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Melissa Cohn

Regional Vice President, William Raveis Mortgage at William Raveis
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Melissa Cohn is the Regional Vice President at William Raveis Mortgage and a pioneer in the mortgage industry with 42 years of experience. She founded The Manhattan Mortgage Company in 1985, becoming one of the first independent mortgage brokers, and ultimately grew the company into the top residential mortgage broker on the East Coast. Cohn joined William Raveis Mortgage in 2020 and, soon after, started the Melissa Cohn Group, which includes her daughter, Sarah Alvarez. Cohn remains one of the industry’s top-ranked brokers there. She currently splits her time between Delray Beach, Florida, and Sag Harbor, New York. She is licensed in New York, New Jersey, Connecticut, Massachusetts, South Carolina, and Florida.

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  • Mortgage Rates Unlikely to Return to 3%: Expert Insights
    Melissa advises that mortgage rates are unlikely to drop to 3% again without a major economic downturn. She suggests buying your dream home now, as you can refinance later. For those needing to pull cash from their home, now is the time to refinance. "The best time to buy is when you find the right home," Melissa says.
  • Fed Rate Cuts Won't Lower Mortgage Rates, Says Industry Expert
    Melissa explains that Fed rate cuts benefit loans tied to the prime rate but don't affect mortgage rates, which depend on economic data. She notes, "the election will have no effect on their monetary policy." For now, the Fed will respond to economic data, and changes are expected only after Trump's policies take effect post-inauguration.
  • Post-Election Mortgage Rates: What to Expect
    Melissa says the Fed's rate cut helps loans but won't affect mortgage rates, which rely on economic data. She notes, "the election will have no effect on their monetary policy," and changes await Trump's inauguration. For now, it's business as usual, with the Fed reacting to economic indicators.
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  • If you have a lot of equity, the cheapest way to borrow money for a renovation is to do a cash-out refinancing. Banks will generally lend up to 75% of the value of a home. For homeowners with less than 25% equity, a Heloc may be the only option. Fees can range from $3,000 to $4,000, plus the cost of title, applicable taxes and recording fees. Refinances can take more than two months to close, making them unsuitable for emergency repairs.

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