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All agents are NOT alike! Find out why we are top real estate experts. Call us: Buyers Hotline 585-279-8210 or Sellers Hotline 585-261-6070.

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"Couldn't have bought with out them!"
We wanted to buy a home but were still in a lease that we could not get out of. Everyone said we had to wait to buy a home, they made it happen!"
-Greg S.
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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! 

It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. 

Remember: As top Rochester area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 



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Real Estate Tips
Financing Your Home >Balloon Mortgages

In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.

Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.

See All Tips In The "Financing Your Home" Category >
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Real Estate Trivia
Q 
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?

A 
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.
See More Real Estate Trivia >


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Salafia Sold Team - Nunzio, Sal & Davide Salafia, REALTOR®, real estate agent and broker for Rochester, New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Sal, Nunzio and Davide Salafia
RE/MAX Plus

2171 Monroe Ave
Rochester, NY 14618
Buyers Hotline: 585-279-8210
Sellers Hotline: 585-261-6070
Fax: 585-279-8227
SalafiaOnline@yahoo.com

We are Experienced, Knowledgable and Committed to providing you the excellent Customer Service you expect! Our Team Sells more Homes in Rochester New York and Monroe County than any other Realtor. We have been the #1 Agent in New York State for the past 17 Consecutive Years. Selling A Home In Rochester New York? Buying A Home in Rochester New York? Call us! You have just found Rochester New York's Top Realtor!* We have been The top Re/max Team for the longest consecutive years! *All claims based on homes sold $70,000 and above. **By completing and submitting this form, you are authorizing The Salafia Sold Team and RE/Max Plus to access and review your credit information.

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