Strong Demand in Tri-state Area from Domestic and International Buyers
Strong demand in all sectors of the Tri-state area’s residential housing market continues to result in our increasing market share. While many of the retail banks have pulled back in their mortgage operations, GuardHill has doubled down as we prepare for a robust year in 2017. With rates remaining at historical lows, many homeowners seized on the opportunity to buy and refinance ahead of the election and anticipated December rate hike.
In addition, international buyers, especially from China, have driven the new condo development market. Our international mortgage division was formed several years ago prior to the surge in volume. As many lenders shy away from lending to affluent international buyers, we have created a niche which continues to serve the community well.
We look forward to continuing to work with and expand our loyal client base and are always here as a mortgage resource for our community.