Hey fellow BP.
I found a duplex in Brooklyn NY, I will go see the property tomorrow with the broker. however , they all keep asking me for a pre approval status.
The house is listed for $420k, I plan to put down $150k . i am left with $270k loan.
How much money do i need to have in my bank account in order to receive the full $270k ?
How much income to I need to earn in order to qualify for this kind of money?
Is there anyone here on BP that is from NYC and is able to fully explain the ins &outs of the finance process?
Try this. Go to StreetEasy.com. Across the top look for Resources. In there you will find tools to use to answer most of your questions. I'm in NYC. Message or email me if you still need some help.
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