#peter didomenico

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Types of Mortgage Loans

With more than two decades of experience in the real estate industry, Peter DiDomenico serves William Raveis Mortgage, LLC, Fairfield, CT as an executive mortgage banker. Having funded over $1 billion in home mortgages throughout his career, Peter DiDomenico has a wide range of financing options available to him, ensuring that clients get the financing they need. There are a wide range of mortgage types available, the most popular being fixed-rate mortgages (FRMs), which typically come in terms of 10, 15, or 30 years. FRMs maintain the same interest rate throughout their life, making budgeting easier for homeowners. If FRMs are acquired when rates are high, refinancing becomes an option as rates decrease.  Adjustable-rate mortgages (ARMs), in contrast, have interest rates that change over time, depending on the type of ARM chosen. One year ARMs are essentially 30-year FRMs, but the rate changes each year on the loan’s anniversary. This type of loan often allows homeowners to qualify for higher loan amounts. The 10/1 ARM has a fixed rate for the first 10 years of the loan’s life followed by annual adjustments for the remainder of the loan’s life. There are also Federal Housing Administration loans that may limit the size of the loan, but are available to buyers who may not qualify for any other loan types.

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Peter Didomenico - The CT Challenge

Responsible for completing more than $1 billion in loan volume for mortgage transactions, Peter Didomenico offers his services to William Raveis Real Estate in Fairfield, Connecticut. In 2014, Peter Didomenico signed up to participate in the CT Challenge. The CT Challenge dedicates itself to improving the lives of cancer survivors. Along with providing resources and raising money, the group develops networks of survivors to build a community. Thousands of volunteer hours enabled the group to host its first event in August 2005. In 2012, it furthered its reach by launching the Center for Sponsorship, the country's first standalone facility for cancer survivors. This location provides exercise, dietary, and psychosocial assistance that promote healthier living. However, its primary event is an annual bike ride starting in Lakeville, Connecticut. People sponsor riders, with the proceeds going towards cancer research and related activities. Riders can choose to traverse distances between 10 and 100 miles or embark on a two-day journey. Nevertheless, they have to reach a minimum donation goal before being allowed to ride. Those unable to make the Connecticut run can still participate by becoming a Virtual Rider. This initiative allows people who cannot ride a bike or who are out of town to raise money in support of the program. They have access to the same fundraising tools as riders, the ability to celebrate the event, and the opportunity to change their status to a physical rider. Moreover, Virtual Rider cancer survivors can be part of the Walk of Honor that occurs right before the event starts.                            

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Camp Rising Sun Provides Fun Camping Experience for Kids with Cancer

A executive mortgage banker at William Raveis Real Estate, Peter Didomenico, living in Fairfield, CT is dedicated to helping people across Connecticut. Almost a decade ago, he founded a neighborhood turkey drive that donates about 200 complete dinners each year. Peter Didomenico is also involved with FOCUS and Camp Rising Sun. When it opened more than 30 years ago, Camp Rising Sun had only eight attendees. Today, it hosts more than 100 campers each year. Providing a fun and safe environment for children five to 17 years old who have been diagnosed with cancer, Camp Rising Sun is free to attend. Staffed by volunteers, a pediatric oncologist, and three nurses for a week at a time, the camp offers 500 acres with a sandy beach, playing fields, an arts-and-crafts studio, and a working farm, among other features. Through the Camp Rising Sun Charitable Foundation, the camp holds a number of fundraisers throughout the year. Whether hosting the annual “Night Out” or one of the running events, the foundation provides more than $85,000 in direct support for the camp.                            

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Peter Didomenico - The 13th Annual FOCUS Classic

As executive mortgage banker with William Raveis Real Estate, Peter Didomenico continues his 20-year career in the real estate industry. Based in Fairfield, Connecticut, Peter Didomenico supports FOCUS and plays in its annual golf tournament. For nearly 15 years, FOCUS, or For Our Childrens' Unlimited Success, Inc., has provided resources to youths throughout Connecticut. This non-profit organization raises money and awareness for initiatives that improve the lives of children. Its donations often become grants that go towards groups such as Camp Rising Sun, the Connecticut Food Bank Kid’s Backpack Program, Farnam Neighborhood House, and The Cove Center for Grieving Children. One of the most popular ways in which FOCUS gets donations is through the yearly golf tournament. September 23, 2013, marked the 13th Annual FOCUS Golf Classic. Taking place at the New Haven Country Club in Hamden, Connecticut, the event allowed competitors to play their own balls or engage in a two best balls of foursome contest. The entry cost includes greens fees, golf cart, lunch and dinner, and on-course refreshments. Moreover, FOCUS provided gifts for closest to pin, longest drive, and other achievements.                            

