Ask an Expert: Can I mortgage my co-op to buy another NYC apartment?

… Ive paid off the mortgage so I only pay maintenance fees Id like to buy a second apartment in the city and … A The short answer is yes You can use the equity in your current home for the down payment on a second says mortgage … which is by no means guaranteed experts say  The board may ask why you are taking out such a loan You can say what you …

By Leigh Kamping-Carder |March 3, 2014 - 1:35PM