I'm buying a condo and getting a closing credit. How will that affect my mortgage?

… on the rise in NYC thanks to a slowing of the real estate market and an oversupply of luxury condos Its great news for … offers a high closing credit and it exceeds the secondary market guidelines for an interested party contribution a …

By Alanna Schubach |March 11, 2019 - 10:00AM
What’s a bridge loan and what should I be aware of if I take one out?

… Mark Maimon vice president at Freedom Mortgage but in a market thats even remotely competitive the one without the … dont agree to this type of financing but in a sluggish market you may well find brokers recommending bridge loans … a bridge loan helps avoid some of the uncertainties of the market Maimon says the rationale of using a bridge loan is …

By Emily Myers |March 6, 2019 - 9:00AM
What can you learn from a building’s sales or rental history?

… prices in a building and if used extensively enough the market  Another detail you might see is a nonmarket recorded closing of $0 Unit 18A is an example in the … just not marked as such or that the listing came off the market for another reason entirely It could be the unit was …

By Emily Myers |March 1, 2019 - 12:00PM
What’s a finance contingency, and is it negotiable?

… if the financing doesnt come through But now that the market is slowing down financing contingencies are being … cant get financing hes just taken the property off the market for 30 days Developers need deals so contingencies … once had Mills says its yet another sign of the softening market As a buyer you can really build up your ammunition …

By Emily Myers |January 29, 2019 - 2:30PM
Manhattan co-op and condo median sales price falls below $1 million

… the report says the median sales price drop is a sign the market is normalizing after the past several years which saw … involving a bidding war hit a sixyear low While the  market has seen a reset it still has a ways to go Miller … year  Were in a better place  but were not done Miller says Market reports often have contradictions and in this one …

By Jennifer White Karp |January 3, 2019 - 9:00AM
Should I buy or keep on renting in 2019?

… … New York Citys real estate market is now favoring buyers and its possible the … Brick sponsor Although we are in a real estate down cycle prices are negotiable and there is inventory available for …

By Alanna Schubach |December 31, 2018 - 9:00AM
How to shop for your mortgage online: 7 tips for New Yorkers

… in the rate through to the closing  … It may be a buyers market in New York City but its still important to be able … says in the craziness of the current stock and bond markets weve been seeing huge swings in rates so I …

By Emily Myers |December 17, 2018 - 12:00PM