Fed holds interest rates steady and March cuts are unlikely

… New York City real estate buyers who rely on financing are going to have to wait a … and home equity lines of credit are the highest in more than a decade according to Bankrate But the improving … adds … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … mortgage … Fed holds …

By Jennifer White Karp |February 1, 2024 - 12:30PM
Seller financing: To get deals done, some owners give loans to buyers. Here's how it works

… The concept of a seller loaning a buyer the money to buy their property may strike you as impossible or … pitfalls to watch out for Read on if you want to figure out how to make seller financing work for your deal Editors note …

By Jennifer White Karp |December 29, 2023 - 3:30PM
How do you qualify for a jumbo loan in NYC?

… New York jumbo loans arent just for luxury properties Many buyers have to opt for jumbo loans which are mortgages that … set by each year by the Federal Housing Finance Agency For more intel check out Bricks explainer  on jumbo loans The … baseline for the first time A higher baseline means more buyers qualify for larger conforming loans … Tougher …

By Alanna Schubach |December 11, 2023 - 9:30AM
Does a shareholder need approval from their co-op board to get a reverse mortgage?

… a reverse mortgage wont raise your carrying costs making it more attractive to boards concerned about collecting monthly … Thats why most lenders wont allow shareholders to borrow more than a 60 percent loantovalue ratio meaning that you … mortgage If so what are typical stipulations for approval … Buy … Co-ops … Ask an Expert … boards … Co-ops … mortgage … …

By Celia Young |October 30, 2023 - 2:30PM
Can you use a 1 percent down loan to buy in NYC?

… As a buyer you may have heard about mortgages that allow three … you heard about 1 percent down loans These are new home buyer loans from Rocket Mortgage and its competitor United … president of purchase for Rocket Mortgage estimates that more than 90 million US buyers can meet the income …

By Jennifer White Karp |June 15, 2023 - 5:00PM