Quote:
Originally Posted by amylauren
I am thinking I wont have the assets they want to see. A realtor told me they want a DTI of 28-30%. I also heard that you need the same amount in the bank as what the apartment sells for. I am a relatively new return to NYC schools. I was home many years with my kids.
How old is your family that lives there?
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My aunt is 80, but her building is a mix of older folks and younger families.
When my husband and I bought our house, the bank let us count our retirement plans as assets. I've never heard of the "bank balance = sales price." I question that rule... because seriously, who has that kind of cash just laying around?
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