What is a cash-out refinance? Are these done in NYC?

… of having the mortgage go entirely towards the cost of buying the property you are putting some of what youre … than purchase or rate and term transactions Furer says … Preparing for a cashout refinance … Before you speak to a … says … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … Bricktionary … mortgage … …

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 looking to refinance you might not … out questions about your building is a simple copyandpaste formality but both sides say it is a major headache On the … about aging condo infrastructure But these are optional forms Lenders also use their own forms which are …

By Jennifer White Karp |August 17, 2023 - 4:00PM
Fed's response to Fannie Mae ‘blacklist’: 'We have no record of it'

… Mae says it doesnt know anything about it Last month attorneys Edmund Allcock and Stephen Marcus at the law firm  … CPM That status is not directly revealed to the buildings however Very clearly Fannie Mae personnel in risk management … He expects a response to that request in 30 days … How to see if your coop or condo building is on the …

By Jennifer White Karp |June 16, 2023 - 2:30PM
Can you use a 1 percent down loan to buy in NYC?

… new home buyer loans from Rocket Mortgage and its competitor United Wholesale Mortgage which work with Fannie Maes … hunt for home which helps offers stand out Speck says … How would a 1 percent down loan work in NYC … Rents are so … broker Kevin Leibowitz founder of  Grayton Mortgage to show us how a 1 percent down loan could work in NYC Leibowitz …

By Jennifer White Karp |June 15, 2023 - 5:00PM
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 … ratios And better programs translate into better rates says Kevin Leibowitz a mortgage broker at Grayton …

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