What are the differences between jumbo and conforming loans?

… getting a mortgage youve probably come across the following terms for loans jumbo and conforming Confused about what … how they differ Or which one you might need  Here are some of the distinctions between the two types of loan  Editors … than jumbos and lenders can typically offer more options in terms of term length and whether it is fixed adjustable or …

By Brick Underground |December 4, 2024 - 2:30PM
First step in buying an apartment: Get your credit score up

… Think youre ready this year to go to the mat and finally buy an apartment in New York City Your first order of … uptick in rates may not sound all that significant wouldbe buyers should remember that a small difference in interest … could take a while to get the inconsistencies worked out  … What influences your credit score … There are five factors …

By Celia Young |March 26, 2024 - 9:30AM
6 reasons your mortgage application might be denied or delayed that have nothing to do with you

… … Banks want to see if the buildings master insurance policy conforms to Fannie Mae and Freddy Mac …

By Emily Myers |July 27, 2023 - 1:30PM
There's a semi-secret list of NYC co-op and condo buildings that are off limits to certain mortgage lenders

… York City coop or condo building that certain lenders wont touch It could be a nightmare situation for a buyer seller … condo and coop list … The list is made up of buildings where Fannie Mae does not buy back loans It expanded … are increasingly using assessments to fund capital improvements or shore up their reserve funds for capital …

By Jennifer White Karp |April 5, 2023 - 1:30PM
Can you negotiate the rate and terms of your mortgage when you're buying in NYC?

… pays the flip tax or other closing costs so it makes sense to wonder if a buyer has leverage when it comes to the terms … with marginal credit and a minimal down payment  … How to improve your terms and lower your rate … To offset the … score to get a lower rate and also moving funds to banks where they may be eligible for a rate discount Its also …

By Emily Myers |December 19, 2022 - 9:30AM