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111-07 101 Ave, Richmond Hill, NY 11419

Know the Numbers

Credit Report

Typically, it costs under $50 to check your credit. With your permission the lender will order a review of your outstanding loans and your repayment history from a third party credit agency.

Application / Processing Fee

This cost, typically a few hundred dollars, is charged to cover the lender’s work to evaluate your ability to repay the loan. Some lenders will credit this back to you upon closing.

What is APR?

The APR, or annual percentage rate, is the sum total of all your borrowing costs expressed as a percentage interest rate charged on the loan balance.

For example: After fees, the original interest rate quote of 5.875% might work out to a 6% APR loan, where the interest costs about $6,000 per year for every $100,000 borrowed, and the principal payments are calculated based on the length of the loan term (for example 15, 20, or 30 years).

Indexes

The interest rates on variable loans readjust periodically based on changes in an index. Typical indexes include the Federal Funds Rate, Treasury Bill.

Points

When mortgage companies are competing by offering lower interest rates, they may charge you a one-time pre-paid interest payment calculated as a percentage of the loan. Called points”, this may range from 0.25% to 2% of the loan balance, and is usually paid up front. Points are tax-deductible; consult with your tax advisor.

Appraisal Cost

Lenders hire experienced, often independent appraisers to evaluate the property’s purchase price, condition and size compared to similar recent neighborhood sales. This helps ensure the purchase price is not too high, and gives the lender more confidence in getting repaid in the event they are forced to sell the property if the borrower defaults. The appraisal costs vary depending on the property, type of appraisal, and region.

Miscellaneous Fees

Expect to see various charges incurred in the processing of your loan which might include notary, courier, and county recording fees.

Prepayment Penalties

These vary widely, so be sure you know in advance if your lender will charge a penalty if you refinance or sell, and the certain period during which the penalties apply.

Client

Reviews

Nothing less than perfect experience with him .Completely exceptional .i just bought house in valley stream for over 1million which we fell in love with.Agent Kumar made sure everything goes smooth and very happy with his service . Will def recommend all my friend and family.

Anonymous

I just bought the house 2 days ago in Ozone Park. I would highly recommend Avinish kumar for buying or selling homes. He has been very helpful every step of the way. A very sincere and honest realtor. Again I am completely satisfied and I highly recommend everyone.

Anonymous

One of the best agent in NYC. He did an amazing job. We went to him 2-3 months ago just to discuss about the paper requirements to buy a house, and today here we are sitting in our new house. Always there to help you even on weekends. Has great knowledge, high professionalism. Have already recommended him to 2 of my friends.

Anonymous

we were a first time home buyer. Avnish helps us a lot with the process.we highly recommend him for your new house. he is always there to help you. he has a lot of experience in this area.

Anonymous

Excellent service and very knowledge able about the market. Helped me get my home and I got a great deal!! I felt very comfortable working with him and he made sure I’m getting a good deal.

Anonymous

Consummate professional and a person of high integrity in a business where this is not the norm. Works hard and is always available and very generous with his time, which is needed during the difficult and always stressful selling process. We recommend him enthusiastically and without reservation!

Anonymous

He is a professional has alot of knowledge and helps you all the way clear things for first time home buyers treats his clients like his family it's always good to do business with a person with a lot of knowledge I will always do business with him. Helped me with buying my house for a very good price

Anonymous

Raj is an expert in real estate. He helped me sell three houses in Queens with utmost professionalism and care. He made sure all the transactions went smoothly. I would highly recommend him for your real estate needs.

baljinder kaur

Raj was very helpful in finding property. His expertise helped us to find right property in good neighborhood. He also helped us for mortgage options.

Anonymous

I purchased three property through Avnish Kumar(Raj) and sold two property with Excellent experience. He advised me every step and save my lots of money.he has so knowledge and lots of experience in Real Estate.

Anonymous
Vision Real Estate NY