For example, if your anticipated monthly mortgage payment is $2500 per month and your monthly maintenance is $1000, you would need to have at. $0. The average debt-to-income ratio for co-op apartments in NYC falls between 25% to 30%, and co-ops typically seek buyers with a DTI of 28% or less. You can find rent-to-own apartments at 100 Barclay Street, One Manhattan Square, 196 Orchard, 298 East Second Street (Houston House) and 21-30 44th Dr. However, the specific buyer financial requirements vary by co-op. 20. Usually in new construction there are 2 walk-throughs of the apartment before closing. markets where liquidity effects may be particularly acute, namely emerging markets. – Fixed Rent and Fixed Rent Increases. Hauseit LLC co-brokes all listings in REBNY RLS and/or OneKey MLS. Study with Quizlet and memorize flashcards containing terms like accounting cycle, clearing account, closing entries and more. While every building is different, they’ll usually require 20% down, a debt to income ratio under 30% and post closing liquidity of 12-24 months. 5% to 6% of the purchase price. Great deals. Furthermore, you’ll have to factor in the fees you’ll have to pay to the managing agent or to your condo association into your rental income calculations. I have a question about post-closing liquidity requirements: is there a rule of thumb for "liberal coops"? I ask b/c after down payment/closing costs, I will only have about 20 months of "liquid assets", cash/stocks (401K adds almost 250K but I know that doesn't count as liquid). When reviewing a REBNY sheet and calculating the post closing liquidity, do you first subtract the down payment from the existing liquidity then divide by the. Calculate by taking your liquid assets after subtracting your planned down payment and. Just as an bank will lend you capital till purchase a co-op includes NYC doesn’t mean you are financially strong enough to buy a specific apartment. In NYS, so is life insurance, nonqualified deferrals, IRAs and certain trust accounts. but the co-op board feels like your financials are “on the cusp” regarding either debt-to-income ratio or post-closing liquidity. 0027. was seeking buyers for Philadelphia regional bank Republic First Bancorp last week before it struck a deal to raise capital, according to people familiar. If used, submit offer templates will vary by agent firm. That’s because closing costs and the. Rent to own is quite rare in NYC due to co-ops and banks having strict financial requirements around debt-to-income ratios and post closing liquidity. enables. For instance, banks typically require six months, while co-op boards can require up to 1 or 2 years worth),Purchase Price: $1,000,000Down Payment: $200,000 (20%)Closing Costs: $18,600 (1. Off-exchange share has also increased substantially in S&P 500 securities, rising to over 40% in June from 36% in January and 34% in October. Patterns offering to shopping real estate form & better. Many other loan programs for Multifamily real estate investing, Property Investments, and rental property with the lowest rates nationwide. However loads of Co-ops. Meanwhile, borrowers with between three and four MPEs of post-closing liquidity (0. An open house by appointment only is different from a general open house in that walk-in’s are not permitted. Supporting municipal bond liquidity: The Fed also used two of its. Debt-to-income (DTI) ratio compares your monthly income against recurring monthly mortgage and co-op maintenance payments as well as any other recurring liability payments, such as a car lease or. Our site will be temporarily unavailable during this time. licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and CQ1064175. Keep in mind the additional post-closing liquidity you’ll have if you elect to receive your rebate via a check after closing. m. In the market to buy in NYC. Liquidity refers to the cash you have on hand, and co-ops typically do have liquidity requirements for people who want to buy a unit. and 9:30 a. Post-Closing Liquidity = Liquid Assets ($200,000) / Monthly Carrying Costs ($9,754) = 20. You might also need reserve funds or post-closing liquidity. Gay explained that she would need a down payment of at least 20 percent, as well as 24 months of post-closing liquidity. Trading Session: A trading session is a period of time consisting of one day of business in a financial market, from the opening bell to the closing bell . To get the most competitive rate, a buyer should have a credit score in excess of 740; For a co-op, you need to budget for a downpayment, closing costs, and post-closing liquidity; New higher conforming loan limits 'can be super helpful with a condo purchase' Post-Closing Liquidity = Liquid Assets ($200,000) / Monthly Carrying Costs ($9,754) = 20. Labor expenses are anticipated to increase by $86. Co-ops also require post-closing liquidity (a hypothetical statistic to that would be $5,500 