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How to Buy

A New York City Apartment

If you are not a U.S. citizen, you will have trouble getting a mortgage from a U.S. bank unless you are a private banking customer of theirs overseas, you are in business here and the bank wants your business account, or the bank wants accounts overseas that it doesn’t currently have.

Exception: You may be able to take out an interest-only ‘commercial’-type loan with a balloon payment due at a specified time in the future, or one that requires you to keep a certain amount of money in the bank as a minimum balance during the term of your loan.

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