First of all, start off with a really dedicated mortgage broker who will work hard to find you a program that will work (contact me offline Gail@GailGladstone.com for a recommendation).
Second question: the mortgage broker will be able to tell you what you can afford and a really good Realtor will put in the time to find it for you (I can recommend someone in your area as well).
Real Estate always appreciates. It is made for long term investing and provides a home in the interim. Not only should you purchase, when you are ready to move up, keep it and lease it out for passive income. It will be the first step to owning many pieces.... more
If this is truly your parking spot it would be specified in the DEED that you received at the closing. This is a simple question that your closing attorney can answer for you, especially if he did his or her due diligence before you went to contract. Again, if the spot came with the unit, it would be clearly defined in the deed and condo documents. If this spot ends up NOT belonging to you, it becomes a disclosure issue and I would say your attorney would be the best one to advise you! Martha McDonnell Coldwell Banker Summit New Jersey... more