Jeff Bank No Closing Cost Mortgage
Jeff Bank has been financing my homes since the very beginning back in 2002, when they gave me $100k when I needed $400k. Since then- deal by deal, county by county, house by house - they have stuck with us and helped us grow. Even during the Great Recession when banks were pulling the rug out from under their good clients who did nothing wrong and never missed a payment, Jeff Bank's been giving us the juice we needed to keep growing. Next year they will have installed their 3rd president since I've been working with them and it's a real marker of our steadiness and progress, like counting the keys in our keybox, or going into our storage closet where the 'sales closing' binders have taken over a lot of space.
Since they are a smallish community bank who makes money the old-fashioned way - they make loans and profit from the interest, rather than selling the mortgages after originating the loans - their interest rates aren't the lowest around but they can get it done where others fear to tread.
That said, they are currently offering a no closing cost loan for residential mortgages. For those of you good with a spreadsheet, saving $10k on mortgage tax, title, etc... very quickly makes the bank competitive, plus leaves all that cash in your pocket for furniture. appliances, etc... This isn't one of those schemes where they add the costs onto the loan - they are paying for the costs - the costs are erased away.
Very few people who take out mortgage loans hold them anywhere close to 30 years, so comparing 30 yr notes and rates is misleading at best. I just bought a satellite home/office in New Paltz and did a 7 yr ARM and no matter how I look at it, the lack of painful closing costs was just an awesome way to end a real estate deal.
Call George Kinne at Jeff Bank - 845-4382-4000. He can refer you to the right department and people.
Farm 18
I was over in Narrowsburg and was taking a look at a few things under construction when we stopped by to admire the handy work at Farm 18 - house is a couple of years old, 2 babies, dog, pool.
The Name of the Homestead.
The Homestead.
The Pool.
The Pool House.
The Outdoor Shower.
The future Jacuzzi Pad. We poured that slab when we built the house, so I guess priorities changed.
A classic story of an ever-expanding upstate lifestyle built around a home that works that they love.
Home Picture Updates
As I mentioned prior, I'm trying to update all my pics from previous homes from years gone by now that the respective homeowners have moved and shown the homes some love for a few years.
Cottage 47, Narrowsburg NY. c. 2014
Mini Barn 1, Barryville NY, c. 2013
Arts and Crafts II, Barryville, NY c. 2013
Micro Cottage 3, Barryville NY, c 2010 +/-
Barn 2, Barryville, NY c. 2010
Farm 12, Barryville NY, 2011
Ranch 2, Barryville NY, c. 2010
Barn V, Narrowsburg, NY c. 2012
My house, Barryville NY c.1870 originally, updated 2008.
Cottage 18, Barryville NY c. 2009.
Cottage 23, Barryville NY, c. 2010.
Jeff Lake renovation, Jeffersonville NY c. 2005
Old School Baby.
Biggest Reward
What we do isn't easy. It's not easy for many reasons, but the biggest one needs to be the promise we are making to our clients to attempt to pull off this country home thing with the least amount of undue drama possible, and facilitate the transition to this country respite way of life as painlessly as possible - to set our clients up for success. It's an easy goal to fall short of.
So, it's always rewarding to go back in a year later for the punch list and see a family really enjoying themselves, with simple homey pleasures of space and time and family.
Was up at Farm 24 today, and it was really looking good.
