Seller financing: To get deals done, some owners give loans to buyers. Here's how it works

… loaning a buyer the money to buy their property may strike you as impossible or strange but New York City brokers say …  week … How does seller financing work … When a seller offers financing they are essentially acting as the bank As … that beats available mortgage rates It could be a significant discount like 3 percent or one just a point or half …

By Jennifer White Karp |December 29, 2023 - 3:30PM
Does a shareholder need approval from their co-op board to get a reverse mortgage?

… …   In most cases shareholders do have to ask their coop board for … at any particular risk Landis says Trouble at home Get your NYC apartmentdweller questions answered by an expert Send us … 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 … 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 …

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