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How do ifinance my purchase? <br /> As a new member buying a cooperative share, you only pay the equity or <br /> !1 share price at closing. As an incoming member you can readily borrow <br /> p rt of .1f othe share price using a share loan that is secured by a cooperative <br /> <e a single-family mortgage <br /> is secured b1 the home itself.A <br /> share borrower must individually qualify for his or her own share loan and is <br /> individually liable for this debt. <br /> What monthly payments do I have to make? <br /> The occupancy agreement requires each member to pay only his pro-rata <br /> = 4 d share of the b.jdgeted costs of the cooperative. These costs may include taxes, <br /> dw w mortgage payments, repairs and maintenance. If you have taken out a share <br /> loan, you must make the principle and interest payments directly to the share <br /> lender. Where utility costs are not part of the cooperative budget,the <br /> member must pay them directly to the utility companies, as well, <br /> t tax benefits are available to me? <br /> Members can deduct their pro-rata share of the cooperative's mortgage <br /> interest and real estate taxes on their personal federal income tax returns, in <br /> addition to the interest paid on any share loans. They have the saem rights to <br /> s exemption from capital gains taxation as any other homeowner. In some <br /> states, homeowners receive favorable property tax treatment compared to <br /> commercial and industrial uses. In most instances, coope p �v�§-and their <br /> members reserve the same benefit as single-family homeovmmrs. <br /> V,4; <br /> N i 4 s <br /> E <br /> Jr, <br /> a'@ <br /> qry uaX <br /> 1. <br /> F F <br />