If you have just bought a home or are in the process of buying one, you may have a good idea what mortgage insurance is. It is quite possible you’re paying it right now. To make things affordable for homebuyers, one of the prerequisites of opting for a mortgage via any lending organization is getting mortgage insurance on specific varieties of loans.
The fundamental advantage of mortgage insurance is securing the lender and shielding it from a financial risk or uncertainty on behalf of the homebuyer. But it also makes accessibility for the homebuyer easy even if they do not have a truckload of money to pay for it up front. Sure, there is no doubt that acquiring a mortgage with mortgage insurance can help you get your dream house quickly ,however, you have to understand the flipside of it – which is the fact that mortgage insurance payments will stack up higher and higher in the long run.
If you’re getting that butterflies in the stomach feeling, there is no need to worry at all. We have compiled a handful of effective and simple ways to lessen the burden of paying for mortgage insurance. Check it out…
Wrap Your Head Around LTV
Eliminating mortgage insurance heavily relies on what type of loan you have acquired – as well as that loan’s LTV and mortgage insurance specifications and requirements. LTV is short for (Loan-to-Value) ratio, and it basically calculates the amount of equity you have stacked in your home.
You can easily calculate this by dividing the amount of your current loan (the balance that remains) by the original value of your real estate, then multiply the total amount by 100. Remember, the higher the number of payments you make, the lower the loan-to-value ratio. If your LTV is 80% or higher, you don’t have to pay mortgage insurance. This means that if you make a down payment of at least 20% of the home value, you can avoid mortgage insurance.
Paying Mortgage Insurance? Here is How You Can Stop!
For FHA Loans
If you have acquired an FHA loan, you have to understand that you don’t have an option to cancel making FHA loan mortgage insurance. So what do you do? The best way out of this is to transfer your loan into a conventional loan via refinancing. The fastest way to do that is if you have a low loan-to-value ratio or if you have drastically enhanced your credit score.
For Lender-Paid Mortgage Insurance
If you have acquired a lender-paid mortgage insurance, the first thing you have to understand is that no lender is going to be paying for your insurance contrary to what they have advertised. What happens is the lender pays for your mortgage and then asks you to make repayments to cover that cost with a slightly raised interest rate.
Sure, this might have sounded awesome to you when you first acquired the loan. However, you may want to reconsider your refinancing options, especially if you’re eligible for a brand new loan without the need to pay any mortgage insurance, interest, or either.
When the Value of Property Increases
If your vicinity’s market has gone up, and you have already spent quite a bit of money making improvements to your house, your house’ true value (and equity) probably has gone up too since the date of purchase. And this may very well mean that your loan balance falls below 80% of the home value. If this happens, the lender has to remove the mortgage insurance requirement.
So now you know that ditching mortgage insurance is possible. More importantly, you know how to do it. Who doesn’t like canceling a monthly payment? Feel free to discuss this with us and see what’s the best way out of mortgage insurance for you.
Everyone desires to have a one-stop shopping experience. It saves times and energy and makes shopping enjoyable. As such, many people prefer shopping in malls with various outlets. If you find yourself in Riverhead on Long Island, you can have one of your best shopping experiences at The Tanger Outlet Center.
Located at 200 Tanger Mall Drive, Riverhead, New York, 11901, The Tanger Outlet Center has almost 150 stores that offer premium services at decent prices.
The two-section outlet center is well placed to meet all your shopping needs within a short time. The center houses all almost all your favorite designer and brand-name stores.
As such, you are assured of quality stuff and prices beyond your imagination. You can shop from brands like Nike, Polo Ralph Lauren, Armani, Calvin Klein, Lacoste, Puma, and Victoria’s Secret. You can also shop at Williams Sonoma, Barneys New York, Charley’s Philly Steaks, Banana Republic, Columbia Factory Store, Restoration Hardware, and H&M among several others.
