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 little longer for … Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … mortgage … Fed holds interest rates steady and …

By Jennifer White Karp |February 1, 2024 - 12:30PM
What is a cash-out refinance? Are these done in NYC?

… equity of your place one option is to arrange for a cashout refinance This is where you renegotiate the terms of your mortgage in order to access the money tied up in your … right for … A cashout refinance is open to owners of condos coops townhouses or one to fourfamily buildings New Yorkers …

By Emily Myers |September 18, 2023 - 3:00PM
Here's why it's so hard to get condo questionnaires filled out by management companies

… As a New York City condo or coop buyer seeking a conforming loan or owner … are overly intrusive and ask things that they cant address or seek answers that are readily available online … Freddie Mac governmentbacked entities that buy loans from banks jointly developed questions that were added to each …

By Jennifer White Karp |August 17, 2023 - 4:00PM
Can you use a 1 percent down loan to buy in NYC?

… down payments but have you heard about 1 percent down loans These are new home buyer loans from Rocket Mortgage and its competitor … are a couple who earn that exact amount The property is a condo and were assuming the building allows buyers to put 3 …

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