mortgage
… Most mortgage advice is aimed at buyers but sellers have plenty of questions too We asked Brittney Baldwin vice president of National Cooperative Bank to answer some of the mortgage questions … Bank in Manhattan Check todays rates on NYC coop condo and superintendent unit loans Get a personalized quote …
… signed is not as difficult as making sure you have a buyer thats qualified and will get to the closing table … could require the purchaser to put up more money or a coop board could reject a candidate they see as less … coop board will quash the deal This is less important in condos because the board cant reject a buyer in the same way …
… you can afford on a relatively modest budget in this weeks Buy Curious … THE WISH LIST … Q Ive got $60000 for a down … but Id be open to studios as well I know that a lot of coops want buyers to put down at least 20 percent and … How do I find a coop thats more lenient Or can I afford a condo on my budget … THE REALITY … If you only have $60000 …
… they may very well be Thats good news for anyone looking to buy an apartment in New York City sure but it might be … will probably be the biggest help to buyers of smallish condos since coops would almost never let you put down less than 5 …
… Condo and coop buyers often assume that if theyve got money in the … most lenders will refuse to give you a mortgage to buy an apartment there Fannie Mae guidelines nix anything …