You locked in a fixed  interest rate when you bought your home—so why did your monthly mortgage payment suddenly increase? You’re not alone! This is one of the most common questions we get from homeowners. The truth is: your interest rate is fixed, but other parts of your mortgage payment can still change over time.  Let’s break it down. Why Your Mortgage Payment Can Increase (Even With a Fixed Rate) Your monthly payment is made up of more than just principal and interest. I

Buying a home in Queens? You’re going to hear a lot  of new terms at closing—and two of the most confusing are Title Insurance  and Homeowners Insurance . Even though both are essential parts of a smooth purchase, they protect you from totally different  risks. Here’s the breakdown every first-time buyer should know. 👇 ✅ What Is Title Insurance? Title insurance protects you from past problems  with the property’s ownership—issues that happened before  you b

We’re excited to congratulate our buyers on their brand-new home in Farmingdale, NY! 🏡 This beautiful property features 4 bedrooms, 2 bathrooms, and 1,283 sq. ft. of living space —a perfect fit for their growing family. 📊 The Numbers Behind the Purchase Purchase Price:  $609,000 Down Payment (20%):  $121,800 Household Income:  $123,000 Monthly Debts:  $694 Property Taxes:  $9,944/year Home Insurance:  $2,020/year Monthly Payment (with escrow):  $4,197.56 Clo

Congratulations to our outstanding realtors and mortgage brokers at LJ Realty  and LJ Mortgage Team Inc.  for making this dream a...