An Explanation of Cooperative Home Ownership
[]
There has never been a better time for seniors to purchase a cooperative home share. Prices for existing single family homes are very good and the equity from a sale will easily pay for a coop home share and leave funds for investment or other needs. Existing cooperatives have the benefit of being built when costs of building was less and with mortgage refinancing they are cutting their expenses for principal and interest, which means future stable monthly fees.