Purchasing a residential property, especially in New York City, is a very expensive undertaking. With the median sale price of a New York home hitting $664,000 (as of 2022), few can afford to purchase a property outright in cash. This is why it is so important to set a realistic budget for your down payment and have a good grasp of your financing options. The real estate attorneys at Zimmet Law Group P.C. can help you navigate the various financing options available to you, review and explain the mortgage terms such as interest rate, repayment terms, and closing costs associated with the mortgage, as well as coordinate with the lenders to clear any open conditions in connection with the residential purchase, such as review and clear title.
If you would like to schedule a consultation to discuss your purchase financing options with one of our attorneys, please call us at (212) 922-1330 or fill out our Contact Us form.