Hi Friends & Clients!
Here is the grand finale slide on "Do's & Don't's" of buying an apartment in NYC:
Understand timing between board application to approval
Speak to a loan officer prior to making an offer
Prepare all income and asset documents in advance
Get the Project information to the Lender as early as possible
Disclose all debt to your mortgage broker and real estate agent
Coordinate with your loan officer and real estate agent on the rate lock and timing of closing.
Transfer assets or make large deposits prior to application
Establish any new debt during the loan application process
Change jobs without notifying the Lender well in advance
Forget to make any payments on your existing credit accounts
I would love to host a complimentary "Lunch & Learn" for you so please don't hesitate to reach out!
Have a great day!