Aside from having the best of shopping experience at The Tanger Outlet, you can also enjoy some discount sales by joining the TangerClub. As a member, you will receive notifications of the latest deals and sales events.
The outlet also has The Tanger Best Price Promise, which offers shoppers an instant cash refund on the difference in price if an item purchased at Tanger is advertised for less. The offer aims at installing confidence in shoppers that The Tanger outlet has the best deal in town.
Surf through The Tanger Outlet official website to check on their deals before making a visit to Riverhead. On the website, you can also get the coupons & sales offers for Tanger Outlets in Riverhead. That aside, you can get yourself a coupon book containing some great deals from the shopper services. The book is free for TangerClub members.
Phone: 631 369 2732
Monster Mini Indoor Golf Course
If you’re looking for some place spooky, fun and invigorating all at the same time, then there is nothing better than the Monster Mini golf course. Located in Deer Park, Suffolk County, the Monster Mini golf course offers a creepy and thrilling indoor experience. The place is ideal for kids, especially if it is their birthday. And, it glows in the dark!
The decorations at the place gives it a sweet look. The monster theme adds a bit of a thrill to the place and the decor is quite suited to the overall context of the indoor golf course design.
The staff is friendly and accommodating. It is truly a state-of-the-art facility with climate control, decorated with luminescent black lights that glow in the dark.
The facility is an 18-hole mini golf course that provides a strong sense of adventure. However, it isn’t just a mini golf course. The place also has a video game arcade, mini bowling alleys, a laser maze, glow-in-the-dark mini laser tag, and a prize center.
There is no question it’s a one-stop avenue for having some fun. It doesn’t matter what age you are, you will definitely have the time of your life playing some glow-in-the-dark golf. And since it is indoors and air conditioned, there is not much you can ask for. Take your kids with you, or plan a school trip with your students, the Monster Mini golf course caters to all.
They also have private event rooms that have Haunted Mansion themes where management can organizes birthday parties.
Located in East Garden City, in Roosevelt Field Mall, Golf Glow is an exciting and fun mini glow in the dark golf course. You can find it at the kids play area in the mall, right next to Lens Crafter. It is a real stress reliever, especially when you have kids with you, so just get a club and start playing!
The 27-hole mini golf course is completely dark with dark light, so you will not be playing in any natural light – which adds a bit of thrill to everything. The golf course is set through a series of twisted hallways and rooms and every hole provides a different playing experience. There are mini windmills you play through, as well as motorized blocks and inclines, etc. There is even an anti-gravity loop-the-loop.
With virtually no light, you are going to have to navigate through the entire golf course via the glow-in-the dark arrows. And remember it’s like a maze! Plus, there are some surprises there too; you can win a glowing treat if you manage to put a shot through the Plinko-style hole.
Once you become better at putting holes, you can test your mettle against the three difficulties at the laser maze. Your kid is going to have to cross the laser maze without setting a laser off, which is tough! All in all, a fun and memorable experience.
One of the most famous ballparks in the US, Bethpage Ballpark, is in Suffolk county, New York. Boasting 6,002 seats, it is an avant-garde facility that the Long Island Ducks proudly call their home. Bethpage ballpark opened for business back in 2000 and saw a staggering reception of fans and games throughout. Since its opening, the ballpark has welcomed more than seven million fans and has experienced a sellout more than 670 times.
Among a slew of the ballpark’s modern amenities and features, the place offers twenty luxurious VIP suites, a huge restaurant bar with a 126-seating capacity and a batting tunnel indoors.
Before the ballpark was fully constructed, the management decided to name it Suffolk County Sports Park. However, during the same year, the EAB, short for (European American Bank) bought the naming rights. They renamed the stadium “EAB Park” when it was inaugurated in 2000. However, in 2001, the name was changed again when Citibank bought the stadium from EAB. And in 2001, it was renamed to Citibank Park.
In 2010 however, the BFCU (Bethpage Federal Credit Union) invested in the ballpark and became increasingly involved. With the agreement, the BFCU changed the name of the stadium from Citibank Park to Bethpage Ballpark. Moreover, the BFCU has the rights to the name of the stadium.
