non-conforming loan, what is this?

Conforming loans are ones where the amount is under a threshold(like 400k) . Are you in Manhattan

yes, the loan is under 250k
can anyone recommend someone that can review my mortgage before i commit? i dont wanna be screwed and not sure if lawyer is upto this

Number 2 here-well amount is one criteria, then all the terms and conditions need to be satisfied-that is why yours is non-conforming. A good mtge broker will be more useful than a lawyer

hi, thanks:)
glad this board exists, can you recommend a broker?
thanks again

lawyer-john leggo in nyc- very very good

i recommend not using a broker = unnecessary middleman who will get in the way

#7- i know i know, thats why i'm fluxed, NO bank will give me a mortgage without the coop getting this umbrella insurance:(

This guy is getting turned down by banks left and right, but gets advice not to use someone who can get him a loan because that would be wasteful. I bet the person suggesting that did his own will, self medicates and got his life insurance over the internet

to number #9, read the f!@#$% post, im NOT getting turned down for the mortgage, the F#@## coop is!

my suggestion is to have your lawyer review it. when i bought my place, my lawyer was very upfront and ready to answer all questions from start to finish.

It is a loan with tatoos and a nose ring.

How are others buying in the building without the building have the 'correct' umbrella insurance. You may want to rethink this purchase. If you go to resell the place others will have the same problem and walk.

I agree, don't buy. More problems ahead.