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New York Mortgage Trust (NYMT) has appointed Nicholas Mah as president, effective Jan. 1, 2023. Elected by the company’s board of directors, Mah was promoted from managing director to president and will report to chief executive Jason…
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Loan amount. This is the amount you borrowed from the bank or lender, which is essentially the purchase price minus the down payment. Usually, the largest loan you can borrow will correlate with your affordability, i.e., household income.…
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These costs are essentially fees that mortgage professionals, such as lenders and real estate attorneys (among others), charge to finalize your home loan and the real estate transaction. Typically, closing costs range from 3% to 6% of your…
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