How do you qualify for a jumbo loan in NYC?

… … In 2024 the jumbo loan threshold for a oneunit property in New York City will be $1149825 and borrowers are required to … Many buyers have to opt for jumbo loans which are mortgages that are too large to qualify for conforming loans …

By Alanna Schubach |December 11, 2023 - 9:30AM
Here's why it's so hard to get condo questionnaires filled out by management companies

… to give your loan the green light You might assume that filling out questions about your building is a simple … buildings a member of the board will be responsible for filling out the questionnaires but what often happens is we … usually get between five and 10 orders a week which entails filling out between 50150 questions per questionnaire …

By Jennifer White Karp |August 17, 2023 - 4:00PM
How does a debt-to-income ratio affect your mortgage rate?

… monthly incomeis one of several factors that impact your mortgage rate our experts say Your debttoincome ratio DTI … means you wont get access to loans with lower mortgage rates The better programs have thresholds with lower … … Impact of DTI on buying choices … In New York City coop boards have their own DTI requirements for buyers …

By Emily Myers |May 30, 2023 - 10:00AM