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In My Neighborhood in 11375 : Real Estate Advice

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Activity 1
Sun Jan 15, 2012
Joe Lanzetta answered:
Hi Lee,

Certainly for a rental of any kind (depending on your pension salary) you are fine. For a purchase, you credit rating is also good and obtaining a mortgage with a good rate can happen. It is the down payment amount you will need to be sure of. In order to get a fare interest rate you will need a high percentage down (20% plus) on top of that you will need 20% down for most cooperative apartments, a little less for condos.

I am happy to answer any further questions you have.


All the best,
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