mortgage

brownstone brooklyn
Sell
What sellers need to know about all-cash vs. mortgage-contingent offers in NYC
By Evelyn Battaglia |May 25, 2023 - 2:45PM
upper west side street scene
Negotiating + Financing
7 ways to compete with an all-cash offer
By Jennifer White Karp |May 16, 2023 - 10:30AM
Yellow traffic light with NYC buildings in the background
Sell
Freedom of Information Act request asks Fannie Mae to release its ‘blacklist’
By Jennifer White Karp |May 10, 2023 - 12:30PM
NYC skyline
Sales Market
Putting the Fed's 10th interest rate hike into perspective for NYC buyers
By Jennifer White Karp |May 4, 2023 - 2:30PM
Upper East side buildings, close up
Co-ops
What is an underlying mortgage when you're buying in a co-op building?

… An underlying mortgage is a commercial real estate loan offered to coop buildings It is typically used to pay for capital … to refinance an existing loan on the building An underlying mortgage is also a first mortgage In practice this means if …

By Emily Myers |April 19, 2023 - 2:45PM
a view of the Lower West Side of Manhattan, featuring a number of water towers on the roofs of apartment buildings
Sales Market
Do carrying costs include monthly mortgage payments?
By Emily Myers |April 10, 2023 - 10:00AM
condo and office buildings in downtown Manhattan
Sell
There's a semi-secret list of NYC co-op and condo buildings that are off limits to certain mortgage lenders
By Jennifer White Karp |April 5, 2023 - 1:30PM
Block of colorful old apartment buildings in the Alphabet City neighborhood of Manhattan in New York City NYC
The Search
What debt-to-income ratio do you need to buy a co-op in NYC?
By Emily Myers |March 20, 2023 - 9:30AM
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Co-ops
Need a mortgage to buy a NYC co-op? Your rate is not the only thing to consider

… NYCs unique housing inventory which consists largely  of  coop buildings and no two are exactly the same So if you are … on how they are structured and make sure your mortgage lender  understands coops as well Lack of coop … that unfolded when a  wellknown bank that did a lot of mortgages in NYC moved their mortgage department to the …

By Mimi OConnor |February 17, 2023 - 2:30PM
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New Construction + Condos
A timeline for buying a new development condo: From preparing your financing to closing
By Emily Myers |February 14, 2023 - 12:30PM