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pjay
YAY! I CAN WRITE HERE....
Member since 5/07 1551 total posts
Name:
PJAY
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mortgage for co-op
Hello -
Does anyone recommend a mortgage company/ or bank who has competitive rates on mortgages for co-ops in NY?
Anyone use Liberty Funding?
Thanks!
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Posted 7/20/07 3:09 PM  |
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jenheartsrob
LIF Adult
Member since 5/06 1861 total posts
Name:
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Re: mortgage for co-op
We used Citibank
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| Posted 7/20/07 3:13 PM |
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Joanna
LIF Infant
Member since 3/07 99 total posts
Name:
Joanna
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Re: mortgage for co-op
At the time I was looking for a mortgage for my co-op, chase was offering the best rates. Banks will compete, so if you find a rate that's really good but you prefer a different bank, see if they'll give you a similar rate. In the end we used a broker and the mortgage was through Chase.
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| Posted 7/20/07 3:19 PM |
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pjay
YAY! I CAN WRITE HERE....
Member since 5/07 1551 total posts
Name:
PJAY
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Re: mortgage for co-op
Chase did the financing but did u go directly through chase? or use a broker? and do u recommend the broker? thank you so much for your help and advice
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| Posted 7/20/07 3:31 PM |
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Joanna
LIF Infant
Member since 3/07 99 total posts
Name:
Joanna
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Re: mortgage for co-op
We didn't go directly through chase, we used a broker. I don't know what makes a broker good. I had moments when I found our broker annoying but in the end I felt he came through for us. Our closing was delayed and he was very helpful during that process. I guess it was easier to have the broker yelling at the bank than us when issues came up. It's a strange market since the subprime fiasco, I get the sense that the process of getting a regular mortgage has slowed down a bit. If you would like the name of our broker, I would be more than happy to pass it along.
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| Posted 7/20/07 3:41 PM |
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MrsT
Enjoying wedded bliss.....
Member since 4/06 1323 total posts
Name:
Katrina
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Re: mortgage for co-op
I guess you already found out that not all banks finance co-ops
I have my fixed rate co-op mortgage through Chase. We went directly to Chase. HSBC also does co-ops....I have a line of credit against my co-op through HSBC. Again, we went directly to HSBC.
I do use mortgage brokers though since sometimes they can offer products that banks don't have. Right now I am researching American Broker's Conduit (via a broker) since they have an ARM program that Chase can't offer/match.
Message edited 7/21/2007 2:50:33 PM.
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| Posted 7/21/07 2:48 PM |
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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: mortgage for co-op
we used hsbc, we used one of their mortgage consultants and loved her
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| Posted 7/21/07 6:08 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: mortgage for co-op
BOA - be wary as they look for high reqirements from the management company ...
Citibank is who we are using
both companies gave us fixed 6.0 almost 2 years ago
(we had BOA first but then citibank came though)
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| Posted 7/21/07 6:38 PM |
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