Seller financing: To get deals done, some owners give loans to buyers. Here's how it works

… The concept of a seller loaning a buyer the money to buy their property may strike you as … was an effective way to distinguish their apartment from almost all of the others competing with it he says … Sellers … payments he says This process can take a long time in NYC easily a year and involve a bunch of legal fees Thats …

By Jennifer White Karp |December 29, 2023 - 3:30PM
How do you qualify for a jumbo loan in NYC?

… New York jumbo loans arent just for luxury properties Many buyers have to opt for jumbo loans which are mortgages that … baseline for the first time A higher baseline means more buyers qualify for larger conforming loans … Tougher … borrowers … Unlike with typical mortgages which require buyers to demonstrate two months of funds to cover mortgage …

By Alanna Schubach |December 11, 2023 - 9:30AM
Buy a co-op at a discount: All about HDFCs and how to get one

… It works like this Most HDFC buildings receive partial tax exemptions and subsidies to help keep operating costsand … at bay HDFC owners are usually hit with a significant flip tax when it comes time to sell up to 30 percent in some … succession so its possible that generations of a family can live in one unit  As with many HDFCs Alices apartment was in …

By Emily Myers |September 11, 2023 - 1:00PM