Buying for the first time in NYC? Be sure to prep your finances first

… for qualifying  … Banks want to see more postclosing reserves and some lenders require that a portion be cash and … falls short Thats because fees for brokers who are members of the Real Estate Board of New York are  decoupled … that aggressive and risk a sale What is certain Youll need reserves far beyond that down payment and upfront closing …

By Evelyn Battaglia |January 14, 2026 - 11:30AM