Knowledge is Power: Understanding Amortization and Mortgage Interest Rates
Have you ever calculated how an increase in mortgage interest rates actually affects your purchase in real dollars?
Tag: Mortgage contingency
Knowledge is Power: Understanding Amortization and Mortgage Interest Rates
Have you ever calculated how an increase in mortgage interest rates actually affects your purchase in real dollars?
Knowledge is Power: Understanding Amortization and Mortgage Interest Rates
Have you ever calculated how an increase in mortgage interest rates actually affects your purchase in real dollars?
Purchasing an Apartment in New York City, Part 6: The Bank
Assuming you are financing a portion of your purchase, the bank will play an important role in the success and timing of the overall process. Therefore, it is important to have some insight into the role your mortgage professional and the bank play, and the behind the scenes process of obtaining a loan.
What’s Up With Down Payment?
I am often asked by buyers, “Why does the seller care about my down payment amount? As long as I am satisfying the building’s down payment requirement, and the bank has approved the loan, aren’t they getting their money at the closing table whether I ‘put down’ 20%, 50% or 100%?” It is a very reasonable […]
Purchasing An Apartment In New York City, Part 3: Perfecting Your Pick and Roll
Welcome back to Part 3 of Purchasing An Apartment In New York City. The goal of this series is to help NYC home buyers formulate a sound game plan in an effort to maximize the possibility of “winning” an apartment. A critical component of any successful game plan is creativity and “out of the box” […]
Happy Valentine’s Day From Eirik and Unreal Estate!
I want to thank each and every one you for taking the time to read my blog and seek my advice. It means the world to me when I get a call or email from someone who has read my blog and needs my help. My hope is to give you the guidance you need […]
Purchasing An Apartment In New York City, Part 2: Understanding Your Opponent (continued)…
The following is the conclusion to Purchasing An Apartment In New York City, Part 2: Understanding Your Opponent posted on November 26th, 2014… In every deal, both the buyer and seller assume some risk. In a Buyers’ Market, the risk tends to be shouldered by the seller who must do anything and everything to attract […]
Purchasing An Apartment In New York City, Part 2: Understanding Your Opponent
If you haven’t read Part 1 of Purchasing An Apartment In New York City, I recommend doing so. In Part 1, I addressed Preparation. Understanding the market, financial requirements to purchase (from both a down payment and debt-to-income perspective), as well as your strengths and weaknesses as a buyer are essential to “winning” an apartment […]
Unreal Estate 