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
Purchasing an Apartment in New York City, Part 7: The Package has been Delivered, The Baby’s in the Crib, The Eagle has Landed, The Fox is in the Henhouse – Management & Board Review
Welcome to Part 7 of my ongoing blog series, “Purchasing an Apartment in New York City”. In Part 6 of the series – “The Bank” – I focused on the role your lending institution plays in the purchase process, assuming you are financing a portion of purchase. In Part 7, I will attempt to mentally prepare […]
StreetEasy’s Hot Button Issue: Will the New Model Really Benefit Buyers?
Unfortunately, StreetEasy recently announced a change which is likely to jeopardize their relationship with their users (buyers and brokers alike).
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 5: The Board Package
Welcome back to Part 5 of my home buying series, Purchasing an Apartment in New York City. It’s time to address everyone’s favorite part of the purchase process – The Board Package!!! OK I admit, an entire article devoted to the board package is not sexy and usually ends with an unhappy buyer, a lawsuit or a nap. Well, not this […]
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” […]
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 […]
