Buying

Buying a home can be an exciting experience, but it’s also a significant financial responsibility. So it’s essential to take stock of all the expenses before you apply for a loan, especially the monthly payment. But if you’ve never applied for a mortgage before, you may not know what to expect. So, to help you … Read more

Buying a condo in New York City can be thrilling, but it’s also a major financial commitment. It helps to know what to expect so the process is as smooth as possible.  Here is a look at the basic steps to buying a condo in NYC.   How To Buy a Condo in NYC 1. Set … Read more

Owning a million-dollar house is a dream for many Americans. Here is a look at how to afford a million-dollar home and what kind of financial obligations are required.  How Much You Should Make to Afford a $1 Million Home To afford a $1 million home, you should be making at least $150,000. The exact … Read more

When putting your home on the market, it helps to have a general idea of what the property is worth, so you can attract buyers while still getting the best price possible. But if it’s been a while since you bought the home, it may be tough to know how much it’s worth in the … Read more

When purchasing an apartment in New York City, you have to decide between buying a condo or a co-op. Co-ops are typically cheaper but also come with additional restrictions that buyers must consider. Here is a helpful guide to buying a co-op in NYC. What is a Co-Op in New York City? A housing cooperative, … Read more

You need a lot of money to buy an apartment in New York. Besides a hefty down payment, you’ll need to cover a variety of other fees associated with purchasing a home. Here’s a look at NYC buyer closing costs.  Housing prices in NYC are exorbitant. But when shopping for a New York City home, … Read more

New York is famous for its complex tax codes. One of the important taxes homeowners in the five boroughs should be aware of is the NYC mortgage recording tax. This tax applies to anyone getting a mortgage to finance their home purchase and often contributes to higher closing costs. There are so many fees and … Read more

The NYC mansion tax is a progressive tax imposed on residential real estate transfers over a million dollars. The mansion tax ranges from 1.0% to 3.9%, resulting in higher closing costs for those buying a home within the five boroughs. But the term mansion tax can be a bit misleading because the tax does not … Read more

Buying an apartment in New York City is not that much different from buying a home anywhere else in the country, except there are a few more steps and associated costs. New York City is known for its expensive real estate. So, the vast majority of those looking to buy a home will likely purchase … Read more

Going through bankruptcy may feel like your chances of getting a loan are ruined because it will inevitably impact your credit and drain your finances. However, there is always hope for redemption as long as you get back on track and change any bad habits. Buying a home after a bankruptcy isn’t easy, but it … Read more