focus is on being a partner with RE/MAX professionals and to be the lender of choice for their customers by offering diverse and competitive mortgage financing options,” said Roberto Lupi
With a diverse customer base that includes first time home buyers as well as high net worth individuals, Residential Home Funding Corp., provides the appropriate financing to meet all the specific needs of RE/MAX customers. Residential Home Funding is a FHA, VA, and Fannie Mae direct endorsed lender. Its financial products include commercial and reverse mortgages, jumbo and super jumbo loans up to 5 million dollars and more. It is a leader in Champion Mortgage Loans for police, firemen, EMTs, teachers, doctors, veterans and municipal employees for New York State.
“We will be building relationships with RE/MAX professionals across the State. Our efforts will include co-marketing our brands in support of agents and their business growth. We will also offer programs and education to them about the advantages or our products and our approaches,” said Thomas Marinaro
“RE/MAX of New York and Residential Home Funding share the goal of achieving the best outcomes for first time residential home buyers as well as for clients involved in multimillion dollar transactions. We selected Residential Home Funding because they are a local corporation offering a comprehensive range of products and services,” said Henry Weber, President and Regional Director of RE/MAX of New York, Inc.
“Not only does RE/MAX and Residential Home Funding have a mutual commitment to consumers, we also share a commitment to the young people in the communities we serve. RE/MAX is a longtime supporter of the Children’s Miracle Network (CMN). Residential Home Funding has an impressive record of support for the Maria Fareri Children’s Hospital through its Foundation. Maria Fareri Hospital serves the children in the Hudson Valley and Fairfield County and is a member hospital in the Children’s Miracle Network,” Henry Weber added.
About RE/MAX of New York, Inc.
Headquartered in Garden City, New York, RE/MAX of New York, Inc., is a leader in the sale of residential and commercial real estate in New York State. Entrepreneur ranked RE/MAX as the number one real estate franchise, and RE/MAX is recognized as the number one brand in the sector. RE/MAX of New York is home to the State’s largest and most experienced real estate sales force. The organization has completed over 100,000 transactions over the past 10 years. For information on residential and commercial real estate resources, please visit www.remax-newyork.com
Residential Home Funding, John Finkle, and David Wood support the Marine Corps-Law Enforcement Foundation. This organization supports the children of Marines and Police Officers who were killed in the line of duty.
Jeff Levin & Angelique Belfield, mortgage loan originators at Residential Home Funding, attended the Hudson County’s Educator’s Association/Buyer’s Edge event in Florham Park, NJ on Friday, May 2nd. They had a great time and had the opportunity to speak to many people about some of the special products Residential Home Funding has to offer!
Who doesn’t love SHREK? Come to SHREK The Musical on May 23rd. All proceeds go to Benefit DEBORAH Heart and Lung Cancer. The event is being co sponsored by Realty Executives and Residential Home Funding.
For More information or tickets, go to www.DeborahGPA.com
We sat down with the “Mortgage Guy with the Bow Tie”, Rick Riddle to get his take on the spring market. Here is an excerpt from the interview:
RHF: So what do you see going on in the real estate market?
Rick Riddle: After an unusual slow start to the year, we are starting to see increased activity, specifically in open houses.
RHF: What do you attribute the slow start to?
Rick Riddle: For starters, the weather. We had one of the worst winters in the north east. It was bitter cold and the snow would knock us out for days. In February for example, we had like 11 working days. Not only does the weather keep potential buyers from getting out and looking, it makes it very tough for new inventory to come on.
RHF: What is your take on the Spring Market?
Rick Riddle: It looks like in the North East we are about 6 weeks behind. If you look at other warmer client markets like Florida, you see that real estate is in full recovery. As soon as the grass turns green, the market will be in full bloom
RHF: Is it a buyers market or a sellers market?
Rick Riddle: That’s a great question. I would say a little bit of both. There is no question that NOW is the time to buy. Rates will be higher next Spring and I expect prices will too. We are starting to see expanded mortgage programs which will allow more buyers to qualify.
That being said, Inventory is low. For the last couple of years we saw 3 houses for 1 buyer, but now it is 3 buyers for every house. Going back many years to me Econ 101 class in college; When the supply can’t meet buyer demand, prices will rise resulting in a Seller’s market.
RHF: Is there one particular market that is stronger than another?
