Allison Jaffe | Bronx Real Estate, Westchester Real Estate, Manhattan Real Estate


395 Westchester Avenue, Port Chester, NY 10573  

Residential
$149,900
Price
1
Bedrooms
1
Baths
This newly, completely, and uniquely renovated, 760sf, one-bedroom co-op is full of attractive features creating a move-in ready home with a private balcony, loads of closet space, immediate parking, laundry, elevator, and a common outdoor pool and BBQ grill conveniently located just a half-mile from MetroNorth and downtown Port Chester. Everything is brand new, the hardwood floors are refinished, walls and doors are freshly painted, the galley kitchen is fully equipped, the full-hight kitchen cabinets have soft-close doors and draws, new through-the-wall a/c units cool the entire apartment, the plumbing and electric in the apartment are updated. Westchester Cty Bus Route 13 stops on the corner; I-95 & I-287 access is minutes away. Renting and pets are prohibited. Application fee is $400; minimum 10% d/p. M/M of $1,046 includes gas, heat, and hot water. Board approval is required. Applications must be reviewed and approved prior to submission.


 

Two thirds of American homeowners are somewhere in the process of paying off a mortgage. It may seem like common sense that everyone should try to pay off their mortgage sooner rather than later. However, there are circumstances when it benefits a homeowner more to hold onto their mortgage longer.


In this article, we’ll offer some tips on paying off your mortgage, when you should refinance, and offer some tools that will help you along the long road to debt-free homeownership. If you’re a homeowner and find yourself asking these questions, read on.

I can afford to pay more each month on my mortgage, but should I?

In many cases, paying off your home as quickly as possible saves you money in the long run. A shorter loan term means less interest applied to your loan which could save you thousands of dollars in accrued interest.


What many people don’t think about is whether that money could be better spent elsewhere. If your mortgage interest rate isn’t too high, you might be better off allocating that extra income toward investments or retirement funds where they could earn you more in the long run.


This technique is typically most beneficial for younger homeowners. In your 20s and 30s you stand the most to gain from long-term investments, especially tax-benefitted retirement funds. Ultimately you’ll have to do the math, which is tricky because circumstances change; markets vary, our income goes up and down, etc. However, a good starting place is to determine whether you could earn more in retirement and investments than you could by paying off your mortgage sooner and therefore saving on interest. 

I’ve owned my home for a few years now, should I refinance?

Refinancing is a term that has become ubiquitous for homeowners. There are a few important things to understand about refinancing. First, lowering your monthly payments is not always ideal if it means you’ll end up paying more interest in the long run. Ideally, refinancing your mortgage will help you pay the least amount in total.

One way this can be accomplished is by refinancing to a 15-year fixed-rate mortgage which often darry slightly lower interest rates. This option is designed for people who have improved their credit and increased their income since signing their first mortgage.

Math isn’t my strong suit. How can I figure out my finances?

If all of the numbers and percentages associated with mortgages and refinancing seems overwhelming--you’re not alone. Fortunately, there are mortgage and refinancing calculators that will give you a good idea of where you stand if you decide to increase your payments or to attempt to refinance your loan. Here are some great tools:
  • Use this mortgage calculator for determining how much you would save by making extra payments.

  • This refinance calculator will help you understand the potential benefits of refinancing your mortgage.

  • To determine how much you could earn through investments (rather than paying more toward your mortgage) use this helpful tool.

  • You might be able to increase your savings by creating a better budget for yourself. This website will help you make a detailed budget and hold yourself accountable each month.




