Manhattan Condo Living

Eileen Hsu (許小姐) and Morgan Evans, the new generation of Real Estate Professionals. We specialize in Manhattan Condos, including: Resales, New Construction, Pre-Construction and Foreign Nationals buying Manhattan New York Condos. Contact us at (917)837-8869 or (646)644-6929 Today.

Manhattan Condo Financing Must Know

Manhattan Condo Financing: When purchasing a home don't forget that banks are looking at how much money you have left in your bank accounts. 

In selling Manhattan Condos, many times we get caught up in what is the highest purchase price we will entertain.

Manhattan Condo Financing means that the banks are also looking at how much money do you have in your accounts after you make the down payment and pay all the closing costs. You will see that some of the best rates offered are tied to banks who might want to see 18 months of your mortgage payments and common charges and real estate in the bank if you are looking to purchase a condo.

 

 

Or bank might request 15% or 25% or greater of your mortgage in the banks. So If your mortgage is $600,000 they might want to see 15% or $90,000 in your bank accounts. If you have retirement accounts the banks will look at those assets. They will count 70% of those monies towards this requirement. Debra K. Bedell Loan Officer Preferred Empire Mortgage Co. dbedell@pemc.com

 

 

 

We are Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (212)321-7122 or (917)837-8869.

Manhattan Condo BUYERS AND INVESTORS,

we also cater property tours for other language speaking foreign nationals or private one-on-one consultation and tour. For a tour that is specific to your needs, please contact us (212)321-7122 or (917)837-8869 or email ehsu(at sign)elliman.com for specific details*

*Manhattan Condo Financing Must Know* was first published on www.Manhattan-Condo-Living.com*

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comment balloon 1 commentEileen Hsu • April 22 2009 06:48PM
Manhattan Condo Financing Must Know
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Manhattan Condo Financing : When purchasing a home don't forget that banks are looking at how much money you have left in your bank accounts. In selling Manhattan Condos many times we get caught up in what is the highest purchase price we… more