Ella Chavers answered:
I live in an HDFC about to end its 25 year coop agreement with the city/HPD - any advice on commercial banks/lenders willing to lend $1.3M?
Contact:
Lenny Holler
VP
De Capital Mortgage (Wells Fargo)
212-692-8468
TC answered:
RIFI question in a COOP
thanks for answering! My broker was excellent and I knew that it was not his fault because I have the letter stating too many apts owned as investment properties according to Fannie Mae
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Mitchell Hall answered:
If i refi my coop in clinton No cash out i sit subject to NY transfer tax..we own the ccop now
Edwin,
Coops are subject to city and state transfer taxes but not NY state mortgage recording tax. Transfer tax and mortgage recording tax are totally different taxes. When you finan
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Trevor Curran answered:
If i refi my coop in clinton No cash out i sit subject to NY transfer tax..we own the ccop now
Good afternoon Edwin,
There is no mortgage tax on Cooperative loans in New York City.
Trevor Curran
NMLS #40140
Marco Gomez answered:
What is "origination cost"? How does it work? Is it a on-time cost or does it get added to my mortgage rate on an ongoing basis?
Origination fees are a one time fee.
Travis Old answered:
Will anyone refinance an investment coop apartment in Manhattan?
Nets2009,
You may want to look at some regional banks who are looking for options to lend/increase their debt cap. Larger banks are really mitigating risk now, and as the other broke
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Annette Levinson answered:
can you get a reverse mortgage at 70 east 10 th st?
If the property is a coop-no. If it is a condo, it will depend if it is FHA approved -yes.
Robin Silverberg answered:
Looking for mortgage for a co-op, self-employed
I don't think there is anyone. Also, you have to keep in mind, if you can't qualify for the co-op board, it doesn't matter who will lend to you. The co-op will look at your income more
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Trevor Curran answered:
I NEED TO KNOW ABOUT THE O DOWNPAYMENT
Good morning Dean,
If you are a Veteran of the Armed Forces and you qualify for VA Guaranteed mortgage financing, then eligible Veterans are permitted to financing up to 100% of the
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Mitchell Hall answered:
Can I use an offer letter as proof of income for a mortgage?
Congratulations! As some of the other NYC brokers mentioned coops have their own financial requirements. If you can get a mortgage and have the down payment you can probably buy a condo
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David Zybin answered:
I need a list of Portfolio Lenders in NYC that are willing to finance a Condo in a building that has more that has more than 50% sponsor-owned units.
I have had a similar deal in financial district. Had it financed through Congress Capital Group. The requirement was for 25% pre-sale of units and no ongoing litigation against develope
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Jim Landon answered:
Has anyone used or can recommend online rent payment services, other than paypal? I've heard
This question is a few years old, but for anyone finding it now...heard great things about RentMonitor: www.rentmonitor.com
J.d. Saxon answered:
Can I get a mortgage if I am an independent contractor and took a year off work to travel last year?
962748,
It is disappointing to hear people in the RE/Lending industry saying "yes you can! just call me and I'll give you "my guy's number". It is just this kind of shady approach
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James Tan answered:
Can I get a mortgage on new York property as a non-us citizen, foreigner?
Hi Benny,
You can buy an investment property anywhere in USA. Here in Northern California, (Greater Bay Area, Greater Sacramento) there are many foreclosed/short sale properties selli
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Wagner E Oliveira answered:
hi, I'm a non-US resident and I want to buy, as investment, an apt in Manhattan. Can I use financing for part of the payment?
thanks
Gustavo
Gustavo,
Claro que vc pode.
Vc precisa se qualificar com um lender primeiro.
Para mais esclarecementos me liga.
646-619-3720
Annette Levinson answered:
where are there Free Mortgage seminars in NYC ? Theresa NYC
Theresa,
Have you contacted the Neighborhood Housing Group? They have seminars and classes on home buying, budgets & etc.
David Zybin answered:
I am looking for refinancing of a Condo in New York City but my Condo building is 48 % renters. Can a Portfolio Lender help me?
I have had sales in buildings with high investor concentration. Last one was financed through Congress Capital Group in NY. They are mortgage brokers, but client was very happy with the
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Rocco Guercio answered:
Thank you everyone that has answered my question BUT I don't need a mortgage broker , I need a Portfolio Lender.
Hi,
I am a New York loan officer, please feel free to contact me. I would like to know more about your situation.
Thank you,
Rocco Guercio
347-462-4210
Peter Brown answered:
Looking for a mortgage to purchase a condo in UES Manhattan as an investment property
To Investor:
You should not utilize a mortgage broker but instead you should go directly to a bank. Many lenders like myself have the ability to broker as well. What we do at RHF is pr
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