Mortgage Loan Commitment Letter Archives

Buying a house without a Realtor is easy. There’s no requirement for the buyer to have a Realtor; however, most sellers will have a listing agent representing them.

How to Buy a House Without a Realtor

By Sonja Gosine, Spokesperson at Hauseit® / October 26, 2018

Buying a house without a Realtor is easy. There’s no requirement for the buyer to have a Realtor; however, most sellers will have a listing agent representing them. Many MLS broker databases allow members of the public to search for [...]

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It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Learn the top reasons for failing a coop board interview in New York City.

How to Fail a Co-op Board Interview in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Truth be told, the co-op board interview itself isn’t very difficult. Receiving an interview invitation actually means that the board has already

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Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons.

When Do Houses Come on the Market in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons. The luxury segment of the market slows down significantly during the late summer and winter months in NYC

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The fees and buyer closing costs associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. Co-ops have lower closing costs than condos in NYC.

What Are the Fees When Buying a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 12, 2018

The fees associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. These fees include a board application fee, real estate attorney fees, move-in deposits and/or fees, the Mansion Tax as well as financing

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Many co-ops in NYC prohibit adjustable rate mortgages. Other co-ops require a higher down payment if you are using an adjustable rate mortgage (ARM).

Can I Use an Adjustable Rate Mortgage When Buying a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 11, 2018

Co-op buyers in NYC are often surprised to find out that many buildings have restrictions on using an adjustable rate mortgage. Some New York City coops prohibit adjustable rate mortgages altogether, while others allow them subject to certain guidelines. Co-ops

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How Much Mortgage Can I Qualify for in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / September 6, 2018

The answer to how much mortgage can I qualify for in NYC depends on the amount of gross income you make, your anticipated housing expenses, your other credit payments, prevailing mortgage interest rates and the maximum Debt-to-Income ratio allowed. We’ll

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What are the steps for buying a home in NYC? What do you need to know for the home buying process in New York City? Beginner's Home Buying 101 Course.

Home Buying 101 for NYC

By Sonja Gosine, Spokesperson at Hauseit® / August 29, 2018

What are the main steps for buying a home in NYC? What do you need to know before embarking on the home buying process in New York City? The following Home Buying 101 course is free of charge and written

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What's the difference between mortgage pre-qualification and mortgage pre-approval? When should I start the process? Sample preapproval letters and more.

Getting Mortgage Pre-Approval in NYC

By Sonja Gosine, Spokesperson at Hauseit® / August 2, 2018

What's the difference between mortgage pre-qualification and mortgage pre-approval in NYC? When and how can I get a pre-approved for a mortgage? We'll explain everything you need to know about getting mortgage pre-approval in New York City and even show

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NYC Mortgage Commitment Letter Sample

By Sonja Gosine, Spokesperson at Hauseit® / July 11, 2017

It's important for home buyers to understand that a mortgage commitment letter in NYC does not guarantee that the bank will fund your loan. As you will see from the NYC mortgage commitment letter sample below, there are many contingencies

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