NYC First Time Buyer Quiz
  • *What's the first thing you should do when you decide to move forward with buying a home?
  • *True or False: Co-ops and condos are essentially the same type of property.
  • *True or False: You can finance up to 90 percent of the purchase price for a condo
  • *True or False: A co-op is real property.
  • *What's the household debt to income ratio that you should target for most co-ops?
  • *Approximately what percentage of your purchase price should you set aside from closing costs?
  • *True or False: Pre-qualification and pre-approval are the same thing.
  • *What's the ideal down payment amount to purchase in NYC?
  • True or False: The buyer's broker is paid by the seller.
  • *True or False: Owning always beats out renting.

That's all, folks!

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