Was there any gain? I sure you can claim co op ownership on your taxes. I guess thats the gain.
I guess you can lock in on a mortgage that will only increase when your maint fees does.
Thanks.
2007-11-26 06:32:59 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm not sure I understand you. Are you selling your co-op? If so, the gain is the money you make selling it.
The mortgage won't increase if you have a fixed rate. It will always be the same. The taxes and maintenance will certainly increase over the years, so that your monthly payment will be higher, but the mortgage won't change unless you have an adjustable rate.
2007-11-26 07:10:10 · answer #1 · answered by Debdeb 7 · 0⤊ 0⤋
The only co op I know about is in video games...sorry
2007-11-26 14:35:16 · answer #2 · answered by Anonymous · 0⤊ 1⤋