71 Pine Avenue, Ossining, NY 10562  

Land
$450,000
Price
This sub-dividable .63-acre, wooded, corner lot is an opportunity waiting for new vision. Village of Ossining S-50 zoning allows for the existing lot to be subdivided and developed according to Village parameters. This serene lot rises up from the corner of Pine Ave and First Ave and is connected to municipal water, sewer, and a ConEd gas line; there is a burried oil tank. It is conveniently located with easy access onto Route 9A and just over two miles to Ossining's historic downtown, active river front, and MetroNorth station (to/from Grand Central in under an hour in Peak hours and slightly over an hour Off-Peak.) An existing SF house on the property has a partial basement and needs repairs. It is an original two-bedroom cottage (c. 1926) expanded in the 1940s, and again in the 1980s for a cumulative 1598sf that now includes three bedrooms, living room, den/office, eat-in kitchen, 1.5 baths, and laundry room. Bring your vision and expertise to this leafy corner of suburbia.


Make this compact, top-floor unit your own with a little or a lot of updating. An affordable 1BR in the well-maintained, 100% owner-occupied, Forest Park Co-Op, nestled in a corner of sprawling Forest Park. Enjoy many park amenities adjacent to the co-op: golf course, ball fields, handball, playground, carousel, skate park, sitting areas, walking & bike paths. Q11, Q21, QM15, and BM5 stop at the corner, walk to Q52 & Q53 SBS at Myrtle Ave and J & Z trains at Jamaica Ave. Shop Jamaica Ave or take the short ride to Queens Center. Easy access to JRP and all highways. Low M/M of $471.35 includes electric, gas, heat, water, RE taxes; additional fees for a/c units & d/w. Max 80% financing. Application fees total $650. Flip tax $300/share w/39 shares. Two cats are allowed; dogs are not. Subletting not allowed. Building amenities: laundry room, bike room; garage & storage bins waitlisted. Co-Op Application MUST be reviewed and approved prior to submission.

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Moving to a new home quite literally uproots your entire life. From moving day on, you’ll be learning to navigate your new home and rebuilding your daily routines.

The first week in your new home is both the most excited and the most chaotic. Boxes are likely still scattered around the house, you’re constantly forgetting where the light switches are, and trying to figure out how to arrange your furniture.

With all of these changes going on it can be easy to get overwhelmed in your new home. That’s why we’ve put together this list of things you should do in your first week at your new house to get settled in and prepared for your new life.

On Moving Day

Day one of your move can only run so smoothly. As a result, it’s important to try and relax throughout the day. Remind yourself that you don’t need to unpack and arrange everything today. It’s also a good idea to keep a checklist of everything you need to accomplish on moving day, whether that’s paying movers, handing over keys, or turning on utilities.

Since the majority of your belongings will likely be in disarray for the next few days, you should make sure you have a box of your daily essentials clearly labeled that you can unpack first. We’re talking about toothbrushes, toiletries, and anything else you’ll absolutely need to get your day started.

The First Week in Your New Home

Once you’ve made it past the first day the hardest part is over. It will soon be easier to get a good night’s sleep in your new bedroom, and your morning routine will run more smoothly.

To be best prepared for the first week in your new home, we’ve prepared a checklist of important items to tackle so that you’re fully settled in as soon as possible.

  • Familiarize yourself with the home. Safety should always be your first priority, even at home. Take the time to find out where your circuit breaker is, your water main valve, light switches, fire extinguishers, and so on. Test your smoke and carbon monoxide detectors, or just change the batteries so you know the exact date they were changed.
    It’s also a good idea to develop a fire escape route. Since you and your family aren’t as familiar with the layout of your new home as your old one, it’s important to understand where the best exits are in case of an emergency. Pick a landmark outside that you’ll meet at in case of a fire.

  • Change your locks. A top priority for your first week should be changing out your locks. Not everyone is careful with their keys and discriminate in who they give them to. Whether you choose to hire a locksmith or buy and replace the locks yourself, it’s better to get this task accomplished sooner rather than later.

  • Deep clean. You won’t soon have another opportunity to clean a house that isn’t filled with meticulously arranged furniture. The first week in your new home is a good time to clean the carpets, scrub the corners of each room, and do a thorough cleaning of your refrigerator and cabinets. It’s tempting to start putting items where they’ll go as soon as you arrive, but cleaning first will save you time later. The same principle applies for painting your walls.