How NYC buyers can take advantage of the summer sales slowdown

… sales market this summer but that could be good news for buyers who are unscathed by current economic conditions The … felt in some segments of the marketis caused by multiple factors including rising mortgage rates plunging stock and … The government incentivizes big lenders to promote home ownership in areas such as Central Harlem and Washington …

By Jennifer White Karp |June 30, 2022 - 4:30PM
With both NYC rents and mortgage rates rising, does it make more sense to buy or rent in NYC now?

…  as well as your longterm life plans  our experts  say Rents have skyrocketed with the median rent in Manhattan … it is to borrow now The average 30year fixed loan mortgage rate reached 63 percent last week after a low of 35 percent in January In pricey areas including New York City the typical new mortgage payment has spiked 52 …

By Alanna Schubach |June 21, 2022 - 12:30PM
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 … recommends whether its a mortgage broker or a mortgage banker But there are pros and cons to using a mortgage … or credit union will give you rates and fees based on the products they offer and a buyer can apply directly with the …

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

… you use financing to buy a house or apartment your monthly mortgage payments are determined by several factors that include your interest ratebut the rate youre offered is not always the final word If you happen to have … points when you refinance … There are fees associated with refinancing that should be part of your calculations There …

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