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mortgage
How do you qualify for a jumbo loan in NYC?
… for jumbo loans which are mortgages that are too large to qualify for conforming loans under guidelines set by each … for the first time A higher baseline means more buyers qualify for larger conforming loans … Tougher requirements … requirement for jumbo loans is six months reserves for qualifying mortgage payment insurance taxes and HOA dues …
Here's why it's so hard to get condo questionnaires filled out by management companies
… seeking a conforming loan or owner looking to refinance you might not realize the process involves a behindthescenes … went wrong he says If he could tell lenders something it would be this Why not look up some of the requested … questions like Are there any issues in the building that would cause structural defects What manager would know that …
Top 12 questions New Yorkers ask their mortgage bankers
… curve Ryan Greer senior vice president at National Cooperative Bank rounds up 12 of the most frequent questions she hears … With 40 years of lending to buyers in New York City NCB is the bank for coops After all Cooperative is our …
How does a debt-to-income ratio affect your mortgage rate?
… a mortgage broker at Grayton Mortgage … Impact of DTI on buying choices … In New York City coop boards have their own DTI requirements for buyers usually 22 to 24 percent Coops are usually stricter … default on $250000 of equity or cash theyve just put down However a higher DTI might rule out access to a loan with a …