A co-op is a home you don't exactly buy. Instead, you're buying shares in a corporation that allow you to live in that home. This can make financing a co-op difficult, since it's not actually a real estate transaction. But if you live in an area where co-ops are common, like...
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Special financing:You can’t use a typical mortgage loan to purchase shares in a co-op. You’ll generally need a share loan, which makes financing a co-op purchase a little more difficult than other forms of homebuying. What is a condo? A condo, short for condominium, is a privately ...
The best way to find coop apartments is to inquire with your local housing authority. How Do I Get a Co-Op Apartment? As you would if you were purchasing a single-family home, you have to go through an approval process to get a loan for a co-op apartment. When you sign a ...
a certified public accountant who practices in New Jersey. The balance sheet of the co-op will reflect real estate taxes while the condo sheet won’t. “The real estate tax is an expense of each owner, not of the condominium association and is therefore not included on the condominium’s ...
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In some cases, an apprenticeship could even help participants avoid student loan debt altogether. Here are some key steps to take if you're thinking about an apprenticeship program and weighing how to pay for it. Get Reliable Information Wondering if an apprenticeship is right fo...
A mortgage recording tax is calculated as a percentage of your loan when you are buying a condo or a house. If you borrow more than $500,000 you pay 1.925 percent.
What is a Co-op? Many people will ask what a condo co-op is. When you purchase a condominium, you own the unit and a percentage of the joint space. When buying a co-op, you purchase a share of the property and have a deed allowing you to live in a unit. ...
While customer service is often touted as more of a credit union benefit, the American Customer Satisfaction Index's 2024 survey indicates that banks are slightly stronger in this area overall.1213 However, the difference is almost negligible, with both credit unions and banks posting similar scores...