Avoiding The Mortgage Refinancing Mistake

Problem Solved! For Co-ops and Condos

Among the many financing decisions facing co-op and condo boards, refinancing the property's underlying mortgage — which is typically done to pay for capital repairs — is one of the most challenging, and complicated. In this episode, Harley Seligman, senior vice president at the National Cooperative Bank, sheds light on the biggest misstep boards make when refinancing — which is not borrowing enough. Harvey Seligman is interviewed by Paula Chin for Habitat Magazine.

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