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

… If youve ever entered New York Citys affordable housing lottery youve probably read one key term … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … which critics say artificially inflates AMI and as a result rentstabilized rents The AMI for a single person in NYC is …

By Celia Young |October 22, 2024 - 9:30AM
What's a reverse mortgage—and how common are they in NYC?

… mortgage loan Reverse mortgages are rare in New York City condo and coop buildings Thats particularly true for coops where they … … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … Bricktionary … mortgage … …

By Celia Young |April 2, 2024 - 3:30PM
What is a cash-out refinance? Are these done in NYC?

… equity of your place one option is to arrange for a cashout refinance This is where you renegotiate the terms of your mortgage in order to access the money tied up in your … right for … A cashout refinance is open to owners of condos coops townhouses or one to fourfamily buildings New Yorkers …

By Emily Myers |September 18, 2023 - 3:00PM