Rentals in Fordham Heights>Question Details

Penny10024, Renter in Fordham Heights, Bronx...

I am interested in a studio or a one bedroom apartment anywhere in the Bronx for $750 ready to moved by 5/10/2012.

Asked by Penny10024, Fordham Heights, Bronx, NY Sat Apr 21, 2012

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Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlord’s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140
http://www.tcurranmortgage.com

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0 votes Thank Flag Link Tue Aug 20, 2013
Maybe $850-$950 let me know when your ready 718 374 4445
0 votes Thank Flag Link Sat Apr 27, 2013
Good Evening

My name is Derrick Omane & I'm with my freedom realty
I have a couple of studio apartments that might suit your price range

I would love to further discuss your needs with a phone call or an email response

you can contact me at

Derrick Omane
My Freedom Realty
http://myfcorp.com
Domane84@gmail.com
646 943 1740
718 710 0880
0 votes Thank Flag Link Mon Jun 25, 2012
Good afternoon,

My name is Wendi James and I am licensed salesperson. I do have access to a number of apartments that I believe may fit your needs. You can call me at 646-820-2402. I can help you find a home by your deadline.
0 votes Thank Flag Link Wed Apr 25, 2012
Hi my name is Robin Plummer and I am a licensed salesperson. I have a number of apartments that may meet your needs. You may contact me by calling 347-388-6275 or email me at rplummer@rapidnyc.com. Allow me to help you end your search.
0 votes Thank Flag Link Sat Apr 21, 2012
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