Fast forward to 2017, Steve Bellone, who was one of the Suffolk county executives, and was also the representative of the Long Island Ducks as well as the Department of Public Works, proposed an innovative plan to revamp the stadium’s lighting system. He introduced the LED field lighting integration for Bethpage ballpark.
With LED-powered lighting becoming the primary source of lighting in the playing field, the 2000-watt metal Halide bulbs which were used since the ballpark’s inauguration, were removed. This was a great idea when you talk about energy savings. Not to mention, the new LED lights offered better illumination for both fans and players.
Furthermore, enhancements like getting Kentucky Bluegrass for the playing field and revamping the luxury VIP boxes, and more enhancements to the restaurant bar were done in 2017. The Bethpage ballpark has been home to more than a thousand mainstream events since 1999. The ballpark welcomes all manner of sports events such as lacrosse, professional soccer, charitable concerts and events, corporate seminars and events, high school baseball, youth clinics and camps, Freedom Fest concerts, three Atlantic League (All-star) games in 2002, 2010 and 2018.
An independent and professional baseball team, the Long Island Ducks (a.k.a Quacker Jacks) forms a major part of the ALPB (Atlantic League of Professional Baseball). The team was named after the animal primarily because duck farming was a major industry in Long Island.
The ballpark is located at 3 Court House Dr, Central Islip, NY 11722, USA.
With three amazing days off from your mundane routine, Memorial Day is a primer to starting summer with some stress off your shoulders. This automatically translates into some partying, going to fun events, enjoying live music, and plenty of other outdoor activities. Considering this, mentioned below are some interesting ways you can celebrate this year’s Memorial Day weekend in Long Island.
Consider Going to Montauk
It really doesn’t matter if you are a New Yorker or not, celebrating Memorial Day in Long Island like you haven’t before should be on your to-do list for the weekend. Sure, Montauk may be a bit costly and you will find it a bit crowdy there, still there are plenty of iconic things you can do at the beautiful destination. Moreover, Montauk has a soothing, relaxing and serene vibe that you will not find in posh neighborhoods such as the Hamptons.
Irrespective of whether you want to stay up and out during the entire night, or if you are with kids or friends, or just want to relax at the beach, catching some waves, Montauk offers a slew of places you can go to. Regardless of the place you stay in the village, it is vital you take plenty of time out to visit its beaches.
Beaches in Long Island are just amazing; with sand as far as the eye can see and waves, it is a perfect destination for people who are big on privacy. If you are looking for some fun and frolic or want to mingle, Navy Beach has a great bar serving awesome cocktails.
Bethpage Village Decoration Day
This is a great and fun event you shouldn’t miss for the world on Memorial Day. On the Memorial Day weekend, you will find the village completely transformed, and you will experience a unique celebration. Did you know that back in the day, Memorial Day was known as Decoration Day? Yup, you can travel back in history and take photographs of how houses used to look back in the 18th and 19th century.
North Hempstead Beach Park Fireworks and Celebrations
If you want to see some extraordinary fireworks and listen to some great music, head to Port Washington on Memorial Day. Bring your own food and some picnic blankets for a truly refreshing experience. Just sit back and chill with your friends and family, enjoy good food and listen to the music before enjoying the amazing fireworks.
Raynham Hall Museum Memorial Day Parade
Travel back in time and into the world as it was in the 19th century, by visiting Raynham Hall Museum at this year’s Memorial Day weekend. The Raynham Hall Museum is a colonial mansion with beautiful, large rooms and big gardens reminiscent of the Victorian era. Moreover, you can also tag along for the Memorial Day parade at Oyster Bay.