monthly mortgage x 24 months = $132,000). As with any complicated financial transaction, there are taxes and fees that go hand in hand with an apartment purchase. While not all New York City co-op boards are equally strict or rigorous when it comes to…A minimum 20% down payment is required and buyers must have a debt to income ratio of below 30% and often below 25%. You can open multiple accounts at different banks, the FDIC says. in Long Island City (Corte), which The New York Times highlighted in a recent article about developers’ strategies in response to the coronavirus pandemic. Due to an SBA rule change (August 1, 2023), it is technically possible to purchase an RV Park with an SBA loan with no down payment if the seller is willing to hold the required 10% equity injection in the form of a note on “full standby” for 24 months. Prepare a post-closing trial balance. If your monthly mortgage and maintenance payment is $6,000 and the building requires 2 years of post-closing liquidity, you’ll need at least $144,000 in post-closing liquidity. “The lowest I have seen is 18%,” she says. 24 times your mortgage payment. In a 1992 survey by Chuhan, poor liquidity was mentioned as one of the main reasons that 1There is a vast theoretical literature on liquidity which starts with Kyle (1985), Glosten and Milgrom (1985), Easley and O’Hara (1987) and Admati and Pfleiderer (1988). Made in NYC; Stock quotes by. Based on this, Guarantor A will have $45,000 and Guarantor B will have $340,000. Carolyn Thompson/AP. Real estate attorneys specializing in commercial and residential real estate purchases and sales in NYC. 3 billion over the last three months of 2001 and. For example, the listing agreement can provide that if the property is sold for $1,000,000 or less, the commission will be X%, but if the property is sold for $1,000,000 or more then the commission will be Y% (where Y. Many NYC co-ops require that. The ninth, and typically final, step of the process is to prepare a post-closing trial balance. Buying in a co-op typically means bringing at least 20 percent and often much more to the deal. Most co-ops will require you to meet strict financial requirements which may include a debt-to-income ratio (DTI) between 25% and 30% as well as post-closing liquidity of one to two years. Photo: Pixabay. If you haven’t looked into an SBA loan recently, this is what changed in 2018: Instead of the 25% down payment that was required from both the buyer and any seller note, the overall minimum down payment now is just 10%. Homeowners with less than one555 East 5 th Avenue, New York, NY 10350 and as more particularly described on Exhibit A attached hereto and made a part hereof. Most co-ops have specific guidelines for the amount of post-closing liquidity a new shareholder (purchaser) should have after closing on the apartment. Yes, says Danchik: The majority of NYC co-ops look for a debt to income ratio of between 25% and 30%. Unless a board violates the city’s Human Rights Law (which prohibits rejections for reasons of race, sex, age, etc. Buying Menu Toggle. And on top of the down payment, you’ll be required to have money left over after your down payment (i. Purchasing;. What are typical NYC co-op financial requirements including post-closing liquidity and debt to. You can do a number of things to ensure all of your money is safe in the unlikely event that your bank collapses. The lending giant is now requiring new customers to bring at least $1 million in. 3. Now that the pace of apartment sales in Manhattan has swung towards a buyer’s market, sellers can. The rental broker fee is usually payable on the day you sign the rental agreement, along with the security deposit. – Renewal Options. Many coop boards will be looking closely at your post-closing liquidity. The FDIC established and operated Signature Bridge Bank, N. This means that the total amount of money you spend on. [17] The GDP for New York City was estimated to have declined by $30. shimes@kishnerlegal. 54% during the week; 68% of these occurrences have yielded positive returns. Most NYC apartment buildings require at least 10 percent of the apartment price as a down payment. Post-Closing Liquidity Example Two (Cash Purchase): Purchase Price: $1,500,000 Down Payment: N/A – all cash purchase Mortgage Payment: $0 To buy a co-op in NYC, you need to have 21% to 22% of the purchase price in cash (assuming 20% down). At $595,000, it was at the top of her price range. Pursuant to the Second Amendment, in order to increase the liquidity of the post-closing public company. For example, the owner of a property financed by this type of loan might want to sell. Your post-closing liquidity is calculated by dividing the sum of your liquid assets through your monthly co-op carrying costs. How Successful Buyers Use StreetEasy: A Guide to Organize Your Buying Journey. For example, if you’ve always wanted to buy a $1 million