Rick Riddle: Since 2011, we have seen the number of units sold in the north east go up, but the average sales price hasn’t. I attribute that to the fact that people sold because they had to, not because they wanted to. People were selling homes short because they couldn’t afford the mortgage payments. The first time buyer market the last couple of years was very strong. I see that changing. More people will be able to sell with equity because of the high demand/low supply which will result in more move up buyers.
RHF: What advice to you give to people on the sidelines?
Rick Riddle: Call a Realtor Today! Find out what your home is worth today. You may be pleasantly surprised. Then call a mortgage professional at RHF to see what you can qualify for. It is going to be a once in a lifetime opportunity to buy your DREAM Home.
Affectionately known as the “Mortgage Guy with the Bow Tie”, Rick Riddle, Director of Sales at Residential Home Funding, brings extensive knowledge, extreme passion, exceptional customer service, as well as, a sense of humor to the real estate and mortgage industry.
Congratulations to Rich Nailes and Sharae Crafton for an outstanding job assisting a first time homebuyer purchase her first home! RHF’s favorite part of the letter is “I am happy to say that with Richard and Share’s help, we now live in our own home! However I feel a void that Rich and Sharae are no longer a part of my day.” We are happy to have you both on our team representing RHF!
Check out the full testimonial:
March 27th, 2014
To Whom It May Concern:
I am writing this letter as a testament to the wonderful service I received from Mr. Richard Nailes and his Assistant Sharae Crafton of RH Funding.
After 35 years of living in a rental apartment, we were suddenly told that we had to vacate because my landlord was selling his home. We had no intent to buy a home, however we realized after looking at high rents, that to would be to our advantage to buy something. We had limited resources and a small window of time in which we needed to vacate. The situation looked bleak!
We panicked and began reaching out to random real estate people and banks, who promised us great rates, but for whatever reason, I never did feel comfortable with any of them.
I don’t remember quite how, it had to be an act of God, but I happened upon Rich Nailes. From the first moment of contact, I felt his charisma; he was the kindest and most helpful person I had come in contact with thus far.
Being people who had no idea about mortgages and what the process entailed, I was overwhelmed by Rich’s attention to our needs; his patience with us when out of worry, I asked him the same questions over and over again, which he answered over and over again with patience. He shared his phone number and said that we could text him anytime with any questions that we might have, even on a weekend or late in the evening. He was always available and made sure that at the end of our conversations, we understood the answer. He walked us through the process step by step and made us feel comfortable all the way. At one point, I had made contact with him on a Saturday afternoon about 4:30. He texted me and said he was on his way to church, but he would answer me afterward. Here was a young man, an extremely hard worker, who like many young people could have been interested in any other activities on a Saturday, but he chose to attend church! At that very moment I knew that he was sent by God to help us. He is a witness to faith and it shows. This touched me very much and as a result, I returned to church after several years of non-attendance.
Then Sharae Crafton, Rich’s assistant was introduced to us as the person who would be working with Rich, assisting with expediting the paperwork that was needed. Sharae is one of the nicest and kindest people I have come across in the business world. She too was a blessing because is very knowledgeable and takes her role very seriously.
Sharae maintained ongoing communication with me to ensure that we understood what we needed and explained each document to us. She constantly reassured me not to worry and that the process would be as smooth as possible and everything would be okay. There were many times when I thought that I wanted to throw in the towel, but Sharae told me to be patient and that it would all work out.
We had hit a few bumps in the road with the property certifications and the other partie’s failure to move as swiftly as we needed them to. I would reach out to Sharae, and she would intervene with the other parties to “make it happen”.
Once again, Sharae had the patience of a saint and never made me feel bad about calling and emailing many times in a day with my questions and frustrations.
I would absolutely recommend Rich Nailes and Sharae Crafton, two very wonderful inviduals, to any associate of mine.
I am happy to say that with Richard and Share’s help, we now live in our own home! However I feel a void that Rich and Sharae are no longer a part of my day.
RHF is sponsoring the third annual “Taste of Teaneck”, a showcase of delicious foods from area restaurants, sweets and treats from bakeries, plus entertainment, raffles, a Tricky Tray, and an evening of celebration of Teaneck’s community spirit. The ultimate food and cultural experience.
The event is being held on Monday, April 28th from 6:00PM- 9:00 PM at the Teaneck Marriot at Glenpointe.
Register for the event at http://www.tasteofteaneck.com/admission/
Fabulous raffles of items donated by local merchants. All proceeds are donated to local charities and international humanitarian projects.
We hope you all can come to the Taste of Teaneck!