Foreclosure in New York>Question Details

Camille, Renter in Upper East Side, New...

im a fist time buyer my credit score is 600 and i only have 5% down payment what my chances of buying a home in staten island ny

Asked by Camille, Upper East Side, New York, NY Tue May 22, 2012

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4
Nothing is impossible but why is your credit score only 600. Ideally, you should get this fixed before you buy. Use this time to increase your downpayment as well as pay down debt. You will be rewarded with smaller mortgage payments and lower interest rates.


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Thank you!

DOM PASCUAL, J.D., ESQ.
ASSOCIATE REAL ESTATE BROKER
Demsker Realty
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New York, NY 10010
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1 vote Thank Flag Link Tue May 22, 2012
Janet has a great suggestion. Compare mortgage offers and rates.


--
Thank you!

DOM PASCUAL, J.D., ESQ.
ASSOCIATE REAL ESTATE BROKER
Demsker Realty
"Your Experts in NYC Luxury Apartments & Lofts"
304 Park Avenue South
New York, NY 10010
Cell: (631) 741-2764
E-mail: dompascual@gmail.com
Join my social network: http://cityamicus.com
Company Website: http://demskerrealty.com/
Blog: http://dompascual.wordpress.com/
Listings: http://dompascual.postlets.com/
Twitter: http://twitter.com/dompascualesq
Facebook Profiles: Dom Pascual; Manhattan Broker

** All information contained herein does not constitute any warranties, offer or commitment or obligation of any sort and/or kind whatsoever and is subject to change, error, omission and/or withdrawal without prior notice. **
0 votes Thank Flag Link Tue May 22, 2012
Contact a loan officer or mortgage broker in the area, they will be most helpful.
0 votes Thank Flag Link Tue May 22, 2012
I would suggest you speak with a mortgage broker. They, rather than a mortgage officer at a particular bank, have many different products available to them. They will let you know what products and at what rates you may qualify for, and if you are in need of credit repair services, they will have resources for that.
0 votes Thank Flag Link Tue May 22, 2012
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