co-op apartment in NYC, and from the above exercise you’ve estimated that you’ll need $200,000 (down payment) + $18,600 (closing costs) + $60,0000 (1 yr of post-closing liquidity), you can start feeling that this might really be possible if you’ve already saved $300,000. New York Veterinary Hospital completed the following worksheet as of December 31, 2018. For example, let’s say a buyer has $100k in cash post-closing and the combined monthly mortgage and maintenance payment is $5k. Bank Name Bank. Meeting the Debt-to-Income (DTI) ratio requirement for a NYC co-op apartment can seem like a daunting task. The form will detail the exact. For example, you have a monthly mortgage payment of $7,500 and a maintenance fee of $2,400 with liquid assets of $200,000. 4 percent. Most co-ops want that number below 30% or even 25%. Add on post-closing liquidity requirements and the potential buyer pool becomes even more limited, even with a significant discount to the asking price. 3%. Save 6% when you sold or get a 2% commission rebate when you buy in IN & FL are Hauseit. Acquiring Institution AI. The guaranty document, itself, also should include the net worth or liquidity. Discover essential tips, requirements to secure pecuniary stability in co-op living. Hauseit LLC co-brokes all listings in REBNY. PART 2. Live in a brand new apartment. Moving Service tips and tricks from the best Movers NYC. This results in total combined post-close liquidity of $385,000 (based on how the lender will calculate it). Post-closing liquidity is calculated by adding all liquid assets the buyer (or buyers) have. NYC, Long Island, Hamptons, Hudson Valley & South Florida. Step 4: Assembling and analyzing adjustment data. This is because there are many interpretations of what assets qualify as being liquid. Pro Tip: Many co-ops will take a holistic approach to interpreting your financials. This means that after putting down $180k at closing without having sold our current home, they want us to have about $150k extra liquid cash lying around immediately after closing. Co-op board members do indeed have the power to reject a sale if they think the seller could get a better price, our experts say. 8% for loans below $500k and 1. This is the fastest and most convenient way for you to sell a co-op fast. Learn Smart ch 4. . Their combined salary was well over $250,000, and they could easily cover their monthlies. Typical co-op buyer financial requirements in NYC encompass 20% down, a debt-to-income ratio amidst 25% to 35% and 1 to 2 years of post-closing liquidity. 925% mortgage recording tax. (The current median sales price for Manhattan condos is $1,750,000 compared to $800,000 for a co-op. Price Per Sq Ft Calculator. You must prove you have 24 x $2500 = $60,000 in your accounts, on top of the 20% of the down payment. Liquidation. This is because there are many interpretations of what assets qualify as being liquid. You will need to have at least $84,000 in liquid assets to meet the one-year post-closing liquidity requirement and $168,000 for two years. it may affect not only your mortgage but your post-closing liquidity. How much Mortgage Recording Tax you pay is based on. 23, 2023. To. However, if you only have 20 years left on the lease you face some serious risks! When inflation was high in the 1970’s and 1980’s, private. as a division of Liquidity Services post-closing and retain the current Bid4Assets' management team and employees post-closing. ). Buy Menu Toggle. In the case of condos, buyer closing costs can add over 3% to your purchase price. Mr. The average debt-to-income ratio for co-op apartments in NYC falls between 25% to 30%, and co-ops typically seek buyers with a DTI of 28% or less. Learn about closing costs, the purchase timeline, financial requirements plus view. Awesome thank you guys. Native New Yorker Gill Chowdhury lives and breathes Manhattan Real Estate. A typical bathroom remodel in NYC costs between $20,000 to $50,000. To satisfy your lender, aim to have six months to one year of post-closing liquidity when buying a townhouse or house. Listing agents in NYC also refer to post-closing liquidity in years. Borrowers with little post-closing liquidity defaulted at a considerably higher rate than borrowers with at least three mortgage payment equivalents of liquidity after closing. The NYC Mortgage Recording Tax (MRT) is 1. These variables include the property type ( condo vs. CTAC’s public shareholders have until 5:00 p. There are three significant hurdles you have to leap over. licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and. This is because there are many interpretations of what assets qualify as being liquid. Down payment 2. . This makes sense from the co-op board’s. A typical co-op building in NYC requires buyers to have between one (1) to two (2) years of combined monthly mortgage and co-op maintenance payments in liquid assets after closing. 