Bricktionary

What are the differences between jumbo and conforming loans?

… to thousands of banks to finance housing Fannie and Freddie buy mortgages from lenders and either hold them or package … mortgage rates than jumbos and lenders can typically offer more options in terms of term length and whether it is fixed … … You Might Also Like … viewbublogpanes=ymalinline … Buy … Negotiating + Financing … Bricktionary … brownstone … …

By Brick Underground |December 4, 2024 - 2:30PM

brightly colored apartment buildings surrounded by trees in Upper East Side, Manhattan

Affordable Housing

What is the ‘asset limit’ for NYC’s Housing Lottery applicants?

By Celia Young |December 3, 2024 - 10:00AM

Affordable Housing

What exactly is the 'AMI' that's used to determine affordable housing rents?

By Celia Young |October 22, 2024 - 9:30AM

construction workers standing on a street in New York

Affordable Housing

What is a 'major capital improvement' and how does it affect the rent?

By Celia Young |September 11, 2024 - 10:30AM

Getting Ready

What does 'right of first refusal' mean when you are selling a NYC condo?

By Brick Underground |May 16, 2024 - 2:30PM

New York, NY, USA - December 21, 2015 - Home alone above the former L’ Greta Spa in New York City.

Negotiating + Financing

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

… a reverse mortgage work … In a reverse mortgage a bank gets more equity in your apartment in exchange for paying out … your Manhattan condo And most lenders wont let you borrow more than 60 percent of the value of your apartment You can … … You Might Also Like … viewbublogpanes=ymalinline … Buy … Negotiating + Financing … Bricktionary … mortgage … …

By Celia Young |April 2, 2024 - 3:30PM