What's a reverse mortgage—and how common are they in NYC?

… as their primary residence So you cant live at your beach house while still collecting cash via a reverse mortgage on … 15 or 20 yearsor secure lifetime payments Lenders use a formula that determines life expectancy to dole out payments … need to keep up with their expenses Shultz says Instead of selling and moving out of the home they love they can use …

By Celia Young |April 2, 2024 - 3:30PM
What’s the average flip tax for a condo or co-op in New York City?

… youre probably already familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out for when you sell a flip tax if you live in a coop or a transfer fee if you live in a condo which usually …

By Celia Young |April 1, 2024 - 2:30PM