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Is it worth to buy a place in NYC?
If u rich ya np
Would be nice…
Subject Expert
As long as your DTI can afford both houses.
Subject Expert
Using the same lender may help but just be open to your lenders early in the process.
I’ve done this a few times. Expect to either close a few weeks apart or on the same day.
If you’re using multiple lenders - absolutely tell them. They’re going to find out anyway… so better for them to know early.
Just know if one falls through for financial issues or seller issues it can hold up the second one as well.
Only issue would be DTI cause if you qualify for say $1m and one is $800k and the other is $700k then the second one closing will have issues
Let's get you funded on a flexible interest only loan.