Additionally, a Realtor will be able to get you in touch with a Loan Officer who could assist you in educating you on the differences between mortgages, and assist you on obtaining financing and a pre-approval.
I hope this answered your question. Should you have any additional questions, please do not hesitate to contact me.
Wishing you all the best,
De Vonte Williamson
Licensed Real Estate Salesperson
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!
It is great that you took the first step in registering with the HSBC home buyers club. Before you decide to purchase, you must first determine how much you are qualified to buy based on the amount determined by your loan officer after evaluation your specific situation.
Each Coop/Condo building is different and the enforcement of the building's house rules also varies from development to development.You are not only limited to large buildings for Coops. There are a few developments in Queens/Bronx that are situated like a Single Family home or two story building, meaning each building only has an upper and lower unit and you are allowed to have Washer/Dryer and also have parking which would be more affordable than purchasing a Single Family home. I understand your concern with purchasing in a development that does not enforce certain rules. Some top floor or penthouse units are usually more but it depends on the building if the penthouse unit provides additional perks (such as a roof deck) you would be paying more for these amenities.
Licensed Real Estate Agent
Cruse Realty / Cruz Network