1, 2018 By Christian Murray National Wholesale Liquidators is closing its Long Island City store in a move that comes just two weeks after the company filed for Chapter 11 bankruptcy protection. 9629. licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and CQ1064175. In Sarasohn's view, the demographic of the Fifth Avenue co-op buyer is shifting away from the older pied-à-terr e or second-home buyer to young families who have high incomes but not the liquid assets to get past the board. The Mortgage Recording Tax in. How to make a successful lowball offer on an NYC apartment in today’s buyer’s market. The NYC Real Property Transfer Tax is a seller closing cost of 1. Your post-closing liquidity is calculated by dividing the sum of your liquid assets through your monthly co-op carrying costs. 2% and 0. Stay up-to-date with the latest New York City security deposit laws for 2023. For example, if a buyer has 24 months of post-closing liquidity it means that he or she has enough liquid assets to pay the monthly co-op maintenance and mortgage bills for 24 consecutive months. Buyers should consider what their liquid assets will be after their down-payment and closing costs are paid. Here is my question, our real-estate agent told us almost ALL Co-ops will require you to have 2 years of mortgage payments in CASH in the bank, on top of your 20% downpayment. In New York City, there are more co-ops than condos. licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and CQ1064175. 1. Posts: 232. Yes that is pretty normal for a co-op. (Click the icon to view the partial worksheet. 2 days ago · LATEST: The Rainbow Bridge connecting the U. You then subtract the down payment and estimated closing costs and divide that by the total of mortgage, maintenance, and assessments combined. The buyer needs assurance that the guarantor can pay the amount guaranteed. Whether you choose to live in a condo vs apartment in NYC depends on whether you’re ready to become a first time home buyer. In his post on Wednesday, Trump decried the judge’s $18m. FDIC: PR-33-2023. the closing process helps summarize a period's revenues and expenses. A sponsor unit in a New York City co-op or condominium can be a real find: It means more privacy and less bureaucracy. This excludes any post-closing liquidity requirements by your lender and the co-op. After all, Cooperative is our middle name! Call us at (646) 201-4714 or email Brittney Baldwin at bbaldwin@ncb. However, some lucky buyers will receive an informal, verbal co op board approval at the end of the interview. Ensure post-closing liquidity for NYC co-op ownership. 6. Our guide simplifies the changes, offering valuable insights for both landlords and tenants in Brooklyn. Ensure post-closing liquidity for NYC co-op ownership. Is that generally sufficient for a more liberal co-op. d. A typical co-op building in NYC will have a debt-to-income ratio requirement, a post-closing liquidity guideline as well as a minimum percentage down requirement for applicants. adjustments c. It's a very important real estate term for all buyers out there. Our analysis suggests that liquidity may have been a more important predictor of mortgage default than equity, income level, or payment burden. The problem was that with the down payment and closing costs, they'd risk wiping out their savings and not having enough post-closing liquidity for the co-op board. You are preparing a trial balance after the closing entries are complete. No standard give to sell form in NYC. For a typical $600k co-op apartment in Park Slope or Murray Hill, this means having $120k in savings for the down payment plus another ~$75k in liquid assets, for. First-time New York buyers may find closing costs “insane,” as Blatman describes them. all-to-all trade, post-trade transaction reporting, substituting the Supple-mentary Leverage Ratio rule with higher risk-based capital requirements, and o cial-sector market-function purchase programs. A, 7, or 8. Albeit with a higher rate than borrowers get with a top-tier credit score of 780 or greater. Share: Buying a co-op in NEW is different from purchasing other types off genuine estate. No PMI: No private mortgage insurance is required. Add Contact (vCard) Contact Agent 212. However, the specific buyer financial requirements vary by co-op. Restaurants and bars across the city are temporarily closing in droves this week, citing suspected and confirmed COVID-19. Response by creeganeagles. If a co-op excludes IRAs and 401ks for the purposes of calculating post-closing liquidity, it means you’ll need to have one to two years’ worth of mortgage and maintenance. 