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Financing in Clifton : Real Estate Advice

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Activity 2
Sun Jun 29, 2008
Arlene Trunzo, CRS,GRI,SRES answered:
Hi Linda,

I would suggest that you speak to a mortgage professional. Many lenders require that your closing costs or down payment be (seasoned) in the account for three months or longer.
I regard to a Coop purchase, many times they have restrictions and down payment requirements. Some require 20% or a 30% down payment and mortgage reserves. They are all not the same they have different requirements and restrictions.

A.T. REAL ESTATE SPECIALISTS LLC
Arlene Trunzo, CRS,GRI,SRES / Broker Owner
(BCREP) Board certified
718-317-0949 0R 917-359-1985
cmyrealtor@aol.com
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