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Refinance/HELOC

Thank you for using our website for the refinance of your unit or for the Home Equity Line of Credit (HELOC) about which you have inquired. Using the website will facilitate and expedite the approval of your refinance/HELOC. Finger & Finger, A Professional Corporation, is general counsel and transfer agent to the Cooperative about which you have inquired. At the end of this email you will be asked to click on a button which will direct you to another page to complete an online form to commence the refinance/HELOC process. Following these instructions and completing the online form will expedite the refinance/HELOC process. Please follow the instructions herein carefully and exactly to avoid any problems or delay.

Prior to Closing

The following must be provided prior to scheduling a closing:
1. A copy of the page of the coop lien search showing the existing first mortgage (which first mortgage is required to be paid off at the closing).
2. A copy of the appraisal from the new lender showing the appraised value of the unit (the mortgage cannot exceed 80% of the appraised value).
3. Copies of the W-2’s for the Cooperator(s) for the past two (2) years.
4. Copies of the Loan (Mortgage) Commitment and Truth in Lending Statement from the new lender.
5. If HELOC – written consent of existing lender to HELOC.
6. Original Recognition Agreement in triplicate signed by new lender.
7. $275.00 payable to Finger & Finger, A Professional Corporation, if you want the Recognition Agreement returned by overnight courier or $250.00 payable to Finger & Finger, A Professional Corporation, if you want to pick up the Recognition Agreement from our office.

Closing
Upon receipt of ALL documents set forth above we will review same and contact you upon approval so that you may come to our office to pick up the Recognition Agreement or we will return the Recognition Agreement to you by overnight service if that is the option you have selected.

Closing
Refinance: Once we return the Recognition Agreement to you, it will be your obligation to coordinate closing with the lender being paid off, if any, and your new lender.

HELOC: Once we return the Recognition Agreement to you, it will be your obligation to coordinate closing with your new lender.

COMMENCING THE CLOSING PROCESS
To start the process and obtain a list of closing costs, please click on the button below and complete the online transfer form. We will email you a link and code for another page on this website which will allow you to obtain a list of the associated closing costs.

We thank you for your cooperation and look forward to working with you to successfully conclude this transfer.