chill225's Profile
- 1977
- Brooklyn
- Cobble Hill
- Co-op
Author's Posts
May 12, 2008
French Door Glass Repair
Does anyone have the name of a person or company who can repair 2 panes of broken glass in an inside French Door without taking the door to the shop? Located in Cobble Hill. Thanks in advance.
May 10, 2008
Moving Company
Can someone recommend a mover who is careful with antiques? Moving upstate from Brooklyn. Thanks
March 6, 2008
Antique Pine Cabinet For Sale
Antique American Pine Cabinet, $750
78.5” high, 42” wide, 18” deep
Top lifts off, 3 shelves inside
Located Cobble Hill, 1st floor. You pick up, Cash only. please email me at: cabinet@mindspring.com
January 28, 2008
Gas ESCO
Can anyone recommend a Gas Supplier that they are pleased with the pricing terms? Does anyone use Columbia Utilities in Brooklyn? I'm looking to change suppliers. Thanks in advance.
December 26, 2007
Redoing Old Floors
Old wide board floors have been sanded down to bare wood and one coat of wax put on. How many coats of wax should be put on to give the wood a nice look and protection? Can you recommend a good wax? I didn't do the first coat. This is instead of polyurethane.
thanks in advance.
November 28, 2007
Slanted Floors
I saw a small, 200 year old 2 story wood frame house upstate. The 2nd floor bedroom has a floor that slants in toward the center of the house enough to notice. The other room on the 2nd floor doesn't slant. Can the slanting floor be made level by putting a floor on top and somehow making that one level? Thanks in advance.
Author's Comments
How many units are in the coop?
Posted by: chill225 at November 30, 2007 2:23 PM in response to Nonpaying Co-op Owner
Which score of the 3 do they use for the credit rating when applying? Or do they check all 3? Thanks in advance.
Posted by: chill225 at December 11, 2007 10:46 AM in response to FICO score and Mortgage??
Yes, you get an inspection for a coop.
Posted by: chill225 at December 11, 2007 8:48 PM in response to Inspection for Co-ops & Condos?
Did you use Columbia Utilities and switch back? Or are you with Columbia now? Thanks
Posted by: chill225 at January 28, 2008 8:51 AM in response to Gas ESCO
Depends on the wind direction. It can catch the breeze and bring it into the space. I have one in my kitchen and love it. It replaced a casement that was hard to get to above a sink. But remember to close when it starts to rain, as it's more exposed than a casement.
Posted by: chill225 at February 28, 2008 1:51 PM in response to changing sliding sash window for casement
OP here: This is an old piece. To anyone interested I can email detailed photos.
Posted by: chill225 at March 6, 2008 6:49 PM in response to Antique Pine Cabinet For Sale
I switched from Animal Kind to Hope Vet.
390 Atlantic Ave between Hoyt and Bond
Wonderful people, my cat even liked it there.
Posted by: chill225 at March 18, 2008 8:19 PM in response to Any neighborhood vets for new puppy?
I've had a 24" Premier range for years and it's very efficient and holds more than you would think. Their new stainless one looks nice. Also, Avanti makes a stainless one that's self cleaning.
Posted by: chill225 at April 10, 2008 8:24 PM in response to 24 inch stove
Has anyone used Galil Moving & Storage?
Posted by: chill225 at May 10, 2008 5:05 PM in response to Moving Company
Responses to Author's Forum Comments
Actually, if you're buying a co-op or condo in a smaller building, you should *definitely* have an inspection. You're becoming part owner of the entire building, and if it's only, say, 4 units (like a converted brownstone/townhouse), then you'll be responsible for a significant portion of any big-ticket costs. It's good to know that up front, and an inspection can tell you that.
Posted by: guest at December 11, 2007 9:30 PM in response to Inspection for Co-ops & Condos?
Agree with the last poster; it is imperative that you find out the condition of a small building before buying. I backed out of a unit in a 7-family based on myriad issues brought to light by the inspection and it was probably the best $600 I ever spent.
Posted by: guest at December 11, 2007 10:02 PM in response to Inspection for Co-ops & Condos?
I am a mortgage broker. The middle score is the primary score used.
Rates depend on a number of things. Your credit score is one. Your income is another. Are you W2'd or self employed. If self employed, your income used will be your adjusted gross income (after deductions). Is this enough to support the mortgage? If W2'd, is this enough to support the mortgage. You must keep all the other payments on your credit report in mind as well, ex. car payments, credit card payments, student loans, etc. If self employed, the bank will want to look at a two year history, and probably average the two.
Rates also depend on the type of house - single family, two family, three family, etc.
They also depend on your liquid assets. On how much of a down payment you are putting down - your LTV - loan to value (of the house), the lower the better. Also on the loan amount - whether it is a conforming amount or a jumbo loan.
Chris
Posted by: guest at December 11, 2007 11:30 PM in response to FICO score and Mortgage??
What's the cost of an inspection vs the hundreds of thousands that you are paying for the co-op or condo?
Posted by: nosleeptil at December 12, 2007 12:04 AM in response to Inspection for Co-ops & Condos?
Thank you, mortgage broker.
It was very helpful for me ( I am not an original poster). I have almost the same credit score, but the difference is tat we think about refinancing and we have about 800K (around 40%) equity in our house. Rental income raised as well. It pays about 80% or mortgage.
But the minus is that now we go on one income. I had to quit my job for family reasons.
When we got our mortgage (initially), we had 2 W2s but only 10% down in equity.
We got very good rate back then, but it will expire in 2 years. Now we are trying to guess should we refinance now or test our lack on rates and wait till I will return to work.
From your post I gather that 40% equity in the house has more weight then another 100K in W2.
Posted by: guest at December 12, 2007 9:05 AM in response to FICO score and Mortgage??
9:05 -
Every situation is different. There are too many variables to give a direct answer. You can contact me with your information, and I can tell you what rate you would qualify for at this time. Then you will have information on which to make a decision.
cwatklevicz@ffmortgagegroup.com
Posted by: guest at December 12, 2007 10:08 AM in response to FICO score and Mortgage??
Yes, an inspection is money well spent. We've used Heimer for three apartments, and they were very thorough. In each case, they pointed out issues (electrical, roof leaks) that were not apparent.
Posted by: guest at December 12, 2007 3:43 PM in response to Inspection for Co-ops & Condos?
INSPECT your new condo too!
i did. found out that the construction was terrific (felt good about that), but that some of the late finishes were not. got the sponsor to make changes prior to closing.
saved me money.
Posted by: guest at December 12, 2007 5:09 PM in response to Inspection for Co-ops & Condos?
You may also want to check out lendingtree.com -- we used that for a refinance on one house and used them to get bids for another. If it still works the same way as it did a few years ago, it matches you up wityh three offers (you get the rate, costs, etc.). One word of caution -- when you get quotes, either from a broker, bank, or lendingtree, they will run a credit check -- and if done too many times it will lower your credit score.
Posted by: guest at December 13, 2007 5:13 PM in response to FICO score and Mortgage??
you should talk to the broker we used when we bought a few months back, we were first time buyers and had all your questions PLUS. his name is Ari @ Landmark Funding Group #212-710-8680
Posted by: guest at December 13, 2007 9:31 PM in response to FICO score and Mortgage??
thanks for the advice.
Posted by: chill225 at November 29, 2007 1:20 PM in response to Slanted Floors