First Time buyer
I currently live in a two bedroom Co-Op, it is a Mitchell-Lama Co-Op so it can't be sold on the open market. I am the only income, have two children (another on the way) I am trying to figure out how to estimate the cost of buying a home (would like to stay in Queens) it makes me a nervous wreck when I do the math, but I need to bite the bullet and take a chance. Any programs for firstime homeowners, ideas, etc? Thanks
Lou,
The first thing you should do is go to your local bank and speak to a representative who is knowledgeable about the local market where you wish to purchase a home. They should be able to guide you through the process by first analizing your finances and telling you how much of a house you can buy. This is a great time to purchase a home and there is a credit from the government of $7500 for first time home buyers.
You can call me anytime with questions.
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Fair Housing and Equal Opportunity