What are the differences between jumbo and conforming loans?

… mortgage youve probably come across the following terms for loans jumbo and conforming Confused about what they are or … Here are some of the distinctions between the two types of loan  Editors note An earlier version of this article was … December 2023 … How much can you borrow with a conforming loan … A conforming loan is one that can be acquired by …

By Brick Underground |December 4, 2024 - 2:30PM
What is a 'major capital improvement' and how does it affect the rent?

… want our apartment to be kept in good condition tenants of rent controlled or rent stabilized units in New York City … the phrase major capital improvements Thats the term used for upgrades that justify a landlord permanently hiking the … all the tenants in the building MCIs also need to involve replacements rather than repairs For example a new boiler or a …

By Celia Young |September 11, 2024 - 10:30AM
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… When they vacate the apartmentwhether they pass away move into assisted living or migrate to milder climatesyou may want … to a law passed at the end of 2023 that helps clarify how to calculate one key factor determining eligibility the … by clinical and laboratory diagnostic techniques … Changes to how the cohabitation period is counted … Your

By Celia Young |January 9, 2024 - 11:00AM
What are land-lease buildings? Are they common in NYC?

… Stone has also taught real estate classes on the subject for years  These buildings are mostly in Manhattan namely on the Upper West and East sides as well as in Battery Park Brooklyn has a smattering too The reason behind this rarity … from the property without having to take a tax hit from the sale of the property Sanders says Due to the unusual nature …

By Evelyn Battaglia |December 4, 2023 - 12:30PM