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What to Do When the Fed Cuts Rates UNABRIDGED

Magazine Article by Patrick Niland on May 01, 2008

What rate cuts mean for underlying mortgages. ... We considered refinancing our building’s underlying mortgage last spring, but the board ultimately ... Mortgages Loans ... Ask the Mortgage Broker

The Prepay Penalty: The Borrower’s Burden UNABRIDGED

Magazine Article by Patrick B. Niland on August 01, 2014

With very rare exceptions, all underlying mortgages have prepayment penalties. Why? ... ’s underlying mortgage, and every loan we’ve looked at has a yield maintenance prepayment penalty like the one ... Mortgages Refinancing ... Ask the Mortgage Broker

20 Ways to Prepare for a Refi UNABRIDGED

Magazine Article by Patrick Niland on December 01, 2014

Mortgage broker Patrick Niland outlines 20 things to have prepared before even talking to a lender ... by a mortgage broker (if you use one), a loan officer, an underwriter, or the lender’s attorney. By assembling ... Mortgages Refinancing ... Our board is planning to refinance our mortgage. How should we prepare? ... Ask the Mortgage Broker

The Deadly Dozen UNABRIDGED

Magazine Article by Patrick B. Niland on February 01, 2010

their mortgages and how to avoid them. ... for their building. So, they proceed to call bankers and mortgage brokers in hopes of uncovering a secret stash ... Mortgages Refinancing Loans ... Missteps to avoid in refinancing the mortgage. ... Ask the Mortgage Broker

Miracle Workers UNABRIDGED

Magazine Article by Patrick Niland on May 01, 2010

options for financing. However, with an existing mortgage and a steep prepayment penalty, there's no way ... in preserving that collateral. So, you might ask for a second mortgage and/or a credit line to fund some or all ... Mortgages Refinancing Renovation ... Ask the Mortgage Broker

Prepayment Penalties UNABRIDGED

Magazine Article by Patrick Niland on May 01, 2006

Thinking about refinancing your underlying mortgage? Habitat’s mortgage broker explains what yield ... Patrick Niland is president of First Funding, a mortgage brokerage firm. Send your questions ... Ask the Mortgage Broker

Loan Talk UNABRIDGED

Magazine Article by Patrick Niland on January 01, 2011

, the board president announced that the board had decided to replace the building’s underlying mortgage. He ... Loans Mortgages Assessments ... Ask the Mortgage Broker

The Difference is in the Details UNABRIDGED

Magazine Article by Patrick B. Niland on December 01, 2012

two blocks apart on the same street. My building refinanced its underlying mortgage last month at what ... Loans Finances Mortgages ... Ask the Mortgage Broker

Condo Borrowing UNABRIDGED

Magazine Article by Patrick B. Niland on April 01, 2012

A condominium board asks: Can a condo borrow money? And, if so, could some owners pay ... loan transaction I have ever done, someone has asked me the same question. My answer always ... Ask the Mortgage Broker

Advice and Consent UNABRIDGED

Magazine Article by Patrick B. Niland on September 01, 2009

a mortgage broker among the professionals that I recommend you hire. While I believe that any loan ... Ask the Mortgage Broker

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Why is not the Board giving access to Financial Records? What to do?

Gina Apr 02, 2024

coop insurance

DP Mar 28, 2024

Board Elections - problem with Inspector

Disenfranchised Mar 25, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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