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M&T Bank Corporation
One M&T Plaza 5Th Flr
M&T is a bank holding company whose banking subsidiaries, M&T Bank and M&T Bank, National Association, operate branch offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, and the District of Columbia.
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Upstate New York Real Estate - Catskill Region Real Estate
1769 Route 52
Fishkill, NY 12524
1769 Route 52
Fishkill, NY 12524
Refinancing surge hitting the low?
"It's a question of how long the rates can possibly hold out," said Drew Kessler, mortgage consultant for M&T Bank in Nyack. Kessler
said that mortgage activity at M&T Bank
in Rockland had been especially robust over the last few months, especially in February, where 24 applicants were granted loans in excess of a total of $4 million and March when 17 applicants were granted $3.7 million of loans.The figures are a significant rise over the previous year, when in February '02, 13 applicants took out $2.1 million of loans and in March '02 when 12 applicants were granted $1.7 million of loans in Rockland.
"I don't know if they can keep going lower, but I was one of those people who never thought it would go this low."
Rockland mortgage tax feared it will sow bad faith
Drew Kessler, a mortgage consultant at M & T Bank agrees.
"People are already unhappy that the state does this.As of right now, they also question, where does this money go?It's not clear," said Kessler
."If it keeps going up, we will be compared to New York City," he
said referring to the high real estate prices and costs in Manhattan.
Right now, the tax has many hurdles to jump before it will show up on any mortgage contracts in Rockland next year.The state Legislature has to pass it, and there are several in the Assembly who oppose it.
Regardless, Vanderhoef feels that because other counties in New York are proposing sales taxes and other new measures that require home rule legislation, that the Legislature will be more prone to passing some kind of general statewide home rule legislation that would allow Rockland to impose the tax.
Proponents also say that even if the tax does pass, they still wouldn't have an easy time trying to raise it.
About | Kessler Housing Report
Drew Kessler is the Managing Director for KMG Mortgage Consulting.
is one of the leading mortgage officers in New York.
prides himself on his
commitment to client service and his
comprehensive knowledge of the real estate and mortgage industry.
"I believe that it's my job to guide my clients through the entire transactional process, not just in the progress of their loan but everything from credit repair to helping them navigate through the complexity of contracts, appraisals, and choosing the right loan for them."
clients rave about his
attention to detail, knowledge of the mortgage process, and exceptional client service.
has a file folder filled with letters from grateful clients.
As one client said, "Drew
was amazing through the entire process, making sure every aspect of our transaction was handled, always returning our phone calls and keeping us updated on what was happening with our loan.
We had a difficult loan situation, but he
took us through the whole thing, got us a great rate, and took great care of us.
I could not recommend him more highly."
values the relationships he
has built with other professionals in the real estate industry, particularly the real estate agents with whom he
works hand-in-hand to make sure that their clients have a great purchasing experience.
As a testament to his ability to work constructively with other professionals, he was recently named the President to the Rockland County Board of Realtors, the first loan officers in the Board's history to achieve that honor and position.
As a sign of his
stature in the real estate community, Drew
regularly appears on Fox Business News
expertise on the mortgage industry and the real estate market.
is enormously committed to his
profession and the Rockland community.
He is Past President of the Rotary Club of North Rockland and the current Assistant Governor for the Rotary Region 9, covering Rockland County.
was previously honored by Rotary International with the Distinguished Service Award, the Paul Harris Fellowship, and Service Above Self Award.
is also a past recipient of the Rockland County Board of Realtors
Affiliate of the Year Award, and the Rockland County Board
of Realtors President's award.
A native of Rockland County, he
currently lives in Stony Point with his
wife and three children.