With both NYC rents and mortgage rates rising, does it make more sense to buy or rent in NYC now?

… that should factor into your calculations including mortgage payments and carrying costs  as well as your … it is to borrow now The average 30year fixed loan mortgage rate reached 63 percent last week after a low of 35 percent … looking in says Deanna Kory a broker at  Corcoran  Prewar coops on the Upper West or Upper East Side did not increase …

By Alanna Schubach |June 21, 2022 - 12:30PM
Rattled by rising mortgage rates? Here are 3 ways NYC buyers can offset the cost of a pricier loan

… If youre trying to buy a place in New York City youre likely getting … rattled by rising mortgage rates which make getting a loan much more expensive this year compared to last and reduce what you can afford to buy …

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

… Prices for New York City apartments continue to risemaking down payments larger Banks have tightened their lending … to come up with a 20 percent down payment above and beyond what the bank allows That said if youre finding it hard to

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 …

By Jennifer White Karp |February 8, 2022 - 12:30PM