How to Get a Mortgage on a Co-op or Condo in New York – WSJ
In New York City, key decisions often come in pairs: Yankees or Mets? LaGuardia or JFK? MoMA or the Met? In real estate, it comes down to this: condo or co-op?
Cooperative buildings, better known as co-ops, are abundant in New York’s five boroughs but are far less common in other cities. In a co-op building, buyers purchase a share of the entire property and co-own it with fellow residents. With a condo, the buyer purchases the real property.
Read more: How to Get a Mortgage on a Co-op or Condo in New York – WSJ
Leave a Reply
Want to join the discussion?Feel free to contribute!