Hi Brett - Sounds like a good down payment and I understand the reasoning behind it. You should actually look at 20% down maybe $25% to make this happen. to keep some cash available. Check with one of my favorite mortgage people:
Mortgage Capital Partners
Craig should be able to answer all of your questions
Give a call if you need a Realtor to represent your purchase! I can show you all of what is available in the area!
Century 21 Burke Realty
There is also the Northeast corridor line in New Brunswick & at Jersey Ave. that go direct to New York without changing trains in Newark. I believe you have to change trains in Newark on the Raritan Valley line to go to New York Penn Station... more
Here's 3 cents. When negotiating a FSBO, keep in mind the comps you utilize to figure your offer price reflect a prevailing 4-7% commission. So don't forget to remove that from the FSBOs asking price before even beginning the negotiation. You will often see that FSBOs price to the recent comps that paid a commission. Apples to oranges. A FSBO that is priced competitively with other similar homes listed by agents is, by definition, overpriced by the prevailing commission in the area. And buying a FSBO at the prevailing closed price of similar homes sold by agents means you just overpaid. Keep that in mind.... more