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Affordable Homeownership in Brooklyn: A Guide to HDFCs for Buyers

Affordable Homeownership in Brooklyn: A Guide to HDFCs for Buyers

Nov 08, 2023 ,,,,,,,,

In New York City, affordable housing is often associated with rentals. Still, an alternative for those looking to own a home without breaking the bank is limited equity housing co-ops, specifically Housing Development Fund Corporations (HDFCs). These co-ops are tailored for lower-income individuals and families, offering below-market prices and strict income caps. What Are HDFCs? […]

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Navigating Home Loans and Renovation Financing in NYC: A Comprehensive Guide

Nov 08, 2023 ,,,,,,,,

If you’re considering buying a property in New York City, you may have noticed that fully updated apartments are often priced higher and are in high demand, getting snatched up swiftly. Especially in today’s market, pandemic-induced supply chain issues have further boosted the appeal of move-in ready apartments due to delays in renovation materials and […]

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How Interest Rate Hikes are Impacting NYC Real Estate Market

Jun 06, 2023 ,,,,,,,,

The recent decision by the Federal Reserve to increase interest rates for the 10th time, from 5 percent to 5.25 percent, raises important questions about the factors driving this policy shift. What are the reasons behind the Federal Reserve’s decision, and what potentially should New York City (NYC) homebuyers consider in light of this development? […]

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Exploring the Advantages of Adjustable Rate Mortgages: Flexibility and Financial Benefits

Jun 06, 2023 ,,,,,,,,

First, let’s answer the question, “What are Adjustable-Rate Mortgages?”. An ARM is an alternative option to the traditional fixed-rate mortgage. Unlike fixed-rate mortgages, they provide borrowers with the flexibility of a fixed interest rate for a specific number of years, after which the rate and monthly payment can fluctuate. ARM loans are commonly structured in […]

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6 Reasons the Building You Want to Buy in Might Not Be Approved by Your Bank

Jan 19, 2023 ,,,,

Did you know even if you are a well-qualified owner with a good credit score and money in the bank, your mortgage applications can be denied or delayed because of issues with the building?  In this article, we are going to tell you 6 ways your mortgage applications can be affected by your building, including […]

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Planning a Purchase in 2022? Make Sure You’re Keeping an Eye on Interest Rates

Feb 09, 2022 ,,,,,,,,

If you’re planning on buying a home in the near future, there’s one key area you’ll need to keep an eye on — interest rates. Below, we’ll dive into what these numbers have looked like over the past year, what they’re projected to look like going forward, and what this all means for your future […]

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How To Compare Mortgage Loan Offers

Jan 19, 2021 ,,,

Comparing mortgage loans is one of the smartest things you can do to ensure you’re making an informed decision about a financial matter that will affect your life for years to come—maybe decades. Put it that way and it only makes sense to sit through some uncomfortable conversations with a few loan officers. But don’t […]

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What Will Your Loan Officer Ask About?

Jun 18, 2020 ,

  If you’ve put off the house buying because you’re intimidated by the loan process, we want to demystify it a bit for you. Even though it can feel like you’re being grilled about every personal and financial decision you’ve ever made to the point you arrive at that office, a good loan officer should […]

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The Most Common Loan Programs Explained by a Mortgage Expert

Jun 17, 2019 ,,,,,,,,,,,,,,,,

If you are thinking of purchasing a home and need to secure a loan you may want to brush up on the different types and which one is best for you at this time. Our good friend and mortgage expert, Mark Maimon of Freedom Mortgage, has made it easy to figure out and analyze each with the […]

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A Mortgage Expert Explains Locking in an Interest Rate.

Jan 14, 2019 ,,,,,,,,,,,,,,,,

We’d like to share more expert advice from Mark Maimon of Freedom Mortgage. Our regular co-host during our Buying into Brooklyn, he always steers buyers in the right direction and this time he’s written a very informative blog about knowing when to lock in your interest rates. It can certainly be a bit confusing for many and Mark answers […]

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