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How to Buy

A New York City Apartment

Like everywhere else in this country, New York City is living through a post-boom credit crunch that has made securing a mortgage one of the most nail biting aspects of buying an apartment here. The more you know going in, the better off you’ll be. On the following pages, we'll explore the pre-approval letter, commitment letter, mortgage contingencies vs funding contingencies, and how financing works for international buyers.