How to get a mortgage in NYC when you are retired

… a retired couple went through when they were trying to buy a coop in Brooklyn Their lender reneged on the mortgage … IRA distributions … If youre getting a mortgage backed by Fannie Mae and can show you are taking distributions from your …

By Emily Myers |May 17, 2021 - 1:30PM
Is my money safe in an escrow account?

… … Escrow fraud is quite unusual  our experts  say but there … the context of buying Buyers put their deposit in an escrow account with a neutral third party which holds it until the …  a lawyer who represents residential and commercial tenants and tenant associations and FYI a Brick sponsor But …

By Alanna Schubach |April 26, 2021 - 1:30PM
What are the pros and cons of a HELOC vs. refinancing?

… when you start using the line of credit  There are pros and cons when it comes to each product The pandemic has … if you might have an immediate home repair or want to buy a car or pay off a credit card debt and have a …   … Negotiating + Financing … Live … Co-opscondos … mortgage … Renovation … taxes … What are the pros …

By Emily Myers |April 15, 2021 - 12:30PM
A guide to using a no-fee renovation loan from a NYC real estate firm

… pandemic has added time and expense to renovations making buyers more likely to close on  NYC apartments that are … are combined loans under the conforming limitations of Fannie Mae  which is $822375 and then there is construction …

By Emily Myers |April 8, 2021 - 2:00PM
Greater access to Covid-19 vaccine adds dose of confidence in NYC real estate

… 13 percent have been fully vaccinated Brick Underground asked brokers real estate attorneys mortgage brokers and … to properties that require work ONeill says So far condos and coop buildings have been restricting renovation …

By Jennifer White Karp |March 23, 2021 - 1:30PM