Asked by Helen Burroughs, New York, NY • Sat Jul 2, 2011
tenant renting the apt. The rent covers both the monthly mortgage payment and the monthly maintenance charges. I am a first time buyer. Are there any downside risks that I should be considering? Since the mortgage payments are low - less than $300/mo. - should I consider a 15 year fixed over a 30 year fixed mortgage? Also, how do I find a good buyer's agent since I live in NYC and the property is in NJ?
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