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New York City NY Mortgage from American Financial Resources

With the world class dining & shopping, cutting edge art galleries, beautiful parks, Broadway theatres, and economic opportunity it's no wonder so many people want to call New York City home. The largest city in the United States, New York attracts people from all corners of the globe to live out their American dream within it's five bureaus. Because of the high cost of living and limited real estate many New Yorkers choose to rent apartments rather than purchase a home, and a large number of those who work in New York City commute from homes in New Jersey, Connecticut, or other areas of New York State. Despite this there are lots of Big Apple property owners who prefer to own their own home and wouldn't live anywhere else!

Whether you are purchasing a new home in the Bronx, Brooklyn, or Manhattan, or refinancing your Queens or Staten Island mortgage, American Financial Resources has great New York City mortgage rates and a wide variety of programs available.

New York Purchase Home Loans

While much of the country is experiencing a strong buyers market with lots of available inventory, New York City remains a very strong real estate market. You will likely compete with other home shoppers when you search for that high-rise luxury apartment in Battery Park, brownstone in Brooklyn, or garden apartment in Jackson Heights. To increase your chances of success it is important to arm yourself with true professionals such as an experienced real estate agent and an American Financial Resources mortgage consultant. At AFR we have been financing New York city properties for many years and have the knowledge and dedication to get the job done.

Co-op vs. Condo

Large numbers of New York City properties are Condos or Co-ops. Both are multi-unit buildings (like apartment buildings) but they have different ownership structures. Rather than owning a piece of real estate, co-op owners own stock in a corporation that owns the building, from which they lease their apartment. Owning a condo is more like owning a home, as you own your specific unit, and then also have use of common areas such as a lobby or workout facility. The cost of maintaining those common areas, the exterior of the building, landscaping, and other expenses such as security will be shared by you and your neighbors in the form of property owner association (POA) dues. American Financial Resources has excellent condo loan programs, at some of the best mortgage rates you will find anywhere. Complete the request a quote form to learn where rates are today.

Whether it is a condo in a Manhattan skyscraper, a TriBeCa loft, or a townhouse on a tree lined street in the West Village that you call home, we hope that you will call American Financial Resources for your home financing. Get started online or call 800-316-9508.

Additional Mortgage Information for the City's Five Boroughs:

New York Relocation Guide