NYC Co-ops – What Is Debt to Income Ratio?

NYC Co-ops – What Is Debt to Income Ratio? One of the key requirements for purchasing in NYC co-ops is the debt to income ratio number. Read on to find out what it is and why it matters so much.  What is Debt to Income Ratio?  The debt to income ratio (or “DTI”) is a…

Mortgage Interest Rates & Buying an Apartment in NYC

Mortgage Interest Rates & Buying an Apartment in NYC Mortgage interest rates should be at the top of your list of concerns if you’re thinking of buying an apartment in NYC. But it can sometimes be a factor that’s overlooked by first time buyers.  Here’s why it matters.  Cost of Borrowing The key reason why…