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Improving Your Golf Swing

An executive mortgage banker at William Raveis in Fairfield, CT, Peter Didomenico helps buyers meet financing needs. In his free time, Peter Didomenico enjoys a wide range of hobbies, including golf. Using golf clubs of the correct size improves golf swing by helping golfers maintain proper form. When buying clubs, one should measure the length between one’s finger tips and the ground and use this measurement to find clubs of the right size. Proper swing form involves placing the lead hand near the top of the club and interlacing the pinky of the lead hand and thumb of the other hand. While swinging, bend the lead arm and twist the hips to drive the club forward, keeping an eye on the ball throughout movement. Balance and rhythm also affect good golf swings. Slowly repeating a steady rhythm throughout the swing makes golfers aware of whether or not they are rushing. Just the simple act of counting of numbers can be enough to keep a good swinging pace. Setting two golf balls on the ground, placing the club between them, and swinging is another method of checking swing speed. If one performs the swing at the correct speed, the ball behind the club should only roll a short distance away. If instead one knocks the rear ball any significant distance, then he or she was rushing the swing.                            

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The Didomenicos’ Annual Turkey Drive

Peter Didomenico is an executive mortgage banker at William Raveis Real Estate, Mortgage & Insurance. In addition to his professional responsibilities, he is committed to giving back to the community. For almost a decade, he has directed the Didomenico & Friends Annual Turkey Drive. For the drive, Peter Didomenico, his family, friends, and neighbors donate and deliver Thanksgiving dinners to food banks and local churches. Since the annual turkey drive began, its reach has grown. The first year saw the family deliver 15 turkeys to a food bank in Bridgeport. In 2013, the family, friends and neighbors banded together and donated more than 200 turkey dinners to food banks and churches in the community. Participants donated food, assembled dinners, and packed them up before embarking on their delivery routes. Past and present recipients of the dinners have included Fresh Point, Feed the Sheep, Daughters of Charity, Kings Pantry, and the Eastend Community Center. To learn more about the drive, see http://www.fairfield-sun.com/18843/neighborhood-turkey-drive-hits-new-heights/.                            

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Benefits of a MoMA Membership

eter Didomenico maintains responsibilities as an executive mortgage banker with William Raveis Real Estate living in Fairfield, Connecticut, originating loans throughout Connenticut and New York. In his free time, Peter Didomenico enjoys many hobbies, including going to Broadway shows and visiting the Museum of Modern Art in New York City. The Museum of Modern Art (MoMA) was established in 1929 with the goal of educating the public about modern and contemporary art. The organization continues to flourish today as one of the most important art museums in the world. Many art lovers elect to sign up for membership to enjoy numerous membership benefits, including invitations to private exhibition previews and discounted admission for guests. MoMA also offers a number of member programs, like Member Early Hours, when members get the opportunity to visit special exhibitions before they are opened to the public. In addition, Member Gallery Talks allow members to sit in on lectures, and on Member Shopping Days all members receive 20 percent off merchandise, both in person and online.

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How to Get the Best Deal on a Mortgage

Peter Didomenico, executive mortgage banker at William Raveis Mortgage in New Canaan, Wilton, Ridgefield and Fairfield, Connecticut, has funded over $1 billion in home mortgages throughout his career. Having accumulated more than 20 years of experience as a loan officer, Peter Didomenico works closely with clients, providing high-quality financing and mortgage support. While not everything can be controlled when it comes to loan rates, new buyers can take several steps to find the best deal on a mortgage. Improving credit scores is one of the most critical actions. A better credit score will secure a lower interest rate. Additionally, not hiding any problems in credit on the application is always the best way to proceed. Establishing a baseline and contacting several financial institutions also helps find a good deal. Getting a referral from a trustworthy individual may lead to a great rate in a unique situation, and determining what loan options are available allows buyers to determine where different offers lie. Contacting multiple lenders provides buyers with a wider range of loans. Further, due to the constant changes in mortgage rates, contacting all prospective lenders on the same day provides the most accurate representation of the difference in their rates. In addition, buyers who make a large down payment will be attractive to lenders, making it more likely that their applications will succeed. Finally, asking about fees is an important part of the process. Many lower interest rates come with higher fees, so check on the fees before signing.