Whats my next step after I have signed the contract to buy a condo, co-op, or house and submitted a loan application?
If you are purchasing a co-op you must complete and submit an application to the managing agent for the building. The purchase application generally requires personal and business references, a statement of assets and liabilities, income tax returns and recent bank statements. If you are purchasing a condo, the application generally far less extensive. If you are working with a real estate broker, your broker will review your application prior to its submission to the managing agent.