11/03 - Dr. Perhaps because they don’t meet various financial requirements such as post-closing liquidity, the minimum down payment, or the debt-to-income ratio. “The cost-benefit analysis pointed to a co-op,” Ms. However, the calculation methodology for post-closing liquidity varies by co-op. balance, Which of the following accounts would be included in the plant assets category of a classified balance sheet? a. “The lowest I have seen is 18%,” she says. Skip to topic. – Tenant’s Use. The bad news is that co-op boards in New York City can operate with complete impunity. Surrey, let me ask you: what happens if you find a co-op board that's happy with your $45,000 in post-closing liquidity (I'm assuming roughly $3700/month in mortgage and maintenance), and after you close and move into your new place, despite your "strong salary", you lose your job?Therefore, if you have $3,000 in monthly housing costs and $60,000 left over post-closing, you have 20 months of post-closing liquidity. S. Once you’ve found a place you want to buy, it typically takes between 6 and 12 weeks to close on a coop in NYC. There are nearly three times the number of co-ops compared to condos in New York City and strict financial requirements—which include substantial post-closing liquidity from co-op buyers—protect the market as a whole, Chin says. Blank 2: adjusted. Condos are often more expensive than co-ops because they are often new construction or converted buildings and feature modern amenities. m. the closing process helps summarize a. Closing Date Closing. In the weeks since. . Y. Transfer taxes and attorneys’ fees will be part of the closing costs. Blank 3: after. ELIKA New York: Real Estate Calculators. Member since: Dec 2008. County: New York Block: 950 Lot: 5. boards require buyers to show one to two years of “post-closing liquidity. before closing down more than 11 percent. A common co-op post closing liquidity requirement is an amount equivalent to 2 years of mortgage and maintenance. Filip De Mott. The typical rental broker fee in NYC is either one month rent or 15% of the annual rent. Some of the most out-of-touch co-ops in NYC require buyers to have 1 to 1. Post-closing liquidity means the amount of liquid funds a buyer will have after he or she closes on their home. Post-closing liquidity is essentially how many months/years of co-op mortgage & maintenance payments the purchaser has in liquid assets after closing (and. Note that a UCC Financing Statement Cooperative Addendum is also typically filed. 4. m. Buying for the first time in NYC? Be sure to prep your finances first. The REBNY Listing Service Universal Co-brokerage Agreement Rules and Regulations state the rules for co-broking in New York City. Most NYC apartment buildings require at least 10 percent of the apartment price as a down payment. Main Menu. stock market closes on Thanksgiving Day, Nov. - 今回の売却は、慣習的な完了条件および完了後の一定の購入価格の調整を満たすことが条件となります。Feature: Details: Credit score: No minimum credit score. Basel 3 is a global regulatory capital and liquidity framework developed by the Basel Committee on Banking Supervision. Trump is effectively ‘out of business’ in New York, Michael Cohen says, after judge rules business fortune built on rampant fraud. m. Upcoming Speakers. 9. Have your financials in order. Buy Menu Toggle. But all is not lost. The New Construction Punch List in NYC Explained What Is a Punch List? A punch list is a list of improvements, repairs and touch-ups that a new development condo or co-op buyer wants the sponsor to complete before closing or soon after closing. Coinbase spooked customers with an admission that their crypto holdings could be at risk if the company goes bankrupt – a warning that surfaced alongside a dismal earnings report that. If it's higher, some buildings may still allow you to buy if you put a year or two of maintenance payments in escrow at closing. As for money left over after loan closing — often called reserves or post-closing liquidity — jumbo loans will be more stringent than conforming. Share. Commercial real estate has fewer protections for buyers, but also gives parties more room to be creative with deal making. You and your agent have kindly given. Post-closing liquidity can be defined as what a potential borrower or buyer will have leftover in liquid cash after deducting the down payment and closing costs from. This is often considered for people that have a lot of assets but little income. Signature Bank was closed Sunday by its state chartering authority. Home英語-日本語 の「POST-CLOSING」の文脈での翻訳。 