Financing in Fort Greene : Questions & Answers

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Michael Rich…, Real Estate Pro in New York
Michael Richman answered:
What is the typical amount of time to conduct a refi, after one has agreed on terms with a mortgage broker? That seems long...

In this market it is frequently taking much longer than usual to close loans because lenders are doing an exceptional amount of due dilligence. I have seen numerous cases of the ... more
1 vote Share Flag Tue Feb 12, 2013 Financing in Fort Greene
Michael Denn…, Real Estate Pro in Brooklyn, NY
Michael Denniston answered:
Are there downsides to a second mortgage beyond the higher interest rate?
There are pros and cons with every financial decision, and mortgage are no exception. The key is choosing the financing option that's best for your specific circumstances. There are low ... more
1 vote Share Flag Mon Feb 11, 2013 Financing in Fort Greene
Javier Menes…, Real Estate Pro in Farmingdale, NY
Javier Meneses answered:
What are the risks of combining 2 standard mortgages into 1 Jumbo on my primary residence?
You want to make sure you're saving on a monthly basis and with the overall terms of the new loan. If you're currently in two mortgages, when you combine them, will you now pa ... more
4 votes Share Flag Mon Feb 11, 2013 Financing in Fort Greene
Jacques Ambr…, Real Estate Pro in 11375
Jacques Ambron, CRB CBR SFR answered:
How can one reduce the principal balance on their mortgage to avoid default?
If you are having problems making your mortgage payments, you may want to discuss a modification on you mortgage to reduce the rates/payments.
1 vote Share Flag Mon Feb 11, 2013 Financing in Fort Greene
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