Which is better in NYC: A big down payment or a big mortgage?

… For New York City buyers the down payment is often the biggest hurdle on the path to home ownership Coops typically require down payments of at least 20 percent and with  median sales … on the other hand tend to be laxer when it comes to down payments with many permitting buyers to put just 10 percent …

By Alanna Schubach |October 31, 2017 - 1:00PM