B.t.

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I would like to buy a home in the Buffalo area (Amherst/Williamsville/Clarence). Right now I am renting

Asked Sun Apr 20 2008, 13:13 by homebuyer - Buffalo - Home Buying - 10 answers

B.t. answered:

I'm not a real estate professional but I agree with most of these people as far as purchasing property. I rented for over 10 years before I decided to buy. As a professional with a rather stable income, it was just an economically wise choice for me. I was paying the same amount for my mortgage and condo fees as my rent. It was a great transition from renting to owning.. .apt to condo....good baby steps. I went with a SONYMA loan. For a first time buyer, it gave me a lower rate than the FHA loan and closing assistance (if you need that). All you need is 3% down with the SONYMA loans. Many will push you to an FHA loan because the loan officer would get a better commission. Just do your research on the different loans so you make sure you get the best possible option for yourself. Unfortunately, I just relocated to another state for my job so I have to sell my wonderful condo. If I could, I'd take it with me. In case you're interested, here's the link: - Fri May 16 2008, 13:55

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