Financing in Forest Hills : Questions & Answers

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Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
Is it inadvisable to use an FHA loan under the current buying environment? Also, what are the type of properties one can purchase if one uses FHA?
Hi, The FHA is still extremely popular. The one thing that has changed recently is their upfront mortgage insurance premiums and monthly premiums. They have gone up 4 time over the pa ... more
0 votes Share Flag Fri Apr 5, 2013 Financing in Forest Hills
Marco LaPadu…, Real Estate Pro in 11040
Marco LaPadura and David Lau answered:
I'm 22 years old and interested in buying a 1BR Co-op in Forest Hills. I make about 55K a year and have about
You can probably only afford a co-op that costs about $150K or so. As an agent in Forest Hills, I know that the majority of the co-ops here require a 20% down payment (which pretty much ... more
0 votes Share Flag Sun Aug 2, 2009 Financing in Forest Hills
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
Can I afford a co-op in Forest Hills?
Assuming no outstanding debt, your financial numbers are fine for just about any building (except Kennedy House, The Continental and any building that requires more than 30% down or mor ... more
0 votes Share Flag Mon Jul 27, 2009 Financing in Forest Hills
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