juansforero, Home Buyer in Brooklyn, NY

What is the down payment for this house? Thank you

Asked by juansforero, Brooklyn, NY Thu Aug 8, 2013

This question was asked from this property: http://www.trulia.com/property/3122037004--Willoughby-Ave-Br…

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You need to speak to a Mortgage Broker and have him check your credit and financials. He will then be able to determine what down payment you can afford. Good Luck.
0 votes Thank Flag Link Fri Aug 9, 2013
Dear juansforero:

The amount of down payment that you need can vary and will be determined based on your qualifications when you meet with a banker to discuss your mortgage. Basically, before you purchase a property, you need to meet with a banker and get yourself pre-qualified so to speak. This entails you furnishing to the banker your last 2 years tax returns, proof of income and employment, last three months bank statements and they would also have to run your credit report. After you do that the bank will tell you how much of a down payment you can go with along with the interest rate you will receive and how much your closing costs will be.

After you do that you can prepare a budget and know how much it will cost you to own the property on a month by month basis. If you want contact me direct and I can help you through the process. Either way, good luck!

Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Thu Aug 8, 2013
If purchasing with a mortgage be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore for answers to such questions and any others, visit with any licensed loan officer....
0 votes Thank Flag Link Thu Aug 8, 2013
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