American Airpower Museum For the Legends of Airpower Show
If you are a hardcore aviation fan, this is a once a year event that you would not want to miss. The show displays a slew of exciting and legendary fight planes. Moreover, you will also be given a tour of the B-17 Yankee Lady. You will also have the opportunity to see the Canadian Forces Snowbirds as well as the U.S Navy Blue Angels before they fly off for a cool air show at Jones Beach.
Which of these sounds most exciting? Feel free to learn more about these events and plan an unforgettable Memorial Day on Long
As we journey through our Aviation history and monuments, our next stop is none other than The Cradle of Aviation.
Undoubtedly, The Cradle of Aviation Museum, in Long Island is another big thing when it comes to the preservation of aviation monuments.
Located in Garden City, east of New York City’s Long Island, The Cradle of Aviation Air and Space Museum maintains a wide range of aircrafts, artifacts, and aviation feats. This makes the site a must-see for aviation enthusiasts and persons seeking knowledge about American aviation history.
The architecture of the museum, a vast glass-enclosed building, is itself an attraction to visitors. The 150,000 square foot structure resembling a spacecraft, maintains exhibits including hot air balloon and Apollo lunar module.
You may be wondering how the museum earned the name “Cradle of Aviation.” Well, you can get the answer to your question when you visit the museum. But let me gist you with a little info.
Long Island earned the nickname, Cradle of Aviation in the 1920s. The name stems from the natural flying environment of Long Island. The area is flat and virtually treeless making it suitable for aviation activities. About 20 aircraft manufacturers operated in Long Islands between 1918 to 1938. In 1927, Charles Lindbergh flew from Long Island to Paris.
The famous Cradle of Aviation Museum started as a dream of George C. Dade, Henry Anholzer of Pan American Airlines and other volunteers.
To achieve the dream of creating an aviation museum, they started acquiring and restoring aircrafts. The first acquisition was a World War I Curtiss JN-4D, discovered by Dade in an Iowa pig barn in 1973. Subsequent acquisitions include a Grumman Lunar Module spacecraft, Republic Seabee, Republic P-47N Thunderbolt, and Grumman F-11A Tiger.
The aircrafts occupied hangars 3 & 4 of the Mitchel Air Force Base. Nassau Country purchased these hangers when Mitchel Air Force Base closed in 1961.
In 1980, the Museum ultimately opened with few aircraft and Dade as its first director.
The Cradle of Aviation Museum closed in the 1990s to undergo a massive expansion and face lift program.
The hangers, which had received no form of renovation before the museum’s opening were refurbished. The museum re-opened in 2002, in a massive and state-of-the-art facility.
What makes the Cradle of Aviation Museum more interesting is the variety of offers visitors are treated to. Visitors can have access to the cockpits of exhibiting aircraft and watch short films.
Aside from aircraft viewing, you can watch virtual reality shows on space travel, the solar system, and the night sky. With volunteer docents ever ready to serve their guest, you can ask any question about items on display. You can also learn more about aviation by signing up for a space lab live astronomy in the dome theater.
Nassau County Firefighter’s Museum and Education CenterThe Cradle of Aviation Museum also hosts the almost 10,000 square foot Nassau County Firefighter’s Museum and Education Center. There, visitors can acquire historical information on fire fighting. On display are antique and contemporary fire apparatus spanning the history of firefighting in Nassau County.
The facility house the JET BLUE DOME theatre that features IMAX 70 millimeter format films. It also hosts a state-of-the-art digital planetarium and The Red Planet Cafe, which is decorated to resemble a space station on Mars.
The Cradle of Aviation Museum opens from Tuesday to Sunday from 9:30 am – 5 pm.
The Reckson Visitor Center Atrium serves as the main entrance to the museum.
Visitors have access to the facility on a guided tour.
Planetarium & Dome Theater Shows
Museum and Show Combo
Combo includes the museum and a single Planetarium or Dome Theater show.
*Children ages 2-12, Senior Citizens 62+, Military Personnel, Volunteer Firemen & Non-Ambulatory Visitors
Junior Jet Club $2.50
Nunley’s Carousel $2