Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 10021 : Real Estate Advice

  • All54
  • Local Info6
  • Home Buying26
  • Home Selling5
  • Market Conditions2

Activity 191
Sat Sep 20, 2014
John Peitler answered:
Please contact me via email. My name is John and my email is What kind of business do you wish to finance? How much will you pay for this? Thank you and good luck. ... more
0 votes 2 answers Share Flag
Mon Apr 8, 2013
Jenet Levy answered:
Yes, typically when you buy a house in NYC you own the land. Not in London though, the queen owns it all! When it comes to co-ops and condos, usually the building owns the land, but not always. There is a thing called a land lease where the land beneath the building is owned by another party. All of Battery Park City is on landlease, and select buildings throughout the city. ... more
0 votes 5 answers Share Flag
Wed Aug 20, 2014
Christopher Pagli answered:
Its always wise to go with a reputable lender. You want to ensure there aren't any hidden fees and make sure they understand the area you aare buying in. Many times people use banks from the midwest that have no idea how NY coops are run. You also want good communication and may not get that from an online company. I recommend Christian Babcock from Mortgage Master Inc. 914 447 9691

... more
0 votes 6 answers Share Flag
Sun Aug 25, 2013
Annette Lawrence answered:
ARe you certain the statement is "no guarantee that you will NOT be able to refinance..."
As we all know, two negatives equal a positive. Sounds like you may be able to refinance!

Most likely you have inserted one too many negtives, which would mean, as the 2008 crash demonstrated, the banks will promise and never deliver. DON"T PLAN ON REFINANCING AS A STRATEGY FOR THIS PURCHASE.
... more
0 votes 10 answers Share Flag
Mon Apr 8, 2013
Adina Greenberg answered:
In order for people to answer your question, you have to tell us about what property you mean. Also, it usually tells you whether or not a property has sold.
0 votes 6 answers Share Flag
Tue Mar 19, 2013
Jacques Ambron answered:
Probably, I'm assuming you don't have negative history. Income will also play a role. At this point you may want to estblish some credit which can help you lower interest rates.
0 votes 5 answers Share Flag
Thu Mar 28, 2013
Scott Godzyk answered:
You should check with a local and trusted loan officer what may be available goven your credit rating. Some programs allow a gift from your parents. They may also come on as a co-borrower or if they are giving you the money, you will need to put it into your account long before you close as banks have seasing requests. again check with the loan officer what those requirements are. be up front so they can guide you properly ... more
0 votes 9 answers Share Flag
Tue Feb 19, 2013
Nick Agostinelli answered:
You can get financing there are certain lenders you will need to work with, but you will also need a down payment as well. Depending on the lender, that will require the down payment. If you have any questions please don't hesitate to contact me at

Nick A. Agostinelli
Elegran Real Estate & Development
... more
0 votes 8 answers Share Flag
Fri May 1, 2015
Ian Ellison answered:
This question should, of course, be addressed to a lawyer. My intuitive answer is that default is default, whether it is in a credit card, a mortgage, or a time share
0 votes 6 answers Share Flag
Tue Feb 19, 2013
Bill Bone answered:
Hi Joe, yes you can get financing from certain lenders for the purchase of a condo (but not a co-op). You will pay a higher rate, possibly 5-6% and should expect to put down 40-50%, possibly less with good credit and the right lender. I can recommend an excellent lender who can help you with this, his name is Michael Lubell with Amerifund. You can email him at Good luck! ... more
0 votes 5 answers Share Flag
Thu Feb 7, 2013
Anna Lin answered:
The comment Charge is $356 / month, real estate Tax is about $400 / month
0 votes 4 answers Share Flag
Tue Jan 29, 2013
Dan Tabit answered:
There are advantages to putting 20% down, the primary being you don't have to purchase Mortgage Insurance. Mortgage Insurance protects the lender, not you so you still would need home owners insurance too.
To answer your question, the most popular mortgage right now with first time buyers is FHA. This loan only requires 3.5% down, but does require mortgage insurance. If you can put more than 3.5% down, you may be able to reduce the mortgage insurance and will of course increase your equity.
Should you wait several years and save up 20% or buy now with less? I could argue either side of this, the future is unknown so either argument could be right. Rates could (and most likely) will go up over that period of time and the rent you are paying now, will be lost. On the other hand if we were to go through another financial meltdown, renting may be a preferred option.
I encourage you to take some time and learn all you can. Talk with people you trust who have no financial interest in what you decide and make your decision.
One last note, your scores are excellent, but the one from your husband is fair. I would encourage you to research the reason his isn't better and take some steps to improve it. The result of a better score will be more options and better rates when you are ready.
... more
0 votes 13 answers Share Flag
Sun Jan 27, 2013
Janet Stephen answered:
30 days if you are with a Good Realtor and a Great Banker and you are want to work and get all the stuff finished that you need to do.
Looking forward to working with you.
11 Years Experienced...Full Time...And I care so much about you getting the one you want the way you want it. ... more
0 votes 2 answers Share Flag
Sun Jan 27, 2013
Joana Filgueiras, PA answered:
Discrepancy with borrowers financials, delay with appraisal, delay on obtaining the required documents from the association, borrower not delivering all required documents.... lots of reasons and banks are backed up apparently. ... more
0 votes 6 answers Share Flag
Fri Feb 8, 2013
You typically have mortgage tax, title search and title insurance, government recording fees, escrows, underwriting fee, processing fee, application fee, and possible discount points.
0 votes 4 answers Share Flag
Thu Dec 27, 2012
William McBurney Jr answered:
No question I can find you the exact kind of apartment investment you want but regarding the current state of financing for a person with your status, I will check with my mortgage banker colleague and get back to you. ... more
0 votes 2 answers Share Flag
Tue Sep 24, 2013
Gail Gladstone answered:
Please contact Dominick Sutera, a mortgage broker/banker at Academy Mortgage who will be delighted to answer your question. 516-249-4800 or
0 votes 5 answers Share Flag
Mon Nov 5, 2012
Anna M Brocco answered:
Your loan officer should be answering any questions you may have, therefore consider a consultation...
0 votes 9 answers Share Flag
Wed Sep 19, 2012
Michael Richman answered:
That is a question to ask a mortgage banker. Let me know if you want me to provide you with the names and contact information of several well qualified mortgae executives in New York.

Michael Richman
Licensed Real Estate Associate Broker
Bellmarc Brokerage, Ltd.
681 Lexington Avenue
New York, NY 10022
Phone 212-688-8530 x223 Cell 917-991-2528 Fax 212-758-7495
... more
0 votes 5 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice