What are the pros and cons of the new 40-year mortgage option?

… builds slower This is harmful because equity gives you financing options says Mary Alex Blanton senior vice … for a young firsttime buyer like me … Buy … Negotiating + Financing … Ask an Expert … buying … first-time buyer … …

By Alanna Schubach |July 5, 2022 - 9:35AM
How NYC buyers can take advantage of the summer sales slowdown

… who could afford to buy with all cash still took some financing Now that the average rate for a 30year mortgage is … to come down during a negotiation he says … If you need financing consider an ARM … Buyers who need financing should get creative says Kobi Lahav senior …

By Jennifer White Karp |June 30, 2022 - 4:30PM
Rattled by rising mortgage rates? Here are 3 ways NYC buyers can offset the cost of a pricier loan

… in adjustable rate mortgages or ARMs in the months to come Applications for ARMs have already doubled in the past three … Cooperative Bank  a Brick Underground sponsor If there are errors in your credit reportaddress these immediately … credit For more tips read A bank rejected my mortgage application because of my bad credit score … 3 See if you …

By Jennifer White Karp |May 17, 2022 - 4:00PM
10 first-time buyer grants, loans, and programs available to New Yorkers

… year All of these factors make it harder for many firsttime buyers to meet financing requirements if they dont have … stellar credit or other assets  A tougher environment for buyers means many are looking for alternative ways to get … government grants and loans designed to help firsttime buyers Private companies also have programs to help buyers  …

By Emily Myers |February 28, 2022 - 9:30AM
The pros and cons of using a mortgage broker when buying in NYC

… Getting a New York City condo or coop is such an ordeal that shellshocked buyers in need of financing are often happy to use whoever … that you should be aware of before you embark on your buying experience First its helpful to understand the …

By Jennifer White Karp |February 8, 2022 - 12:30PM
What are mortgage points and how do they lower your interest rate?

… When you use financing to buy a house or apartment your monthly … when you refinance … There are fees associated with refinancing that should be part of your calculations There are … Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … Bricktionary … closing … Co-ops … condos … …

By Jennifer White Karp |July 15, 2021 - 4:00PM