New Jersey has a 'smart start' program that offers up to 4% toward the purchase of a home, I am not sure if it is restricted as to co-ops though. If you email me at email@example.com I will put you in touch with someone who can find out for you though.... more
The interest rate is what rate you are paying for your mortgage. The APR (annual interest rate) is the rate when you add the closing costs to the interest rate to see what you are really paying. This allows you to compare a rate with points to a rate without points. The APR is taken off the closing costs and rates so it cannot be negotiated. The points and lenders fee are the only things that can change.... more
Listen to your loan officer/lender and or ask your attorney the question--at least 51% of the units need to be owner occupied--see link for additional information.
All you need to do is call the city hall and ask for the property tax collector's departmnt. They can tell you tell you the tax rate. If you would like to know the property tax on a particular property , I can get that info for you. Please contact me through my website.
Sharon Kozinn... more