StreetEasy Discussions
Where New Yorkers come together to discuss real estate
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Financing
mortgage broker vs direct lender
Updated over 12 years agoi 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... -
Financing
Jumbo mortgage on investment property
Updated over 12 years agoI'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... -
Financing
Bank of America Loan Officer
Updated over 12 years agoAny 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... -
Financing
7/1 arm
Updated over 12 years agoHi, 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... -
Financing
Wells Fargo vs TD Bank
Updated over 12 years agoI'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... -
Financing
Financing for 10 Unit brownstone needing rehab
Updated over 12 years agoHas 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. -
Financing
closing cost for cash vs financing
Updated over 12 years agoI 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?...