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  • Financing
    mortgage broker vs direct lender
    Updated over 12 years ago
    i just started seriously looking for mortgage, and was reading this mortgage book. the author had strong preference on brokers over direct lenders. she says 60% of...
    Read more 9 comments
  • Financing
    Jumbo mortgage on investment property
    Updated over 12 years ago
    I've talked to a couple lenders that would only go up to $650k on single family investment properties in Manhattan (so 50% down required on a $1.3m property for...
    Read more 6 comments
  • Financing
    Bank of America Loan Officer
    Updated over 12 years ago
    Any recommendations for excellent Bank of America loan officers in NYC? My understanding is that Sunny Hong no longer works for B of A. I want to work with B of...
    Read more 18 comments
  • Financing
    7/1 arm
    Updated over 12 years ago
    Hi, what is the usual margin that is added to libor on reset of the 7/1 arm? I'm being shown libor + 2.25%, wondering if that's what it is, or i should request a...
    Read more 11 comments
  • Financing
    Wells Fargo vs TD Bank
    Updated over 12 years ago
    I'm in contract to purchase a new development condo but currently waiting for the TCO. Does anyone have any advice on which bank is preferable? TD Bank under FHA...
    Read more 0 comments
  • Financing
    Financing for 10 Unit brownstone needing rehab
    Updated over 12 years ago
    Has anyone recently got financing for 5+ unit vacant brownstone that needed rehabbing? Trying to figure out who I can go to for this kind of financing.
    Read more 7 comments
  • Financing
    closing cost for cash vs financing
    Updated over 12 years ago
    I am looking to buy a condo for $525,000. If I used a bank loan, closing costs are typically 6%, is this correct? If I paid cash, what would the closing costs be?...
    Read more 2 comments