Financing in 10003 : Real Estate Advice

change location

cancel or

Activity

191
Mark Heusink…,  in New York, NY
Mark Heusinkveld answered:
I am just thinking about making an offer on an appartment in NYC but learned that I have to have 100% of the purchase price in liquid assets after the
Meg,

This must be for a co-operative in NYC. Co-op boards are allowed to require a wide range of financial constraints in order to qualify to buy in their respective buildings. It ... more
0 votes Share Flag Thu Mar 31, 2011 Financing in New York
Luke Allison,  in Asheville, NC
Luke Allison answered:
Great credit and income-possible to put only 5% down with a purchase price of $810,000?
Your best bet is an FHA mortgage which will go to 96.5% financing and up to $729,750. This would put you at a purchase price of $775,000 based on the assets you have. I highly doubt y ... more
0 votes Share Flag Tue Jan 3, 2012 Financing in New York
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
My wife and I have found a great apartment in Manhattan. We believe we can get the place for $810,000. Our income and credit are great. The problem
Have you spoken to a mortgage broker or bank on getting a loan? If your credit and income are good, many banks do not require a huge down payment. If you have closing costs and 5% to ... more
0 votes Share Flag Thu Oct 15, 2009 Financing in New York
Greg Knox,  in Cedar Knolls, NJ
Greg Knox answered:
Should I sell my COOP in Brooklyn first before buying my next one in Manhattan?
unless you can afford to carry both of them, absolutely.
0 votes Share Flag Sun Oct 11, 2009 Financing in New York
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Rudy McDowell answered:
This is a question for a mortgage professional. Adina GreenbergAgentNew York, NYI'm seeking help for my buyer who was pre-approved fo...
Adina

That's unfortunate and unbelievable! How could a lender forget to do one of the most rudimentary requirements for a loan qualification? At one time, you could have a no ... more
0 votes Share Flag Mon Oct 5, 2009 Financing in New York
Louwu,  in Irvine, CA
Louwu answered:
This is a question for a mortgage professional.
Adina,

This reply is probably too late, but I can actually help with your issue! Over 30% down with solid credit on one coborrower and limited credit on the other coborrower is fine ... more
0 votes Share Flag Thu Mar 18, 2010 Financing in New York
Adina Greenb…,  in New York, NY
Adina Greenberg asked:
This is a question for a mortgage professional. I'm seeking help for my buyer who was pre-approved for mortgage and was told a month before closing, oops, we made a mistake, we cannot help you. Husband and wife, making $35K and ...
0 votes Share Flag Fri Oct 2, 2009 Financing in New York
Jo-Ellen Ash…, Real Estate Pro in New York, NY
Jo-Ellen Ashby answered:
can i get a mortgage without credit history and 2 year tax return?
I believe you will find that credit history is more important that income, down payment, or credit rating! You can easily get credit history...go to a local bank, borrow $1,000, pay it ... more
0 votes Share Flag Tue Sep 29, 2009 Financing in New York
David Zybin,  in Brooklyn, NY
David Zybin answered:
I am very interested in buying an apartment in Brooklyn, but I was wondering which are the requirements to buy a house as a Foreign National.
Alice, as a foreign national buyer you are typically required to put between 30%-40% down, there are lending programs for buyers like you, which do not require income disclosure, but th ... more
0 votes Share Flag Sun Mar 20, 2011 Financing in New York
Lori Lewis, Real Estate Pro in Bethlehem, PA
Lori Lewis answered:
Is anyone doing 70- 85% ARV Hard Money loans in New york in 5 boroughs?
I have used Brookview in the past and they are good guys. Give the a call.
0 votes Share Flag Wed Feb 18, 2015 Financing in 10123
Judith Saund…, Real Estate Pro in New York, NY
Judith Saunders answered:
My daughter is moving to NYC in Nov as a lawyer- her first real job. What are the chances of her qualifying for a coop purchase with a 10% down?
unfortunately minimal. Some buildings will allow co-purchase with a parent but very few will accept only 10% down. The usual down payment is 25% although some allow 20%
0 votes Share Flag Thu Oct 15, 2009 Financing in Upper West Side
Robert Hyder, Real Estate Pro in Milford, CT
Robert Hyder answered:
Do I need a lawyer to refinance my co-op mortgage in NYC?
Corsair,

You are correct in saying you do not need an attorney for your refinance. However, as I'm sure you're aware, coop boards can be difficult to deal with at times. ... more
0 votes Share Flag Thu Oct 15, 2009 Financing in New York
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
The condo I would like to purchase is not FHA approved. How difficult and time consuming is it to receive SPOT approval for a condo in NYC?
One important question on this condo is whether it is new construction or not. If it is an existing condo, it would be less difficult, especially if there are a majority of owner-occupi ... more
0 votes Share Flag Fri Oct 16, 2009 Financing in New York
Call Me D, Home Buyer in New York, NY
Call Me D answered:
Prospective NYC first time homebuyer with a good credit score; Credit-Rich but low on cash.
sorry...forgot to add that I've been shopping in the $175k-$225k range.
0 votes Share Flag Fri Oct 16, 2009 Financing in New York
Kyle,  in Scottsdale, AZ
Kyle answered:
How much time does one have to wait after filing for chapter7 ,when can you qualify for a home loan.?
1 day, depending on the loan type you want and the down payment you have. For conventional loans you need 3 years, for hard money loans with 35% down it doesnt matter.
0 votes Share Flag Mon Aug 31, 2009 Financing in New York
Anne Marie S…,  in New York, NY
Anne Marie Salmeri answered:
How much in total will I be taxed if i use my 401k as a down payment for a first time home purchase?
That's a good question but it's a question for your accountant or money manager. If you have any other questions, please feel free to contact me at ams@corcoran.com or 212-44 ... more
0 votes Share Flag Fri Aug 28, 2009 Financing in New York
Dp2, Other/Just Looking in Virginia
Dp2 answered:
Loan Modification for 2nd home that has lost value
You'll have to demonstrate some type of hardship. For example, let's say your rental in Orlando requires some repairs, you're counting on borrowing against part of your equity to make ... more
0 votes Share Flag Thu Dec 30, 2010 Financing in New York
Leslie Kaye, Real Estate Pro in Indian rocks beach, FL
Leslie Kaye answered:
my credit score is 567.. Are there any mortgage options available for me in NY?
Hi, I am a lender in Floirda. I help clients raise their credit scores to get them a loan or even
just a better rate. Have you considered do this? Some helpful hints. Pay down your cha ... more
0 votes Share Flag Tue Sep 17, 2013 Financing in New York
Chris L. Chr…,  in New York
Chris L. Christie answered:
SONYMA vs conventional loan
Assuming that your mortgage person is correct, if your Debt/Income ratio is too high, then your partner may have a difficult time getting an approval with his $40k salary. Not enough i ... more
0 votes Share Flag Wed Aug 5, 2009 Financing in New York
C2 Financial…, Real Estate Pro in San Diego, CA
C2 Financial Loans answered:
Better to get a loan through a mortgage broker or go to bank directly? Excellent credit.
Why Use a Broker?

Independent mortgage brokers have had a significant positive impact on the lending industry. Today, the use of a professional mortgage broker is one of the key str ... more
0 votes Share Flag Fri Oct 16, 2009 Financing in New York
... 4 5 6 7 8 9 10
Search Advice

Followers

1096
Email me when…

Learn more

Home > New York > New York County > New York > 10003 > Financing in 10003
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer