Category: Finance

Finance
2019 April Capital Reserve Funds

As community members, co-op and condo owners work together to maintain the greater structure in which they live – not just their individual units. Major systems – things like boilers, roofs, and facades – are expensive to maintain and repai…

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Finance
Everything You Wanted to Know About Jumbo Loans

‘Jumbo loans.’  It’s a term we hear frequently and see advertised regularly.  But what exactly is a jumbo loan, and how did ‘jumbos’ come to be? Origins The world of home loans -- including co-op and condo mortgages -- has changed and evo…

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Finance
2018 November The Appraisal Process

For many people, appraisals – why they're done, how they’re done, and how they’re used – is a mystery. But that need not be the case! For all intents and purposes, appraisals are a straightforward and simple component in the process of comp…

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Finance
2018 July When Associations Borrow

Whether it’s a renovation, an emergency repair, or anything in-between, condos, cooperatives, and homeowners’ associations are rarely not spending money on something. And while they may have reserves on hand to pay for its latest project, m…

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