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

… the down payment is often the biggest hurdle on the path to home ownership Coops typically require down payments of at … the funds youll need to cover closing costs and demonstrate two years of postclosing liquidity  Condos on the other … could think that they want to put money into financing a renovation or they might want it for another investment …

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