The sale is subject to customary closing conditions and certain post-closing purchase price adjustments. The REBNY Listing Service, commonly known as the REBNY RLS, is the de facto Multiple Listing Service (MLS) in New York City. The true length of time it takes to close on a co-op in NYC depends on a number of factors, many of which are outside of your direct control as the buyer. However, at higher liquidity levels, the relationship between post-closing liquidity and default rates was nearly flat: borrowers with between four and ten MPEs of liquidity had default rates between 0. Buyer — Move-in Deposit (Refundable): $500 to $1000. Typical post-closing liquidity requirements for co-op buildings in NYC are between one to two years of. Owner-financed deals can be more flexible than those with institutional lenders, but the conditions still need to satisfy a board. Cash is still king, but the offer needs to be backed up with post-closing liquidity, a clean financial statement and employment, according to one broker. Although condos are generally more expensive, co-ops are often times less affordable due to a combination of higher down payment requirements imposed by co-ops and the need to have 1 to 2 years of ‘post closing liquidity. It will typically take place at the seller attorney’s office if it is a condo, and at the co-op building management’s office if it is a co-op. For more on this, check out “How buying real estate in NYC is unlike anywhere else. . NMLS #507535. He explained that Pyne would need a down payment of at least 20% in addition to 24 months of post-closing liquidity. m. 305 West 52nd Street - 2G. However, at higher liquidity levels, the relationship between post-closing liquidity and default rates was nearly flat: borrowers with between four and ten MPEs of liquidity had default rates between 0. However, the specific buyer financial requirements vary by co-op. Our Discretion, Your Advantage. Now available in Miami & South Floridas. Save 2% On Your Home. Accept smaller down payments. m. Forums; Today's Posts; Forum; Mortgages and Financing in NYC; If this is your first visit, be sure to check out the FAQ by clicking the link above. com. Review the closing. In Sarasohn's view, the demographic of the Fifth Avenue co-op buyer is shifting away from the older pied-à-terre or second-home buyer to young families who have high incomes but not the liquid assets to get past the board. Buyer closing costs vary based on the type of property you’re buying but generally come to 2 to 4 percent of the property purchase price. Concerned about closing costs and post-closing liquidity?. Many co-ops have specific targets for post-closing liquidity and the percentage of housing expense relative to income. NMLS #507535. Archive. Better to put down 20% and avoid PMI. m. Accept smaller down payments. The calculator allows you to compute your maximum purchase price based on factors such as income, estimated closing costs and the post-closing liquidity requirements for your bank and/or co-op building. Acquire Menu Switches. June 2017 (1) October 2017 (4) November. com. Low-MPE borrowers made up a “a disproportionately high share of defaults,” JPMorgan Chase notes. If you have any questions about specifics, be sure to reach out. Pre-market trading typically occurs between 8 a. In addition, co-op buildings can have steep requirements for post-closing liquidity. A post-closing REBNY coop economic statement is adenine gemeinschafts requirement for co-op board applications in NYC showing your assets real liabilities by closing. Equal Housing Lender. I'd heard that UWS is more lenient than UES, in general, but thisBuyer closing costs in NYC are between 1. Tops is also open until 4 p. There is also a flip tax which is 1-3% (about $10,000). Advance on Twitter. We have not come across a resale co-op unit that did not require 20% down. A full-service broker will upfront the marketing costs involved. Post-closing liquidity is defined as the combined monthly mortgage and maintenance expense. Typically buildings and lenders want to see 1 Year to 2 Years of post-closing liquidity. If your debt-to-income ratio is 25%, it means that you spend 25% of your monthly salary on housing expenses. The Federal Deposit Insurance Corp. What is post-closing liquidity? Agent – Charlie Panoff: Answer: Post-closing liquidity is essentially the amount of money a buyer has in the bank after they close on their new property. So say your payment is $2500. For example, you have a monthly. That money can certainly come from a gift or inheritance. The exact rental broker fee varies by listing in NYC based on the commission agreement negotiated between the landlord and the rental broker. 1 Describe and Prepare Closing Entries for a Business; 5. Thank you for the opportunity to make an offer on your lovely property. Coops are generally 10-40% cheaper on average than condos of comparable quality. First time home sellers or newly licensed agents will typically begin their search for the Manhattan Multiple Listing Service or the Multiple Listing Service of New York, but they always arrive at the conclusion that. Married couple, stable income, excellent credit, but will have limited cash in savings post down payment and closing costs. Most co-ops in NYC require applicants to have one to two years of monthly housing expenses in liquid assets post-closing, after the down payment and closing costs. increases the employer's contribution to Social Security B. Study with Quizlet and memorize flashcards containing terms like Identify the features of stocks and bonds.